RBI Circulars

 

Manufacturers Allowed Raise ECB for One Year with $50mn Limit

09-RBI/19.09.2018

Export Credit of US$18 mn to Zambia for Establishment of Pre- fabricated Health Posts

A.P. (DIR Series) Circular No. 4 dated July 12, 2018

Export Credit of USD 17.50 mn to Guyana for Up-gradation of Three Hospitals

A.P. (DIR Series) Circular No. 3 dated July 12, 2018

Export Credit of US$36.92mn to Cambodia for Financing the Stung Sva Hab/Slab Water Resource Development Project

A.P. (DIR Series) Circular No.2 dated July 12, 2018

Export Credit of 45.27mn to Sri Lanka for Rehabilitation of Kankesanthurai Harbour

A.P. (DIR Series) Circular No.1 dated July 12, 2018

PAN Mandatory for All Remittances under Liberalised Remittance Scheme

32-RBI/19.06.2018

Security Transfer by FPI

A.P. (DIR Series) Circular No. 31 dated June 15, 2018

Draft Single Master Form for FII Reporting Released

·    Violations of Reporting will be Treated as FEMA Offences

30-RBI/07.06.2018

RBI Tightens FDI Reporting

·    ECB-2 Return Amended for Monthly Returning on ECB Hedge Costs in Exposures

29-RBI/07.06.2018

Banks to give Remittance Detail to DRI, Non Compliance to Attract Penalty

28-RBI/03.05.2018

Monitoring of Foreign Investment Limits in Listed Indian Companies

27-RBI/03.05.2018

Foreign Portfolio Investment in Debt Reviewed

26-RBI/01.05.2018

ECB Liberalised

·         450 Basis Point above LIBOR Allowed

·         Liability to Equity Rates Raised to 7:1

·         Standard Negative List for All Categories with Bar on Real Estate, Equity Market and Working Capital

25-RBI Circular/27.04.2018

Foreign Portfolio Investment Liberalised

·         No Minimum Maturity for G-Secs Investment

·         Corporate Bonds Limit Set at 50% in Portfolio

24-RBI Circular/27.04.2018

Daily Reporting to RBI of Individual Remittances Compulsory

·    Info to be Accessible to All Authorized Dealers

23-RBI/12.04.2018

Foreign Portfolio Investment Limits in Govt Securities Raised by 0.5% each year

22-RBI/06.04.2018

FEMA Transfer of Security by Non Residents Regulations Amended to Allow NRIs to Invest in Air Transport Service in Air India

Notification No. FEMA.20(R)(1)/2018-RB dated 26th March 2018

Export Credit to US$4.50bn to Bangladesh for Infrastructure Development Projects

RBI Circular No. 21 dated 5th April 2018

RBI Notifies Foreign Exchange Management (Cross Border Merger) Regulations, 2018

·         Definitions

·         Inbound merger

·         Outbound merger

·         Valuation

·         Miscellaneous

·         Reporting

·         Deemed approval

Notification No. FEMA.389/2018-RB Dated March 20, 2018

Reserve Bank Bans LoUs and LoCs for Imports

·    DGFT Does Likewise for Export LCs!

20-RBI/13.03.2018

New Directions for Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) 2018 to Replace Old Rules from 1 April, 2018

19-RBI/12.03.2018

RBI Permits the Overseas Branches/Subsidiaries of Indian Banks to Refinance ECBs of Highly Rated Corporates and Navratna/ Maharatna PSUs

·    Outstanding Maturity of the Original Borrowing is not Reduced

·    All-in-Cost of Fresh ECB is Lower than the Existing ECB

15-RBI/04.01.2018

FPI Investment in Govt Securities

14-RBI/12.12.2017

LoC of $81mn to Rwanda Released

13-RBI/16.11.2017

LoC for $500mn to Mauritius Releases

12-RBI/16.11.2017

RBI Issues “Simplified Hedging Facility” Guidelines

11-RBI/09.11.2017

Export Credit of $1bn to Mongolia for Development of Railways and Infrastructure Projects

10-RBI/12.10.2017

Export Credit of $318mn to Sri Lanka for Rolling Stock and Upgrading Railway Track

09-RBI/12.10.2017

Revised Guidelines for NRs to Hedge in INR Exposures in India

08-RBI/12.10.2017

FPI Investment Limits in Government Securities Raised for the Next Quarter Oct-Dec 2017

07-RBI/28.09.2017

Rupee Bonds Excluded from FPI Limits

06-RBI/22.09.2017

Masala Bonds Removed from FPI, Now Covered in ECB

05-RBI/22.09.2017

Banks Directed to Generate Export BRC only from Export Database from 16 Oct 2017

04-RBI/15.09.2017

Minimum Maturity Period for Masala Bonds Raised upto $50mn for 3 Years

47-RBI/07.06.2017

Export Credit of $4mn to Guyana for Procurement of High Capacity Fixed and Mobile Drainage Pumps

46-RBI/04.05.2017

Export Credit of $52.30mn to Mauritius for Project Trident

45-RBI/27.04.2017

Export Credit of $31.29mn to Nicaragua for Financing Transmission Lines and Substation Project

44-RBI/13.04.2017

Limits for Investment by Foreign Portfolio Investors in Govt Securities Increased by Rs. 110bn

43-RBI/31.03.2017

Exchanges Facility for Foreign Passport Holders Restored to Status quo Ante

42-RBI/30.03.2017

Guidelines for Hedging Currency Transactions for Indian Subsidiaries of MNCs

41-RBI/21.03.2017

$92.18mn Export Credit to Tanzania for Rehabilitation and Improvement of Water Supply System

38-RBI/09.03.2017

Export Credit of $750mn to Nepal for Financing Post-earthquake Reconstruction Project

37-RBI/09.03.2017

Gold Monetisation Scheme Transactions

RBI/2016-17/243 dated 6th March 2017

Infrastructure Lending Definition

RBI/2016-17/242 – DNBR.PD.CC.No.085/ 03.10.001/2016-17 dated 02.03.2017

Export Credit of $78mn to Sierra Leone for Transmission Line and Substation Project

RBI Circular No. 36 dated 2nd March 2017

$26mn to Senegal for Acquisition of Buses

RBI Circular No. 35 dated 2nd March 2017

$23.50mn Export Credit to Malawi for Construction of Water Supply System from Likhubula River to Blantyre

RBI Circular No. 34 dated 2nd March 2017

Export Credit of $15mn to Kenya for Development of SMEs

RBI Circular No. 33 dated 2nd March 2017

Export Credit of $29.95mn to Kenya for Financing Upgradation of Rift Valley Textiles Factory

RBI Circular No. 32 dated 2nd March 2017

Guidelines for Money Transfer Services Scheme (MTSS)

RBI/FED/2016-17/52 – FED Master Direction No. 01/2016-17 dated 22nd February 2017

Regional Financial Institutions can Invest in Rupee Denominated Bonds as Investors

RBI Circular No. 31 dated 16th February 2017

SBN to be Treated as “Soiled Currency” in RBI Calculations

RBI/2016-17/226 – DCM(Plg) No. 3217/10.27.00/2016-17 dated 13th February 2017

NRIs can Access the Exchange Traded Currency Derivatives (ETCD) Market to Currency Hedge under FEMA

30-RBI/02.02.2017

RBI Regional Officers to Compound FEMA Offences Delay in Filing Returns Cases

29-RBI/02.02.2017

RBI Prohibits Indian from Direct Investment in Non Cooperative Countries Identified by FATF

·    Investors must be Allowed to take their Non Risks in Third World Countries

28-RBI/25.01.2017

Cash Withdrawal Limit Enhanced

·     Rs. 1 Lakh per Week from Current Account

·    Rs. 10,000 per Day from ATM

RBI/2016-17/213 – DCM(Plg) No. 2559/10.27.00/2016-17 dated 16th January 2017

Submission of Bill of Entry as Hardcopy of Evidence of Import Discontinued from 1 Dec 2016 Due to EDI IDPMS in Operation

27-RBI/12.01.2017

Export Credit of $0.17mn to Burundi for Integrated Food Processing Complex

26-RBI/12.01.2017

Export Credit of US$4.22mn to Burundi for Farm Mechanization Finance

25-RBI/05.01.2017

Old Notes (Rs. 5000 per Week) Exchange Facility for Foreign Passport Holders Extended Till 31 Jan 2017

24-RBI/03.01.2017

60 Days Grace Period for Farmers whose Crop Loan Due between 1 Nov and 31 Dec 2016

RBI/2016-17/194 - FIDD.No.FSD.BC. 19/05.04.02/2016-17 dated 26th December 2016

RBI Allows Purchase and Sale of Shares and Debentures of Indian Company by a Person Resident Outside India

23-RBI/27.12.2016

Government Withdraws Rs. 5000 Limit on SBN for KYC Compliant Accounts

·    Move to Pipe Deposits towards PM Garib Kalyan Scheme

RBI/2016-17/191 – DCM (Plg) No. 1911/ 10.27.00/2016-17 dated 21st Dec 2016

All SBNs (Old 500 and 1000 Notes) Beyond 5K Deposited till 30 Dec to Face Questioning

·    Move to Pipe Deposits towards PM Garib Kalyan Scheme

RBI/2016-17/189 – DCM (Plg) No. 1859/10.27.00/2016-17 dated 19th Dec 2016

No Transaction Charge for IMPS, *99# and UPI upto 1K for Three Months

RBI/2016-17/185 – DPSS CO.PD.No.1516/02.12.004/2016-17 dated 16th Dec 2016

All Foreign Passport Holders can Change Rs. 5000 per Week till 31 Dec 2016

·    Old Notes Exchange Facility Extended to 31 Dec from 15 Dec

22-RBI/16.12.2016

RBI Notifies Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) 2016

RBI Press Release 2016-2017/1555 dated 16th December 2016

Guidelines to Pradhan Mantri Garib Kalyan Deposit Scheme, 2016

RBI/2016-17/188-IDMD.CDD.No. 1454/14.04.050/2016-17 dated 16th Dec 2016

Electronic Payment Fee Cut to 0.5% and below for Transactions upto Rs. 2000

·    Measure Temporary upto 31 March

RBI/2016-17/184 – DPSS.CO.PD.No.1515/02.14.003/2016-17 dated 16th Dec 2016

RBI Tightens KYC, PAN or Form 60 must for All Accounts including NBFC

RBI/2016-17/183 – DPSS.CO.PD.No.1515/02.14.003/2016-17 dated 16th Dec 2016

Issuance of Rs. 500 Bank Notes without Inset Letter, in the Mahatma Gandhi (New Series)

Press Release 2016-2017/1461 dated 8th December 2016

Activity at Banks during 10 November to 7 December 2016

Press Release 2016-2017/1460 dated 8th December 2016

GoI Supported LOC of USD35mn to Guinea for Construction and Up gradation of Regional Hospitals

21-RBI/08.12.2016

Reserve Bank Withdraws 100% Hike in CRR, Issues 6 lakh crore MSS Security to Mop up Liquidity

·    Bank Rate (Reverse Repo Rate) to Continue at 6.25%

·    Note Ban Introduces Uncertainty in Economy

·    Subject: RBI Withdraws the Incremental CRR

RBI Press Release/07.12.2016

Urjit Notes without Inset Letter in Rs. 50 Series Soon

·    Raghu Notes of Rs. 50 without Inset Letter and Raised Printing under Issue

RBI Press Release No. 2016-2017/1403 dated 4th December 2016

New 20 Rupee Urjit Notes with Inset Letter

·    Rs. 20 Raghu Notes Soon without Intaglio Printing

RBI Press Release No. 2016-2017/1402 dated 4th December 2016

35 Day Treasury Bills for Rs. 60k crores on Auction

RBI Press Release No. 2016-2017/1408 dated 5th December 2016

RBI Asks Local Currency Chests to give Notes to All Banks and not their own Branches

RBI/2016-17/169 - DCM (Plg) No. 1508/10.27.00/2016-17 dated 2nd December 2016

All Foreign Passport Holders now can Change Rs. 5000 per week till 15 Dec 2016

·    Earlier Facility Limited only to Travellers

20-RBI/25.11.2016

No Withdrawal Limits on Currency Deposits other than SBNs

RBI/2016-17/163  - DCM.No.1437/10.27.00/2016-17 dated 28th November 2016

PMJDY (Pradhan Mantri Jan Dhan Yojana) Withdrawal Limits Rs. 10,000 per Months

RBI/2016-17/165 DCM (Plg) No. 1450/10.27.00/2016-17 dated 29 November 2016

Rs. 8.45 Lakh Crores in SBNs Deposited with Banks

·    Withdrawals only Rs. 2.16 Lakh Cores

RBI Press Release dated 28th November 2016

Regional Offices of RBI to give Approval for Local Currency Chests

RBI/2016-17/162 - DCM (Plg) No.1438/10.27.00/2016-17 dated 28th November 2016

SBNs of 500 and 1000 Rupee Notes are “Soiled Currencies”, No Reckoning of these

RBI/2016-17/164 DCM (Plg) No. 1459/10.27.00/2016-17 dated 29th November 2016

Currency Chests to be Set Up at District Levels

RBI/2016-17/160 DCM (Plg) No.1430/10.27.00/2016-17 dated 27th November 2016

Incremental CRR Rises to 100% to Mop up Demonetisation Liquidity with Banks

·    Review on 9 Dec or Earlier

RBI Press Release dated 26th November 2016

RBI Window for Note Exchange without Account to Continue with 2000 Rupee Limit

RBI Press Release dated 25th November 2016

RBI Vaults can be used for Note Storage

RBI/2016-17/153 DCM (Plg) No.1383/10.27.00/2016-17 dated 24th November 2016

Pensioners and Army to Get Priority in Cash

RBI/2016-17/154 DCM (Plg) No.1384/10.27.00/2016-17 dated 24th November 2016

No More Note Exchange at Bank Counters

RBI/2016-17/155 DCM (Plg) No.1391/10.27.00/2016-17 dated 24th November 2016

RBI says that Using Old 500 Notes in “Unauthorised” Manner Illegal

RBI Press Release/22.11.2016

RBI Liberalises Secondary Money Markets – Rs.20,000 of Promissory Notes (Prepaid Payment Instruments) Allowed during Demonetisation Period of 21 Nov to 30 Dec

RBI Press Release/22.11.2016

Small Borrowers Allowed 60 more Days to Pay Up

· More Breaching space to NBFCs before Debts Turn NPAs

RBI/2016-17/143 - DBR.No.BP.BC.37/ 21.04.048/ 2016-17 dated November 21, 2016

Wedding Withdrawals upto 250K Allowed

· Payments for Wedding Expenses to Only those who do not have Bank Accounts!

RBI/2016-17/145 – DCM (Plg).No.1320/10.27.00/2016-17 dated November 21, 2016

Bank Withdrawal Limits from RBI

· Rs. 25K per Week for Farmers

RBI/2016-17/146 - DCM (Plg) No.1323/10.27.00/2016-17 dated November 21, 2016

Bank Withdrawal Limits – Some Questions and answers from RBI

ABS News Service/24.11.2016

Investment by Foreign Portfolio Investors (FPI) in Corporate Debt Securities

19-RBI/17.11.2016

Foreign Exchange Management (Insurance) Regulations, 2015

18-RBI/17.11.2016

RBI Clarifications on Hedging in ECB Framework

15-RBI/07.11.2016

ECB Allowed to Recognised Startups, Maturity period more than Three Years, Amount Limited to $3mn

13-RBI/27.10.2016

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 81.0297640 from 20 Oct 2016

12-RBI/27.10.2016

Green Signal to Interest Rate Futures from RBI

RBI/2016-17/104 – FMRD.DIRD.10/14.03.01/2016-17 dated 28th October 2016

FPIs Trading in Government Securities

RBI/2016-17/86 - FMRD.DIRD.08/14.03.007/ 2016-17 dated 20th October 2016

Gilt Account Holders for Online Trading

RBI/2016-17/87 - FMRD.DIRD.07/14.03.007/ 2016-17 dated 20th October 2016

Synopsis of Regulations for Receipts of Payments for Export and Import According to Countries and Special Sectors

11-RBI/20.10.2016

Banks Delegated Power to Approve Unpaid ECB Repayment Schedule and Conversion to Equity

10-RBI/20.10.2016

Rupee Trade should not Exceed Rs. 15 Lakhs per Transaction under RDA System

09-RBI/20.10.2016

RBI Permits 100% FDI in other Financial Services in Auto Route

08-RBI/20.10.2016

No RBI Approval to Foreign Venture Capital Investors in 10 Sectors

07-RBI/20.10.2016

Sectoral Caps in Foreign Investments

06-RBI/20.10.2016

Import Data Processing and Monitoring System (IDPMS) Online from 10 Oct 2016

·    IDPMS from Reporting and Monitoring of Import Transactions

05-RBI/06.10.2016

Export Credit of US$87mn to Zimbabwe for Renovation of Bulawayo Thermal Power Plant

03-RBI/29.09.2016

India Gives $86.31mn Line of Credit to Myanmar

02-RBI/14.07.2016

RBI Discontinues Submission of Bank Guarantee Reports for Service Imports with Immediate Effect

01-RBI/07.07.2016

ACU Euro Transactions Suspended Temporarily – Pending Review

81-RBI/30.06.2016

Only High Value ECB Cases with Empowered Committee in RBI

80-RBI/30.06.2016

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 83.5796140 from 23 June 2016

79-RBI/30.06.2016

European Option Contracts Allowed to Exporters and Importers

78-RBI/23.06.2016

Start Ups get Indian Facilities in Outside India Accounts

77-RBI/23.06.2016

India Gives $2bn to Bangladesh for Power, Transport, ICT and Health

76-RBI/16.06.2016

Startups Allowed to Open Forex Account Outside India

RBI Notification No. FEMA 10(R)/(1)/2016-RB dated 1st June 2016

Line of Credit US$24mn to Cote d’Ivoire

75-RBI/09.06.2016

EDPMS Integrates Export Monitoring for Payment Realization

74-RBI/26.05.2016

FEMA Compounding of Offences Cases to Uploaded on the Net Every Month

73-RBI/26.05.2016

ACU Minimum Scaled Down to $500

72-RBI/26.05.2016

Rupee Drawing Arrangement through XBRL System (Email)

71-RBI/19.05.2016

Money Transfer Agents to Report Online in XBRL System

70-RBI/19.05.2016

RBI Guidelines for Branch Office of Foreign Entities

69-RBI/12.05.2016

New Regulations an Exports of Goods and Services under FEMA

68-RBI/12.05.2016

New Forex Deposit Regulations 2016 for NRI and PIOs Notified

67-RBI/05.05.2016

RBI Streamlines Remittance Arrangement under Speed Remittance Procedure

66-RBI/28.04.2016

RBI to Start Monitoring of All Import Payments Soon through Banks

·  Working Group to Devise Electronic System with Customs Set Up

·  Bill of Entry to Contain Bank Code

·  Foreign Exchange Outgo will Go Up from India

·  Move to Curb Black Money

65-RBI/28.04.2016

Updated Remittance Rules for Assets Notified

·  Permission Required in All Cases

·  Limit of $1mn for NRI Remittances, Foreign National Employed in India

64-RBI/28.04.2016

Road Cleared for Foreign Investments in All Types of Real Estates in SEBI Registered Investment Vehicles including Farm Houses

63-RBI-21.04.2016

RBI Issues Modified Overseas Direct Investment (ODI) Reporting Forms

62-RBI/13.04.2016

Online Submission of Annual Performance Report of ODI Forms by AD Banks

61-RBI/13.04.2016

Rupee Bonds Maturity Cut to 3 Years

60-RBI/13.04.2016

No RBI Approval Required for Company Deposits in India by Non Resident

59-RBI/13.04.2016

Foreign Exchange Management (Deposit) Regulations, 2016

·  Deposit Regulations between Residents and NRI

Notification No. FEMA 5(R)/2016-RB dated 1st April 2016

RBI Issues New Forex Management (Remittance of Assets) Regulations, 2016

Notification No. FEMA 13 (R)/2016-RB dated 1st April 2016

RBI Rules for Branch Office of Non Residents in India

Notification No. FEMA 22(R)/RB-2016 dated 31st March 2016

RBI Enhances the Limit of Foreign Investment in Insurance Sector to 49% from 26%

58-RBI/31.03.2016

Trade Credit of Diamond LCs Permitted for 180 Days from the Date of Shipment – Power Delegated to AD Banks

57-RBI/31.03.2016

Infrastructure NBFCs, Corporates Allowed ECB

56-RBI/30.03.2016

Investment Limits for Foreign Portfolio Investors (FPI) for the Next 6 Months in Two Tranches Specified

·  Rs. 105bn from 4 April 2016

·  Rs. 100bn from 5 July 2016

·  Limits for State Development Loans (SDL) also Increased to Rs. 35bn

55-RBI/29.03.2016

Banks must Submit Diamond Dollar Account (DDA) Details to RBI on Quarterly Basis

54-RBI/23.03.2016

RBI Grants Export Declaration Form (EDF) Waiver for Export of Goods Free of Cost to Export Houses

53-RBI/03.03.2016

Regulatory Relaxation for Startups on Sweat Equity

52-RBI/11.02.2016

RBI Clarifies Payment System for Start-ups with Foreign Subsidiary

51-RBI/11.02.2016

Guidelines for Submission of Data under R-Returns (FETERS) Modified

·      Liberalised Remittance Scheme in FETERS

50-RBI/11.02.2016

Forex Purchase from Post Offices Allowed

49-RBI/04.02.2016

Debit Cards, ATM Cards or Any other Instrument used to Create a Financial Liability Defined as “Currency”

48-RBI/04.02.2016

New Rules for Retention of Forex – $2000 in Cash Allowed

47-RBI/04.02.2016

Forex Realization, Repatriation and Surrender Rules Notified

46-RBI/04.02.2016

New Currency Export and Import Rules Notified

45-RBI/04.02.2016

RBI Notifies Revised ‘Foreign Currency Account’ Regulations

44-RBI/04.02.2016

Transfer of Immovable Property Outside India by Resident Indians, New Rules Notified

43-RBI/04.02.2016

RBI Liberalises Procedure for Settlement of Export Import Transactions in Currencies not having a Direct Exchange Rate

42-RBI/04.02.2016

Rupee Value under Indo-USSR Deferred Payment Protocols Revises to Rs. 80.9604520 from 25 Jan 2016

41-RBI/04.02.2016

RBI Asks Banks to File FDI Transactions Online from 8 Feb 2016

40-RBI/01.02.2016

RBI Issues Revised Memo on Project Exports after Disbandment of Working Group Approval Procedure

39-RBI/14.01.2016

Export Credit of $109.942mn to Congo for Financing Power Project

38-RBI/17.12.2015

Export Credit of US$34.50mn to Congo for Development of Power Distribution Project

37-RBI/17.12.2015

Export Credit of $5.38mn to Fiji for Financing Upgradation of Sugar Industry

36-RBI/17.12.2015

Guidelines for Cross Currency Futures and Exchange Traded Options Contracts

35-RBI/10.12.2015

Export Credit of $55mn to Congo for Setting up of Greenfield 600 TDP Rotary Kiln Cement Plant Project

34-RBI/10.12.2015

Export Credit of $268.35mn to Tanzania for Lake Victoria Pipeline to Tabora, Igunga and Nzega

33-RBI/10.12.2015

Amendments to FEMA (Manner of Receipt and Payment) Regulations

RBI Notification No. FEMA.357/2015-RB dated 7th December 2015

New Liberalised ECB Policy Released

32-RBI/30.11.2015

RBI Permits Foreign Portfolio Investors to Acquire NCDs/Bonds under Default

31-RBI/26.11.2015

Civil Aviation Approval for Aircraft upto $50mn not Required

30-RBI/26.11.2015

Re-export Bill of Entry and Courier Bill of Entry Equivalent of Exchange Control Copy as Evidence of Import

29-RBI/26.11.2015

Amendments in FEMA – Real Estate “Investment Vehicles” Recognized in Security Transfer Rules

Notification No. FEMA. 355/2015-RB dated November 16, 2015 and Notification No. FEMA. 345/2015-RB dated November 16, 2015

RBI Relaxes Facilities to Residents for Hedging of Foreign Currency Borrowings

28-RBI/05.11.2015

RBI Extends Bulk or Single Sheet SOFTEX Reporting to All Software Exporters

27-RBI/05.11.2015

Indo-Myanmar Trade Switches to Normal Trade from Barter Trade with any Permitted Currency or ACU from 1 Dec 2015

26-RBI/05.11.2015

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 78.1657270 w.e.f. 28 Oct 2015

25-RBI/05.11.2015

NRIs can Subscribe National Pension System as an Investment under FEMA

24-RBI/29.10.2015

No More Law Firms of Foreign Origin in India, Orders Supreme Court

23-RBI/29.10.2015

Annual Return on Foreign Liabilities and Assets by LLPs – 21 Digit CIN

22-RBI/21.10.2015

ACU in Trade Restored after Iran Joins Mainstream, Rupee Trade thru ACU Returns

21-RBI/08.10.2015

RBI Allows FCY-INR Options Forward Contract by Resident Individuals upto $1mn on the basis of a Simple Declaration

20-RBI/08.10.2015

Foreign Portfolio Investors (FPI) Limit in Govt Securities Enhanced

19-RBI/06.10.2015

FEMA Proceeding will be Dropped in Black Money Declaration Cases

Assets Abroad can be Retained Subject to RBI Approval

18-RBI/30.09.2015

RBI Seeks Views on Merging ECB in General Bank Capital Policy Frame

RBI Press Release dated 23rd September 2015

Rupee Denominated Bonds upto $750mn Issue Outside India Recognised in ECB

17-RBI/29.09.2015

Online Payment Allowed for Imports upto $2k ($10k for Exports)

16-RBI/24.09.2015

Foreign Accounts of Ship/Airline Manning Agencies

15-RBI/24.09.2015

Export Credit of $26.24mn to Nicaragua for Building of Carlos Fonseca Substation

14-RBI/16.09.2015

RBI Allows Suppliers Credit for Capital Goods Import upto 5 Years, 3 Years for Raw Material

13-RBI/10.09.2015

RBI Simplifies Guidelines for Opening New Branches by Money Changers

12-RBI/10.09.2015

EEFC Statements to RBI from ADs Dropped

11-RBI/10.09.2015

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 81.3268160 w.e.f. 27 Aug 2015

10-RBI/03.09.2015

e-Biz Platform for Filing Foreign Currency Transfer of Shares (FCTRS) Returns under FDI Scheme

09-RBI/21.08.2015

Export Credit of $6.20mn to Myanma Foreign Trade Bank

08-RBI/13.08.2015

Export Credit of $18.08mn to Chad for Financing Veterinary Pharmaceutical manufacturing Plant

A.P. (DIR Series) Circular No.7 dated 6 August 2015

RBI Says No to FPI Investment in Short Term Security Deposits of <3 years

06-RBI/16.07.2015

Export Factoring Services with Recourse Basis Allowed

05-RBI/16.07.2015

5% Cap on Employees Stock Options to Non Residents Removed, FDI Policy to Provide Caps Norms

04-RBI/16.07.2015

FDI Prohibitions Applies only to Manufacturing Tobacco Products and not Wholesale Cash and Carry, Retail Trading which is Covered by Respective Sectoral Policy

02-RBI/03.07.2015

Export Declaration Form Formality not Required for Re-export of Unsold Rough Diamonds from Special Notified Zone without Entering DTA

01-RBI/02.07.2015

Banks Allowed to Borrow FC from International Institutions for General Banking Business without RBI Ok

112-RBI/25.06.2015

Export Credit of $100mn to Vietnam for Financing Supply of High Speed Patrol Vessel

111-Ntfn(RE)/18.06.2015

RBI Issues Format for eXtensible Business Reporting Language (XBRL) System to Replace Manual BEF

110-RBI/18.06.2015

Working Capital for Civil Aviation Sector will Continue Till 31 March 2016 under ECB

109-RBI-11.06.2015

ECB for Low Cost Affordable Housing Projects

108-RBI-11.06.2015

RBI Permits NRIs to Subscribe Chit Funds without Limit under Chit Fund Act

107-RBI-11.06.2015

Investment Remittance Ceiling Raised to $250,000 from $125,000

RBI Notifies New Guidelines under LRS

106-RBI/01.06.2015

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 77.6331180 w.e.f. 6 May 2015

105-RBI/28.05.2015

Export Credit of US$100mn to Mali for Financing Power Transmission Project

104-RBI/28.05.2015

Rupee Swap with Overseas Bank Permitted in ECB

103-RBI/21.05.2015

Rupee Transaction Limit in Vostro Account of Exchange House Raised to Rs. 15 Lakh

102-RBI/21.05.2015

SDF Declaration Not Required under Shipping Bill (Electronic Declaration) Regulations, 2011

46-Cus(NT)/18.05.2015
101-RBI/14.05.2015

Export Credit of US$1bn to Nepal for Infrastructure Development Projects

100-RBI/14.05.2015

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 88.3042 w.e.f. 30 April 2015

99-RBI/14.05.2015

Account Holder Not Required for Closure of FCNR(B) Deposits

Form A2 is only for Buying Forex and Not for Remittance of Forex

98-RBI/14.05.2015

Merchanting Trade Movement thru Indian to Nepal and Bhutan Allowed

97-RBI/30.04.2015

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 85.4813 w.e.f. 16 April 2015

96-RBI/30.04.2015

Banks Must Pay Rs. 9,654 for Virtual Private Network (VPN) Accounts in e-Biz Portal to National Informatics Centre Services Inc. (NICSI)

95-RBI/17.04.2015

49% FDI in Insurance Sector Permitted

A. P. (DIR Series) Circular No.94 dated 8 April, 2015

RBI Withdraws Project Export Limit of US$20mn for Buyer’s Credit on Deferred Payment Terms and Turn Key Projects from India

93-RBI/01.04.2015

Foreign Exchange Management (International Financial Services Centre) Regulations 2015

Regulations and Guidelines on IFSC

92-RBI/31.03.2015

Foreign Portfolio Investors (FPIs) Limit Increased to US$15mn per Exchange in ETCD Market

91-RBI/31.03.2015

Revised Guidelines to Participation of Residents in the Exchange Traded Currency Derivatives (ETCD) Market

90-RBI/31.03.2015

Export Credit of US$198.96mn to Myanmar for Financing Irrigation Projects

86-RBI/23.03.2015

Stat 5 and Stat 8 Returns to Discontinue from March 2015

85-RBI/18.03.2015

Macau and Hong Kong Citizens Banned from Acquiring Property in India

83-RBI/11.03.2015

Export Credit of US$34.54mn to Niger for Setting up of Solar Electrification and Solar Photovoltaic System

82-RBI/09.03.2015

Ceiling on Libor Import Credits for Infrastructure to Continue Till 31 March 2015

81-RBI/03.03.2015

Libor Plus Ceiling at 350bps for ECB to Continue Till 31 March 2015

80-RBI/03.03.2015

Guidelines on Gold Import

·   Star Trading Houses can Import Gold on DP Basis with Free Sale to all Persons

·   Banks Allowed to Import on Consignment

·   Gold Accepted as Collateral Basis

·   Gold Coins Import Allowed but No Retail Sale by Banks

79-RBI/18.02.2015

Fresh FCY-INR Swaps Allowed after Expiry of Cancelled Swaps

78-RBI/13.02.2015

FDI Reporting on e-Biz Platform

77-RBI/12.02.2015

A-1 Form for Import Payments Dispensed, Remittances Allowed Freely Subject to Routine Checks

76-RBI/12.02.2015

Export Credit of US$22.50mn to Gambia for Electrification Expansion Project

75-RBI/11.02.2015

Advance Payment against Export Orders under RBI Scan

74-RBI/09.02.2015

FPI in Commercial Paper not Required

73-RBI/06.02.2015

Investment in Govt Securities by FPIs Permitted

72-RBI/05.02.2015

FII by Foreign Portfolio Investors – Minimum Residual Maturity of Three Years in Debt Market Required

71-RBI/03.02.2015

100% FDI in Automatic Route Medical Devices Permitted for Brownfield Cases also

Special Carve out in Pharma Policy Introduced

70-RBI/02.02.2015

Export Credit of US$62.95mn to Senegal

69-RBI/02.02.2015

Money Laundering Update

68-RBI/28.01.2015

Cross Border Inward Remittance under Money Transfer Services Scheme (MTSS)

67-RBI/28.01.2015

Export Credit of US$100mn to Nigeria for Three Power Sector Projects

66-RBI/27.01.2015

Export Credit of US$22.50mn to Gambia

65-RBI/27.01.2015

ECB Amendment Powers Delegated to Banks

64-RBI/23.01.2015

Nepal Travellers Allowed to Carry Rs. 25K of High Denomination Currency of 500 and 1000 Notes

63-RBI/22.01.2015

Remittance of Salary Allowed to Group Co in India

62-RBI/22.01.2015

Depository Receipts Scheme 2014 Allows Security Transfer to Foreign Depositories

61-RBI/22.01.2015

100% FDI Permitted for Construction Development under Automatic Route

60-RBI/22.01.2015

Proprietary Firms Allowed Overseas Direct Investment

59-RBI/22.01.2015

RBI Issues New Format in OTC Market for Declaration for Utilisation of Past Performance Limits and Details of Export-Import Turnover

58-RBI/14.01.2015

Export Credit of US$144mn to Liberia for Financing Power Transmission and Distribution Project

57-RBI/06.01.2015

Non-resident Subsidiaries of MNCs can also Hedge Foreign Currency Exposure thru Permissible Derivative Contracts Executed with Authorised Bank in India

56-RBI/06.01.2015

Guidelines for Security Charge on ECB Borrowings

55-RBI/01.01.2015

Guidelines for Security Charge for Overseas Investment

54-RBI/29.12.2014

Export Credit of US$82mn to Congo for Completion of Ketende Hydro-electric Project

53-RBI/29.12.2014

Export Credit of US$120.05mn to Rwanda for Modern Irrigated Agri Project

52-RBI/29.12.2014

Foreign Exchange Management (Deposit) Regulations, 2000 Exemptions Amended

51-RBI/17.12.2014

Vostro Account Correspondence only with Regional Offices of RBI

50-RBI/16.12.2014

Money Transfer Statements only to Regional Offices

49-RBI/16.12.2014

RBI Permits Alternative Investment Funds (AIF) Registered with SEBI to Invest Overseas

48-RBI/09.12.2014

RBI Issues Guidelines on New FDI Rules

Railway Infrastructure Sector

Defence Sector

 

47-RBI/08.12.2014

46-RBI/08.12.2014

RBI Notifies Consolidated FDI Policy

45-RBI/08.12.2014

Export Credit of $25mn to Niger for Financing Potable Water for Semi Urban and Rural Communities

44-RBI/04.12.2014

Income Tax Clearance Certificate for Asset Remittance

43-RBI/02.12.2014

Non Tariff Barrier on Gold Import for Compulsory Export Scheme of 14 Aug 2013 Dropped, Official Imports to Rise

42-RBI/28.11.2014

Indian Companies are not Allowed to Issue Any Guarantee by their Overseas Subsidiary for Borrowings

41-RBI/28.11.2014

Full Fledged Money Changers can Release Full Amount of BTQ Entitlement Cash to Haj Pilgrims

40-RBI/21.11.2014

RBI Allows Parking of ECB Proceeds in Term Deposits for Six Months Pending Utilisation for Permitted End Uses

39-RBI/21.11.2014

Transaction of Immovable Property – Tax Applicable as per Indian Law

38-RBI/20.11.2014

Export Realisation Period of Nine Months Set for All Export Units

37-RBI/20.11.2014

More Powers to RBI Junior Officers to Compound FEMA Offences

36-RBI/16.10.2014

Remittances through Exchange Houses to PM Relief Fund Allowed

35-RBI/09.10.2014

Importers Allowed to Book Forward Contracts upto 100% on Past Performance Route

34-RBI/30.09.2014

Export Credit of $52mn to Togo for Setting up of 161 kV Power Transmission Line

33-RBI/25.09.2014

Export Credit of US$30mn to Togo for Rural Electrification Project

32-RBI/24.09.2014

Rules for Conversion of Outstandings to Equity Shares by FDI Eased

31-RBI/17.09.2014

Gold Import Reporting through XBRL System

30-RBI/15.09.2014

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 80.580297 w.e.f. 9 Sept 2014

29-RBI/12.09.2014

Foreign Portfolio Investors (FPIs) Allowed to Interest Hedging for Full Maturity Duration

28-RBI/08.09.2014

Export Credit of US$18mn to Mauritius

27-RBI/05.09.2014

Export Credit of US$26.50mn to Honduras

26-RBI/05.09.2014

RBI Eases Rules for ECB Landers to Extend Loans in Rupees

25-RBI/03.09.2014

Export Credit of US$89.90mn to Congo for Transport Development

24-RBI/02.09.2014

RBI Shifts Immovable Property Div and Two other Div to Delhi from Mumbai

23-RBI/02.09.2014

FIIs Allowed to Buy Securities Outside Stock Exchanges

22-RBI/28.08.2014

RBI Delegates Power to Bank on Maturity Period Mismatch in New ECB

21-RBI/27.08.2014

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 83.137417 w.e.f. 12 Aug 2014

20-RBI/12.08.2014

Resident Individual can Buy Property Outside India – Reporting Procedure

19-RBI/11.08.2014

Reserve Bank gives Green Signal to MB Shah Black Money Commission

All Financial Agencies Asked to Co-operate with the Investigation Team

18-RBI/30.07.2014

Libor Plus 350bps Ceiling for ECB to Continue Till 31 Dec 2014

17-RBI/28.07.2014

Ceiling on Libor Import Credits for Infrastructure to Continue Till 31 Dec 2014

16-RBI/28.07.2014

RBI Starts New EDP Monitoring System for Exports from 1 March 2014, Simplified Reporting under FETERS Prescribed

15-RBI/28.07.2014

RBI Clarifies Due Diligence and Adherence to KYC Norms, Prepaid Foreign Cards are a Form of Foreign Currency

14-RBI/25.07.2014

FII Investment Limit in Govt Securities Enhanced by $5mn

13-RBI/23.07.2014

Export Credit of US$41.96mn to Senegal for Setting up of Modern Abattoir and Cold Storage etc.

12-RBI/23.07.2014

Project Exports Liberalised, RBI Withdraws from Approval Committee

11-RBI/22.07.2014

E-KYC Service is a Valid Process for KYC Verification under PML Rules

10-RBI/21.07.2014

RBI Recognises E-Aadhaar as an Officially Valid Document under Money Laundering Rules

E-KYC Service is a Valid Process for KYC Verification under PML Rules

09-RBI/21.07.2014

Applications of Indian Agent for Approval under Money Transfer Service Scheme to be Decided by RBI Regional Office

08-RBI/18.07.2014

RBI Regional Office to Decide Bank Applications for Rupee Drawing Arrangement in Non-Resident Exchange House

07-RBI/18.07.2014

FDI Reporting Switch Over to NIC 2008 Activity Code from NIC 1987 Ver

Uniform State and District Code List for Reporting in Form FCGPR

06-RBI/18.07.2014

Forex Remittance Ceiling of $125,000 can be used for Acquisition of Immovable Property Outside India, says RBI

05-RBI/17.07.2014

Trade Credit of Diamond LCs Revised to Maximum 180 Days from 90 Days

02-RBI/07.07.2014

RBI Approval only for Large Size Overseas Direct Investment above USD 1mn Cases

01-RBI/03.07.2014

RBI will not Issue Instructions on Tax Deduction at Source on Remittances to Non Residents – Approach CBDT for Clarification

151-RBI/30.06.2014

Money Transfer Agents to Keep Records for only Five Years

150-RBI/25.06.2014

Money Changers to Keep Records only for Five Years

149-RBI/25.06.2014

Guidelines for Foreign Portfolio Investors in the ETCD Market – Currency Futures

148-RBI/20.06.2014

Guidelines for Exchange Traded Currency Derivatives (ETCD) Market

147-RBI/20.06.2014

Outgoing and Incoming Travellers Allowed to Carry 25k in Rupees

146-RBI/19.06.2014

New Format for Annual Return on Foreign Liabilities and Assets Reporting by Indian Companies

145-RBI/18.06.2014

Cross Border Inward Remittance under Money Transfer Service Scheme

144-RBI/16.06.2014

Know Your Customer (KYC) Norms under Prevention of Money Laundering Act

143-RBI/16.06.2014

RBI Approval for Transferring Assets of LO/BO/PO to Authorised Banks

142-RBI/12.06.2014

Pledge of Shares for Business Purposes in Favour of NBFCs

141-RBI/06.06.2014

Foreign Banks Allowed to Invest in Corporate Debt

140-RBI/06.06.2014

Forex Remittance Ceiling Raised to $125000 from $75000 per Year

138-RBI/03.06.2014

FDI in Insurance Sectors Permitted

139-RBI/05.06.2014

Export Credit of $46mn to Mauritius for Defence Equipments

137-RBI/03.06.2014

RBI Tightens Export Credit Refinance, FIEO Protests

RBI Press Release/03.06.2014

Banks Given Powers to Convert Inoperative Forex Accounts to Rupees

136-RBI/28.05.2014

Importers Allowed to Book Forward Contracts upto 50% on Past Performance Route

135-RBI/27.05.2014

Rupee Value Under Indo-USSR Deferred Payment Protocols Revised to Rs. 80.603600 w.e.f. 21 May 2014

134-RBI/26.05.2014

Trading Houses can Import Gold under 20:80 Scheme

·   Customs Verification Must

·   Past Import Necessary for Eligibility

133-RBI/21.05.2014

Exporters Allowed Long Term Export Advance of USD 100mn for Supply Contracts

132-RBI/21.05.2014

Limited Liability Partnership (LLP) as Indian Party Notified

131-RBI/19.05.2014

Banks given Powers to Approve ECB from Foreign Equity Holders

130-RBI/16.05.2014

Indian Companies are not Permitted to Raise ECB from Overseas Branches of Indian Banks for Repayment of Rupee Loans

129-RBI/09.05.2014

Banks Delegated Powers to Reschedule ECB

128-RBI/09.05.2014

Equity Transfer Reporting

127-RBI/02.05.2014

All Transactions above Rs. 5 lakhs Across Border in FIU net

125 and 126-RBI-25.04.2014

RBI Says No Non-compete Clause in Pharma Sector for 100% FDI

124-RBI/21.04.2014

FDI in Limited Liability Partnership (LLP) Allowed

123-RBI/16.04.2014

Ceiling on Libor Import Credits for Infrastructure to Continue Till 30 June 2014

122-RBI/10.04.2014

Libor Plus 350bps Ceiling for ECB will Continue Till 30 June 2014

121-RBI/10.04.2014

Foreign Inward Remittances Received under RDA to be Transferred to the KYC Compliant Beneficiary Accounts thru Electronic Mode

120-RBI/10.04.2014

Forex Forward upto US$250,000 on Self Declaration Allowed

119-RBI/07.04.2014

Tapering Allowed for Transition Period Modalities for Short Term T-Bill

118-RBI/07.04.2014

More Powers to RBI Junior Officers to Compound FEMA Offences

117-RBI/04.04.2014

Procedure for Advance Remittances without BG or Standby LC for Rough Diamonds Imports

116-RBI/01.04.2014

Reserve Bank Opens Merchanting Trade, Import Payment can Precede Export, No Value Addition Condition, Import Credit Available

·   Close Transaction in Nine Months, $200,000 per Transaction

·   Financial Intermediaries not Allowed

·   Interface with SEZ not Worked out, Customs and Service Tax not Specified

·   FIEO Expects $5bn Merchanting Trade

115-RBI/28.03.2014

Exporters Allowed to Hedge upto 75% of Past Earning in Forward Cover

114-RBI/27.03.2014

Working Capital for Civil Aviation Sector will Continue Till 31 March 2015 under ECB

113-RBI/26.03.2014

RBIs New Portfolio Investment Scheme Merges FII and QFI into RFPI

112-RBI/25.03.2014

Transaction Limit Raised to Rs. 5 Lakhs in Rupee Trade

111-RBI/13.03.2014

Money Transfer Only to KYC Compliant Bank Account, Orders RBI

110-RBI/04.03.2014

New Shipping Bill Exchange Control Thru EDI from 1 March to Run in Parallel with Old System

109-RBI/28.02.2014

Export Credit of US$10mn to Nicaragua

108-RBI/24.02.2014

RBI Defines FDI into SSI and MSE

107-RBI/20.02.2014

NRO Accounts Transaction Reporting Liberalised

106-RBI/18.02.2014

RBI Issues Modified Format of ECB-2 Return – w.e.f. April 2014

105-RBI/17.02.2014

RBI Issues Revised Form FC-GPR for FDI Reporting

102-RBI/11.02.2014

RBI Develops Single Platform of Export Data Processing and Monitoring System (EDPMS) for Software Exports Transactions

101-RBI/04.02.2014

Third Party Payments for Imports – Value Limit of US$100,000 Withdrawn

100-RBI/04.02.2014

SEBI Registered FIIs Long Term Investors Sub-Limit Enhanced to USD 10bn

99-RBI/29.01.2014

Export Credit of US$19.50mn to Vietnam

98-RBI/27.01.2014

RBI Rationalises KYC Norms for Corporates for Forex Transactions – Requires List of Officials with Names and Signatures Authorized by MD/CFO

97-RBI/20.01.2014

Currency Hedging by FIIs through Banks

96-RBI/20.01.2014

RBI Liberalises Merchanting Trade – Imports may Precede Exports

95-RBI/17.01.2014

Exchange Rate on Agreement Date to Apply for Conversion of ECB and Lumpsum Fee into Equity

94-RBI/16.01.2014

Hong Kong and Macau Join Pak and China – Special RBI Permission Required to Establish Office in India

93-RBI/15.01.2014

RBI Returns to Free Foreign Exchange Trading for Contracted Exposures upto One Year

92-RBI/13.01.2014

Export Credit of US$125mn to Sudan for Financing of Mashkour Sugar Project

91-RBI/13.01.2014

RBI Clarification on Capital Account Transactions by Resident Outside India under Sec 6(4) of FEMA, 1999

90-RBI/09.01.2014

Export Credit of US$42.61mn to Benin for Financing Upgradation of Water Supply Schemes

89-RBI/09.01.2014

RBI Expands Scope of Rupee Drawing Arrangements - Permitted Transactions Included

88-RBI/09.01.2014

RBI Allows NRIs to Operate Resident Bank Account on “Either or Survivor” Basis

87-RBI/09.01.2014

Pricing Guidelines for FDI Instruments with Optionality Clauses

86-RBI/09.01.2014

MRO Operations under Airports Included in Infra Lending

85-RBI/06.01.2014

Indian Companies to Issue Non-Convertible Debentures – RBI Clarification

84-RBI/06.01.2014

Rollover of Guarantees Not to be Treated as Fresh Financial Commitments

83-RBI/03.01.2014

RBI Eases Gold Dore Import Norms, Allows Refineries to Import 15% of their Annual Requirements in Fist Two Months

82-RBI/31.12.2013

Borrowing and Lending in Rupees - Investments by Persons Resident Outside India in the Tax Free, Secured, Redeemable, Non-convertible Bonds

81-RBI/24.12.2013

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 83.564155 w.e.f. 12 Dec ’13

80-RBI/16.12.2013

Export Credit of US$30.94mn to Laos for Development of Irrigation Systems

79-RBI/06.12.2013

RBI Permits ECB by Holding Companies for Special Purpose Vehicles in the Infrastructure Projects

78-RBI/03.12.2013

Forex Borrowing Relaxation Deadline for Banks Extended to 31 Dec for Transactions in Process

77-RBI/22.11.2013

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to 86.513657 w.e.f. 18 Nov’13

76-RBI/19.11.2013

Online Submission of Data on Issuance of Guarantee/LoC by ADs thru Email in XBRL Platform Only

75-RBI/19.11.2013

Credit Enhanced Bonds Limit Raised to $5bn

74-RBI/11.11.2013

No Domestic Diversion of Advance Authorisation for Duty Free Gold for Export

73-RBI/11.11.2013

File FC-TRS Forms for Transfer of Shares from Residents to Non Residents without NOCs, says RBI

72-RBI/11.11.2013

De Beers and BHP Billiton Name Changed to De Beers Global and Dominion Diamond

71-RBI/08.11.2013

Third Party Payments for Exports Allowed Subject to Tripartite LC

Ditto for Imports with Val Limit $100,000

70-RBI/08.11.2013

Unlisted Companies Allowed to Raise Capital Abroad for a Period of Two Years without Prior Listing in India

69-RBI/08.11.2013

Group Company Definition Notified under FDI Policy

68-RBI/01.11.2013

Export Credit of US$47mn to Mozambique for Financing Construction of 1200 Houses

67-RBI/31.10.2013

Export Credit of US$149.72mn to Mozambique for Financing Rehabilitation of Road

66-RBI/31.10.2013

Export Credit of US$19.72mn to Mozambique for Financing of Rural Drinking Project Extension

65-RBI/31.10.2013

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 83.819978 w.e.f. 17 Oct 2013

64-RBI/22.10.2013

ACU Scope Restricted to Trade, Payments on Investments and Capital Account between ACU Members only in USD

63-RBI/18.10.2013

RBI Issues Format for Submitting of EO Data

62-RBI/14.10.2013

RBI Raises Ceiling for FC Borrowing to $10mn with Concessional Swap

61-RBI/10.10.2013

Bank Wise Outstanding Statement (XOS) Online to RBI, No Branch Wise Statement Please

60-RBI/01.10.2013

No Breach of Ceiling to ECB Borrowers

59-RBI/30.09.2013

Libor Plus 350bps Ceiling for ECB Extended Till 31 March 2014

58-RBI/30.09.2013

ECB for Multiple Rounds of PSU Disinvestment under Govt. Disinvestment Programme

57-RBI/30.09.2013

Ceiling on LIBOR Import Credits for Infrastructure to Continue Till 31 March, 2014

56-RBI/30.09.2013

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 86.903352 from 13 Sept 2013

55-RBI/26.09.2013

Swap Credit Maturity Lowered to One Year from Three Years

54-RBI/25.09.2013

RBI Increases Capital Goods Import Credit to Five Years

Import Credit Contract Extended to 15 Months from Six Months

53-RBI/24.09.2013

Export Credit of US$22.50mn to Burkina Faso

52-RBI/24.09.2013

Exporter Undertaking Project and Service Exports (PEM) Contracts Abroad should Submit Form DPX-3 also to Approving Authority within 30 days of Entering into Contract

51-RBI/20.09.2013

RBI Discontinues the Practice of Forwarding Statement in Form ORA to Regional Office by Authorized Dealers

50-RBI/20.09.2013

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 90.052266 from 4 Sept 2013

49-RBI/20.09.2013

RBI Rajan Ups Repo by 0.25 percent to 7.5 percent to Contain Inflation, Tight Money Policy Continues

RBI Press Release dated 20th September 2013

Infrastructure to Include Five More Segments for ECB

48-RBI/18.09.2013

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 92.985396 w.e.f. 2 Sept 2013

47-RBI/17.09.2013

No Forex Trading on Overseas Websites

46-RBI/17.09.2013

Currency of Rs. 10,000 Allowed in Departure Area after Customs and before Boarding

45-RBI/16.09.2013

RBI Defines Control in FDI Policy, HP and KTK Show Green to FDI in Retail

44-RBI/13.09.2013

New Exchange Control Form EDF must for All Goods Export from 1 Oct

·      EDF Replaces GR/PP Procedure

·      EDF Download from RBI Website Attested by Customs and Submission to Bank

43-RBI/13.09.2013

Guidelines for Downstream Investment Tightened

42-RBI/12.09.2013

Corporate Guarantees for Overseas Subsidiaries Tightened

41-RBI/10.09.2013

RBI Doubles Forex Borrowing Limit of Banks

40-RBI/10.09.2013

Rupee Limit for Resident Travellers Raised to 10k from 7.5k

39-RBI/06.09.2013

Non Residents can Acquire Shares through Stock Exchange – RBI Woos Investors

38-RBI/06.09.2013

Bank Guarantee Must for Opening Escrow Account on behalf of Non Resident for FDI Transactions

37-RBI/05.09.2013

Hedge Limit for Exporters Raised to 50% from 25% of Annual Bookings

36-RBI/04.09.2013

Cross Border Inward Remittance under Money Transfer Service Scheme

FATF Statement dated 21 June 2013

35-RBI/04.09.2013

FATF Updated Statement on ‘Improving Global AML/CFT Compliance: On-going Process’

34-RBI/04.09.2013

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 86.857663 w.e.f. 23 Aug 2013

33-RBI/04.09.2013

Limit of $100,000 on Studies Outside India

RBI Details Restrictions on Remittances on Personal Account

32-RBI/04.09.2013

External Commercial Borrowings (ECB) from the Foreign Equity Holder

31-RBI/04.09.2013

RBI Clarifies Cut off Dates and Scope of Restrictions on Overseas Investment Restrictions to 100 percent of Net Owned Fund

30-RBI/04.09.2013

Interest Rates on NRE Deposits Deregulated, Interest Rate Freed

RPCD.CO.RRB.BC.No.24/ 03.05.33.2013-14 dated 19.08.2013