RBI Circulars

 

RBI Delegates some Powers to Regional Offices on Compounding Offences under FEMA

06-RBI/17.11.2020

RBI Discontinues 17 Returns/Reports under FEMA, 1999

05-RBI/13.11.2020

Export Credit of US$20.10 mn to Nicaragua for Reconstruction of Aldo Chavarria Hospital

04-RBI/05.11.2020

Payment System Operators Allowed to Set Up Self Regulatory Organisation

RBI Notification RBI/2020-21/58 dated 22 October 2020

No More Proprietor QR Codes from April 2022 only UPI and Bharat QRs

RBI Notification RBI/2020-21/59 dated 22 October 2020

Reserve Bank Defines Forex Derivative Contract

RBI Notification 23 October 2020

Authorised Dealers have the Power to List or Delist from Caution List of Dubious Exporters, Signals 'the end' to Auto Listing

A.P. (DIR Series) Circular No.03 dated October 09, 2020

Export Credit of USD 310mn to Zimbabwe for Repowering of Hwange Thermal Power Station

A.P. (DIR Series) Circular No.02 dated October 08, 2020

Interest Subvention Scheme for MSMEs, 2018

·   Salient Features and Operational Guidelines for Implementation of the Scheme released by MSMEs Ministry

DOR (PCB).BPD.Cir No.3/13.05.001/2020-21 dated October 7, 2020

Exim Bank Release $215mn Credit to Malawi to Finance Imports from India

RBI Circular No. 01 dated 17th September 2020

RBI takes Powers to Allow Import and Export of Indian Currency, New Regulation 9 Inserted in FEMA 6, 29 Dec 2015

Notification No. FEMA 6 (R)/(2)/2020-RB dated August 11, 2020

New Definition of Micro, Small and Medium Enterprises – RBI Clarifications

[RBI/2020-2021/26 - FIDD.MSME & NFS.BC.No.4/06.02.31/2020-21 dated 21 August 2020]

Credit flow to Micro, Small and Medium Enterprises Sector

·   Classification of enterprises

·   Composite criteria of investment and turnover for classification

·   Calculation of investment in plant and machinery or equipment

·   Calculation of turnover

RBI/2020-2021/10 - FIDD.MSME & NFS.BC.No.3/06.02.31/2020-21 dated July 2, 2020

Credit Card Routine Timeline Extended to 30 Sept 2020

RBI/2019-20/251 - DPSS.CO.PD.No. 1897/02.14.003/2019-20 dated 4 June 2020

Agro Interest Subvention Repayment Incentive to continue upto 31 Aug 2020 for Small Farmers

RBI/2019-20/250 F- IDD.CO.FSD.BC.No. 25/05.02.001/2019-20 dated 4 June 2020

Pre-shipment and Post-shipment Export Credit Sanctioned by Banks from One Year to 15 Months, for Disbursements made upto 31 July 2020

DOR.DIR.BC.No. 73/04.02.002/2019-20 dated 23rd May 2020

Import of Goods and Services – Time Limit for Settlement of Import payment Extended to 12 months from Six Months

33-RBI/22.05.2020

RBI Cuts Interest rates, Extends Credit Periods for Stressed Industries

RBI Press Release dated May 22 2020

RBI Extends EMI Moratorium Period by Three months, Cuts Repo Rate Cut by 0.4% – Know the Impact

ABS News Service/22.05.2020

RBI Cuts Repo Rate by 0.4 percent

·    Financial Market may Turn Volatile as more Liquidity Released in Market

·    Inflation under Control, Food Supply Good

RBI Press Release dated May 22 2020

Directions on Hedging of Foreign Exchange Risk by Residents and Non-Residents to be Implemented only from 1 Sept 2020 and not from 1 June 2020

31-RBI/18.05.2020

Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit Extended by One More Year to 31 March 2021

RBI/2019-20/231 - DOR.Dir.BC.No. 69/04.02.001/ 2019-20 dated 13 May 2020

RBI to Release Rs.50,000 crs in Market to Mutual Funds by Repo Operations with 90 days Tenor in 27 April to 11 May 2020 Period

RBI Circular dated 27th April 2020

Ministry of Finance Issues FEMA Notification on Prior Govt Clearance for Investment from land Bordering Countries including China

[Not clear whether Afghanistan is included in Hit List. The papers are saying Afghanistan is included, notification is mysteriously silent on this.

There is a narrow strip of 105 km in POK in Gilgit Baltistan which borders Afghanistan. The Afghanis do not recognise this as it is based on the British delineated Durand line.

Measure is not good for India. Other investors like Facebook will raise their price of investment since there is less competition. – Editor]

S.O. 1278(E) dated 22.04.2020

RBI Extends Credit to States by 60% over 31 March 2020

RBI Press Release: 2019-2020/2233 dated 17th April 2020

Corporate Bonds Limits Hiked to 5.41 lakh crs in Oct 2020-Mar 2021 from Rs. 4.29 lakh crs in Previous Half

30-RBI/15.04.2020

RBI Issues Final directions for Hedging of Foreign Exchange Risk by Residents and Non-Residents

·   “Ease of Access” to All for Forex Derivatives

·   New Regulations to Come into effect from 1 June 2020

·   Firm Returns Withdrawn

29-RBI/07.04.2020

Remittances from Non-Residents to PM-CARES Fund

28-RBI/03.04.2020

RBI Extends Realisation and Repatriation of Proceed of Export of Goods, Software or Services to 15 months from 9 months

27-RBI/01.04.2020

Export Credit of USD 161.36mn to Burundi for Construction of Parliament Building (Gitega) and Ministerial Building

26-RBI/01.04.2020

RBI Invites Non-Residents to Invest in Government Securities without “Restriction” on Fully Accessible Route (FAR)

·   No Investment Limit

·   FPIs and OCIs also Allowed along with NRIs

·   Investment through Depositories

·  FEMA Rules to Operate

25-RBI/30.03.2020

FPI Investment Limit in Corporate Bond Increased to 15% i.e. by Rs. 4.49 lakh crores

·   G-Sec and SDLs (State Development Loans) Hiked, Limit to be Advised Shortly

24-RBI/30.03.2020

Non-deliverable Derivative Contract in Foreign Exchange with Rupee Allowed to Non Residents

23-RBI/27.03.2020

RBI Governor’s Statement on Seventh Bi-monthly Monetary Policy Statement, 2019-20, March 27, 2020

RBI Press Release/27.03.2020

Japanese Yen Included in ACU along with Dollar and Euro for Settling Payment among the ACU Member Countries

22-RBI/17.03.2020

Export Credit of USD11.13 mn to Suriname for Rehabilitation and Upgradation of De Melkcentrale N.V. Milk Processing Plant

21-RBI/20.02.2020

RBI Issues Revised Guidelines on Merchanting Trade Transactions (MTT)

20-RBI/23.01.2020

Investment thru Voluntary Retention Route (VRR) Cap Raised to Rs. 150K crs from Rs. 75K crs

19-RBI/23.01.2020

Short Term Investment Limit for FPI Increased to 30% from 20%

18-RBI/23.01.2020

RBI Allows Rupee Derivatives Trading in International Financial Services Centres (IFSC)

17-RBI/20.01.2020

Hedging of Commodity Price Risk and Freight Risk in Overseas Markets

16-RBI/15.01.2020

Customer and Inter-bank Transactions beyond Onshore Market Hours

15-RBI/06.01.2020

Cuba Gets USD 75mn Credit for Installation of 75MW Photovoltaic Solar Parks

14-RBI/01.01.2020

Zimbabwe Gets USD 23mn Credit for Bulawayo Thermal Power Plant Project

13-RBI/19.12.2019

Zimbabwe Gets USD 19.5 mn Credit for Deka Pumping Station and River Intake System Upgradation

12-RBI/19.12.2019

Bangladesh Gets USD 500 mn Credit for Defence Purchases from India

·      Condition Requires Purchase of 75% of Credit from India thru Exim Bank

11-RBI/05.12.2019

Bharat Diamond Bourse Listed as Special Notified Zone for Exports without EDF

10-RBI/22.11.2019

Special NRI Rupee Account (SNRR) Allowed in India to Non Residents

·    Export Import Invoicing in INR, Trade Credit ECB and Administrative Expenses in Rupees Allowed

09-RBI/22.11.2019

FEMA Deposit Regulations Amended

Notification No. FEMA 5 (R)/(3)/2019-RB dated November 13, 2019

Receipt and Payment under FEMA Regulations Amended

Notification No. FEMA 14(R)/(1)/2019-RB dated November 13, 2019

Payment Procedures for Non Debt Investment Regulations Notified

Notification No. FEMA. 395/2019-RB dated 17.10.2019

Export Credit of US$800 mn to Maldives for Development Projects

07-RBI/05.09.2019

Commercial Paper Included in Company Deposit Definition

06-RBI/16.08.2019

Export Credit of $38 mn to Mozambique for Construction of 1600 Borewells with Hand Pumps and 8 Small Water Systems

05-RBI/01.08.2019

ECB for Working Capital Allowed with Condition of 10 years and above

·   NBFCs also Allowed to Borrow

·   Seven Year Maturity Window also Open for Capex

04-RBI/30.07.2019

Export Credit of $10mn to Seychelles for Procurement of Goods and Projects

03-RBI/25.07.2019

Foreign Liabilities and Assets Reporting Annual Return Revised

RBI/2018-19/226 - A.P. (DIR Series) Circular No. 37 dated June 28, 2019

Export Credit of US$95mn to Mozambique for Railway Rolling Stock including Locomotives, Coaches and Wagons

36-RBI/13.06.2019

Export Credit of US$150mn to Ghana for Financing Strengthening of Agriculture Mechanization Services Centers in Ghana

35-RBI/13.06.2019

New Window under VRR (Voluntary Retention Route) Allowed to FPI Debt Investors

34-RBI/24.05.2019

FPI Investment in Municipal Bonds Permitted

33-RBI/25.04.2019

Opening of Foreign Currency Accounts by Re-insurance and Composite Insurance Brokers

29-RBI Circular/11.04.2019

Special Non-Resident Rupee (SNRR) Account for Hindus from Bangladesh and Pakistan in India on Long Term Visa

28-RBI/28.03.2019

RBI Relaxes Account Opening for BO/LO/PO in India in Defense, Telecom, I&B and Security, Govt Approval Enough

27-RBI/28.03.2019

Follow Master Circulars on Forex Lending Borrowings, Guarantees and Forex Dealings, Says RBI

RBI/FED/2018-19/67 - FED Master Direction No.5/2018-19 dated March 26, 2019

FPI Investment in G-secs Limits Revised for 2019-20

26-RBI/27.03.2019

Form A2 of FETERS Revised for Import of Services

·   Additional Field for Capturing Country Code of Ultimate Exporter/Importer in BoP File Format under FETERS Incorporated

25-RBI/20.03.2019

RBI Allows Export of 200 and 500 Rupee Currency Notes also subject to 25K Limit to Nepal and Bhutan

24-RBI/20.03.2019

Trade Credit under Auto Route Allowed, RBI Amends Policy

23-RBI/13.03.2019

Hedging of Exchange Rate Risk by Foreign Portfolio Investors (FPIs) under Voluntary Retention Route - Guidelines

22-RBI/01.03.2019

Voluntary Retention Route (VRR) for FPI Investments Scheme Released

21-RBI/01.03.2019

No Merging of FCRA Cases with RBI Branch Office Applications

·    Declarations in BO Regulations Inserted

20-RBI/27.02.2019

200 Rupee Note also Allowed upto 25K Limit for Carry by Passenger Traveling to Nepal/Bhutan

Notification No. FEMA 6(R)/(1)/2019-RB dated February 26, 2019

Limit of 20% for Single Corporate in FPI Debt Portfolio Withdrawn

19-RBI/15.02.2019

ECB Facility for Resolution Applicants under Corporate Insolvency Resolution Process

18-RBI/07.02.2019

New ECB Norms Lift Sector-wise Limits

·   $750mn per year under Auto Route

·   New Window for Oil Companies of $10bn under Auto Route

·   Micro Finance, Ports, SIDBI/Exim Bank Allow ECB

17-RBI/16.01.2019

RBI Allows One-Time Restructuring of Existing Loans to MSMEs to Avoid NPA Labelling

RBI/2018-19/100 - DBR.No.BP.BC.18/21.04.048/2018-19 dated January 1, 2019

Export Credit of $500mn to Tanzania for Financing Water Supply Schemes

16-RBI/06.12.2018

Infrastructure Companies Mandatory Hedge Coverage Reduced to 70% from 100%

15-RBI/26.11.2018

Export Credit of $3.5mn Released for Financing and Servicing of Three Chetak Helicopters to Suriname

14-RBI/15.11.2018

Export Credit of $27.5mn to Suriname for Up-gradation of Transmission Network Infrastructure

13-RBI/15.11.2018

Export Credit of $2.5mn for Financing Unfinished Fertilizer Plant Project to Madagascar

12-RBI/15.11.2018

Compulsory Hedging Period for ECB Cut to 3 Years for Infra

·   Average for ECB Maturity Now 5 Years for Exemption of Hedging

RBI Circular No. 11 dated 6th November 2018

RBI Permits Public Sector Oil Marketing Companies (OMCs) to Raise ECB for Working Capital with Minimum Average Maturity period of 3/5 years from all Recognized Lenders under Automatic Route

·    Individual Limit of USD 750 million or Equivalent and Mandatory Hedging Requirements as per the ECB framework

·    Overall Ceiling for such ECBs shall be USD 10 billion Equivalent and the said Facility will come into effect from the date of this Circular

A.P. (DIR Series) Circular No.10 dated October 3, 2018

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

Interest Rates on FCNR(B) Deposit Ceiling Raised on Medium Term Maturities

RPCD.CO.RRB.BC.No.22/ 03.05.33.2013-14 dated 19.08.2013

All Bank Branches Allowed to Deal with NRIs under Portfolio Investment Scheme

29-RBI/20.08.2013

FDI in Asset Reconstruction Companies (ARCs) Ceiling Raised to 74% from 49%

28-RBI/19.08.2013

Export Credit of US$41.60mn to Comoros

27-RBI/16.08.2013

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 83.45023 from 12 Aug 2013

26-RBI/14.08.2013

RBI Issues Clarifications on Gold Import

·      No Coins Allowed

·      Norms for 20/80 Export Obligation Specified

·      Bank HOs to Monitor Trade

25-RBI/14.08.2013

Forex Remittance Ceiling Lowered to US$75,000 from US$2 Lakhs

24-RBI/14.08.2013

Only 100% of Net Worth Allowed Overseas Investment to Indian Cos.

23-RBI/14.08.2013

Export Credit of US$300mn to Ethiopia for Financing New Ethio-Djibouti Railway Line Project

22-RBI/12.08.2013

Export Credit of US$28.60mn to Zimbabwe for Upgradation of Deka Pumping Station and River Water Intake System

21-RBI/12.08.2013

FEMA Compounding of Offences Proceedings Notified

20-RBI/12.08.2013

Revised Format of NRD-CSR Submission on XBRL Platform

19-RBI/07.08.2013

Rupee Hedging from Sub Accounts only with Mandate of the Owner

18-RBI-01.08.2013

Online Reporting Must for Forex Exposure to RBI by Banks

17-RBI/23.07.2013

USD 19mn LOC to Senegal

16-RBI/23.07.2013

RBI Virtually Bans Gold Import thru Official Channel

·         Export Obligation of 20% Slapped on Import, One Fifth Export Reservation in Every Import Lot

·         Actual User Condition Imposed, Consumer Sale not Allowed

·         Earlier Condition of Cash Import Dropped

15-RBI/22.07.2013

Software Export Realisation Period will be Nine Months from Date of Export w.e.f. 01.04.2013

14-RBI/22.07.2013

Export Credit of US$35mn for Financing Sugar Plant Project in Ghana

13-RBI/15.07.2013

Loans under $10bn ECB Extended to Overseas JVs

12-RBI/15.07.2013

Libor Plus Ceiling at 350bps for ECB Extended Till 30 Sept 2013

11-RBI/11.07.2013

Existing ECB Borrowers can Raise Fresh ECB at Higher All-in-Cost under Approval Route Till 30 Sept 2013

10-RBI/11.07.2013

Import Credits upto 5 Years for Infrastructure Sector will Continue Till 30 Sept 2013, No Credit beyond Trade Transaction Terms

09-RBI/11.07.2013

RBI Grants General Permission to Bank in India to Acquire Shares of SWIFT

RBI for Admission to the SWIFT Users Group in India

08-RBI/11.07.2013

Banks Banned from Currency Speculation, Trading Allowed only on Agency Basis

07-RBI/08.07.2013

ECB Guidelines for NBFC-AFCs for On-lending to Infrastructure Sector

06-RBI/08.07.2013

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 80.972091 per Rouble w.e.f 25 June

05-RBI/08.07.2013

Export Credit of US$10mn to Seychelles

04-RBI/08.07.2013

Rupee Value under Indo-Ussr Deferred Payment Protocol Revised to Rs. 78.374512 per Rouble from 13 June

A.P. (DIR Series) Circular No.03 July 04, 2013 dated 4 July 2013

RBI Liberalises Documentation Requirements for Resident Entities in Indian Forex Market

A.P. (DIR Series) Circular No.02 July 04, 2013 dated 04 July 2013

RBI Issues New Guidelines for Calculation for Total Foreign Investment in India Companies

A.P. (DIR Series) Circular No.01 dated July 04, 2013

Only Gold Import on Loan to Exporters Facility Open in Credit Option

122-RBI/27.06.2013

Risk Management and Inter Bank Dealings

121-RBI/26.06.2013

Minimum Average Maturity of the underlying Debt Instruments Reduced to Three Years from 7 Years

120-RBI/26.06.2013

Technology Import Allowed under ECB as Part of Capital Goods

119-RBI/26.06.2013

Exporter undertaking Project Exports and Service Contracts Abroad should Submit Form DPX1, PEX-1 and TCS-1 to the Approving Authority within 30 days of Entering into Contract

118-RBI/26.06.2013

External Commercial Borrowings in Renminbi Discontinued

117-RBI/25.06.2013

Working Capital for Civil Aviation Sector will Continue Till 31 Dec 2013 under ECB

116-RBI/25.06.2013

Prepayment of FCCBs under Approval Route will Continue Till 31 Dec 2013

115-RBI/25.06.2013

ECB Window for Financing 3G Spectrum Rupee Loans will Open upto 31 March 2014

114-RBI/25.06.2013

ECB for Low Cost Affordable Housing Projects

113-RBI/24.06.2013

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 75.705663 w.e.f 5 June

112-RBI/20.06.2013

Limit for Foreign Investment in Govt Securities Enhanced to US$30bn to US$5bn with Immediate Effect

111-RBI/12.06.2013

Venture Capital must Report FDI in Separate Return to RBI

110-RBI/12.06.2013

Export Transaction Value Enhanced to US$10,000 through Online Payment Gateway Service Providers

109-RBI/11.06.2013

Export Realisation Period of 12 Months Set for SEZ Units

108-RBI/11.06.2013

Gold Imports Not Permitted on Documents against Acceptance (DA) Basis, Consignment Basis only for Jewellery Exports

LCs must be Backed by 100% Cash or DP (Documents against Payments)

107-RBI/04.06.2013

Two percent Rupee Export Credit Interest Rate Subvention Widened for 6 Textiles and 101 Engg Goods for the period 1 April 2013 to 31 March 2014

DBOD.Dir.BC.No.94/ 04.02.001/2012-13 dated 24 May 2013

Reporting for Liberalised Remittance Scheme

RBI Circular 106/23.05.2013

Software Export Realisation Period Cut to 9 months from 12 Months – Valid Till 30 Sept.2013

RBI Circular 105/20.05.2013

Issue of Equity Share under FDI – Payment should be made by Foreign Investor to the Company Directly or through Bank

A.P. (DIR Series) Circular No. 104 dated May 17, 2013

RBI Says No Credit for Gold Import, Pay Cash

103-RBI/13.05.2013

Cross Border Inward Remittance under Money Transfer Service Scheme

FATF Statement dated 22 Feb 2013

102-RBI/02.05.2013

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

101-RBI/02.05.2013

RBI Clarification on Overseas Direct Investments

100-RBI/25.04.2013

RBI Extends Overseas Investment Facility in Oil Sectors by Navratna PSUs, OVL and OIL without any Limits under Automatic Route

99-RBI/23.04.2013

Import Credits upto 5 Years for Infrastructure Sector will Continue Till June 30, 2013

98-RBI/09.04.2013

Export Credit of US$76.50mn to Malawi

97-RBI/09.04.2013

Sale of Indian Rupees to Foreign Tourists Against International Credit Cards Allowed

96-RBI/05.04.2013

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 73.141761 per Rouble from 18 March 2013

95-RBI/04.04.2013

RBI Merges Broadbands FII Debt Categories

94-RBI/01.04.2013

Export Credit of US$15mn to Benin

93-RBI/01.04.2013

Export Credit of US$5mn to Cuba

92-RBI/01.04.2013

Export Credit of US$42mn to Cameroon

91-RBI/01.04.2013

SEBI Permits Maintenance of Collateral by FIIs for Transactions in the Cash and F&O Segments

90-RBI/14.03.2013

RBI Issues Revised Guidelines for Money Transfer Service Scheme

89-RBI/12.03.2013

Exporters Allowed to Write Off 10% of Outstanding in 7 Cases subject to 4 Conditions in “Self Write-off” RBI Relaxation

88-RBI/12.03.2013

Enforcement Affected Parties Allowed ECB

87-RBI/05.03.2013

Guidelines for Forex Exposure Limits of Authorised Dealers Category-I

86-RBI/01.03.2013

RBI Extends RDAs under Speed Remittance Procedure to Exchange Houses Situated in All Countries which are FATF Compliant

85-RBI/28.02.2013

KYC Norms under Prevention of Money Laundering Act, 2002

84-RBI/22.02.2013

Bangladeshis Can Open NRO Account in India

82-RBI/11.02.2013

NRIs can Open Forex Vostro Accounts for Payments of Medical Treatment or Hotels Stay

81-RBI/24.01.2013

FII Investments in Govt. Securities and Corporate Debt

80-RBI/24.01.2013

RBI Governor Announces Third Quarter Review of Monetary Policy 2012-13

Statement by Dr. D. Subbarao, Governor, Reserve Bank of India

RBI Press Release dated 29th January 2013

EEFC Account Holders Permitted to Access Forex Market for Purchasing Forex Exchange only after Utilizing Available Balances in EEFC Account

79-RBI/22.01.2013

ECB Facility for Hotel Sectors – AD may Certify Project Cost

78-RBI/21.01.2013

Export Credit of US$20mn to Nigerian Eximp Bank

77-RBI/18.01.2013

FEMA Violation by ADs in ECB Cases

76-RBI/17.01.2013

Export Credit of US$37.90mn to Swaziland for Agriculture Development

75-RBI/15.01.2013

Second Hand Machineries Import not Allowed under Government Route FDI

74-RBI/10.01.2013

RBI Advises FINnet Gateway ‘go-live’ from 20 October 2012 – Reports in CD Format Treated as Invalid by FIU-IND

73-RBI/10.01.2013

Authorised Persons Requires to ‘Go-Live’ from 20 October 2012 for Submitting Suspicious Transaction Reports (STR)

72-RBI/10.01.2013

FATF Statement dated 19 October 2012

71-RBI/10.01.2013

FATF Updated Statement on Improving Global AML/CFT Compliance

70-RBI/10.01.2013

RBI Enhances ECB Limit for NBFC-IFCs under Automatic Route to 75% from 50% Owned Funds

69-RBI/07.01.2013

Proof of Address Rules Streamlined to Speed up Money Transfer in PML Cases

67 and 68 RBI Circular dated 02.01.2013

RBI Revises Softex Procedures for Large Exporters – STPI or SEZ/EPZ/EOU or DTA to Certify Revised Excel Sheets

66-RBI/01.01.2013

Export Credit of US$250mn to Mozambique

65-RBI/27.12.2012

Export Credit of US$19mn to Guyana Multispecialty Hospital

64-RBI/27.12.2012

Hedging under ECB by Micro Finance Cos

63-RBI/20.12.2012

Export Credit of US$16.88mn to Gambia

62-RBI/18.12.2012

Guidelines on ECB for Low Cost Affordable Housing Projects

61-RBI/17.12.2012

Libor Plus Ceiling at 350 bps for ECB will Continue Till 31 March 2013

60-RBI/14.12.2012

Six Months Import Credit Now in Medium Term Credit Definition

59-RBI/14.12.2012

LIBOR Plus Ceiling for Trade Credits of 350bps to Continue till 31 March 2013

58-RBI/14.12.2012

Export Credit of US$178.125mn to Tanzania Water Supply Scheme

57-RBI/11.12.2012

Export Credit of US$13.095mn to Togo

56-RBI/27.11.2012

Foreign Entities Branch Offices to send Audited Financial Statements Annual Activity Certificate to Income Tax

55-RBI/26.11.2012

ECB Policy Relaxed for 2G Spectrum Payment

54-RBI/26.11.2012

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 75.570411 w.e.f. 25 Oct, 2012

53-RBI/20.11.2012

Extended Period of 12 Months for Software Export Realisation Valid for Another Six Months to 31 March 2013

52-RBI/20.11.2012

RBI Issues Revised Guidelines for Customer Identification Procedure

51-RBI/15.11.2012

Multiple Branch AMCs should Institute Concurrent Audit System

50-RBI/07.11.2012

Indian Agents not to Submit List of Sub Agents under Money Transfer Service Scheme

49-RBI/07.11.2012

SIDBI Notified as an Eligible Borrower for ECB On-lending to MSME

48-RBI/06.11.2012

All Large Software Exporters in STPIs to Follow Feb 2012 Circular for SOFTEX Exchange Control Return

47-RBI/23.10.2012

DTA Units will Get Forex for Payment to SEZ Units

46-RBI/23.10.2012

Currency Hedging by FIIs through Banks

45-RBI/22.10.2012

Loan Against NRE/FCNR(B) Fixed Deposits Allowed to Depositor/Third Party without any Ceiling Subject to Usual Margin Requirements

44-RBI/12.10.2012

FIU Checks on Suspicious Transactions thru FINnet Gateway in ‘Test Mode’ from 31 August 2012

43-RBI/12.10.2012

Authorised Persons Required to Continue Submit Suspicious Transaction Reports (STR) in CD Till Further Notice

42-RBI/12.10.2012

RBI Amends Circular on Liberalisation of Downstream NBFCs

41-RBI/10.10.2012

Libor Plus Ceiling at 350 bps for ECB Continue to be Applicable Till Further Review

40-RBI/09.10.2012

Ceiling Interest Rate on Import Credits to Continue Till Further Review

39-RBI/09.10.2012

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 75.037184 w.e.f. 27 September 2012

38-RBI/04.10.2012

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 78.105433 w.e.f. 17 September 2012

37-RBI/26.09.2012

NRI to Invest only at Face Value of Shares when Subscribing to Memorandum of Association

36-RBI/26.09.2012

Reporting Requirements of Foreign Project Offices in India

35-RBI/25.09.2012

Trade Credit Including Usance Period of LCs Opened for Import of Gold in Any Form Including Jewellery should not Exceed 90 Days from Date of Shipment

34-RBI/24.09.2012

Monthly Limit of Rs. 50,000 on Forex Release Against Cash

33-RBI/24.09.2012

RBI Issues Circular on Amendments to the FDI Policy

32-RBI/21.09.2012

RBI OK Must for Foreign NGOs Operating in India

A. P. (DIR Series) Circular No. 31 dated 17 September 2012

Hedging of Forex Loans against FCNR Allowed

30-RBI/12.09.2012

Annual Performance Report (APR) in Form ODI Part III to be Submitted by Indian Party to AD

29-RBI/12.09.2012

RBI Allows Import Credits upto 5 years for Infrastructure Sectors

28-RBI/11.09.2012

RBI Allows Refinance of Bridge Finance for Infrastructure Sectors with an ECB under Automatic Route

27-RBI/11.09.2012

ECB Limit Raised to 75% of Forex Earning in Last Three years

26-RBI/11.09.2012

Export Credit of US$20mn to Mongolia

24-RBI/06.09.2012

Export Credit of US$39.69mn to Central African Republic

23-RBI/31.08.2012

Export Credit of US$20mn to Central African Republic

22-RBI/31.08.2012

RBI Allows Hedging to QFIs on Permissible Investments

21-RBI/31.08.2012

NR Guarantee for Non Fund Transactions

20-RBI/29.08.2012

RBI Allows a Limited Two Way Fungibility for IDRs

19-RBI/28.08.2012

FATF Advisory dated 22 June 2012

18-RBI-23.08.2012

RBI Renews Money Laundering Instructions

17-RBI/23.08.2012

RBI Allows Pak Citizens to Purchase Shares under FDI with Prior Approval from FIPB

16-RBI/22.08.2012

RBI Inserts Clause on Annual Performance Report Clause in Overseas Direct Investment Form

15-RBI/21.08.2012

Export Credit of US$40.32mn to Chad

14-RBI/13.08.2012

RBI Allows Exporters to Cancel and Rebook Forex Forward Contract to the Extent of 25 percent of Contracts for Hedging Contracted Export Exposures

13-RBI /31.07.2012

RBI Gives Respite to EEFC Accounts, Full Credit Allowed subject to Rupee Conversion in One Month

12-RBI /31.07.2012

No Going Back on Compounding Procedure in Forex Violation, says RBI

11-RBI /31.07.2012

Export Credit of US$47mn to Ethiopia

10-RBI/24.07.2012

Export Credit of US$250mn to Nepal

09-RBI/24.07.2012

Resident Foreign Currency Accounts (RFCA) can Retain 100 percent of Foreign Earning in EEFC Account

08-RBI/18.07.2012

QFIs Investment in Corporate Debt

07-RBI/16.07.2012

Rupee Value under Indo-USSR Deferred Payment Protocol Raised to Rs. 75.816175 w.e.f. 6 July 2012

06-RBI/13.07.2012

RBI Revises A-2 Form for Sending Remittances Abroad and List of Purpose Codes

05-RBI/12.07.2012

Only Soft Single Return for NR Deposits

04-RBI/12.07.2012

NEFT to Charge Rs. 5 for Transfers upto Rs. 1 Lakh

RBI Circular/13.07.2012

RBI Allows Switching of One Year Plus Currency Contracts between Banks

03-RBI/11.07.2012

Rupee Value under Indo-USSR Deferred Protocol Revised to Rs. 78.193501 per Rouble from 26 June 2012

02-RBI/06.07.2012

Buyback of FCCBs Minimum Discount of 5% on the Accreted Value to Continue

01-RBI/05.07.2012

Exim Bank Open $50mn on Zambia Credit

138-RBI/28.06.2012

FEMA Updates Sectoral FDI Policy for DIPP Sectoral Policy

137-RBI/28.06.2012

RBI Revises Form-83 for Loan Registration Number for ECB w.e.f. 1 July 2012

136-RBI/26.06.2012

FII Limits for Infrastructure and Govt. Securities Enhanced to $20bn

135-RBI/25.06.2012

Manufacturer Exporters Allowed to Avail of ECBs for Repayment of Rupee Loans

134-RBI/25.06.2012

New Format of FDI Annual Return & RBI by 15 July Every Year

133-RBI/20.06.2012

Number of Remittances Raised to 30 under Money Transfer Service

132-RBI/08.06.2012

ID Communication in Online Reporting of ODI

131-RBI/31.05.2012

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 75.594562 per Rouble from 9 May 2012

130-RBI/25.05.2012

New Cuts in Open Position, F&O Limits for Banks

129-RBI/21.05.2012

Forwards before 10 May to be Honoured in 50% Cut in EEFC Balance Circular

128-RBI/16.05.2012

RBI Clarification on Foreign Investment in NBFC Sector under FDI

127-RBI/15.05.2012

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 73.305676 from 26 April 2012

126-RBI/14.05.2012

Export Credit of US$13mn to Mozambique for Financing of Solar Photo Voltaic Module Manufacturing Plant

125-RBI/10.05.2012

Exchange Earner's Foreign Currency (EEFC) Account

124-RBI/10.05.2012

RBI Decides to Fix Intraday Open Position Limit of the AD at Five Times the Net Overnight Open Position Limit

123-RBI/10.05.2012

Risk Management and Inter Bank Dealings

122-RBI/09.05.2012

FIPB Approval Required only for FDI Component for Foreign Investment in Commodity Exchanges

121-RBI/08.05.2012

Equity Shares Issue by Conversion of Imported Second-hand Machinery Investment Excluded under FDI under Government Route

120-RBI/08.05.2012

Borrowers should Provide Bifurcation of Utilization of ECB Proceeds for Rupee Expenditure in Form-83

119-RBI/07.05.2012

Limit for Forex Remittance for Miscellaneous Purposes Raised to US$25000 from US$5000 without Documentation including Form A-2

118-RBI/07.05.2012

RBI Permits NRIs Transfer Funds from NRO Accounts to NRE Accounts within Ceiling of US$1mn per Year

117-RBI/07.05.2012

RBI Frees Interest Rates on Export Credit in Foreign Currency w.e.f. 5 May, 2012

DBOD.DIR.No.100/04.02.001/2011-12 dated 4 May 2012

LIBOR Plus Interest Rates on FCNR(B) Raised by 75bps to 175bps

DBOD.Dir.BC. 102/13.03.00/2011-12 dated 4 may 2012

Export Credit of US$80mn to Burundi

114-RBI/02.05.2012

RBI Allows ECB for Working Capital as Permissible End-Use for Civil Aviation Sector under Approval Route

113-RBI/24.04.2012

Existing ECB Borrowers can Raise Fresh ECB at a Higher All-in-Cost under Approval Route

112-RBI/20.04.2012

ECB Policy Liberalised in Power, Roads and Highways

111-RBI/20.04.2012

Export Credit of US$15mn to Togo

110-RBI/20.04.2012

AD Cat-II Must Approach RBI for One Time Approval to Operate Nostro Accounts

109-RBI/18.04.2012

Money Laundering and Terror Finance Rules for Sub-agents of MTSS also

108-RBI/17.04.2012

Money Laundering and Terror Finance Rules for All Agents/Franchises

107-RBI/17.04.2012

Export Credit of US$150 mn to Ecowas

106-RBI/12.04.2012

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 70.965327 w.e.f 13 March, 2012

105-RBI/10.04.2012

RBI Allows Cat II Banks to Open Nostro Accounts to Issue Forex Pre-paid Cards to Residents Travelling Abroad

104-RBI/04.04.2012

RBI Rationalises Reporting System on Gold Import

103-RBI/03.04.2012

Immediate Return of Cash in Forex Smart Cards Allowed

102-RBI/02.04.2012

RBI Allows Indian Party to Open FC Account Abroad for Overseas Direct Investment

101-RBI/02.04.2012

Import Credit Ceiling Rate Continues at 350 bps Libor Plus for Another Six Months

100-RBI/30.03.2012

Libor Plus Ceiling at 350 bps for ECB Extended for Six More Months

99-RBI/30.03.2012

No More GR Forms in Print w.e.f 1 July 2012, Online Option Available

98-RBI/30.03.2012

Overseas Investments by Resident Individuals Liberalised

97-RBI/28.03.2012

RBI Liberalises Overseas Direct Investments by Indian Party

96-RBI/28.03.2012

Discounting of Bill under LCs by Urban Co-operative Banks

RBI/2011-12/476 UBD.BPD.(PCB). Cir.No. 29/13.05.000/ 2011-12 dated 30th March 2012

Ceiling Rates on Export Credit in Foreign Currency will Continue Till September 30, 2012

RBI/2011-12/480 - DBOD.DIR.No.91/04.02.001/2011-12 dated 30.03.2012

Repayment of Loans to NRE/NCNR(B) Account Extended by way of Inward Remittance in Forex through Normal Banking Channels

95-RBI/21.03.2012

AD Banks should Submit Quarterly Reports of Diamond Dollar Accounts w.e.f. March 2012

92-RBI/13.03.2012

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 68.838139 from 9 Feb ‘2012

91-RBI/13.03.2012

RBI Permission must for BO

88-RBI/01.03.2012

RBI Issues Instructions on How to Check Money Laundering

86-RBI/29.02.2012

RBI Allows ECB to Developers of NMIZ under ‘Approval Route’

85-RBI/29.02.2012

Purpose Code for Receipts at Payments in Forex Reporting under FETERS

84-RBI/29.02.2012

RBI Raises Maximum Tenor of Gold Loan to 270 Days for Fixing the Price and Repayment as per FTP 2009-14

83-RBI/27.02.2012

Import Remittance Limit Raised without Documentation to US$5000 from US$500

82-RBI/21.02.2012

Exporters can Receive Advance Payment for Supply beyond One Year Allowed but no Refunds for Non Delivery

81-RBI/21.02.2012

RBI Simplifies Procedure of Softex for Large Exporters – STPI to Certify Excel Sheets

80-RBI/15.02.2012

RBI Requires Declaration of Immovable Property Acquired in India by a Person Resident Outside India Measure not to Apply NRI/PIO

79-RBI/15.02.2012

Money Laundering Filters for Indian Agents to Money Transfer (MT) Agencies

78-RBI/15.02.2012

RBI Cautions Dealers on Iran for Terrorist Financing Checks

77-RBI/15.02.2012

RBI Warns Banks to Stop Iran, China, Pak and the like from Opening India Office

76-RBI/09.02.2012

RBI Simplifies Procedure of ECB

75-RBI/07.02.2012

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 71.456679 from 20 January 2012

74-RBI/01.02.2012

AD Banks Format for Fortnightly Balances in Diamond Dollar Accounts

73-RBI/31.01.2012

RBI Approval Requires for Opening and Maintaining Rupee Vostro Account in India of Non Resident Exchange Houses in Connection with RDAs

72-RBI/30.01.2012

RBI Removes Criteria Relating to Increase in Locational Advantage for Issuance of Fresh Licences for Full Fledged Money Changers

71-RBI/30.01.2012

Banks should Certify Leverage Ratio of IFCs Availing ECBs under Approval Route

70-RBI/25.01.2012

External Commercial Borrowings – Simplification of Procedure

69-RBI/25.01.2012

Guidelines for undertaking Commodity Hedging Transactions in International Commodity Exchange

68-RBI/17.01.2012

RBI Notifies 100 percent FDI in Single Brand Retail

67-RBI/13.01.2012

RBI Issues Directions for QFI Investments in Indian Companies and Single-Brand Retail Trading

66-RBI/13.01.2012

ADs must Accept Forwarder’s Cargo Receipts Issued by IATA Agents for Goods and Services Exports

65-RBI/12.01.2012

Maturity Period Revised on ECB Limit under Automatic Route

64-RBI/05.01.2012

RBI Allows Hedging of Rupee ECBs to NRIs

63-RBI/29.12.2011

Export Credit of US$168mn to Congo

62-RBI/27.12.2011

Export Credit of US$40mn to Maldives

61-RBI/27.12.2011

Foreign Tourists can Change Money on the Basis of Passport Copy and Indian Immigration Stamp Visa

60-RBI/22.12.2011

Micro Finance Cos Allowed to Borrow $10 mn on ECB Automatic Route

59-RBI/19.12.2011

RBI Tightens Forex Forward Contracts Transactions

58-RBI/15.12.2011

RBI Puts Breaks on Currency Trading in Forwards

RBI Press Release/15.12.2011

Compounding of Delay Contraventions under FEMA, 1999

57-RBI/13.12.2011

RBI Permits 100% FDI in Pharma Sector in Existing Companies (Brownfield Route) under Govt. Approval Route

56-RBI/09.12.2011

Equity Shares Issue by Conversion of Machinery Investment under FDI under Government Route

55-RBI/09.12.2011

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 73.923372 per Rouble from 28 November 2011

54-RBI/08.12.2011

Rupee Value under Indo-USSR Deferred Payment Protocol Revised to Rs. 71.668914 per Rouble from Oct 25, 2011

53-RBI/02.12.2011

ECB for Rupee Expenditure not to be Used for Security Trading

52-RBI/23.11.2011

LIBOR Plus Ceiling for ECB Raised by 50 bps to 350 bps

51-RBI/23.11.2011

RBI Removes Swap Transaction Limit of US$100 mn

50-RBI/23.11.2011

RBI Allows Investment on Repatriation Basis by Eligible Non-Resident Investors

49-RBI/22.11.2011

GR Declaration for Mid-Sea Trans-shipment of Fish Catches

48-RBI/21.11.2011

“Set-off” of Export Receivables against Import Payables for same Buyer and Supplier

47-RBI/17.11.2011

RBI Alert on Online Forex Trading based on Forex Balances

46-RBI/17.11.2011

NRI Investment in Oil Fields

45-RBI/16.11.2011

LIBOR plus Ceiling for Trade Credits Raised by 150 bps to 350 bps

44-RBI/15.11.2011

Guidelines on Transfer of Shares in FDI Cases

43-RBI/04.11.2011

FIIs can Invest in Infrastructure NBFCs

42-RBI/03.11.2011

No Compulsion on Money Changers to Locate Offices in Non Metro Centres

41-RBI/01.11.2011

Software Export Realisation Period Extended to 1 Year

40-RBI/01.11.2011

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 69.09329 from 29 September 2011

39-RBI/01.11.2011

No Rupees in Customs Area - Forex Counters in International Airports to be Compliant by End of Year

38-RBI/25.10.2011

Clarification on Repatriation of Assets to India by NRIs

37-RBI/19.10.2011

RBI Permits FCNR Accounts in any Freely Convertible Currency

36-RBI/19.10.2011

RBI Increases Transaction Value to USD3000 for Online Payment for Exports

35-RBI/14.10.2011

Export Credit of US$ 27.50 mn to Senegal

34-RBI/14.10.2011

Urban Co-op Bank can be become Authorised Dealer – Money Changers Allowed to Reconvert Rupees against ATM Withdrawal

33-RBI/12.10.2011

Banks to Get 2% Subsidy on Export Credit to SMEs, Handicrafts, Handlooms and Carpets

RBI/2011-12/215 – DBOD.Dir. (Exp). BC.No.38/04.02.001/2011-12 dated 11 October 2011

Revised Application-cum-Declaration Form for Purchase of Forex under Liberalise Remittance Scheme for Resident Individuals

32-RBI/10.10.2011

RBI Issues Revised Guidelines on Money Changing Activities

31-RBI/03.10.2011

RBI Permits to Open Nostro Accounts in Renminbi by Authorised Dealer

30-RBI/27.09.2011

Guidelines for Foreign Equity Holders under Automatic Route

29-RBI/26.09.2011

Structured Obligations for Infrastructure Sectors under ECB Policy

28-RBI/26.09.2011

Enhancement of ECB Limit under Automatic Route

27-RBI/23.09.2011

Infrastructure Cos. can Import Capital Goods on ‘Bridge Finance’

26-RBI/23.09.2011

One Quarter of ECB can be Utilized for Repayment of Rupee Loan by Infrastructure Sectors

25-RBI/23.09.2011

Money Laundering – Cross Border Inward Remittance under Money Transfer Service Scheme

24-RBI/19.09.2011

Money Laundering – Clients Jurisdiction and Verification Must

23-RBI/19.09.2011

Indian Agents under Money Transfer Service Scheme

22-RBI/19.09.2011

Money Laundering Risks with Bolivia, Cuba, Sri Lanka and Others

21-RBI/19.09.2011

Medical Expenses paid to NRI by Resident Individuals will cover under Term ‘Services Related Thereto’

20-RBI/16.09.2011

Repayment of Loans of Nonresident Close Relatives by Residents

19-RBI/16.09.2011

RBI Permits Resident Individuals to Lend a Loan to NRI

18-RBI/16.09.2011

RBI Permits Resident Individuals can Make Rupee Gifts to NRI by way of Cross Cheque or E- Transfer

17-RBI/16.09.2011

FII into NRE/FCNR Accounts Facility Extended to NRIs also

16-RBI/15.09.2011

Operating Joint Account in EEFC/RFC Bank Accounts on ‘Former or Survivor’ Basis

15-RBI/15.09.2011

Security Transfer by Way of Gift Enhanced to US$50,000 per Year

14-RBI/15.09.2011

NRIs can Open Joint NRE Account with Close Relative in India

13-RBI/15.09.2011

RBI Permits Resident can include NRI Relative to their Saving Bank Account as Joint Holder

12-RBI/15.09.2011

RBI Delegates Power of Change in Lender Approval to Dealers

11-RBI/07.09.2011

Deferred Payment Protocols between India and Erstwhile USSR

10-RBI/07.09.2011

Rupee Remittances Allowed from Malaysia

09-RBI/29.08.2011

Export Credit of US$ 4 mn to Guyana

07-RBI/02.08.2011

Export Credit of USD 5 mn to Zambia

06-RBI/26.07.2011

Export Credit of US$20mn to Swaziland

05-RBI/26.07.2011

Export Credit of US$20mn to Mozambique

04-RBI/25.07.2011

Rupee Contracts Hedging Allowed to NRIs

03-RBI/21.07.2011

RBI Permission Must for Foreign Entities Branch Offices Established in India in Pre-FEMA Period

02-RBI/15.07.2011

Redemption of Foreign Currency Convertible Bonds (FCCBs)

01-RBI/04.07.2011

RBI Extends Time Limit for Applications for Buyback of FCCBs by Indian Companies

75-RBI/30.06.2011

RBI Permits Issue of Equity Shares for Capital Goods Imports against FDI in Govt. Route

74-RBI/30.06.2011

Export Credit of US$ 91 mn to Ethiopia

72-RBI/16.06.2011

Export Credit of US$ 36.56 mn to Tanzania

71-RBI/14.06.2011

Opening NRO Accounts by Foreign Nationals

70-RBI/09.06.2011

Foreign Currency-Rupee Swaps for Hedging IPO

68-RBI/20.05.2011

Forex Derivative Contract Limit Raised to 10% from 2%

67-RBI/20.05.2011

Guidelines for OTC Trading in Forex Derivatives

60-RBI/16.05.2011

Trade Credit of Diamond LCs Revised to Maximum 90 days

59-RBI/06.05.2011

RBI Permission not Required for Opening Non Interest Bearing Escrow Accounts in INR in India

58-RBI/02.05.2011

RBI Liberalises NRI FDI to Allow Leveraging

57-RBI/02.05.2011

Advance Remittance for Import of Goods Doubled against Guarantee

56-RBI/29.04.2011

FII Investment Limit in Infrastructure Raised

55-RBI/29.04.2011

RBI Allows Custodian Banks to Issue Irrevocable Payment Commitments in favour of Stock Exchange on behalf of their FII Clients

54-RBI/29.04.2011

No Permission for Forex Trading Overseas

53-RBI/07.04.2011

Cross Border Inward Remittance under Money Transfer Service Scheme

52-RBI/06.04.2011

Money Laundering Standards

51-RBI/06.04.2011

RBI Advises Foreign Airlines to Discontinue using Overseas Banks for INR Transactions on Sale of Air Tickets in India

48-RBI/05.04.2011

Software Export Value Realisation Extended upto 30 September 2011

47-RBI/31.03.2011

Exim Credit of US$100 mn to EBID

46-RBI/18.03.2011

RBI Introduces Annual Return on Foreign Liabilities and Assets

45-RBI/15.03.2011

Exim Credit of US$50 mn to Malawi

44-RBI/15.03.2011

Trading of Currency Options Contracts

40-RBI/25.01.2011

Comprehensive Guidelines on OTC Foreign Exchange Derivative

32-RBI/28.12.2010

Indo-Iran Trade through ACU Mechanism

31-RBI/27.12.2010

Payment for Import of Oil or Gas Settled in ACU Mechanism

30-RBI/23.12.2010

Export Credit of US $72.55 mn to Laos

22-RBI/03.12.2010

Money Laundering in Forex Operations – II

21-RBI/30.11.2010

Money Laundering in Forex Operations – I

20-RBI/30.11.2010

Money Laundering in Forex Operations - II

19-RBI/25.11.2010

Money Laundering in Forex Operations - I

18-RBI/25.11.2010

Exchange Control Guidelines for Online Payment Gateways and Export Proceeds Realization

17-RBI/16.11.2010

Reporting Mechanism of Branches Dealing in Foreign Exchange

16-RBI/16.11.2010

Export Credit of US $21.80 mn to Mauritania

15-RBI/13.10.2010

Export Credit of US $21.72 mn to Ghana

14-RBI/13.10.2010

Reporting under FDI Scheme

13-RBI/14.09.2010

Ready Forward Contracts in Corporate Debt Securities

RBI/2010-11/166 - DNBS.PD/ CC.No. 196/ 03.05.002 /2010-11 dated 11th August 2010

ECB Beyond 100mn for Hotels, Hospitals and Software

08-RBI/12.08.2010

Buyback of FCCB

07-RBI/09.08.2010

Annual Activity Certificate by Branch Offices of Foreign Entities may be Submitted by 30 Sept of Each Year

06-RBI/09.08.2010

One More Year of Interest Rate Subsidy of 2% for Labour Oriented Small Scale Export Sector

RBI/2010-11/165 – DBOD.Dir.(Exp).BC.No.36 / 04.02.001/2010-11 dated 9 August 2010

Guidelines on Trading of Currency Options

05-RBI/30.07.2010

Take-out Financing through ECB under Approval Route for Infrastructure Project

04-RBI/22.07.2010

No Write Off of Export Proceeds Allowed in Drawback Cases – Drawback must be Surrendered

03-RBI/22.07.2010

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 62.788607 per Rouble from 7 July 2010

02-RBI/21.07.2010

Rupee Value under Indo-USSR Deferred Payment Protocols Revised to Rs. 60.8816 from 24 June 2010

01-RBI/13.07.2010

Software Export Realisation Period Extended to 1 Year from 6 Months

57-RBI/29.06.2010

Prevention of Money Laundering Rules 2005 Amended

RBI/2009-10/512 – DBOD. AML. BC. No. 113/14.01.001/2009-10 dated 29th June 2010

Rupee Export Credit Interest Rates

RBI/2009-10/511 – DBOD.Dir.(Exp).BC.No. 115 / 04.02.001/2009-10 dated 29 June 2010

Compounding of Contravention under FEMA 1999

56-RBI/28.06.2010

Rupee Value under Indo-USSR Deferred Payment Protocol

55-RBI/15.06.2010

Beware of Fictitious Offers for Forex Remittance, Says RBI

54-RBI/26.05.2010

Export Credit of US $30 mn to Sierra Leone

53-RBI/18.05.2010

Technology Transfer Remittances Allowed without Limit by RBI w.e.f 16.12.2009

52-RBI/13.05.2010

ECBs at Above 50% Now will Need RBI Approval

51-RBI/11.05.2010

US $5,000 to Travellers Proceeding to Iraq or Iran

50-RBI/04.05.2010

Revised Pricing Guidelines on FDI in India

49-RBI/04.05.2010

Exchange Rate under USSR Deferred Payment Protocol

48-RBI/26.04.2010

FII for Transactions in Cash Segment

47-RBI/12.04.2010

Exchange Rate under USSR Deferred Payment Protocol

46-RBI/08.04.2010

Consortium for Submarine Cable System

45-RBI/01.04.2010

Buyback Provision of FCCB Restored

44-RBI/29.03.2010

Exchange Rate under USSR Deferred Payment Protocol

43-RBI/29.03.2010

Export Credit of US $50 mn to Zambia

42-RBI/25.03.2010

Export Credit of USD 15mn to Benin

41-RBI/05.03.2010

New Norms for Rupee Loans against Valuation Guarantee

40-RBI/02.03.2010

New Category of Infrastructure Finance NBFC Announced without Restrictions of Government Source

39-RBI/02.03.2010

RBI Extends ECB Facility to Cold Storage for Preservation of Agri and Marine Products

38-RBI/02.03.2010

Export Credit of USD 25mn to Congo

37-RBI/25.02.2010

Online Reporting System for Overseas Direct Investments from 2 March

36-RBI/24.02.2010

New ACU Norms Released

35-RBI/17.02.2010

Export Credit of US $15 mn to Mali

34-RBI/11.02.2010

Limited Powers to Approve ECB Conditions given to ADs

33-RBI/09.02.2010

Export Credit of US $100 mn to Russia

32-RBI/09.02.2010

Export Credit of US $36 mn to Mali

31-RBI/05.02.2010

Cash Limit Enhanced to Rs. 7500 for Travel Abroad

30-RBI/01.02.2010

Export Credit of US $40 mn to Tanzania

29-RBI/28.01.2010

RBI Allows Euro, GBP and Yen Trading

27-RBI/19.01.2010

Foreigner in India Earn Operate Tax Paid Salary Account outside India

26-RBI/14.01.2010

Person of India Origin Allowed to Own Property in India

25-RBI/13.01.2010

Export Credit of US $10 mn to Djibouti

20-RBI/17.12.2009

ECB Policy Modified

19-RBI/09.12.2009

Vostro Accounts of Non Resident Exchange Houses

16-RBI/27.11.2009

Send Suspicious Transactions Report to FIU Exhorts RBI, Non Profit Organisations Covered in Rule Amendment

15-RBI/19.11.2009

Maldives Included as a Member of ACU

14-RBI/30.10.2009

Opening of Diamond Dollar Accounts

13-RBI/29.10.2009

Garment Exports to get 2% Interest Rate Subvention

RBI/2009-10/182 DBOD.Dir.(Exp).BC.No. 48/04.02.001/2009-10 dated 12th October 2009

Interest Subvention Scheme of 2.5 Percent on Export Credit Extended to 30 April 2010

RBI/2009-10/197 – MPD.BC.326 / 07.01.279/2009-10 dated 28 October 2009

Bank Guarantee Limit Raised to US $500,000 for Service Importers

11-RBI/05.10.2009

Advance Remittance for Services Imports– Enhanced Limit of US $ 500,000 not Applicable to Government Bodies – MoF Approval Required

10-RBI/05.10.2009

Export Credit of US $30 mn to Mozambique

09-RBI/24.09.2009

RBI Permits Diplomatic Missions to Credit Visa Fees in FC Account which are Collected in India in Indian Rupees by Way of Transfer

08-RBI/14.09.2009

No More Police NOC for Money Changers

06-RBI/03.08.2009

Modified Reporting Mechanism for Shares FDI

63-RBI/22.04.2009

Guidelines on Money Changing Activities

57-RBI/09.03.2009