Government Agency Business Arrangement – Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI)
May 10, 2021 All Scheduled Commercial Banks in India Dear Sir / Madam Government Agency Business Arrangement – Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank…
Amendment to the Master Direction (MD) on KYC
May 10, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Sir, Amendment to the Master Direction (MD) on KYC Please refer to the Master Direction (MD) on KYC dated…
Relaxation for Hospitals, Dispensaries, Nursing homes, Covid care facilities and other Medical care facilities to receive/accept cash payments of Rs. 2 lakhs and above.
New Delhi, the 7th May, 2021 Granting further relief in view of severe Covid pandemic, Provisions of section 269ST of Income-tax Act,1961 relaxed by the Central Govt. allowing Hospitals, Dispensaries,…
CBDT amends Rule 2B to provide exemption for cash allowance in LIEU of LTC
New Delhi, the 5th May, 2021 G.S.R. 320(E).—In exercise of the powers conferred by clause (5) of section 10 read with section 295 of the Income-tax Act, 1961 (43 of…
NRS having income from transfer of capital asset referred to section 47(VIIAB) exempt from obtaining PAN.
New Delhi, 4th May, 2021 G.S.R. 318(E).—In exercise of the powers conferred by clause (d) of sub section (8) of section 139A and clause (ii) of sub-section (7) of section…
Exim Bank’s Government of India supported Line of Credit (LoC) of USD 7.35 million to the Government of the Republic of Nicaragua
May 06, 2021 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s Government of India supported Line of Credit (LoC) of USD 7.35 million to the Government of the…
Exclusion of “Lakshmi Vilas Bank Ltd” from the Second Schedule to the Reserve Bank of India Act, 1934
May 06, 2021 All Banks Madam/Sir Exclusion of “Lakshmi Vilas Bank Ltd” from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Lakshmi Vilas…
Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs)
May 5, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Cooperative BanksAll All-India Financial InstitutionsAll…
Resolution Framework – 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses
May 5, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Cooperative BanksAll All-India Financial InstitutionsAll…
Credit to MSME Entrepreneurs
May 05, 2021 All Scheduled Commercial Banks Madam/Sir Credit to MSME Entrepreneurs Please refer to our circular DOR.No.Ret.BC.37/12.01.001/2020-21 dated February 5, 2021, on captioned subject. 2. In terms of the…