Reserve Money for the week ended February 02, 2024 and Money Supply for the fortnight ended January 26, 2024

February 7th, 2024

Posted By: Team-MMTaxClub News & Updates

The Reserve Bank has today released data on Reserve Money for the week ended February 02, 2024 and Money Supply for the fortnight ended January 26, 2024.

Source

CCI approves subscription to compulsory convertible debentures of Napino Auto and Electronics Limited by IFC

Auction for Sale (re-issue) of (i) ‘7.10% GS 2034’ and (ii) ‘7.46% GS 2073’

RBI imposes monetary penalty on The Nakodar Hindu Urban Co-operative Bank Limited, Nakodar

Launching of 41st Round of Quarterly Services and Infrastructure Outlook Survey (SIOS) Q1:2024-25

RBI imposes monetary penalty on Jogindra Central Co-operative Bank Ltd., Solan, Himachal Pradesh

Payroll Data: EPFO adds 15.48 lakh net members during February 2024

CBDT signs record number of 125 Advance Pricing Agreements (APAs) in FY 2023-24

Authorisation of Chairperson of DRAT, Chennai regarding discharging the functions of Chairperson, DRAT, Mumbai.

Auction for Sale (issue/ re-issue) of (i) ‘7.37% GS 2028’ and (ii) ‘New GS 2064’

RBI announces Decision on two applications received under Guidelines for ‘on tap’ Licensing of Small Finance Banks

7th round of the India-Peru Trade Agreement Negotiations concludes in New Delhi

Sixteenth Finance Commission (XVIFC) invites applications for Young Professionals (YPs)/Consultants on contract basis

DGFT notified timelines and Procedures for registration under the Import Monitoring System (MS-IMS) for import of Melon Seeds

Auction for Sale (issue/ re-issue) of (i) ‘7.32% GS 2030’, (ii) ‘New GS 2039’ and (iii) ‘7.30% GS 2053’

Second highest monthly Gross GST Revenue collection in March at ₹1.78 lakh crore; Records 11.5% y-o-y growth (18.4% on net basis)

Government’s Borrowing plan for first half of FY 2024-25

Rate of interest on Government of India Floating Rate Bond 2033

Omnibus Framework for recognition of Self-Regulatory Organisations for Regulated Entities of the Reserve Bank

RBI imposes monetary penalty on Karad Urban Co-operative Bank Ltd., Karad

RBI imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Sehore, Madhya Pradesh

Premature redemption of a part of outstanding stock of Non-interest bearing Government of India IDBI Special Security, 2024.

General Elections to Legislative Assemblies of Arunachal Pradesh and Sikkim, 2024 -Deployment of Expenditure Observers

RBI imposes monetary penalty on Tamilnad Mercantile Bank Limited

Central Govt. further amended notification no. 50/2017-Customs, dated the 30th June, 2017 for EV’s

Central Government reconstitutes an Advisory Board for a period of one year under Foreign Exchange and Prevention of Smuggling Activities Act

Government approves E- Vehicle policy to promote India as a manufacturing destination for EVs

Highest monthly merchandise exports, in the current FY so far, recorded in February 2024

DRI’s busts major gold smuggling syndicate; seizes over 61 kg gold worth Rs. 40 crore in a Pan-India Operation ‘Rising Sun’

MHA decides to extend financial support of 50% on GST on purchase of goods from Kendriya Police Kalyan Bhandar as a welfare measure

Ghaziabad Restaurant Fined for Illegally Imposing Extra Service Charge on Doon Resident

India-EFTA Trade and Economic Partnership Agreement

Income Tax Department to mount e-campaign for Advance Tax e-campaign for F.Y. 2023-24

MCA revises threshold limits for value of Assets and Turnover for purposes of combination filings under Competition Act, 2002

CBIC Encouraged Women participation in International Trade

CCI notifies three distinct regulations on determination of turnover, settlement, commitment and penalty guidelines in relation to an enterprise

PFRDA inaugurates app to widen financial inclusion through fintech and to boost NPS

DGFT amends the import policy condition for Duck Meat in Chapter 2 of ITC (HS) 2022, Schedule–I (Import Policy)

Revised Registration Timelines and Procedures for Import of Yellow Peas under YP-IMS Post-March 31, 2024 at Indian Ports

Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Pune Sahakari Bank Ltd., Shivajinagar, Pune, Maharashtra

DGFT notifies Export of Onions (under HS code 0703 10 19) to Bhutan, Bahrain and Mauritius through NCEL

Reconstitution of Central Advisory Board under PITNDPS Act 1988

Government transfer of five cases from DRAT Delhi to DRAT Mumbai

Repayment of 8.35% SBI RTS ISU GOI SPL Bond 2024

CBI has arrested six persons including two NHAI Officers, in bribery of Rs.20 lakh; recovers Rs 1.1crore

Filed bank officer arrested to taking Rs.7000/- bribe in UP

RBI received 97.62% of the ₹2000 banknotes as on February 29, 2024, ₹8470 crore yet to come back

Progress of NEFT and RTGS Systems, highest number of transactions processed in a day so far

DGFT Notified the Export of Onions (under HS code 0703 10 19) to Bangladesh.

Financial Intelligence Unit-India (FIU-IND) imposes penalty of Rs. 5,49,00,000 on Paytm Payments Bank Ltd with reference to violations of its obligations under PMLA

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman virtually launches seven infrastructure projects worth over Rs, 1,000 crore from New Delhi

Union Finance Minister Smt. Nirmala Sitharaman virtually presides over handing-over ceremony of 101 antiquities seized by Customs to the Archaeological Survey of India (ASI)

Implementation of Electronic Cash Ledger (ECL) for payment of Import duties

Union Finance Minister Smt. Nirmala Sitharaman launches Electronic Data Interchange (EDI) at remote Land Customs Stations in North Eastern States

ED Conducted search operations under PMLA at 10 locations in Mumbai, Chennai and Kochi

ED has attached immovable property in the form of land of Kesari Satish, an employee of Department of Posts, to the extent of Rs. 3.26 Lakh under the provisions of Prevention of Money Laundering Act (PMLA), 2002.

Customs Commissionerate, Indore (Bhopal Zone) disposes off 40.86 lakhs sticks of Smuggled foreign origin Cigarettes, Cigars and Rolling Paper, valued at Rs. 3.89 Crores at Raipur

Download ICAIs 2024 Bank Branch Audit Excel Utility for Streamlined Auditing

Designated court sentences then branch manager of UCO bank to 05 years’ rigorous imprisonment

Designated courts at Ahmedabad and Madurai sentence five accused including then income tax officer to three years rigorous imprisonment with fine

PFRDA notifies amendments to Retirement Adviser (RA) regulations for Good Governance and ease of compliance

Financial Literacy Week 2024 and Financial Literacy Ideathon

Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj, Maharashtra – Extension of Period

RBI imposes monetary penalty on G P Parsik Sahakari Bank Ltd., Thane

RBI imposes monetary penalty on Transport Co-operative Bank Ltd., Indore, Madhya Pradesh

RBI imposes monetary penalty on Janseva Co-operative Bank Limited, Nashik, Maharashtra

RBI imposes monetary penalty on Hanamasagar Urban Co-operative Bank Ltd., Hanamasagar, Karnataka

Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949 – Additional Steps

Directions under Section 35A read with Section 56 of the BR Act 1949 (AACS) - Thodupuzha Urban Co-operative Bank Ltd, Kerala - Extension of period

DGFT suspends inactive Standard Input-Output Norms (SIONs) from April 1, 2024

Government proposes to increase Multi sector SEZ at panapakkam village, Ranipet District, Tamil Nadu

CBIC notified Public Tech Platform for Frictionless Credit for Enhanced Credit Ecosystem Sharing

What is Public Tech Platform for Frictionless Credit

CBI arrests an enforcement officer, EPFO for accepting a bribe of rupees Two lakh

PFRDA notifies amendments to National Pension System Trust (NPST) and Pension Fund Regulations for Good Governance

Cabinet approves amendment in the Foreign Direct Investment (FDI) policy on Space Sector

MoF notified reporting entities to perform aadhar authentication service under PMLA

APEDA formulates roadmap to push organic exports from Uttarakhand and Sikkim

CBIC removes the end date on export duty on Parboiled Rice and prescribes specific conditions on imports of Yellow Peas

India’s demographic dividend to spur economic partnerships with European countries: Sh. Goyal

Union Finance Minister chairs 28th meeting of Financial Stability and Development Council (FSDC) in New Delhi

PFRDA notifies amendments to National Pension System Trust (NPST) and Pension Fund Regulations for Good Governance

MCA issued circular on Deployment and usage of Change Request Form (CRF) on MCA-21

MCA notified enforcement date of section 33 of Competition (Amendment) Act, 2023

CBIC amended Custom Notification No11/2021 to include goods under heading 5201

Key Highlights of the Assam Budget 2024-25

India on track to become $35 trillion, fully developed economy by 2047: Shri Piyush Goyal

Government will appoint Member to the 16th Finance Commission in lieu of Dr. Niranjan Rajadhyaksha

APEDA facilitates export of Bananas from India to Moscow, Russia via Sea

DFS Secretary chairs conference of heads of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery of Tribunals (DRTs) in New Delhi

APEDA catapults agricultural exports from modest USD 0.6 billion exports in FY1987-88 to USD 26.7 billion in FY 2022-23

Supreme Court issued new procedure for Adjournment Request

Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949

Payment Intermediary by Card Network – Restraining of Unauthorized Payment System

Terms of Reference signed between Reserve Bank of India and Nepal Rastra Bank on Integration of Unified Payments Interface (UPI) of India with National Payments Interface (NPI) of Nepal for cross-border remittances

India’s merchandise exports in Jan 2024 registers 3.12 % growth at USD 36.92 Billion over USD 35.80 Billion in Jan 2023

Ministry of Defence records ₹1 lakh crore total order value on Government e-Marketplace since portal’s inception

16th Finance Commission holds first meeting under Chairmanship of Dr. Arvind Panagariya in New Delhi

Ministry of Defence records ₹1 lakh crore total order value on Government e-Marketplace since portal’s inception

Index Numbers of Wholesale Price in India for the Month of January, 2024 (Base Year: 2011-12)

Medical Benefits to be extended to superannuated Insured Persons with relaxed norms under ESIC

The Central Board Trustees (CBT) EPF recommends 8.25 % rate of interest to EPF subscribers for FY2023-24

Nine NBFCs and One HFC surrender their Certificate of Registration to RBI

RBI cancels Certificate of Registration of Three NBFCs

Department of Telecom blocks about 1.4 lakh mobile handsets linked to financial frauds

Total approved funding of Rs 802.98 crore as on 31st December 2023 provided to startups

DPIIT coordinates initiatives for Ease of Doing Business creating a conducive business environment

The Government of India is committed to promote Agri-startups by providing financial and technical support

Govt. releases states of increase in income of farmers on implementation of various schemes

Capacity Building Maldivian Civil Servants: The NCGG achieves the milestone of training 1000 civil servants of Republic of Maldives

Publication for notifying manufactured drugs, psychotropic substances and their small and commercial quantities

Contribution of MSME Sector in GDP in last five years

RBI releases the results of Forward Looking Surveys

RBI imposes monetary penalty on The Nakodar Hindu Urban Cooperative Bank Ltd., Nakodar, Dist. Jalandhar, Punjab

RBI imposes monetary penalty on Zoroastrian Co-operative Bank Ltd., Mumbai

RBI imposes monetary penalty on Bombay Mercantile Co-operative Bank Ltd

RBI imposes monetary penalty on The Navnirman Co-operative Bank Ltd., Ahmedabad, Gujarat

65th Meeting of Network Planning Group under PM GatiShakti evaluates five infrastructure projects

RBI Governor’s Statement on Monatory Policy: February 8, 2024

Monetary Policy Statement, 2023-24 Resolution of the Monetary Policy Committee (MPC) February 6 to 8, 2024

DPIIT coordinates initiatives for Ease of Doing Business creating a conducive business environment

APEDA promotes export of agricultural products, including millets, from India

Govt. cognizant of importance of supply chain and effective logistics for improved resilience in domestic production and trade

Credit for Micro Small and Medium Enterprises

Development of MSME in the country

Authorisation of Chairperson of DRAT Mumbai discharging the functions of Chairperson DRAT Delhi

Indian Toy Makers receive huge orders at Germany’s Nuremberg International Toy Fair

Shri Goyal emphasizes on importance of production of high-quality goods ensuring benefits extend to both businesses and consumers

RBI cautions against frauds in the name of KYC updation

Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on February 05, 2024 (Series I of SGB 2016-17)

Final redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for final redemption of SGB 2016-I due on February 08, 2024

Filing of the MCA eForm may be impacted from 3rd February 2024, 14:00 PM to 5th February 2024, 06:00 AM

Download PDF copy of interim budget 2024 Finance Minister Speech

HIGHLIGHTS OF THE INTERIM UNION BUDGET 2024-25

SUMMARY OF THE INTERIM UNION BUDGET 2024-25

Budget 2024: Budget Proposes to Establish a Corpus of Rupees One Lakh Crore For Youth

Empowerment of Women Through Entrepreneurship, Ease of Living, And Dignity For Them Has Gained Momentum: Finance Minister

Interim Budget 2024: Average Monthly Gross GST Collection Doubles To ₹1.66 Lakh Crore

Government Committed to Empower Amrit Peedhi - The Yuva : Union Finance Minister

Poor, Women, Youth And Farmer are the Four Major Castes of Focus For The Government: Union Finance Minister

Rs. 75,000 Crore Worth 50-Year Interest Free Loan to States to Realise Vision Of ‘Viksit Bharat

Interim Budget 2024: Government Focused on More Comprehensive GDP - Governance, Development and Performance

Interim Budget 2024: Government Committed to Strengthen and Expand Economy With High Growth

Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949

Lending and Deposit Rates of Scheduled Commercial Banks – January 2024

Commemorative Coin on 125th Birth Anniversary of Shri Ram Chandraji of Shahjahanpur

DPIIT organizes nationwide ‘One District One Product Sampark’ events to spur local e-commerce growth, promote artisans and farmers

Government appoints Members of the Sixteenth Finance Commission

DGFT organizes National Conference on Strategic Trade Controls

RBI imposes monetary penalty on Bhilai Nagrik Sahakari Bank Maryadit, Bhilai, Chhattisgarh

RBI imposes monetary penalty on Dr. Panjabrao Deshmukh Urban Co-operative Bank Limited, Amravati, Maharashtra

Standing Liquidity Facility for Standalone Primary Dealers

ED has provisionally attached assets worth Rs. 58.82 Crore belonging to Padam Singhee, and M/s Max Tech Oil & Gas Services Pvt Ltd

ED investigation press release on Lalu Yadav family in Land for Job Scam

CBIC amended Notification No. 50/2017-Customs, dated the 30th June, 2017

Govt. of India working in mission mode to develop robust quality ecosystem in India

CBIC celebrates International Customs Day-2024 with theme of ‘Customs engaging traditional and new partners with purpose’ in New Delhi

In the Aadhaar (Sharing of Information) Regulations,

DGFT to discuss trade regime of dual-use goods, software and technology on Jan 30

Final stage of preparations for Interim Union Budget 2024 commences with Halwa Ceremony

Government allows direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC

CBIC notified Non-Levy of Customs Duty on the import of hearables Goods for the period February 01, 2022 to April 27, 2023 u/s 28A of the Customs Act

CBIC notified Non-Levy of Customs Duty on the import of wearables Goods for the period February 01, 2022 to April 27, 2023 u/s 28A of the Customs Act

CBIC imposes Additional Duty on import of gold or silver falling under entry 7112, 7113 and 7118

Department of Revenue Notify reporting entity to perform aadhar authentication

KVIC launches Khadi Sanatan Vastra from its flagship store in Connaught Place

PFRDA notifies PoP Regulations requiring only one registration for National Pension System

Department of Revenue, invites suggestions on draft Indian Stamp Bill, 2023

ED has conducted follow up search operations on 16.01.2024 at 8 locations in Jaipur & Banswara districts of Rajasthan under the Provisions of Money Laundering Act, 2002 (PMLA) in the Jal Jeevan Mission Scam.

ED has provisionally attached properties worth Rs. 5 Crore approx. under the provisions of Prevention of Money Laundering Act (PMLA), 2002 in the case of Mohammad Akbar Bhat and others in relation to terrorist activities.

ED has arrested Md Ezhar Ansari on 16/01/2024 under the provisions of Prevention of Money Laundering Act (PMLA), 2002 being found guilty of offence of Money laundering in coal linkage misuse case.

ED has arrested Sadhu Singh Dharamsot, Ex. Forest Minister of Punjab under the provisions of the Prevention of Money Laundering Act (PMLA),

PFRDA notifies Point of Presence (PoP) Regulations requiring only one registration for National Pension System

India’s merchandise exports in December 2023 registered 0.96% growth at USD 38.45 Billion over USD 38.08 Billion in December 2022.

PM inaugurates new campus of National Academy of Customs, Indirect Taxes & Narcotics at Palasamudram, Sri Sathya Sai District, Andhra Pradesh

Advisory on introduction of new Tables 14 & 15 in GSTR-1

ED has arrested Nitin Tibrewal and Amit Agrawal on 12.01.2024 under the provisions of Prevention of Money Laundering Act (PMLA ), 2002 for their role in the operations of Mahadev Online Book

ED has arrested 05 persons under the provisions of Prevention of Money Laundering Act (PMLA),2002 on 11.01.2024 in the matter of Paper Leak Case of Senior Teacher 2nd Grade Competitive Examination, 2022 in Rajasthan

ED has conducted searches on 13.01.2024 under the provisions of Prevention of Money Laundering Act (PMLA), 2002 at 8 premises in Madhya Pradesh

(ED) has provisionally attached 62 immovable properties worth Rs.30.28 Crore approx. belonging to M/s Heera Construction Co. Pvt. Ltd.

DPIIT organises Startup India Innovation Week from 10th-18th January 2024

Joint Statement on India - United States Trade Policy Forum

14th Ministerial-level meeting of the India-United States Trade Policy Forum (TPF) held in New Delhi

Auction of State Government Securities

RBI imposes monetary penalty on Sakthi Finance Limited, Coimbatore, Tamil Nadu

RBI imposes monetary penalty on ESAF Small Finance Bank Limited

RBI imposes monetary penalty on Punjab and Sind Bank

RBI imposes monetary penalty on Dhanlaxmi Bank Ltd

Reserve Bank of India cancels the licence of The Hiriyur Urban Co-operative Bank Ltd., Hiriyur, Karnataka

Reserve Bank of India cancels the license of Shree Mahalaxmi Mercantile Co-operative Bank Ltd., Dabhoi, Gujarat

India Post Payments Bank enter into MoU with Hindustan Zinc to offer financial inclusion services

GIFT City to be the gateway for India’s vision to become developed nation by 2047

Direct Tax collections at 80.61% of total Budget Estimates of Direct Taxes for F.Y. 2023-24 upto 10.01.2024

Performance of DGGI in the year 2023

CBIC’s Instructions on requirement of quality control or inspection or both, prior to export as per Milk and Milk Products (Quality Control, Inspection & Monitoring) Rules, 2020

India-UAE Business Summit held as part of Vibrant Gujarat Global Summit 2024 to strengthen bilateral ties

DPIIT organises Startup India Innovation Week 2024 from 10th-18th January 2024

PM GatiShakti is India s revolutionary offering to the world and future planning tool for infrastructure globally: Sh. Piyush Goyal

Seminar on PM GatiShakti: Informed Decision-Making for Holistic Development at 10th Vibrant Gujarat Summit

CCI approves acquisition of remaining 30% equity stake in Signet Excipients Private Limited by IMCD India Private Limited

Chairperson of DRAT Mumbai authorises to discharging the functions of Chairperson DRAT Delhi

Auction for Sale (re-issue) of (i) ‘7.37% GS 2028’, (ii) ‘7.18% GS 2033’ and (iii) ‘7.30% GS 2053’

New HSN Code Requirement for E-way Bills effective feb1 -2024; 6Digites for AATO >Rs.5crores, 4Digites for AATO>Rs.5crores

Government of India constitutes Sixteenth Finance Commission with Dr. Arvind Panagariya as its Chairman

Govt to extend RoDTEP scheme benefits to e-commerce exports through post and courier

Union Commerce and Industry Minister Shri Piyush Goyal releases ‘E-Commerce Exports Handbook for MSMEs’

Entire amount of pre-deposit not to be paid from Electronic Cash Ledger for filing appeal under Amnesty Scheme

Delhi Customs Preventive seizes more than 3 kg smuggled gold worth Rs. 1.96 crore at IGI Airport, 2 arrested

DFS Secretary Dr. Vivek Joshi chairs meeting to review progress made in financial fraud cases

Centre extends date of inviting fresh applications under PLI Scheme Textiles upto 31st December 2023

Why DRC -01C Error coming Again? Is it will continue to be every month?

Important Update: Mandatory 6-Digit HSN Code in E-Invoices for Taxpayers with AATO of 5 Cr and above from December 15, 2023

Delhi Customs Preventive registers case of illegal import of foreign-origin cigarettes worth over Rs.55 lakh

Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023

Ministry of Finance, hosts APG Annual Typologies Workshop in association with Asia Pacific Group on Money Laundering (APG) and the World Bank

DFS Secretary chairs meeting on Cyber Security in Financial Services Sector and Online Financial Frauds

National Academy of Customs, Indirect Taxes and Narcotics (NACIN) and National Academy of Direct Taxes (NADT) sign a Memorandum of Understanding (MoU) for sharing of resources

Vice-President describes Chartered Accountants as finance form of MRI and CT scan

Central Government appointed Shri Prakash Kumar, as Deputy Managing Director of SIDBI

MoF authorises Chairperson of the DRAT, Mumbai to discharge function of DRAT Delhi for Ashok Kumar Mehta

MoF authorises Chairperson of the DRAT, Mumbai to discharge function of DRAT Delhi for Golf Technologies

Publication of amendments in the Notification under PMLA 2002

Ministry of Finance Notified Amendment in the Insurance Ombudsman Rules, 2017

DGGI Meerut Officials bust a massive syndicate involving 102 fake entities with a staggering turnover of Rs. 1,481 crore, four held

DGFT circular regarding the subsequent re-import of unsold jewellery

EPFO records highest payroll addition with 18.75 lakh net members during the month of July, 2023

All-India Consumer Price Index Numbers for Agricultural and Rural Labourers – August, 2023

NEW Time limit for Reporting of Invoices on the IRP Portal w.e.f 1st Nov, 2023.

India extends curbs on rice exports with 20% duty on parboiled variety

Finance Minister urges Finance Ministry and MCA to Focus on Process Simplification

List of Banks authorised by RBI to import Gold/Silver for FY 2023-24

Authorization of Booking Post Offices and their corresponding Foreign Post Offices in terms of the Postal Export

Relief to 137 MSMEs provided under “Vivad Se Vishwas I - Relief to MSMEs” scheme

Revenue saved through Direct Benefit Transfer (DBT) subsidy schemes

Union Finance Minister Smt.Nirmala Sitharaman presides over the 164th Income Tax Day celebrations at New Delhi

Banks get ₹5,729 crore from “Depositor Education and Awareness” (DEA) Fund towards refund of settling unclaimed deposits

CBIC issued Instructions on the Suspension of Licence of Customs Broker

CBIC Instructions on Notification of Authorized Officers for Food Imports

Amendment in import policy condition of Cigarette lighters

GST promotes cooperative federalism and reduces corruption and tax evasion: Hon’ble Governor of Maharashtra, Shri Ramesh Bais

Mandatory additional qualifiers in import/export declarations in respect of certain products w.e.f. July 01, 2023

Amnesty scheme for one time settlement of default in export obligation by Advance and EPCG authorization holders — Amendment reg.

DGFT issued amendment in the import policy condition of Cigarette lighters

Procedure for allocation of quota for export of broken rice on humanitarian and food security grounds, based on requests received from Governments of other Countries.

Increased TCS rates of 20% in LRS foreign remittance deferred from july 01, 2023 to October 1st, 2023

Process for EOP extension and issuance of EODC for Advance Authorisation for Annual requirement

Amendment in Export policy of HS Code 2610 w.r.t Chromium Ores and Concentrates

DGGI Gurugram officials bust racket involving 539 fake entities and fraudulently claiming ITC of Rs. 1,124.66 crore

CBI ARRESTS 2 SUPERINTENDENTS & 3 INSPECTORS IN BRIBERY OF Rs.7 LAKH

Amendment in Paragraph 10.08 (ix) in the Foreign Trade Policy 2023 to amend the Policy for General Authorisation for Export of Chemicals and related Equipments (GAEC).

Amendment in Paragraph 10.16 (A) in the Handbook of Procedures 2023 to amend the procedure for (GAEC) and related Equipments .

RBI imposes monetary penalty on Dombivli Nagari Sahakari Bank Limited, Dombivli (Maharashtra)

RBI imposes monetary penalty on Andhra Pradesh Mahesh Co-operative Urban Bank Ltd., Hyderabad

RBI imposes monetary penalty on The Urban Co-operative Bank Ltd., Rourkela (Odisha)

RBI clarification on missing Rs.500/- banknote worth of 88032.50 crore

Courier Imports and Exports (Electronic Declaration and Processing) (Second Amendment) Regulations, 2023.

DGGI Gurugram officials bust ITC racket involving 461 shell entities with fraudulently claiming Rs 863 crore, 2 held

Gross Direct Tax collections for Financial Year (FY) 2023-24 register a growth of 12.73%

Consumers to pay less for edible oils with reduction in Basic Import Duty on Refined Soyabean oil and Refined Sunflower Oil by 5%

CBIC releases National Time Release Study (NTRS) 2023 report

Simplified regulatory framework for e-commerce exports of Jewellery through Courier mode

2- Factor Authentication for logging in to e-Way Bill/e-Invoice system.

ED provisionally attached 59 properties of former statutory auditor of M/s Shakti Bhog Foods Ltd

DGFT Amended import policy of Copra

CBIC issued Circular regarding Faceless Assessment for Re-organisation of NACs and FAGs

Online facility of requesting appointment for virtual meeting/personal hearing to the exporters

DGFT amends the Policy condition for the export of rice (Basmati and Non-Basmati)

Increased limit for tax exemption on leave encashment for non-government salaried employees notified

Income Proof mandatory for investment in Post office small saving schemes

From which date will the exchange facility be available for Rs.2000 Note?

Can ₹2000 banknotes be exchanged through Business Correspondents (BCs)?

Is there an operational limit on the amount of ₹2000 banknotes that can be exchanged?

What should the public do with the ₹2000 denomination banknotes held by them?

Does the legal tender status of ₹2000 banknotes remain?

What is Clean Note Policy? RBI FAQ

Why are ₹2000 denomination banknotes being withdrawn?

RBI guidelines to bank w.r.t withdrawal of Rs.2000 Bank note

RBI Withdrawal ₹2000 Banknotes from Circulation; Check out Press Release

C-PACE established for providing hassle-free filing, timely and process-bound striking off companies

Amendment in import policy condition of Apples | DGFT Notifications

Government launches Vivad se Vishwas scheme for relief to MSMEs

Union Finance Minister Smt. Nirmala Sitharaman chairs review meeting with Central Board of Direct Taxes

Validity of ad-hoc norms w.r.t Advance Authorization extended upto 31st March 2026

DGFT Amends the amesty scheme for one time settlement of default in export obligation by Advance and EPCG authorization holders

DGFT issued amended Interest Equalisation Scheme in respect of UIN

Scrap dealer arrested for tax evasion

GST evasion detection nearly doubles to Rs 1.01 lakh cr in FY23

Amendments under Interest Equalisation Scheme in respect of UIN

Registration of Importers as per provision of Plastic Waste Management Rues, 2016, as amended-reg

Extension of last date for updation of Member’s Profile with GSTIN at Self Service Portal – Till 23rd April, 2023

Waiver of interest on duty payable in respect of goods where payment is to be made from ECL

More than Rs.40,700 crore sanctioned to over 1,80,630 accounts under Stand-Up India Scheme in 7 years

Finance Ministry to constitute 16th Finance Commission this year

Procedure, format and standards for filling an application in Form No. 15C or Form No. 150 for grant of certificate for no-deduction of income-tax

CBDT Signs 95 Advance Pricing Agreements in FY 2022-23

Piyush Goyal announced a dynamic and open ended Foreign Trade Policy 2023

Government extended due date for linking aadhar with Voter ID

Bihar board inter 12th result 2023 announced | check out result

Free CA certificates for traders below ₹20L annual turnover

Customs, Excise and Service Tax Appellate Tribunal (CESTAT) to commemorate 40 years of glorious and successful journey

Calcutta High Court slaps ₹20,000 costs on Income Tax officer for issuing notice to non-existent entity twice

Digital Payments Awareness Week 2023 – Launch of Mission “Har Payment Digital”

CBI ARRESTS AN ABSCONDING ACCUSED IN A CASE RELATED TO MULTI-THOUSAND CRORE FINANCIAL SCAM

EPFO will hold Nidhi Aapke Nikat 2.0 programme on February 27

DGFT provided one time relaxation in submission of additional fee to cover excess duty utilised in EPCG authorisations

Details of ex-bond Bill of Entry / Shipping Bill to be maintained by licensee of the warehoused goods

ED has filed a Prosecution complaint before Hon’ble Special Court Madurai, Tamil Nadu against M/s. Bluemax Capital Solution Private Limited

ED has carried out search operations, and freezed the an amount of Rs.29.5 Crore w.r.t cheating of gullible investors through App-based token

ED has arrested Shailesh Kumar Pandey and Prasenjit Das w.r.t illegal Forex Trading in TPG Global FX

RBI releases Outward Foreign Direct Investment (OFDI) for January 2023

Court convicts nine accused including then assistant general manager, IDBI bank & others for causing loss of Rs.99.21 lakh to bank

Cabinet approves signing of Memorandum of Understanding between the ICAI and ICAEW

CBIC instruction on BIS standards for toys or parts of toys during import

CBDT: Offices established for Boards for Advance Rulings in Delhi and Mumbai

DRI seizes 24.4 kg gold smuggled from Bangladesh in Operation Eastern Gateway

RBI imposes monetary penalty on The Vaidyanath Urban Co-operative Bank Limited, Parli Vaijnath, Beed (Maharashtra)

THREE ACCUSED INCLUDING THEN AGM OF IDBI BANK SENTENCED TO UNDERGO TWO TO FOUR YEARS RIGOROUS IMPRISONMENT IN SEPARATE CASES

CBI ARRESTS THREE PUBLIC SERVANTS IN TWO SEPARATE CASES OF BRIBERY

THREE YEARS RIGOROUS IMPRISONMENT TO TWO OFFICIALS OF HDFC BANK IN A BRIBERY OF Rs. TWO LAKH

CBI arrests Hyderabad based chartered accountant in Delhi excise policy case

Import of High risk food products at specific ports

Assistance in filing of the applications for fixation of Standard Inputs Output Norms

Alignment of RoDTEP Schedule for chapter 28, 29, 30 & 73 with First Schedule of the Customs Tariff Act, 1975

Under PMLA, Rs. 936 crore related to crypto currency is attached/seized/freezed by ED as on 31.01.2023

DGGI and NFSU signed a MoU for setting up of digital forensic laboratories

Blockchain Technology (BCT) is one of many promising technologies: RBI

ED seized ₹859.15 crore under PMLA and Rs 189.28 crore under FEMA Act

India received highest ever foreign inward remittances in a single year of $89,127 million in FY 2021-22

RBI statement on health of Indian banking sector in amid of ongoing controversies of Adani Group

ED has provisionally attached movable and immovable assets to the tune of Rs. 9,12,58,507/- under the PMLA, 2002

ED has provisionally attached movable assets and immovable assets worth Rs 6.30 Crore in the matter of Saradha Group of Companies

CBI filed FIR against GTL Ltd in Bank Fraud case of Rs.4,760 crore : Despite RBI Red flag

The President is pleased to award Appreciation Certificates and Medals to the officers and staff of CBIC

RBI imposes monetary penalty on Nutan Nagarik Sahakari Bank Ltd

RBI extends time for renewal of agreements for existing Safe Deposit Locker

CBI registers a case on the allegations of leakage of question papers of Arunachal Pradesh public service commission exam

ED has provisionally attached immovable assets having P.V of Rs. 90,38,912/- belonging to M/s Kausahalya Nirman Pvt Ltd and Kaushalya Township

ED conducted searches at various locations in Mumbai, Bengaluru, and Chennai at premise of M/s Vihaan Direct Selling India Private Limited

CBI ARRESTS RAILWAY MANAGER (IRSE-1997), OPERATOR IN A BRIBERY OF Rs. 50 LAKH AND ALSO RECOVERS Rs.47 LAKH(APPROX) DURING SEARCHES

CBIC exempted custom duty on export of covid vaccines

CBI RECOVERS Rs. 1.03 CRORE (APPROX.) SO FAR INCLUDING IN FURTHER SEARCHES AT AROUND 39 LOCATIONS IN A MASSIVE OPERATION ‘KANAK’ AND ALSO ARRESTS A MANAGER OF FCI : SO FAR, SEARCHES AT AROUND 99 LOCATIONS

RBI imposes monetary penalty on Bahadur Chand Investments Private Limited, New Delhi

CBIC issued clarification regarding GST rates and classification of certain goods based on the recommendations of the GST Council in its 48th meeting

CBIC issued clarifications regarding the applicability of GST on certain services

Instruction regarding Health Warning on both sides of the tobacco product packages covering 85°/» of display area - reg.

UIDAI urges verification entities to adhere to Aadhaar usage hygiene

Abolished the interest limit of INR 5K to Zero for submission of Statement of Financial Transactions

Release Plan of 45 company e-Forms in MCA 21 Version 3.0-reg.

CBI arrests an Income Tax officer and an auditor/CA on the allegations of bribery of Rs.2.25 lakh

Auction of State Government Securities

First Advance Estimates of National Income, 2022-23

National Startup Awards 2022 Winners to be felicitated on National Startup Day on 16th January 2023

The Pradhan Mantri National Apprenticeship Mela to be conducted in 242 districts of India on January 9, 2023

RBI imposes monetary penalty on Sharad Sahakari Bank Ltd., Pune

RBI imposes monetary penalty on The Sahebrao Deshmukh Cooperative Bank Ltd., Mumbai

RBI releases 2022 list of Domestic Systemically Important Banks (D-SIBs)

RBI imposes monetary penalty on The Baghat Urban Co operative Bank Limited, Solan, Himachal Pradesh

RBI imposes monetary penalty on Col. R.D.Nikam Sainik Sahakari Bank Ltd., Satara

Increase in Special Additional Excise Duty on high speed diesel oil w.e.f. January 3, 2023

CBIC amended exemption on Special Additional Excise Duty for Petroleum crude and Aviation Turbine Fuel w.e.f 3rd Jan 2023

Amendments in Annexure-IV under Appendix-2A (Imports of Items under TRQ under India- UAE CEPA)

Prescribing manner of filing an application for refund by unregistered persons-reg.

ATM transaction failed and money debited from Bank account, what to do?

Amendment of Appendix 2B [List of Agencies Authorised to issue Certificate of Origin (Preferential)] of Foreign Trade Policy, 2015-2020

RBI imposes monetary penalty on The Harij Nagrik Sahakari Bank Ltd., Harij, district Patan (Gujarat)

RBI imposes monetary penalty on Bank of Bahrain & Kuwait BSC, India Operations

RBI imposes monetary penalty on Bassein Catholic Co-operative Bank Ltd., Vasa

RBI imposes monetary penalty on The Janata Co-operative Bank Ltd., Godhra, Dist. Panchmahal (Gujarat)

RBI imposes monetary penalty on The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat)

RBI imposes monetary penalty on The Delhi State Cooperative Bank Ltd., New Delhi

RBI imposes monetary penalty on The Andhra Pradesh State Co-operative Bank Limited, Vijayawada

Govt may extend coal cess for green mission

Auction for Sale (reissue) of (i) 7.38pc GS 2027 (ii) 7.26pc GS 2032 (iii) 7.36pc GS 2052

FOUR YEARS RIGOROUS IMPRISONMENT TO THEN DIRECTOR(AN IA&AS OFFICER) OF AUDIT DEPARTMENT AND THREE YEARS RI TO THEN ASSISTANT SURGEON OF GOVERNMENT PRIMARY HEALTH CENTRE IN A BRIBERY CASE

THREE YEARS RIGOROUS IMPRISONMENT TO THEN ASSISTANT COMMISSIONER OF INCOME TAX AND TWO OTHERS IN A BRIBERY CASE

Measures taken by Government to boost exports

Sovereign Gold Bond Scheme 2022-23 (Series III) – Issue Price

Exchange Rate Notification No. 109/2022 - Customs (N.T.)

Class 8 dropout posing as GST official in UP arrested

RBI Governor interacts with FinTechs and Industry Associations

KVIC Chairman distributed footwear manufacturing machines and 200 B-boxes in Agra and Barabanki

Centre encouraging sugar mills to divert excess sugarcane to ethanol

Financial assistance of Rs. 46.86 Crore released to States/UTs, NIC/NICSI, during last three financial years 2020-21, 2021-22 and 2022-23 under One Nation One Ration Card (ONORC) plan for nationwide portability of ration cards

94 Financial Institutions onboarded on Account Aggregator (AA) platform as Financial Information User (FIU)

Central Bank Digital Currency (CBDC) pilot launched by RBI in retail segment has components based on blockchain technology

Reserve Money for the week ended February 02, 2024 and Money Supply for the fortnight ended January 26, 2024

CBDT Amendment of Notification dated 06.09.2018 raising the pecuniary jurisdiction of DRT.

CCI approves subscription to compulsory convertible debentures of Napino Auto and Electronics Limited by IFC

Auction for Sale (re-issue) of (i) ‘7.10% GS 2034’ and (ii) ‘7.46% GS 2073’

RBI imposes monetary penalty on The Nakodar Hindu Urban Co-operative Bank Limited, Nakodar

Launching of 41st Round of Quarterly Services and Infrastructure Outlook Survey (SIOS) Q1:2024-25

RBI imposes monetary penalty on Jogindra Central Co-operative Bank Ltd., Solan, Himachal Pradesh

Payroll Data: EPFO adds 15.48 lakh net members during February 2024

CBDT signs record number of 125 Advance Pricing Agreements (APAs) in FY 2023-24

Authorisation of Chairperson of DRAT, Chennai regarding discharging the functions of Chairperson, DRAT, Mumbai.

Auction for Sale (issue/ re-issue) of (i) ‘7.37% GS 2028’ and (ii) ‘New GS 2064’

RBI announces Decision on two applications received under Guidelines for ‘on tap’ Licensing of Small Finance Banks

7th round of the India-Peru Trade Agreement Negotiations concludes in New Delhi

Sixteenth Finance Commission (XVIFC) invites applications for Young Professionals (YPs)/Consultants on contract basis

DGFT notified timelines and Procedures for registration under the Import Monitoring System (MS-IMS) for import of Melon Seeds

Auction for Sale (issue/ re-issue) of (i) ‘7.32% GS 2030’, (ii) ‘New GS 2039’ and (iii) ‘7.30% GS 2053’

Second highest monthly Gross GST Revenue collection in March at ₹1.78 lakh crore; Records 11.5% y-o-y growth (18.4% on net basis)

Government’s Borrowing plan for first half of FY 2024-25

Rate of interest on Government of India Floating Rate Bond 2033

Omnibus Framework for recognition of Self-Regulatory Organisations for Regulated Entities of the Reserve Bank

RBI imposes monetary penalty on Karad Urban Co-operative Bank Ltd., Karad

RBI imposes monetary penalty on Jila Sahakari Kendriya Bank Maryadit, Sehore, Madhya Pradesh

Premature redemption of a part of outstanding stock of Non-interest bearing Government of India IDBI Special Security, 2024.

General Elections to Legislative Assemblies of Arunachal Pradesh and Sikkim, 2024 -Deployment of Expenditure Observers

RBI imposes monetary penalty on Tamilnad Mercantile Bank Limited

Central Govt. further amended notification no. 50/2017-Customs, dated the 30th June, 2017 for EV’s

Central Government reconstitutes an Advisory Board for a period of one year under Foreign Exchange and Prevention of Smuggling Activities Act

Government approves E- Vehicle policy to promote India as a manufacturing destination for EVs

Government approves E- Vehicle policy to promote India as a manufacturing destination for EVs

Highest monthly merchandise exports, in the current FY so far, recorded in February 2024

DRI’s busts major gold smuggling syndicate; seizes over 61 kg gold worth Rs. 40 crore in a Pan-India Operation ‘Rising Sun’

MHA decides to extend financial support of 50% on GST on purchase of goods from Kendriya Police Kalyan Bhandar as a welfare measure

Ghaziabad Restaurant Fined for Illegally Imposing Extra Service Charge on Doon Resident

India-EFTA Trade and Economic Partnership Agreement

Income Tax Department to mount e-campaign for Advance Tax e-campaign for F.Y. 2023-24

MCA revises threshold limits for value of Assets and Turnover for purposes of combination filings under Competition Act, 2002

CBIC Encouraged Women participation in International Trade

CCI notifies three distinct regulations on determination of turnover, settlement, commitment and penalty guidelines in relation to an enterprise

PFRDA inaugurates app to widen financial inclusion through fintech and to boost NPS

DGFT amends the import policy condition for Duck Meat in Chapter 2 of ITC (HS) 2022, Schedule–I (Import Policy)

Revised Registration Timelines and Procedures for Import of Yellow Peas under YP-IMS Post-March 31, 2024 at Indian Ports

Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Pune Sahakari Bank Ltd., Shivajinagar, Pune, Maharashtra

DGFT notifies Export of Onions (under HS code 0703 10 19) to Bhutan, Bahrain and Mauritius through NCEL

Reconstitution of Central Advisory Board under PITNDPS Act 1988

Government transfer of five cases from DRAT Delhi to DRAT Mumbai

Repayment of 8.35% SBI RTS ISU GOI SPL Bond 2024

CBI has arrested six persons including two NHAI Officers, in bribery of Rs.20 lakh; recovers Rs 1.1crore

Filed bank officer arrested to taking Rs.7000/- bribe in UP

RBI received 97.62% of the ₹2000 banknotes as on February 29, 2024, ₹8470 crore yet to come back

Progress of NEFT and RTGS Systems, highest number of transactions processed in a day so far

DGFT Notified the Export of Onions (under HS code 0703 10 19) to Bangladesh.

Financial Intelligence Unit-India (FIU-IND) imposes penalty of Rs. 5,49,00,000 on Paytm Payments Bank Ltd with reference to violations of its obligations under PMLA

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman virtually launches seven infrastructure projects worth over Rs, 1,000 crore from New Delhi

Union Finance Minister Smt. Nirmala Sitharaman virtually presides over handing-over ceremony of 101 antiquities seized by Customs to the Archaeological Survey of India (ASI)

Union Finance Minister Smt. Nirmala Sitharaman virtually presides over handing-over ceremony of 101 antiquities seized by Customs to the Archaeological Survey of India (ASI)

Implementation of Electronic Cash Ledger (ECL) for payment of Import duties

Union Finance Minister Smt. Nirmala Sitharaman launches Electronic Data Interchange (EDI) at remote Land Customs Stations in North Eastern States

ED Conducted search operations under PMLA at 10 locations in Mumbai, Chennai and Kochi

ED has attached immovable property in the form of land of Kesari Satish, an employee of Department of Posts, to the extent of Rs. 3.26 Lakh under the provisions of Prevention of Money Laundering Act (PMLA), 2002.

Customs Commissionerate, Indore (Bhopal Zone) disposes off 40.86 lakhs sticks of Smuggled foreign origin Cigarettes, Cigars and Rolling Paper, valued at Rs. 3.89 Crores at Raipur

Download ICAIs 2024 Bank Branch Audit Excel Utility for Streamlined Auditing

Designated court sentences then branch manager of UCO bank to 05 years’ rigorous imprisonment

Designated courts at Ahmedabad and Madurai sentence five accused including then income tax officer to three years rigorous imprisonment with fine

PFRDA notifies amendments to Retirement Adviser (RA) regulations for Good Governance and ease of compliance

PFRDA notifies amendments to Retirement Adviser (RA) regulations for Good Governance and ease of compliance

Financial Literacy Week 2024 and Financial Literacy Ideathon

Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj, Maharashtra – Extension of Period

RBI imposes monetary penalty on G P Parsik Sahakari Bank Ltd., Thane

RBI imposes monetary penalty on Transport Co-operative Bank Ltd., Indore, Madhya Pradesh

RBI imposes monetary penalty on Janseva Co-operative Bank Limited, Nashik, Maharashtra

RBI imposes monetary penalty on Hanamasagar Urban Co-operative Bank Ltd., Hanamasagar, Karnataka

Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949 – Additional Steps

Directions under Section 35A read with Section 56 of the BR Act 1949 (AACS) - Thodupuzha Urban Co-operative Bank Ltd, Kerala - Extension of period

DGFT suspends inactive Standard Input-Output Norms (SIONs) from April 1, 2024

Government proposes to increase Multi sector SEZ at panapakkam village, Ranipet District, Tamil Nadu

CBIC notified Public Tech Platform for Frictionless Credit for Enhanced Credit Ecosystem Sharing

What is Public Tech Platform for Frictionless Credit

CBI arrests an enforcement officer, EPFO for accepting a bribe of rupees Two lakh

PFRDA notifies amendments to National Pension System Trust (NPST) and Pension Fund Regulations for Good Governance

Cabinet approves amendment in the Foreign Direct Investment (FDI) policy on Space Sector