RBI permits Rupee derivatives to be traded in IFSCs
Reserve Bank of India vide Notification dated 20 January 2020 has permitted Rupee derivatives (with settlement in foreign currency) to be traded in International Financial Services Centres (IFSCs), starting with Exchange Traded Currency Derivatives (ETCD).
RBI allows NBFCs to auction gold attached for debt on any part of the district for second auction.
RBI vide Notification Dated 21 January 2020 has altered the Master Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company and Master Direction – Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016. The Notification allows NBFCs to auction the gold attached for debt on any part of the district for second auction.
RBI Revises investment by foreign portfolio investors (FPI) in Debt.
The Reserve Bank of India has eased the investment norms for foreign portfolio investors in debt. FPIs cap on investment in government security and corporate bonds is raised from 20% to 30% outstanding stock of that security, .
RBI raises investment limit for foreign portfolio investor’s investment in debt.
The Reserve Bank of India vide notification dated 23rd January 2020 has raised the investment limit for FPIs investment through the Voluntary Retention Route. Only those FPI registered with SEBI are eligible to participate in this Voluntary Retention Route. Further the FPIs are also allowed to invest in exchange-traded funds that invest only in debt instruments.
GST Taxpayers shall now file their GSTR-3B return in staggered manner.
The finance ministry has staggered last dates of filling GSTR-3B, a monthly return form, and has provided three dates for different categories of taxpayers, in a moved aimed at de-stressing the system. The taxpayers are categorized on basis of both annual turnover and state of residence.
