Draft Foreign Exchange Management (Non-debt Instruments – Overseas Investment) Rules, 2021
The Rules provides the procedure for Overseas Investment, Overseas Direct Investment and Overseas Portfolio Investment.
Scheme of Penalty for non-replenishment of ATMs
The Scheme of Penalty for non-replenishment of ATMs to direct the banks/ White Label ATM Operators (WLAOs) to strengthen their systems/ mechanisms to monitor availability of cash in ATMs and ensure timely replenishment to avoid cash-outs.
Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021
The Deposit Insurance and Credit Guarantee Corporation Act, 1961 is being amended to enable easy and time-bound access by depositors to their own money, even when there are restrictions on banks. It is proposed to provide that even if a bank is temporarily unable to fulfil its obligations due to restrictions such as moratorium imposed on it, depositors can access their deposits to the extent of deposit insurance cover through interim payments by the Corporation.
