The Reserve Bank of India vide circular dated September 28, 2021 has allowed use of any Alternative reference rate in place of LIBOR for interest payable in respect of export / import transactions. In view of the impending cessation of LIBOR as a benchmark rate, it has been decided to permit AD banks to use any other widely accepted/Alternative reference rate in the currency concerned for such transactions.
It is proposed that the regulated entities maybe mandated to maintain the record of all such communication, which are mandated to be communicated under the
The suggestion relating to the appointment process aims to achieve better shareholder participation in the appointment process of PIDs. For improving ease of doing business
It is proposed that merchant bankers, other than Banks, Public Financial Institution and their subsidiaries, shall undertake only those activities, which are related to securities
DoT has notified ‘Telecommunications (Administration of Digital Bharat Nidhi) Rules, 2024’. The rules provide for powers and functions of administrator, who will be responsible for
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