The RBI vide notification dated June 09, 2022 has provided for Discontinuation of a Return under Foreign Exchange Management Act, 1999. It is clarified that ‘Statement for reporting of non-resident guarantees issued and invoked in respect of fund and non-fund based facilities between two persons resident in India has now been decided to be discontinued with effect from the quarter ending June 2022.
Access Providers blacklist 50 entities for spamming on direction of TRAI
Consequent of these directions, Access Providers have taken stern measures against misuse of telecom resources for spamming and blacklisted over 50 entities and disconnected more