The International Financial Services Centers Authority vide circular dated June 17, 2022 has issued clarification on investment in Bullion Depository Receipts (BDR)on India International Bullion Exchange (IFSC) Limited (IIBX)through the Liberalized Remittance Scheme(LRS) route. The Government of India vide notification dated August 31, 2020, had notified the Bullion Spot Delivery Contract and Bullion Depository Receipt (BDR) with underlying Bullion as Financial Product and related services as Financial Services. In this regard, it has been clarified that, resident individuals, as referred to in the RBI circular on LRS dated February 16, 2021, are not permitted to transact/invest in BDR on IIBX through the LRS route.
Revised Non-Tax Income Rates for Fire and Emergency Services in Bangalore
27 July 2024
The Government of Karnataka has approved a proposal from the Director General of Police and the Director General of the Fire and Emergency Services Department
