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.
New Guidelines for Kerala Tourist Accommodation Units
The new guidelines aimed at enhancing their facilities at tourist accommodation units.