An elaborate account of RBI notification 2016

Irrespective of an importer or exporter, it is necessary for one to keep a tag on the most recent updates of RBI notifications. This notification will assist you to keep the updates about the import and export.

Here, you will be aware of all the RBI notifications, which are arranged year wise so that it will be convenient to refer to all the notifications:

• 30 March, 2016: Revised agenda of External Commercial Borrowings (ECB).
• 29 March, 2016: Foreign Portfolio’s Investments (FPI) in Government Securities.
• 28 March, 2016: Special mission for clearings on 30th and 31st March, 2016.
• 23 March, 2016:
•  a) Reporting Mechanism of Diamond Dollar Account (DDA).
•  b) Banking Regulation Act under Section 23, 1943(AACS) which implies the extended value added services and facilities via ATMs.
•  c) Liquidity Risk Management and agenda of Basel III on liquidity standards. This includes Liquidity Coverage Ratio(LCR), LCR Disclamation and Liquidity Risk Management Tools.
• 17 March, 2016:
•  a) Strategy for collection of dues which includes all types of taxes like customs duties and central government taxes.
•  b) Yearly closing of the accounts of the governments.
•  c) Pradhan Mantri Fasal Bima Yojana.
•  d) Recovery of extra payments made especially to the pensioners.
•  e) Charges and customers guidelines of NEFT and its circulars.
•  f) Sturture for restoration and recovery of Micro, Small and Medium Enterprises (MSMEs).
•  g) The participation of Standalone Primary Dealers in the future currency markets.
• 10 March, 2016:
•  a) Revision of risk weights assigned to debts related to sovereign.
•  b) Application regarding Minimum Capital Adequacy Norms of State and Central Co-operative Banks.

This is just a glimpse of the regulations that are given in RBI notification 2016. In order to know more visit or browse online. You can get access to all the authenticated information that would help you to find better opportunities making life beautiful. Make sure you are able to meet your goal eliminating all the difficulties that may come on your way blocking your way to success in life for which you have long awaited for.