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Dollar Out? Rupee In? RBI to Promote Rupee as an International Currency for Foreign Loans and Trade

The Reserve Bank of India is making strides towards establishing a solid footing for itself in the global trade arena, the latest move being a push to allow rupee-denominated lending to facilitate...

Dollar - Rupee - RBI to Promote Rupee - International Currency - Foreign Loans and Trade - TAXSCAN
Avinash Kurungot

Regulatory U-Turn? As RBI Softens, India May Slash Crypto Tax From 1% to 0.1%

In what could be a major boost for India’s crypto market, the government is reportedly considering a big cut in the crypto transaction tax from the current 1% to just 0.1%. This possible move comes...

Crypto tax India - RBI crypto stance - 1% TDS crypto - Crypto trading India - Taxscan
Adwaid M S

RBI Issues Guidelines on FIRMS Portal Reporting for Issuance of Partly Paid Units by Investment Vehicles [Read Circular]

The Reserve Bank of India (RBI), through its notification dated May 23, 2025 (A.P. (DIR Series) Circular No. 06), issued important guidelines for reporting the issuance of partly paid units by...

RBI Issues Guidelines on FIRMS Portal Reporting for Issuance of Partly Paid Units by Investment Vehicles [Read Circular]
Kavi Priya

RBI Notifies $700 Million Exim Bank LoC to Mongolia for Crude Oil Refinery Project [Read Circular]

The Reserve Bank of India (RBI) has released a new circular on May 16, 2025, informing banks and exporters about a major financial agreement between India and Mongolia. According to the circular, the...

RBI - RBI Notifies Exim Bank LoC - Exim Bank LoC for Crude Oil Refinery - TAXSCAN
Kavi Priya

RBI to issue Rs. 20 Denomination Banknotes with New Governor Sanjay Malhotra's Signature

The Reserve Bank of India (RBI) will “shortly” begin issuing fresh ₹20 banknotes in the Mahatma Gandhi (New) series that carry the signature of Governor Sanjay Malhotra. The move, announced through a...

₹20 note - New ₹20 currency - Sanjay Malhotra RBI - taxscan
Manu Sharma

Gifting Money to NRI Children? Why the RBI’s 180-Day Rule Is a Hidden Hurdle

In today’s globalized world, it is quite common for Indian parents to financially support their children who have settled abroad—whether for educational expenses, property purchases, or even...

Gifting Money to NRI Children? Why the RBI’s 180-Day Rule Is a Hidden Hurdle
Adwaid M S

Know Your Currency: In-Depth Look at the ₹20 Bank Note

Ever noticed the bright greenish-yellow ₹20 note in your wallet? It’s not just a piece of paper—it tells a story of India’s heritage, culture, and security innovations. Issued by the Reserve Bank of...

Know Your Currency - In-Depth Look - 20 Bank Note - taxscan
Manu Sharma

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