DGFT updates RBI-Authorised Banks for Gold and Silver Imports in HBP: Check Authorised Banks Here [Read Notification]
The Directorate General of Foreign Trade ( DGFT ), vide public notice no. 54/2023 dated 28th March 2024 has amended the Handbook Procedures 2023 with...
![CBIC notifies Public Tech Platform for Frictionless Credit to Improve Credit Ecosystem Efficiency under GST Act [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/02/CBIC-CBIC-notifies-GST-Frictionless-Credit-Credit-Ecosystem-Efficiency-TAXSCAN-1.jpg "CBIC notifies Public Tech Platform for Frictionless Credit to Improve Credit Ecosystem Efficiency under GST Act [Read Notification]")
Finance Ministry Permits new 6 Private Finance Companies to Perform Authentication under Aadhaar and PMLA
The Finance Ministry has granted authorization to six newly established private finance companies, enabling them to conduct authentication procedures under the Aadhaar (Targeted Delivery of Financial...
Punjab National Bank Faces ₹72 Lakh Fine from RBI for Violating Directions on Interest Rate and Customer Service Rules
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹72 lakh on Punjab National Bank. This action was taken due to the bank's non-compliance with specific provisions outlined in three...
RBI Modifies FEMA (Debt Instruments) Regulations in relation to NRIs' Purchase of Dated Government Securities from Rupee Accounts [Read Notification]
The Reserve Bank of India (RBI) has notified the amendment to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 (Principal Regulation) vide notification no. FEMA.396(2)/2023-RB...
Acceptance of Demonetized Currency from 08.11.2016 Contrary to RBI Notification:ITAT Directs AO to Accept 50% Cash Deposits as Sale Proceeds received in Cash and Balance as Unexplained Money
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer (AO) to accept 50% of cash deposits as sale proceeds received in cash and balance as unexplained money as...
