MUMBAI, India, April 1 -- Reserve Bank of India issued the following press release: Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on April 02, 2026 (Thursday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dea...
NEW DELHI, April 1 -- The Government of India issued the following FEMA circular: RBI/2026-27/04 A.P. (DIR Series) Circular No. 03 April 01, 2026 To, All Authorised Dealers Madam/Sir, Risk Management and Inter-Bank Dealings Attention of Authorised Dealers is invited to the A.P. (DIR Series) Circular No. 24 dated March 27, 2026 and the Master Direction - Risk Management and Inter-Bank Dealings dated July 05, 2016, as amended from time to time. 2. On a review of evolving market conditions...
NEW DELHI, April 1 -- The Government of India issued the following FEMA circular: RBI/2026-27/03 A.P. (DIR Series) Circular No. 02 April 01, 2026 All Authorised Dealer Category I Banks Madam / Sir, Overseas Investment - Submission of References to the Reserve Bank As you are aware, references pertaining to Overseas Investment received from Persons Resident in India through AD banks are currently processed centrally at Foreign Exchange Department, Central Office of the Reserve Bank. It has...
NEW DELHI, April 1 -- The Government of India issued the following FEMA circular: RBI/2026-27/02 A.P. (DIR Series) Circular No. 01 April 01, 2026 All Authorised Persons Madam / Sir, Reporting under Foreign Exchange Management Act, 1999 - Returns pertaining to Foreign Exchange Management (Guarantees) Regulations, 2026 Attention of Authorised Persons is invited to Foreign Exchange Management (Guarantees) Regulations, 2026 [FEMA 8 (R)] and Master Direction - Reporting under Foreign Exchange...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/DCM/2026-27/395 DCM (NE) No.G-2/08.07.18/2026-27 April 01, 2026 The Chairman/ Managing Director/ Chief Executive Officer All Banks Madam/ Dear Sir, Master Direction - Facility for Exchange of Notes and Coins In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, read with sections 28, 38, 39, 58(1) and 58(2)(q) of the Reserve Bank of India Act, 1934, Reserve Bank of ...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/DCM/2026-27/394 DCM (FNVD)/G-1/16.01.05/2026-27 April 01, 2026 The Chairman/ Managing Director/ Chief Executive Officer All Banks Madam / Dear Sir, Master Direction on Counterfeit Notes - Detection, Reporting and Monitoring In exercise of powers conferred under Section 35A and Section 56 of the Banking Regulation Act, 1949, Reserve Bank of India (RBI), from time-to-time issues guidelines/ instructions/...
JABALPUR, India, March 31 -- Madhya Pradesh High Court issued the following judgment/order on Feb. 26: Learned counsel for appellants submits that without prejudice to the rights and contentions of the appellants he will be satisfied, in case a direction is issued to respondent no.2 i.e. General Manager, District Cooperative Central Bank Ltd. Shahdol to decide the representation of the appellants in a time bound manner. In view of the above, appeal is disposed of directing the General Manager...
India, March 30 -- The Government of India has issued a release: Year % share of export of MSME related products in total merchandise exports of India 2022-23 43.59% 2023-24 45.74% 2024-25 48.55% As per the available information, the share of export of MSME specified products in total merchandise exports of India is as follows: Government has undertaken the following initiatives to support Micro, Small and Medium Enterprises (MSMEs) and boost their competitiveness in domestic and inter...
India, March 30 -- The Government of India has issued a release: As per seventh Schedule of the Constitution of India, Land & Colonization are State subjects. Accordingly, primary responsibility rests with the States / Union Territories (UTs) for rehabilitation of homeless persons. Government of India supplements the efforts of State Governments/UTs through various programs and schematic interventions. Ministry of Housing and Urban Affairs administered a Scheme for Shelter for Urban Homeless (S...
India, March 30 -- The Government of India has issued a release: Reserve Bank of India (RBI) endeavours to maintain sufficient liquidity in the banking system to ensure that the productive requirements of the economy including rural sector are met and transmission to market rates remains robust.     The Government has taken various measures to ensure uninterrupted credit flow for rural development initiatives, including SHGs, which inter-alia include: o Training support to...