Financial Support to MSMEs in ZED Certification Scheme

Modified Guidelines of MSE-CDP Scheme

 

The Standardized Test of English Proficiency (STEP) is an English language certification exam for Indian students and job-seekers. This test will help students, institutions and employers access and improve reading, writing, listening and speaking skills. The STEP uses the latest testing techniques and advanced technologies to deliver a practical, engaging and reliable test. Our smart testing methods and analytics provide deep insights to support learning across all language domains.

RBI/2016-17/199 FMRD.DIRD.12/14.01.011/2016-17 December 29, 2016 To All eligible market participants Dear Sir/Madam Introduction of Interest Rate Options in India As announced in the fourth bi-monthly Monetary Policy Statement 2016-17, it has been decided to introduce Interest Rate Options in India. 2. The Reserve Bank of India has accordingly issued a Notification No. FMRD.DIRD. 11/2016 dated December 28, 2016giving details of the directions for the introduction of Interest    [….]
Notification : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=10802&Mode=0

Sanction of Additional Working Capital Limits to Micro and Small Enterprises (MSEs)

RBI/2016-17/202 DPSS.CO.PD. No.1621/02.10.002/2016-17 December 30, 2016 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Authorised ATM Network Operators /Card Payment Network Operators/ White Label ATM Operators Dear Madam/ Sir, White Label ATM Operators (WLAOs) – Sourcing of cash from retail outlets Followi   [….]
Notification : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=10805&Mode=0

RBI/2016-17/203 DPSS.CO.PD.No.1669/02.14.006/2016-2017 December 30, 2016 All Prepaid Payment Instrument Issuers System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers Dear Madam/ Sir, Special measures to incentivise Electronic Payments – Extension of time A reference is invited to circular DPSS.CO.PD.No.1288/02.14.006/2016-17 dated November 22, 2016 advising enhancements in the limits of semi-closed PPIs    [….]
Notification : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=10806&Mode=0

Cash withdrawal from ATMs – Enhancement of daily limits

RBI/2016-17/204 DCM (Plg) No. 2142/10.27.00/2016-17 December 30, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks District central Cooperative Banks Dear Sir, Cash withdrawal from ATMs – Enhancement of daily limits Please refer to our circular DCM (Plg) No. 1424/10.27.00/2016-17 dated November 25, 2016 on “Withdrawal    [….]

On a review of the position, the daily limit of withdrawal from ATMs has been increased (within the overall weekly limits specified) with effect from January 01, 2017, from the existing Rs.  2500/- to  Rs. 4500/- per day per card. There is no change in weekly withdrawal limits.Such disbursals should predominantly be in the denomination of Rs.  500.

RBI Notification : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=10807&Mode=0

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUBSECTION (ii)] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 149/2016-CUSTOMS (N.T.) New Delhi, 30th December, 2016 9 Pausha, 1938 (SAKA) S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs  [….]
Notification : http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-nt2016/csnt149-2016.pdf

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 29th December, 2016. Press Release Two More Advance Pricing Agreements signed by the Central Board of Direct Taxes The Central Board of Direct Taxes (CBDT) has closed the year 2016 by entering into two more unilateral Advance Pricing Agreements (APAs) today. The APA Scheme was introduced in the Income-tax Act in 2012 and the “Rollback” provisions were   [….]
Press Release : http://www.incometaxindia.gov.in/Lists/Press%20Releases/Attachments/576/Press-Release-signing-of-APAs-29-12-2016.pdf