Foreign Bank Rules
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ED Says Paytm Violated Foreign Exchange Rules
The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary reporting to the Reserve Bank of India (RBI).
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Brazil to Unveil Second Phase of Crypto Rules by End of 2024: Report
Without disclosing too many details about the ‘internal planning’, Brazil’s Apex bank has confirmed that laws to monitor the use of stablecoins and the role they can play in foreign exchange settlements and other payments are in the pipeline this year.
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Rule Change From May 1 2024: Canada's Temporary Worker Programme, Bank Charges And Others
These changes are very important from bank customers and those planning to go to Canada as temporary foreign workers.
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Pakistan Ex PM Imran Khan Booked For Receiving Illegal Foreign Funding
According to reports, Pakistan's former ruling party leaders violated the Foreign Exchange Act and were declared as beneficiaries of suspicious bank accounts
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Cuba’s Central Bank to Issue Yearly Licences to Virtual Assets Service Providers
Cuba has decided to allow crypto businesses to operate on the island, but only after receiving a licence. This will be provided by the Central Bank of Cuba and will have to be renewed on a yearly basis. The rule will come into effect approximately in 20 days.
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Kashmiri Businessman Fined Rs 62 Lakh For Alleged Forex Violation
The Enforcement Directorate on Friday said it has slapped Rs 62 lakh penalty on Kashmiri businessman Zahoor Ahmad Shah Watali, already facing terror-funding charges, for alleged violation of foreign exchange rules and operating bank accounts in Delhi using fake NRI credentials.
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For 2019, BJP Will Bet Bigger Than Ever On Narendra Modi: Foreign Media
Rocked by regional election defeats and investor dismay at the surprise loss of the central bank chief, India's ruling party is doubling down on Prime Minister Narendra Modi.
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India Proposes Easing Local Data Storage Rules For Foreign Payment Firms: Report
The Finance Ministry has proposed relaxing a directive from the Reserve Bank of India that would compel global payment firms to store customer data only locally, following weeks of intense lobbying by U.S. companies and trade bodies.
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Reliance Communications Appeals Against Order Banning Asset Sales
An arbitration tribunal had barred the indebted firm from selling assets without its permission earlier.
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Ministry Changes Foreign Fund Rules To Monitor NGOs' Income: Sources
The Home Ministry is changing the rules that govern foreign contribution received by non-governmental organisations, under which, they will now have to maintain their contributory accounts in banks that offer core banking, sources said.
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ED Says Paytm Violated Foreign Exchange Rules
The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary reporting to the Reserve Bank of India (RBI).
-
Brazil to Unveil Second Phase of Crypto Rules by End of 2024: Report
Without disclosing too many details about the ‘internal planning’, Brazil’s Apex bank has confirmed that laws to monitor the use of stablecoins and the role they can play in foreign exchange settlements and other payments are in the pipeline this year.
-
Rule Change From May 1 2024: Canada's Temporary Worker Programme, Bank Charges And Others
These changes are very important from bank customers and those planning to go to Canada as temporary foreign workers.
-
Pakistan Ex PM Imran Khan Booked For Receiving Illegal Foreign Funding
According to reports, Pakistan's former ruling party leaders violated the Foreign Exchange Act and were declared as beneficiaries of suspicious bank accounts
-
Cuba’s Central Bank to Issue Yearly Licences to Virtual Assets Service Providers
Cuba has decided to allow crypto businesses to operate on the island, but only after receiving a licence. This will be provided by the Central Bank of Cuba and will have to be renewed on a yearly basis. The rule will come into effect approximately in 20 days.
-
Kashmiri Businessman Fined Rs 62 Lakh For Alleged Forex Violation
The Enforcement Directorate on Friday said it has slapped Rs 62 lakh penalty on Kashmiri businessman Zahoor Ahmad Shah Watali, already facing terror-funding charges, for alleged violation of foreign exchange rules and operating bank accounts in Delhi using fake NRI credentials.
-
For 2019, BJP Will Bet Bigger Than Ever On Narendra Modi: Foreign Media
Rocked by regional election defeats and investor dismay at the surprise loss of the central bank chief, India's ruling party is doubling down on Prime Minister Narendra Modi.
-
India Proposes Easing Local Data Storage Rules For Foreign Payment Firms: Report
The Finance Ministry has proposed relaxing a directive from the Reserve Bank of India that would compel global payment firms to store customer data only locally, following weeks of intense lobbying by U.S. companies and trade bodies.
-
Reliance Communications Appeals Against Order Banning Asset Sales
An arbitration tribunal had barred the indebted firm from selling assets without its permission earlier.
-
Ministry Changes Foreign Fund Rules To Monitor NGOs' Income: Sources
The Home Ministry is changing the rules that govern foreign contribution received by non-governmental organisations, under which, they will now have to maintain their contributory accounts in banks that offer core banking, sources said.
