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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 […]


Group of Digital Transformation and Process Reengineering Committee

Council Affairs/M-626/2016 28th December, 2016 ALL MEMBERS OF THE COUNCIL Madam/Dear Sir, The President, in terms of the authority given to him by the Council at its 351st meeting held on 12th February, 2016, has constituted a Group of Digital Transformation and Process Reengineering Committee with the following members:- Sanjay Kumar Agarwal, (Convenor) Anil S. […]


Introduction of Interest Rate Options in India

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 […]



White Label ATM Operators (WLAOs) – Sourcing of cash from retail outlets

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) […]


Special measures to incentivise Electronic Payments – Extension of time

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


RBI relaxes ATM withdrawal limit to Rs 4500 from Rs 2500 per day

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 – […]


Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver dt. 30.12.2016

[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 […]


Two More Advance Pricing Agreements signed by the Central Board of Direct Taxes

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 […]


India and Singapore Sign a Third Protocol for Amending the Double Taxation Avoidance Agreement (DTAA)

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 30th December, 2016. Press Release India and Singapore Sign a Third Protocol for Amending the Double Taxation Avoidance Agreement (DTAA) India and Singapore have amended the DTAA for the avoidance of double taxation and prevention of fiscal evasion with […]