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funds: Remit funds to IFSCs for studies under LRS now

It is directed that Authorised Persons may facilitate remittances by resident individuals under purpose studies abroad as mentioned in Schedule III of Foreign Exchange Management Rules, 2000, for payment of fees to foreign universities or foreign institutions in IFSCs."

Foreign exchange managementInternational financial services centresLiberalised remittance schemeAuthorised personsForeign exchange management rules

Over Rs 12-crore earnings from unregistered advisory services impounded, three entities banned

Sebi has passed an interim order and the investigators have said that “educational purpose” does not exonerate such entities

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RBI-MPC decides on internationalisation of Rupay cards, expanding scope of NPA resolution

RBI-MPC decides on internationalisation of Rupay cards, expanding scope of NPA resolution
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RBI-MPC Decides On Internationalisation Of Rupay Cards

The Rupay debit and credit cards are gaining increased acceptance abroad, said RBI Governor Shaktikanta Das while announcing the decisions of the MPC.

Himachal pradeshShaktikanta dasUcbs dasMonetary policy committeeReserve bankUrban cooperative banksPrudential frameworkBharat bill payment systemMembership criteriaLicensing frameworkAuthorised personsForeign exchange management act

RBI MPC Meeting Outcome: FULL TEXT of Governor Shaktikanta Das address | Monetary Policy June 2023

RBI MPC Meeting Outcome: The Monetary Policy Committee (MPC) of the Reserve Bank of India met on 6th, 7th and 8th June 2023. Based on an assessment of the macroeconomic situation and the outlook, the MPC decided unanimously to keep the policy repo rate unchanged at 6.50 per cent," RBI Guv Shaktikanta Das said., Economy News, Times Now

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