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COMPLIANCE BURDEN RBI
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...- ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...
- US death tax trap: Uncle Sam's wealth puzzle leaves rich Indians worried for their kidsRich Indian families are racing to shield booming US stock portfolios from America’s 40% inheritance tax, but face complex FEMA and LRS hur...
- Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
- Curb your overenthusiasm: Why India must avoid early overregulation while drafting rules for new techIndia faces a critical choice in regulating new industries like AI and genomics. Overly cautious, ex-ante regulations, similar to the histo...
- Six companies, six tricks in Indian balance sheets, and how investors get taken for a rideWhenever an Indian company imports goods, borrows in foreign currency, earns overseas revenue, or runs a foreign subsidiary, forex accounti...
- Liquidity unlocked, access denied: With rating rules, how TReDS leaves most MSMEs behindDespite the government’s TReDS push, experts say the RBI’s move to ease onboarding lacks clarity as credit ratings continue to be a key bot...
- India’s next reform push must target cost of doing businessIndia faces high business costs impacting competitiveness. Addressing credit, land, input, logistics, and compliance expenses is crucial. B...
- RBI proposes exempting NBFCs under ₹1,000 crore assets from registration to ease complianceThe Reserve Bank of India is proposing to exempt smaller non-banking finance companies from registration. Firms with assets under one thous...
- RBI issues 244 Master Directions, consolidating over 9,000 circulars aimed at reducing compliance burdenThe Reserve Bank of India has reorganised its regulatory rulebook by merging thousands of circulars and guidelines into a smaller set of Ma...
- EEPC India lauds reforms by RBI to ease compliance burden for small exportersThe RBI has eased Merchanting Trade Transaction rules, extending foreign exchange outlay to six months, and simplified EDPMS/IDPMS entry cl...
- RBI caps FEMA violation penalty at Rs 2 lakh to ease compliance burdenThe RBI has significantly eased FEMA regulations by capping penalty amounts for violations at Rs 2 lakh, a substantial reduction from the p...
- RBI to ease compliance burden while fine tuning regulations to address evolving risksRBI Governor Shaktikanta Das emphasized the importance of strong governance and resilient financial systems at the global conference on fin...
- RBI streamlines process of filing supervisory returns by banks, NBFCsThe move will help reduce the burden of compliance on the regulated entities based on the recommendations of the Regulations Review Authori...
- Digibanks, know thy KYC-keepingRBI's regulatory intervention on customer identification by payments banks is seen as harsh for startups. Digital wallet providers argue th...
- Passive aggression, payment aggregatorsSome degree of harmonisation would be required to level the playing field between traditional and new-age payment aggregators. Banks have b...
- RRA recommends withdrawal of 225 more circulars: RBIThe RRA had recommended the withdrawal of 150 circulars in the first tranche of recommendations in November 2021 and 100 circulars in the s...
- RBI sets up advisory group to assist regulatory review authorityHeaded by SBI Managing Director S Janakiraman, the advisory group will assist the RRA by identifying regulations, guidelines, and returns t...
- RBI sets up RRA to streamline regulations and reduce complianceReserve Bank of India Deputy Governor M Rajeshwar Rao has been appointed as the Regulations Review Authority, the central bank said in a st...
- RBI slaps Rs 3 cr penalty on Axis BankRBI said it had carried out a statutory inspection of private sector player Axis Bank with reference to its financial position as on March ...
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