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of <h1>Monetary Limits Revised: Section 58G of RBI Act Now Reflects Higher Thresholds Due to Finance Act 2019 Amendments.</h1> Section 58G of the Reserve Bank of India Act, 1934, has been amended by the Finance (No. 2) Act, 2019. In sub-section (1), clause (a) now substitutes the amount 'five thousand' with 'twenty-five thousand.' Clause (b) replaces 'five lakh' with 'ten lakh' and 'twenty-five thousand' with 'one lakh.' These changes revise the monetary thresholds specified in the original provisions.
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