Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
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The Reserve Bank of India (RBI) issued Circular, addressing Scheduled Commercial Banks, Primary (Urban) Cooperative Banks, State Cooperative Banks, and Exim Bank regarding the Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit. The circular extends the Scheme until June 30, 2024, with revised interest rates. Notably, the Scheme now offers 2% interest equalization for Manufacturers and Merchant Exporters and 3% for MSME manufacturers. However, certain modifications have been advised, including restrictions on banks with an average interest rate higher than Repo Rate + 4% and a cap on the subvention amount.
The Reserve Bank of India (RBI) issued Circular, addressing Scheduled Commercial Banks, Primary (Urban) Cooperative Banks, State Cooperative Banks, and Exim Bank regarding the Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit. The circular extends the Scheme until June 30, 2024, with revised interest rates. Notably, the Scheme now offers 2% interest equalization for Manufacturers and Merchant Exporters and 3% for MSME manufacturers. However, certain modifications have been advised, including restrictions on banks with an average interest rate higher than Repo Rate + 4% and a cap on the subvention amount.
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