GANGTOK, India, April 1 -- Sikkim High Court issued the following judgment/order on March 2: [1] The Petitioner, Vikash hails from a village in Sonbhadra (Uttar Pradesh), and he is a matriculant. His family appears to be engaged in a small farm in his native village. Like any village youth, he was quite ambitious to enter public service. He applied for the post of Constable (Washerman) in the service of Sashastra Seema Bal (SSB), an armed force of the Union Government. This application was in t...
GANGTOK, India, April 1 -- Sikkim High Court issued the following judgment/order on March 2: 1. Heard Learned Counsel for the parties. 2. The allegation in the FIR bearing No.03/2020, dated 03- 01-2020, against the Petitioner is that an advance of Rs. 1,77,00,000/- (Rupees one crore and seventy seven lakhs) only, was made to the Petitioner's firm by the Sikkim State Co-operative Supply and Marketing Federation Limited (hereinafter, the "SIMFED"), for supply of computer sets to various school ...
GANGTOK, India, April 1 -- Sikkim High Court issued the following judgment/order on March 2: 1. The present writ petition has been filed seeking a direction to the District Magistrate, Soreng District to dispose of the petitioner's application dated 29.08.2023 filed under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). 2. The learned counsel for the petitioner draws the attention of this Court to the said a...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/DCM/2026-27/393 DCM (CC) No. G-3/03.06.001/2026-27 April 01, 2026 The Chairman / Managing Director / Chief Executive Officer All banks Madam / Dear Sir, Master Direction on Incentives for Currency Distribution and Exchange and Penalties / Penal Provisions for Bank Branches and Currency Chests for Deficiency in Rendering Customer Service and Reporting of Transactions / Balances In terms of the Preamble...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/2026-27/03 A.P. (DIR Series) Circular No. 02 April 01, 2026 All Authorised Dealer Category I Banks Madam / Sir, Overseas Investment - Submission of References to the Reserve Bank As you are aware, references pertaining to Overseas Investment received from Persons Resident in India through AD banks are currently processed centrally at Foreign Exchange Department, Central Office of the Reserve Bank. It ha...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/2026-27/02 A.P. (DIR Series) Circular No. 01 April 01, 2026 All Authorised Persons Madam / Sir, Reporting under Foreign Exchange Management Act, 1999 - Returns pertaining to Foreign Exchange Management (Guarantees) Regulations, 2026 Attention of Authorised Persons is invited to Foreign Exchange Management (Guarantees) Regulations, 2026 [FEMA 8 (R)] and Master Direction - Reporting under Foreign Exchang...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/2026-27/01 DOR.AML.REC.1/14.06.001/2026-27 April 01, 2026 The Chairpersons/ CEOs of the Commercial Banks, Small Finance Banks, Payment Banks, Urban Co-operative Banks, Rural Co-operative Banks, Regional Rural Banks, Local Area Banks, Non-Banking Financial Companies, Asset Reconstruction Companies, All India Financial Institutions Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/2026-27/04 A.P. (DIR Series) Circular No. 03 April 01, 2026 To, All Authorised Dealers Madam/Sir, Risk Management and Inter-Bank Dealings Attention of Authorised Dealers is invited to the A.P. (DIR Series) Circular No. 24 dated March 27, 2026 and the Master Direction - Risk Management and Inter-Bank Dealings dated July 05, 2016, as amended from time to time. 2. On a review of evolving market condition...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on March 02, 2026. 2. The facility for deposit and / or exchange of the ₹2000 banknotes was availab...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ -- > Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,89,391.97 6.30 0.01-8.25 I. Call Money 7,400.56 6.90 4.60-7.10 II. Triparty Repo 4,03,225.20 6.16 4.25-6.99 III. Market Repo 1,70,597.11 6.57 0.01-8.00 IV. Repo in Corporate Bond 8,169.10 7.12 7.00-8.25 B. Term Segment I. Notice Money** 95.50 6.46 5...