The result of the RBI Reverse Repo auction held today is as under:
As a customer service measure and for operational convenience, it has been decided to delegate powers to the Regional Offices of the Reserve Bank of India to compound certain contraventions of FEMA 1999. The contraventions include: (i) delay in reporting of inward remittance, (ii) delay in filing of form FC-GPR after allotment of shares and (iii) delay in issue of shares beyond 180 days. (i.e. paragraphs 9(1)(A), 9(1)(B) and 8, respectively, of Schedule I to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, notified vide Notification No. FEMA 20/2000-RB dated May 3, 2000 and as amended from time to time).
The Result of the auction of 10-year State Development Loans, 2021 for Punjab Government held on December 13, 2011.
The Reserve Bank of India will release the next Mid-Quarter Review of Monetary Policy 2011-12 at 12 noon on December 16, 2011. The Review will be by way of a press release and will be placed on the Reserve Bank's website (www.rbi.org.in (www.rbi.org.in/) ).