Master Classes on GST
Registration open for Master Classes on “GST – Goods & Service Tax” to be held from Monday, 12th June, 2017 to 16th June, 2017 daily from 5:30 PM onwards at Auditorium, ICSI-NIRC Building, 4, Prasad Nagar Institutional Area, New Delhi. Fee : Rs. 750/- for all participants including Corporate Members of NIRC; Online Payment / Registration Facility Available; Program Credit Hours: 02 per day.
RBI
RBI has issued a Master Direction on Information Technology Framework for the NBFC Sector. The focus of the proposed IT framework is on IT Governance, IT Law/Policy, Information & Cyber Security, IT Operations, IS Audit, Business Continuity Planning and IT Services Outsourcing. The directions are categorized into two parts, those which are applicable to all NBFCs with asset size above Rs. 500 crore (Considered Systemically Important) are provided in Section-A. Directions for NBFCs with asset size below Rs. 500 crore are provided in Section-B. NBFCs may place these directions before their Board, together with a gap-analysis vis-a-vis the Master Direction and the proposed action by September 30, 2017. NBFCs- Systemically Important shall comply with the Master Directions by June 30, 2018 and other NBFCs (asset size below Rs. 500 crore) shall comply by September 30, 2018.
RBI
RBI has announced Reduction in Statutory Liquidity Ratio (SLR) pursuantto Section 24 and Section 56 of the Banking Regulation Act, 1949. The Reserve Bank of India today has decided to reduce the Statutory Liquidity Ratio (SLR) of commercial banks, primary (urban) co-operative banks (UCBs), state co-operative banks and central co-operative banks from 20.5 per cent of their Net Demand and Time Liabilities (NDTL) to 20.00 per cent from the fortnight commencing June 24, 2017.
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