RBI:
RBI with an intention to facilitate greater level of participation in corporate bonds by Standalone Primary Dealers (SPDs), it has been decided to increase exposure ceiling limits in respect of single borrower / counterparty from 25 per cent to 50 per cent of latest audited Net Owned Funds (NOF) and in respect of group borrower from 40 per cent to 65 per cent of latest audited NOF only for investments in AAA rated corporate bonds. The existing norm of exposure ceilings for single borrower / counterparty and group borrower of 25 and 40 per cent respectively and other instructions contained in the IDMD circular dated March 27, 2014, mentioned above will continue to apply in respect of other investments in the corporate bonds.
CBDT:
CBDT notifies Rules for the purpose of FATCA entered into between India and USA few days back. In exercise of the powers conferred by section 285BA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government with respect to registration of persons, due diligence and maintenance of information, and the Board for matters relating to statement of reportable accounts, hereby make the rules further to amend the Income-tax Rules, 1962. These rules may be called the Income Tax (11th Amendment) Rules, 2015 and shall come into force on the date of their publication in the Official Gazette.
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