Category: Finance Ministry

Linking of SWIFT to the Core Banking System

Linking of SWIFT to the Core Banking System  Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a question in Rajya Sabha briefed members on Linking of SWIFT to the Core Banking System. It was stated that the Department of Economic Affairs has apprised that …

Chit Funds (Amendment) Bill 2018

Chit Funds (Amendment) Bill 2018 Notification. Bill for strengthening and streamlining of the registered Chit Fund sector The Chit Funds Act, 1982 was enacted to provide for the regulation of chit funds which are indigenous business in India and have conventionally satisfied the financial needs of the low-income …

Agreement on Money Laundering Information with over 130 countries including tax havens

Agreement with other Countries on Money Laundering Information. Indian Government has entered into agreements with over 130 countries including tax havens  The Government of India has entered into Double Taxation Avoidance Agreements (DTAAs), Tax Information Exchange Agreements (TIEAs) and Multilateral Convention on Mutual Administrative Assistance in Tax Matters …