RBI’s visionary step towards future of Payments Systems: Key Takeaways
RBI redefines new regulatory framework for Payments Regulatory Board
RBI regulations
RBI introduces provisions for ‘Sovereign Green Bonds’ vide Foreign Exchange Management (Debt Instruments) (Third Amendment) Regulations, 2024
The 2024 Regulations provide that a person resident outside India who maintains a securities account with a depository in IFSC in India would be able to purchase or sell Sovereign Green Bonds issued by the Government of India.
Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2024
The Foreign Exchange Management (Deposit) Regulations, 2016 has been amended by the Reserve Bank of India by Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2024.