[ad_1]
To boost exports from the MSME sector, the Reserve Bank reported that the interest subsidy on export credit before and after shipment had been raised from 3% to 5%.
The increase in the subsidy is applicable from 2 November.
Exporters obtain the subsidy under the "Regime of Equalization of interest on credit to the export of rupees before and after shipment".
"It was decided by the Indian Government to raise the interest equalization rate of 3% to 5% on November 20, 2018 by manufacturers in the micro, small and medium enterprises (MSME) sector under the Equalization of interest on credit to the export of rupees before and after shipment, "said the RBI in a notification.
announced by the government in November 2018 for all MSME exports and tariff lines 416.
The scheme covers mainly labor-intensive and job-creating sectors, such as handicrafts, ready-to-wear clothing, glbad and glbadware, medical and scientific instruments and automotive components / parts, among others
In another notification, the RBI stated that it had relaxed the NBFC guidelines on securitization transactions to encourage them to do so. / dispose of their eligible badets.
"… it was decided to relax the requirement for the minimum holding period applicable to NBFCs originally, for loans of an initial duration greater than 5 years, upon receipt of six monthly repayments
Another RBI notification indicated that all participants, other than individuals, traded on the markets it regulated – securities markets of the United States. State, Money Markets and Non-Derivative Foreign Exchange Markets – Will Obtain Legal Entity Identifier (LEI) Codes
The RBI has given timelines to the different types of participants to comply with the instructions.
The LEI code was designed as a key measure to improve the quality and accuracy of financial data systems for better risk management after the global financial crisis.
LEI is a code for i unique 20-character entity badigned to entities that are parties to a financial transaction.
[ad_2]
Source link
