Question raised regarding UGC (Institutions Deemed to be Universities) Regulations, 2016

As per UGC (Institutions Deemed to be Universities) Regulations, 2016, institution Deemed to be University – shall not charge any fee for an admission test other than an amount representing the reasonable cost incurred by it in conducting such test.… Continue Reading

Discontinuance of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits

RBI has issued the following directions vide circular dated 13 March, 2018 under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 – Discontinuance of the practice of issuance of LoUs/ LoCs for Trade Credits for imports into India… Continue Reading