{"id":1719,"date":"2024-01-17T15:44:56","date_gmt":"2024-01-17T15:44:56","guid":{"rendered":"https:\/\/www.rnm.in\/blog\/?p=1719"},"modified":"2025-01-30T10:55:40","modified_gmt":"2025-01-30T10:55:40","slug":"tras-alert-december-2023","status":"publish","type":"post","link":"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/","title":{"rendered":"TRAS Alert &#8211; December 2023"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In this edition we have tried to bring you notice the latest amendment that followed in the month of December, 2023 issued by MCA, RBI, SEBI, IBBI and others.\u00a0<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>RESERVE BANK OF INDIA<\/b><\/li>\n<\/ul>\n<p><b>Rationalization of Licensing Framework for Authorized Persons (APs) under Foreign Exchange Management Act (FEMA), 1999 (December 26, 2023)\u00a0\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">It has been decided to rationalize and simplify the licensing framework for Aps. Keeping\u00a0 in view the progressive liberalization under FEMA, increasing integration of the Indian economy with the global economy, digitization of payment systems, evolving institutional structure, etc. The review aims to meet the emerging requirements of the rapidly growing Indian economy, achieve operational efficiency in the delivery of foreign exchange facilities to common persons, tourists, and businesses, while maintaining appropriate checks and balances.\u00a0<\/span><\/p>\n<p><b>To Read More:<\/b><\/p>\n<p><a href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=56993\"><b>https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=56993<\/b><\/a><b>\u00a0<\/b><\/p>\n<p><b>Minutes of the Monetary Policy Committee Meeting (December 6-8, 2023)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting decided to:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(i) Keep the policy repo rate under the Liquidity Adjustment Facility (LAF)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">unchanged at 6.50 per cent.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(ii) The Standing Deposit Facility (SDF) rate remains unchanged at 6.25 per cent<\/span><\/p>\n<p><span style=\"font-weight: 400;\">and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(iii) The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth.<\/span><\/p>\n<p><b>To read more:<\/b><\/p>\n<p><a href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=56982\"><b>https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=56982<\/b><\/a><b>\u00a0<\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>SECURITIES LAWS AND CAPITAL MARKET\u00a0<\/b><\/li>\n<\/ul>\n<p><b>CCs to Replicate Risk Management Systems on Saas Model<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The market regulator has taken another step to ensure business continuity in the face of software disruptions<\/span><b>. <\/b><span style=\"font-weight: 400;\">The CCs are directed to set up their critical risk management systems (RMS) in a software-as-service (SaaS) model. Each CC has been instructed to design their RMS-SaaS using the RMS software of a peer.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To Read More:<\/span><\/p>\n<p><a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/toensure-business-continuity-ccs-to-replicate-risk-managementsystems-on-saas-model-11935031.html\"><span style=\"font-weight: 400;\">https:\/\/www.moneycontrol.com\/news\/business\/markets\/toensure-business-continuity-ccs-to-replicate-risk-managementsystems-on-saas-model-11935031.html<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>MISCELLANEOUS\u00a0<\/b><\/li>\n<\/ul>\n<p><b>CCI approves acquisition of control\/stake in Reliance Capital Limited by IndusInd International Holdings Limited, IIHL BFSI (India) Limited, and Aasia Enterprises LLP<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The proposed combination relates to the acquisition of control by acquiring shares in Reliance Capital Limited (RCL\/Target Company) by IndusInd International Holdings Limited (IIHL), IIHL BFSI (India) Limited (IIHL BFSI), and Aasia Enterprises LLP (Aasia\/ Acquirer).<\/span><\/p>\n<p><b>To read more:<\/b><\/p>\n<p><a href=\"https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=1991029\"><span style=\"font-weight: 400;\">https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=1991029<\/span><\/a><span style=\"font-weight: 400;\"><br \/>\n<a href=\"https:\/\/www.rnm.in\/blog\/finding-the-right-chartered-accountant-near-you-navigating-financial-success\/\">Chartered Accountant Firm near You<\/a><br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this edition we have tried to bring you notice the latest amendment that followed in the month of December, 2023 issued by MCA, RBI, SEBI, IBBI and others.\u00a0 RESERVE BANK OF INDIA Rationalization of Licensing Framework for Authorized Persons (APs) under Foreign Exchange Management Act (FEMA), 1999 (December 26, 2023)\u00a0\u00a0 It has been decided to rationalize and simplify the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[14],"tags":[401,399,400,402],"class_list":["post-1719","post","type-post","status-publish","format-standard","hentry","category-general","tag-liquidity-adjustment-facility","tag-macroeconomic","tag-monetary","tag-standing-deposit-facility"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TRAS Alert December 2023 - RNM<\/title>\n<meta name=\"description\" content=\"In this edition we have tried to bring you notice the latest amendment that followed in the month of December\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TRAS Alert December 2023 - RNM\" \/>\n<meta property=\"og:description\" content=\"In this edition we have tried to bring you notice the latest amendment that followed in the month of December\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"RNM India Blogs\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-17T15:44:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-30T10:55:40+00:00\" \/>\n<meta name=\"author\" content=\"Rnm\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rnm\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/\"},\"author\":{\"name\":\"Rnm\",\"@id\":\"https:\/\/www.rnm.in\/blog\/#\/schema\/person\/c803658b38f2490f6a75863d05644438\"},\"headline\":\"TRAS Alert &#8211; December 2023\",\"datePublished\":\"2024-01-17T15:44:56+00:00\",\"dateModified\":\"2025-01-30T10:55:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/\"},\"wordCount\":403,\"publisher\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/#organization\"},\"keywords\":[\"Liquidity Adjustment Facility\",\"macroeconomic\",\"Monetary\",\"Standing Deposit Facility\"],\"articleSection\":[\"General\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/\",\"url\":\"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/\",\"name\":\"TRAS Alert December 2023 - RNM\",\"isPartOf\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/#website\"},\"datePublished\":\"2024-01-17T15:44:56+00:00\",\"dateModified\":\"2025-01-30T10:55:40+00:00\",\"description\":\"In this edition we have tried to bring you notice the latest amendment that followed in the month of December\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rnm.in\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TRAS Alert &#8211; December 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rnm.in\/blog\/#website\",\"url\":\"https:\/\/www.rnm.in\/blog\/\",\"name\":\"RNM India Blogs\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rnm.in\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.rnm.in\/blog\/#organization\",\"name\":\"RNM India Blogs\",\"url\":\"https:\/\/www.rnm.in\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rnm.in\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.rnm.in\/blog\/wp-content\/uploads\/2024\/08\/cropped-logo.png\",\"contentUrl\":\"https:\/\/www.rnm.in\/blog\/wp-content\/uploads\/2024\/08\/cropped-logo.png\",\"width\":137,\"height\":72,\"caption\":\"RNM India Blogs\"},\"image\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rnm.in\/blog\/#\/schema\/person\/c803658b38f2490f6a75863d05644438\",\"name\":\"Rnm\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rnm.in\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/719d6dbaa9fb6a42b8e1c14dec8f0172?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/719d6dbaa9fb6a42b8e1c14dec8f0172?s=96&d=mm&r=g\",\"caption\":\"Rnm\"},\"url\":\"https:\/\/www.rnm.in\/blog\/author\/rnm\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"TRAS Alert December 2023 - RNM","description":"In this edition we have tried to bring you notice the latest amendment that followed in the month of December","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/","og_locale":"en_US","og_type":"article","og_title":"TRAS Alert December 2023 - RNM","og_description":"In this edition we have tried to bring you notice the latest amendment that followed in the month of December","og_url":"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/","og_site_name":"RNM India Blogs","article_published_time":"2024-01-17T15:44:56+00:00","article_modified_time":"2025-01-30T10:55:40+00:00","author":"Rnm","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Rnm","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/#article","isPartOf":{"@id":"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/"},"author":{"name":"Rnm","@id":"https:\/\/www.rnm.in\/blog\/#\/schema\/person\/c803658b38f2490f6a75863d05644438"},"headline":"TRAS Alert &#8211; December 2023","datePublished":"2024-01-17T15:44:56+00:00","dateModified":"2025-01-30T10:55:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/"},"wordCount":403,"publisher":{"@id":"https:\/\/www.rnm.in\/blog\/#organization"},"keywords":["Liquidity Adjustment Facility","macroeconomic","Monetary","Standing Deposit Facility"],"articleSection":["General"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/","url":"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/","name":"TRAS Alert December 2023 - RNM","isPartOf":{"@id":"https:\/\/www.rnm.in\/blog\/#website"},"datePublished":"2024-01-17T15:44:56+00:00","dateModified":"2025-01-30T10:55:40+00:00","description":"In this edition we have tried to bring you notice the latest amendment that followed in the month of December","breadcrumb":{"@id":"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.rnm.in\/blog\/tras-alert-december-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rnm.in\/blog\/"},{"@type":"ListItem","position":2,"name":"TRAS Alert &#8211; December 2023"}]},{"@type":"WebSite","@id":"https:\/\/www.rnm.in\/blog\/#website","url":"https:\/\/www.rnm.in\/blog\/","name":"RNM India Blogs","description":"","publisher":{"@id":"https:\/\/www.rnm.in\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rnm.in\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.rnm.in\/blog\/#organization","name":"RNM India Blogs","url":"https:\/\/www.rnm.in\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rnm.in\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.rnm.in\/blog\/wp-content\/uploads\/2024\/08\/cropped-logo.png","contentUrl":"https:\/\/www.rnm.in\/blog\/wp-content\/uploads\/2024\/08\/cropped-logo.png","width":137,"height":72,"caption":"RNM India Blogs"},"image":{"@id":"https:\/\/www.rnm.in\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.rnm.in\/blog\/#\/schema\/person\/c803658b38f2490f6a75863d05644438","name":"Rnm","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rnm.in\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/719d6dbaa9fb6a42b8e1c14dec8f0172?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/719d6dbaa9fb6a42b8e1c14dec8f0172?s=96&d=mm&r=g","caption":"Rnm"},"url":"https:\/\/www.rnm.in\/blog\/author\/rnm\/"}]}},"_links":{"self":[{"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/posts\/1719"}],"collection":[{"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/comments?post=1719"}],"version-history":[{"count":3,"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/posts\/1719\/revisions"}],"predecessor-version":[{"id":1725,"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/posts\/1719\/revisions\/1725"}],"wp:attachment":[{"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/media?parent=1719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/categories?post=1719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/tags?post=1719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}