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Forex reserves up by $1.36 bn to $420.05 bn.


Date: 18-05-2019
Subject: Forex reserves up by $1.36 bn to $420.05 bn
The country's foreign exchange reserves rose by $1.368 billion to reach $420.055 billion in the week to May 10 on account of a rise in foreign currency assets, RBI data showed May 17. In the previous week, the reserves had increased by $171.9 million to $418.687 billion.

In the reporting week, foreign currency assets, which are a major component of the overall reserves, swelled by $1.358 billion to $392.227 billion.

Expressed in dollar terms, foreign currency assets include the effect of appreciation/depreciation of non-US units like the euro, pound and the yen held in the reserves.

Gold reserves remained unchanged at $23.021 billion, according to the data.

The special drawing rights with the International Monetary Fund rose by $3 million to $1.454 billion.

The country's reserve position with the Fund also increased by $7 million to $3.351 billion, the according to the RBI data.

The forex kitty had touched a life-time high of $426.028 billion in the week to April 13, 2018.

Source: moneycontrol.com

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What is New?

Date: 14-11-2019
Notification No. 52/2019 – Central Tax
Seeks to extend the due date for furnishing FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover of up to 1.5 crore rupees for the quarter July, 2019 to September, 2019

Date: 14-11-2019
Notification No. 53/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover more than 1.5 crore rupees for the months of July, 2019 to September, 2019

Date: 14-11-2019
Notification No. 54/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-3B for registered persons in Jammu and Kashmir for the months of July, 2019 to September, 2019

Date: 14-11-2019
Notification No. 55/2019 – Central Tax
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Date: 14-11-2019
Notification No. 56/2019 – Central Tax
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Date: 13-11-2019
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Notification of ITC (HS), 2017 - Schedule-1 (Import Policy)

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Date: 11-11-2019
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Seeks to amend notification No. 1/2017-Customs dated 5th January, 2017 to insert S. Nos. 48 to 52 in the duty table to finalize the assessment of exports of jute products by M/s. Roman Jute Mills Ltd. (Producer/Exporter) and M/s SMP International, LLC,USA (Exporter/ Trader), M/s Aziz Fibres Limited (Producer/Exporter), M/s Natore Jute Mills (producer), Bangladesh and M/s PNP Jute trading LLC (Exporter/Trader), USA.

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