Direction is necessary on ____ time
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answar :- saturate ..
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Fixed time and direction
Explanation:
- Master Directions were published with the goal of consolidating instructions on all Reserve Bank of India rules and regulations established under several Acts, including banking concerns and foreign exchange.
- We'll start with the Master Directions and then move on to the Master Circulars. You must first comprehend what a Master Direction is.
- It is a collection of pertinent A.P (DIR Series) Circulars issued to date within the scope of the applicable regulations, modified to reflect the most recent changes and to cover the various types of transactions that are permissible under the rules.
- The Foreign Exchange Management Act of 1999 established requirements (FEMA).
- It takes precedence over everything else. the Circular Master. Following the publication of the Master Directions, when necessary, explanations of rules and regulations will be provided in the form of Frequently Asked Questions (FAQs).
- Issuing Master Directions includes issuing one Master Direction each subject area, which covers all of the topic's instructions. Circulars are used to keep everyone informed about any changes to the rules, regulations, or policies that occur throughout the year.
- The Master Directions, which can be available on the RBI website, will reflect these changes, as well as the dates on which they were implemented.
- Master Directions on foreign exchange matters are primarily concerned with how an authorised person should conduct cross-border/forex transactions.
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