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Foreign Exchange Management,the Possession and Retention of Foreign Currency Regulations, 2015
RESERVE BANK OF INDIA Mumbai – 400 001 RBI/2015-16/312 February 04, 2016 A.P. (DIR Series) Circular No.47/2015-16 [(1)/11(R)] To All Category – I Authorised Dealers and Authorised Banks Madam/ Sir Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 notified vide Notification No. FEMA. 11(R)/2015-RB dated December 29, 2015, c.f. G.S.R. No.1006 (E) dated December 29, 2015, which supersedes the Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2000 and all amendments thereto. 2. Synopsis of the new regulations is given as under: A. Following are the limits for possession or retention of foreign currency or foreign coins, namely :- i. possession without limit of foreign currency and coins by an authorised person within the scope of his authority ; ii. possession without limit of foreign coins by any person; iii. retention by a person resident in India of foreign currency notes, bank notes and foreign currency travellers’ cheques not exceeding US$ 2000 or its equivalent in aggregate, provided that such foreign exchange in the form of currency notes, bank notes and travellers cheques; a. was acquired by him while on a visit to any place outside India by way of payment for services not arising from any business in or anything done in India; or b. was acquired by him, from any person not resident in India and who is on a visit to India, as honorarium or gift or for services rendered or in settlement of any lawful obligation; or c. was acquired by him by way of honorarium or gift while on a visit to any place outside India; or d. represents unspent amount of foreign exchange acquired by him from an authorised person for travel abroad. B. A person resident in India but not permanently resident therein may possess without limit foreign currency in the form of currency notes, bank notes and travellers cheques, if such foreign currency was acquired, held or owned by him when he was resident outside India and, has been brought into India in accordance with the regulations made under the Act. Explanation: for the purpose of this clause, ‘not permanently resident’ means a person resident in India for employment of a specified duration (irrespective of length thereof) or for a specific job or assignment, the duration of which does not exceed three years. 3. The new regulations have been notified vide Notification No. FEMA. 11(R)/2015-RB dated December 29, 2015, c.f. G.S.R. No.1006 (E) dated December 29, 2015 and shall come into force with effect from December 29, 2015. 4. AD Category- I banks may bring the contents of the circular to the notice of their constituents concerned. 5. The directions contained in this circular have been issued under Section 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/ approvals, if any, required under any other law. Yours faithfully, (B P Kanungo) Principal Chief General Manager
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Performance and Talk by Shital Sathe and Troupe, Press Club, New Delhi
From: napm india Fri, 5 Feb ’16 1:28p
To: napm-india and others
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AN INVITATION
Performance and Talk by Shital Sathe and Troupe
Performance and Talk by Shital Sathe and Troupe
Venue: Press Club, New Delhi
Date: Sunday, 7 Feb. 2016
Time: 3 to 5 pm
Shital Sathe, the dynamic poet-singer from Kabir Kala Manch (KKM) and some of her new co-performers will sing and speak at the Press Club at 3 pm on Sunday.
It may be recalled that the KKM, a working class and mostly Dalit cultural troupe, was forced to go into hiding in 2011 after the police arrested and tortured one of them on suspicion of associating with Naxalites.
In 2012 a documentary film “Jai Bhim Comrade” featuring the KKM won a National Award and a Maharashtra State award. The prize money was used to start a KKM Defence Committee, whose lawyers succeeded in getting bail for the arrested KKM.
With renewed confidence that the awakening of civil society would give them a decent chance to seek justice, the rest of the KKM members in hiding decided to give themselves up to the police for questioning. In April 2013 Shital Sathe and her husband, the poet Sachin Mali, did a Satyagraha by singing songs in front of the Maharashtra State Assembly and were duly arrested. A month later the rest of the KKM followed by singing songs in the office of the Maharashtra Home Minister, R. R. Patil. From this group, Sagar Gorkhe and Ramesh Gaichor were taken into custody, but the Minister assured those present that the State would view their matter sympathetically.
3 months later Shital Sathe was released by the Bombay High Court on bail, in part, because she was in the late stages of pregnancy. Almost three years later, Sachin, Sagar and Ramesh are still in jail, twice denied bail by the same High Court judge, awaiting a trial that never quite starts. They are now appealing for bail in the Supreme Court.
Shital Sathe, who has formed an independent group, has been performing in many parts of Maharashtra. She often sings songs composed by Sachin from his prison cell. The story of India’s marginalized people, whom the system suppressed for thousands of years, as well as the need to build a secular and democratic society, vividly and soul searchingly emerges from these songs.
It is no accident that in recent times on several occasions where Shital has performed, the ABVP has taken upon itself to disrupt, or threaten to disrupt her performances, on the grounds that she is an “anti-national”.
We have seen what such a concerted campaign did to Rohit Vemula.
Sincerely, Anand Patwardhan
Co-organizers
Co-organizers
Kabir Kala Manch Defence Committee (KKMDC)
Prakash Ambedkar (Bharipa Bahujan Mahasangh)
Ambedkar Periyar Study Circle, Chennai
Ambedkar Students Association, Hyderabad
Film and Television Institute of India (FTII) Students Association
National Alliance of Peoples Movements (NAPM)
Peoples’ Union for Civil Liberties (PUCL)
Peoples’ Union for Democratic Rights
Indian Peoples Theatre Association (IPTA), Delhi
Jana Natya Manch (JANAM)
All India Students Federation, JNU
All India Students’ Association (AISA)
Communist Party of India (CPI)
Socialist Party (India)
Jamia Milia Teacher’s Solidarity Association
Anhad
Navayana
Navayana
Sahmat
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