The APA-The Advance Pricing Agreement

The Advance Pricing Agreement (APA) program is proposed to be introduced from July 1, 2012, as per the Union Budget 2012. An APA is an arrangement between the tax payer and tax authority to resolve potential disputes in relation to determination of Arm’s Length Price (ALP) of an international transaction through an upfront agreement.  More...

by gktoday | Published 6 years ago
By gktoday On Friday, March 16th, 2012
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Bank Exam Special Edition from General Knowledge Today

Dear General Knowledge Today Readers, This edition of general knowledge today is specially focused on Bank Exam Preparation. Hope this special edition will help you a lot in preparation of upcoming bank examinations. Best More...

By gktoday On Friday, March 16th, 2012
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The Reserve Bank of India

The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta More...

By gktoday On Friday, March 16th, 2012
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Organisation Structure of Reserve Bank of India

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By gktoday On Friday, March 16th, 2012
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RBI’s role as Banker to Indian Government

1. What is RBI’s role with regard to conduct of Government’s banking transaction? In terms of Section 20 of the RBI Act 1934, RBI has the obligation to undertake the receipts and payments of More...

By gktoday On Friday, March 16th, 2012
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Security features in Indian Currency Notes

Mahtma Gandhi (MG) Series 1996 The banknotes in MG Series – 1996 are available   in the denomination of Rs.5, (introduced in November 2001) Rs.10 (13-06-1996), Rs.20 (24-08-2001), Rs.50 (14-03-1997), Rs.100 More...

By gktoday On Friday, March 16th, 2012
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Currency Management in India

What is the role of the Reserve Bank of India in currency management? The Reserve Bank derives its role in currency management from the Reserve Bank of India Act, 1934.The Reserve Bank manages currency in India. More...

By gktoday On Friday, March 16th, 2012
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What is a currency chest ?

What is a currency chest? To facilitate the distribution of banknotes and rupee coins, the Reserve Bank has authorised select branches of scheduled banks to establish Currency Chests. These are actually storehouses More...

By gktoday On Friday, March 16th, 2012
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The Indian Currency

What is the Indian currency called? The Indian currency is called the Indian Rupee (INR) and the coins are called paise. One Rupee consists of 100 paise. What are the present denominations of banknotes in India? At More...

By gktoday On Friday, March 16th, 2012
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History of Coins and Currencies

History of Coins / currency: I. Coins The first documented coinage seems to have started with ‘Punch Marked’ coins issued between the 7th-6th Century BC and 1st Century AD.  The coinage can be classified More...