The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period March 10, 2008 to March 14, 2008.All Figures are in USD MillionsMERCHANTINTER BANKPositionDateSpotFCY/INRForwardFo

The Indian Economy and the Reserve Bank of India: Random Thoughts(Shri Yeshwantrao Chavan Memorial Lecture 2007-08 delivered by Dr. Y V Reddy, Governor, Reserve Bank of India at the Indian Institute of Public Administration, Maharashtra Branch, Mumb

I Acquisition of Immovable Property in IndiaQ.1 Who can purchase immovable property in India?A.1 Under the general permission available, the following categories can freely purchase immovable property in India:i) Non-Resident Indian (NRI)- that is

Foreign Investments in India(As on April 1, 2007)The FAQs cover broadly the following areas :I. Foreign Direct InvestmentII. Foreign Technical CollaborationIII. Foreign Portfolio InvestmentIV. Investment in Government Securities and Corporate debtV.

Introduction:The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Under the Act, freedom has been granted for buying and selling of foreign exchange for undertaking

I. DOMESTIC DEPOSITS1. Whether banks can accept interest free deposits?Banks cannot accept interest free deposits other than in current account.2. Whether banks can pay interest on savings bank accounts quarterly? Banks can pay interest on savings ba

RIGHT TO JUSTICE ALL RIGHTS THAT LEGALLY ACCRUE TO AN INDIAN CITIZEN HAVE TO BE ENFORCED EVENTUALLY THROUGH COURTS. THE WAY OUR JUDICIAL SYSTEM IS WORKING, MAKE IT IMPOSSILE FOR THE COMMON CITIZENS TO THINK OF

Indian society is becoming complex. We have always believed that our legal system was next to none. When all other existing disciplines such as technology, science, medicine and education made changes and conversions, the discipline of law refused

Industrial and e conomic expansion has helped India to reduce its federal fiscal deficit. Ongoing disagreement with Pakistan over Kashmir, caste and religious issues, movement of extremist organizations, networks, and individuals has blemished our im

India developed nuclear weapons of its own without outside support or help. Then it was giving a brave face for almost 30 years ignoring the world community by refusing to sign the NPT. In July 2005, The US administration declared its willingness f

Mr. M.C. Mehta, who is a pioneer in the field of environmental law and one of the lawyers who has virtually dedicated himself to this cause, deserves to be commended for the persistence with which is admirable to say the least. Almost every environme

Prabuddha Ganguli CEO Vision-Ipr The Indian Patent Act is on the verge of another long awaited welcome track change to ensure enhanced protection of inventions by the scrapping of Sectio

Close patent loopholes Patents Need LegalSupportArticleTHEgroup of ministers (GoM) on patents is in favour of : retaining the pre-grantopposition provision in the patents Act. This will prelude grant of badpatents. but safeguards are needed to ensure

Can Buy Back of shares be made by a Scheme of Arrangement?G. P. SahiPublished on 2005-06-24IntroductionSection 77A was introduced by the Companies (Amendment) Act, 1999, pursuant to the report of the working group which was set up to suggest reforms

DEED OF DISSOLUTION OF PARTNERSHIP(Involving immovable property)THIS DEED OF DISSOLUTION Is made at ... this day ... between Mr. A residing at ... hereinafter referred to as 'the Party of the First Part' and Mr. 'B' residing at ... hereinafter referr

Applicability of Section 138 of Negotiable Instruments Act, 1881 on Issuing of Cheques as a Security or for Future Liability. Money or paper currency was developed as an alternative to the barter system as medium of exchange. However, with the growth

SELF HELP THROUGH CONSUMER PROTECTION Dr. Sheetal Kapoor**“A customer is the most important visitor on our premises. He is not dependent on us. We are dependent on him. He is not an interruption in our work - he is the purpose of it. We are not doing

Settlement deed made simple The execution of Will has its own hassles in identifying a reliable person to be the executor and involves expense, writes C.H.Gopinatha Rao Better Alterantive: Settlement is less expensive than will Photo: H. Satish Imagi

ASHOK B. JAIN MANAGEMENT OF ENVIRONMENT THROUGH LEGISLATIONS AN OVERVIEW The process of population explosion, heavy industrialization and growing urbanisation has successed in creating acute problems of

MaintenanceIn India, the Criminal Procedure Code and the Hindu Adoptions and Maintenance Act provides for claiming maintenance under certain circumstances.Maintenance in simple words means sustenance. In order to maintain the flow of life a person ne