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 ..
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 ..