Forex reserves leap by $3.37 b More capital inflows, RBI dollar buying primary reasons
THE dollar rain on India continues and this time it has led to a historic one-time jump. Latest RBI data indicates an unprecedented rise in the forex reserves by $3.37 billion (about Rs 14,500 crore) in a single week for the week ended April 9. ...
Tardy implementation mars India Inc's investment plans
CORPORATE India has announced huge investments in the 2003-04. But, there appears to be many a slip between the announcement of a project and its implementation. For every Rs 100 worth of investments announced, only Rs 38.34 worth of projects ...
Interest rate cap on NRE deposits cut
THE Reserve Bank of India on Saturday capped the interest rates on non-resident external (NRE) deposit schemes to LIBOR/SWAP rates with effect from close of business in India on April 17. Earlier, NRE deposit schemes attracted a rate of 25 ...
Airing programmes on poll eve TV channels face dilemma over `political' stars
CAN Smriti `Tulsi' Irani appear in Kyunki Saas Bhi Kabhie Bahu Thi or Kuch Diiil Se just a couple of days before Chandini Chowk votes? Or can movie channels air films of stars such as Govinda, Dharmendra or Jayapradha who are ...
Indians in overseas cos can remit net salary to relatives abroad
INDIAN nationals employed by overseas companies, and on deputation to India, may now remit their salary for maintenance of close relatives residing abroad. In a notification issued here, the Reserve Bank of India has said that authorised ...
RBI tightens norms on import credit
Henceforth, credits up to $20 million per import transaction will be permitted only for ``import of capital goods''. This measure pertains to import transactions with a maturity period exceeding one year but less than three years, said an RBI ...
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