The Uttar Pradesh government has set up a special investigation team to investigate into 4,000 madrasas, mostly running along the border with Nepal, which are allegedly receiving funds from abroad,......
Lalit Modi has received 16 showcause notices from the Enforcement Directorate for alleged violations of the Foreign Exchange Management Act. Of these, 15 were issued under the United Progressive......
Reserve Bank of India has permitted banks to offer credit or non-credit facilities to Indian joint ventures or wholly owned subsidiaries abroad up to 10 per cent of their unimpaired capital funds,......
Reserve Bank of India has relaxed the exchange earners foreign currency account scheme by removing the ceiling of $3 million.Authorised dealers can now permit their exporter constituents to extend......
India said on Thursday domestic firms would be allowed to prepay existing foreign currency convertible bonds up to September 30, 2003.A government statement said, "The scheme would be available......
The Reserve Bank of India said on Sunday it would allow investors who sell their local shares to companies for conversion into American Depository Receipts or Global Depository Receipts to keep the......
In a decisive step to check sliding rupee, the Reserve Bank today disallowed exporters from retaining half of their foreign exchange earnings, leading to a sharp recovery of Indian currency against......