WebApr 7, 2024 · Inward remittances have reached an all-time high of $107.5bn during 2024, according to RBI Governor Shaktikanta Das. The remittances have surpassed World Bank projections by $7.5bn, providing a macroeconomic cushion for India's external sector, adding to its foreign exchange reserves, fuelling investment and consumption, and … Webannounced Investment Allowance (additional depreciation) of 15% for any investments more than Rs 25 crores (>~USD 4 million) in any year in new plant and machinery. This benefit will be available for investments made up to 31.3.2024. 6. Government provides preference to domestic manufacturers in its procurement to promote
RESERVE BANK OF INDIA EASES UP NORMS ON ROUND …
Web2 days ago · Credit and finance for MSMEs: A working paper by the Reserve Bank of India (RBI) analysing the impact of foreign direct investment (FDI) on profitability has said that FDI plays a greater role in ... WebOct 3, 2024 · The Overseas Investments Rules, the Overseas Investments Regulations and the Overseas Investments Directions are hereinafter collectively referred to as the “New … chx price today
Reserve Bank of India - Frequently Asked Questions
WebApr 11, 2024 · Arguments for India Joining the Investment Facilitation Agreement (IFA) Boost in Foreign Investment: India has been receiving significant foreign investment … Web1 day ago · Finance Minister Manmohan Singh announced in the 1994-95 Budget that the rupee was being made convertible on the current account. In the run-up to that, Singh and … Web21 hours ago · The RBI has granted approvals to domestic and foreign banks in 60 cases for opening special rupee bistro accounts to facilitate overseas trade, and banks including HDFC and UCO have already opened such accounts. The move promotes cross-border trade in the Indian currency and enables settlement of payments in rupees for trade between … dfw mountain cedar