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RBI liberalises EEFC account scheme

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......

Why imports are getting costlier

The finance ministry has moved to curb the current account deficit by raising the excise and Customs duties on gold and by raising tariff values and import duties on edible oil.On its part, the......

Rupee up 23 paise against dollar

The Indian rupee on Wednesday appreciated by 23 paise to close at 54.75 against the US dollar following sustained selling of the American currency by exporters and some banks amid persistent......

Rupee drops by 7 p vs USD at 55.65

In volatile trade, the rupee on Tuesday dropped by seven paise to close at 55.65 against the US currency, notwithstanding RBI announcing easing of norms with regards to retention of foreign......

Re rebounds from life-time lows; back to 55-level

After plunging to a new low of 56.38, the rupee on Thursday staged a smart recovery to close at 55.64 against the dollar to snap the three-day string of losses as Reserve Bank of India's......
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Advise on accounting

Hello All, My Query is about which exchange rate to be taken. ASubsidairy company in indiaengaged in research work in Indiafor onlyparent... ...

http://www.caclubindia.com/forum/advise-on-accounting-333405.asp
Concurrent Audit System in Commercial Banks - Revision of RBI's Guidelines

RBI/2015-16/133 DBS.CO.ARS.No. BC. 2/08.91.021/2015-16 July 16, 2015 The Chairman & Managing Director/ Chief Executive Officers of all... ...

http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=9949&Mode=0
State Bank opens forex division at city's SME branch

MANGALURU: State Bank of India (SBI) set up a foreign exchange division at its SME branch, Kodialbail, on Monday. Acting on a demand made by the... ...

http://timesofindia.indiatimes.com/city/mangaluru/State-Bank-opens-forex-division-at-citys-SME-branch/articleshow/47972352.cms
How ED cracked the money flow of Zoom Developers to USA?

Vijay Choudhary, the owner of Zoom Developers Pvt Ltd (ZDPL), was directly and knowingly involved in transferring the amounts received as... ...

http://indiatoday.intoday.in/story/ed-zoom-developers-vijay-choudhary-usa-money-laundering-california-land-zdpl-sharad-kabra/1/449081.html
Export awareness prog for rice mill traders, entrepreneurs held

Excelsior Correspondent Dignitaries during export awareness programme at Jammu on Tuesday. JAMMU, June 30: An export awareness programme for... ...

http://www.dailyexcelsior.com/export-awareness-prog-for-rice-mill-traders-entrepreneurs-held/

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