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Foreign Exchange Department

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DRI slaps FEMA on Pakistani singer Rahat, manager

The Directorate of Revenue Intelligence on Saturday slapped the charges of Foreign Exchange Management Act and Customs Act violation against Pakistani Sufi Singer Rahat Fateh Ali Khan and his......

'Strict decisions have to be made for the good of the poor'

'You cannot judge a government within a month. Give us five years' time.' 'At times, strict economic decisions have to be made for the good of the poor in the long run.' Dharmendra Pradhan, one of......

President Pranab's address to Parliament: The transcript

President Pranab Mukherjee on Monday addressed the first joint sitting of Parliament as mandatorily required under the Constitution after the general elections. The address is the political,......

Five Indian Americans held in student visa, financial fraud

Each of the defendants was associated with the Micropower Career Institute, a for-profit school with five campuses in New York and New Jersey, or the Institute for Health Education, a for-profit......

Shiv Shankar Menon hangs up his boots after 42 years

Those who know Shiv Shankar Menon will vouch that he did many substantial things in the immediate neighbourhood and widespread in South Asia, but without making things public. Only twenty per cent......

Sebi move on FPI regime grounded

The Securities and Exchange Board of India’s move to harmonise various modes of foreign investments into Indian markets has hit a finance ministry road block. At its board meeting in October,......

Jet-Etihad deal: Finmin raises questions on effective control

After Securities and Exchange Board of India, the Foreign Investment Promotion Board has sought more clarity on the Rs 2,058 crore (Rs 20.58 billion) Jet-Etihad deal about effective control and......

RBI reverses forex relaxation for SEZs

Clamping down  on the delays in repatriating foreign exchange earnings,  the Reserve Bank of India (RBI) has tightened norms for special economic zones (SEZs), asking them to realise and......

'Steps to check gold import showing results'

The government said on Tuesday the recent steps to curb gold import is showing results as demand for foreign exchange to buy gold has come down significantly. "In last 5 -7 days, the large foreign......

FDI from Pak: RBI to issue notification by month-end

The Department of Industrial Policy and Promotion (DIPP) has finally sanctioned the proposal of allowing foreign direct investment (FDI) from Pakistan. But the final notification will be issued by......

BCCI blames Modi for FEMA violations in IPL

Under fire over allegations of foreign exchange violations in IPL, BCCI's top officials o Wednesday blamed sacked Commissioner Lalit Modi for "mistakes" as they told a Parliamentary panel that they......

ED to probe IPL's foreign deals

Even as the Income Tax department is probing the financial dealings of the money-spinning Indian Premier League, the Enforcement Directorate (ED)will look into the alleged murky international deals......

  People speak for foreign exchange department

  • QNA
Prasoon Prasoon
Q. Does Reliance as a company provide any value to India ? It buys all technologies from foreign players, sells it in Indian market reaping huge profits. Ambanis are so much averse to R&D that none of their centers have any learning department or library .
Prasoon Prasoon:  A.  more

http://qna.rediff.com/questions-and-answers/does-reliance-as-a-company-provide-any-value-to-india--it-bu/27504165/answers/

Prasoon Prasoon
Q. Who actually prepares the data for exchange of money e.g from Rs to dollar or currency of any country
Prasoon Prasoon:  A. RBI and the Foreign Exchange departments of the banks more

http://qna.rediff.com/questions-and-answers/who-actually-prepares-the-data-for-exchange-of-money-e.g-fro/27504165/answers/19036418

Rakesh Kumar
Q. I RECEIVED A MAIL FROM YOUR FOREIGN EXCHANGE DEPARTMENT ABOUT FEW AMOUNT TRANSFER TO MY ACCOUNT WHICH THEY RECEIVED FROM FOREIGN COUNTRY. IS IT TRUE OR FALSE. MY NAME IS KRUPA SINDHU MISHRA,INDORE(M.P.)
Rakesh Kumar:  A. no beware of the SCAM Just ignore more

http://qna.rediff.com/questions-and-answers/i-received-a-mail-from-your-foreign-exchange-department-abou/19036390/answers/18182339

KRUPA MISHRA
Q. watz meaning of deemed export ?
KRUPA MISHRA:  A. Deemed Exports refers to those transactions in which the goods supplied do not leave the country and the payment for such supplies is received...... more

http://qna.rediff.com/questions-and-answers/watz-meaning-of-deemed-export-/18182322/answers/16696849

  Web results for Foreign Exchange Department
A Difficult Quarter Again Seen for Banks

Bank of America (NYSE:BAC) Intraday Stock Chart Today : Friday 11 July 2014 By Saabira Chaudhuri Halfway through the year, banks aren't... ...

http://in.advfn.com/news_A-Difficult-Quarter-Again-Seen-for-Banks_62872547.html
Budget helps salaried class to save up to Rs 40,000

Duties raised on cigarettes, tobacco, pan-masala Finance Minister Arun Jaitley presenting the budget for 2014-15 in Lok Sabha on Thursday. (UNI)... ...

http://www.dailyexcelsior.com/budget-helps-salaried-class-save-rs-40000/
California man sentenced to 15 years for espionage

A federal judge on Thursday sentenced a California chemical engineer to 15 years in prison and fined him $28.3 million for a rare... ...

http://www.sify.com/news/california-man-sentenced-to-15-years-for-espionage-news-others-ohklphbafbfef.html
Germany kicks out top US spy over spy spat

Germany announced Thursday it is kicking out Washington's top spy in Berlin, a dramatic response from a key U.S. ally to a yearlong spying dispute... ...

http://www.sify.com/news/germany-kicks-out-top-us-spy-over-spy-spat-news-others-ohkqpiifjgief.html
Ball Aerospace Takes Delivery of CERES instrument for the JPSS-1 Polar-orbiting Satellite

/PRNewswire/ -- The Clouds and Earth's Radiant Energy Systems (CERES) instrument for the National Oceanic and Atmospheric Administration's (NOAA)... ...

http://www.itnewsonline.com/prnewswire/Ball-Aerospace-Takes-Delivery-of-CERES-instrument-for-the-JPSS-1-Polar-orbiting-Satellite/332943

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