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Foreign Exchange Dealers Association Of India

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Hawala scam worth Rs 5,000 cr busted

An Indian businessman accused of terror financing by Homeland Security of the US was on Friday booked by Enforcement Directorate for running an alleged hawala operation to the tune of Rs 5,000......

Global funds urge Sebi to push T+1 deadline by 18 mths

A global association for regulated funds that is leading efforts to shorten the settlement cycle for US equities has reached out to the Securities and Exchange Board of India (Sebi) with a plea to......

India on cusp of major changes in capital account convertibility: RBI

Hinting at further relaxation in the capital account convertibility norms, RBI Deputy Governor T Rabi Sankar on Thursday said the country is on the cusp of some fundamental shifts with regard to......

Economic recovery stronger than expected, but risks remain: Shaktikanta Das

Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the country's economy has recovered stronger than expected from the initial impact of the COVID-19 pandemic, but there is a......

Sebi's new rules for executing trades may open Pandora's box for MFs

Fund managers may end up losing out on crucial information during market hours, leading to information asymmetry vis-a-vis other institutional investors such as alternative investment funds,......

Bank mergers and death of forex brokerages

Business is down to such an extent that last year these firms could not even meet RBI’s capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this......

All payments during IPL in SA in 2009 were legitimate: BCCI

The Board of Control for Cricket in India on Saturday refuted allegations that it violated India's foreign exchange regulations while conducting the second edition of the Indian Premier League in......

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