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Exchange Earners Foreign Currency

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SIT to probe 4,000 UP madrasas receiving foreign funds

 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,......

The tale of the 16 ED notices to Lalit Modi

 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......

India allows local firms to prepay forex bonds

 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......

RBI panel favours free rupee for trade

 A Reserve Bank of India task force on capital account convertibility is considering a string of procedural relaxations in foreign trade payments.Some of the major recommendations the task force is......

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......

Exporters get more sops to counter rupee blues

 The finance ministry on Sunday extended export credit and tax breaks to more industries as the rupee's appreciation to a nine- year high against the dollar has made goods sold overseas more......

Centre announces package for exporters

 Minister of Commerce & Industry Kamal Nath on Thursday announced a package of wide ranging measures to counter the negative impact of rupee appreciation on India's exports. The package includes......

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