News for 'foreign exchange department'

'Great risk to nations from undermining independence of central bank'

'Great risk to nations from undermining independence of central bank'

Rediff.com28 Oct 2018

'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.

2 Indian-Americans arrested for H1B visa fraud

2 Indian-Americans arrested for H1B visa fraud

Rediff.com13 May 2015

The conspiracy with which Patel and Mohta are charged carries a maximum potential penalty of five years in prison and a $250,000 fine.

We are very much alive in the series, says Root

We are very much alive in the series, says Root

Rediff.com16 Feb 2021

Despite the chastening defeat, Root said they were still in the series.

4 decades and still shining: How India's romance with gold peaked

4 decades and still shining: How India's romance with gold peaked

Rediff.com22 Sep 2014

Despite the recent imposition of import rule and high duties, the yellow metal continues to attract buyers.

No holy cows to protect, says Jaitley on Aircel-Maxis

No holy cows to protect, says Jaitley on Aircel-Maxis

Rediff.com2 Mar 2016

As soon as the House met, AIADMK MPs trooped into the Well shouting slogans and demanded action from the government.

Cairn Energy lays off 40% staff following India tax dispute

Cairn Energy lays off 40% staff following India tax dispute

Rediff.com23 Feb 2015

The company has not been able to sell its 9.8% stake in Cairn India

Will Brexit be the end of May?

Will Brexit be the end of May?

Rediff.com10 Jul 2018

The Britain's ruling party is suffering a leadership challenge with Brexit Secretary David Davis and Foreign Secretary Boris Johnson dramatically resigning over their inability to support the terms and conditions drawn up to exit the European Union.

Prabhu's new trade policy mum on achieving exports target

Prabhu's new trade policy mum on achieving exports target

Rediff.com6 Dec 2017

Foreign Trade Policy: More incentives for exports, focus on ease of trading

US concerned over future government in Pak: Tillerson

US concerned over future government in Pak: Tillerson

Rediff.com5 Oct 2017

Tillerson said that he believed that the US has a partner in Pakistan.

AI has dues of over Rs 822 cr towards VVIP flights: RTI

AI has dues of over Rs 822 cr towards VVIP flights: RTI

Rediff.com6 Feb 2020

Air India had stopped the practice of issuing tickets on credit to government agencies for the travel of their officials in December last year because of accruing pending bills.

China backs Pakistan on Kashmir

China backs Pakistan on Kashmir

Rediff.com10 Oct 2019

'The scheduling of Imran Khan's visit to Beijing and its focus on the J&K situation underscores that Beijing shares the Pakistani concern that tensions with India are only going to escalate further in the period ahead,' says Ambassador M K Bhadrakumar.

India's Dilemma in Sri Lanka

India's Dilemma in Sri Lanka

Rediff.com21 Sep 2020

Both Mahinda Rajapaksa and Modi have learnt from their past mistakes. Modi has understood that Rajapaksa is a 'forever politician' that India has to live with, observes Ambassador M K Bhadrakumar.

Pompeo, Gokhale say Pak must take action against terror groups

Pompeo, Gokhale say Pak must take action against terror groups

Rediff.com12 Mar 2019

Gokhale and Pompeo expressed satisfaction over the significant progress and the quality of the India-US Strategic Partnership

India is proficient in making laws but lax in enforcing them

India is proficient in making laws but lax in enforcing them

Rediff.com21 May 2015

Concluding the three-part series, Paranjoy Guha Thakurta says that the black money law is likely to fail because of the ineptness of India's investigative and enforcement agencies.

Sonia meets Saudi king

Sonia meets Saudi king

Rediff.com27 Jan 2006

His visit was the first by a Saudi ruler in 51 years.

Everything you need to know about Dawood's auctioned properties

Everything you need to know about Dawood's auctioned properties

Rediff.com15 Nov 2017

Everything you need to know about the three properties belonging to Dawood Ibrahim, which were auctioned on Tuesday.

Black money: India offers cash reward to HSBC whistleblower

Black money: India offers cash reward to HSBC whistleblower

Rediff.com23 Mar 2015

The I-T department has also filed 77 prosecution cases.

FDI dips to $5.47 bn in Jan-March

FDI dips to $5.47 bn in Jan-March

Rediff.com19 Jun 2013

Foreign direct investment (FDI) in India has declined by six per cent to $5.47 billion during January-March quarter of the current calender year even as government is making efforts to promote the country as an investment destination.

Why Jaishankar refused to meet Pramila Jayapal

Why Jaishankar refused to meet Pramila Jayapal

Rediff.com20 Dec 2019

Jaishankar said that the resolution on Kashmir introduced by Jayapal in the House is not a fair characterisation of the situation in J-K. And also said that he has no interest in meeting the Congresswoman.

For cashless economy, govt wants to cap cash transactions at Rs 200,000

For cashless economy, govt wants to cap cash transactions at Rs 200,000

Rediff.com21 Mar 2017

Earlier, while presenting the Budget on February 1, Finance Minister Arun Jaitley had proposed to cap cash transactions at Rs 300,000 with effect from April 1.

Ease of doing biz: Exporters can use credit cards to pay fee

Ease of doing biz: Exporters can use credit cards to pay fee

Rediff.com3 Feb 2015

Exporters can make payment of fees through debit/credit cards.

129 Indians among 130 students arrested in US immigration fraud

129 Indians among 130 students arrested in US immigration fraud

Rediff.com2 Feb 2019

Foreign students knowingly enrolled in the fake school to falsely maintain their student visa status and remain in the US, according to prosecutors.

How FPIs are avoiding taxes on gains from non-convertible debentures

How FPIs are avoiding taxes on gains from non-convertible debentures

Rediff.com4 Jan 2018

Capital gains tax is no longer exempt even for investors coming via Mauritius, hence FPIs are now classifying it as interest income to save on taxes.

FPI investments from China likely to be capped at 5%

FPI investments from China likely to be capped at 5%

Rediff.com30 Jun 2020

Other measures being considered include relatively stringent KYC norms and a separate standard operating procedure for approval, renewal, and fresh investment from India's neighbouring countries.

Few flaws govt must tackle for the new trade policy to take off

Few flaws govt must tackle for the new trade policy to take off

Rediff.com2 Apr 2015

The new foreign trade policy is considered to be less effective.

India is ready to play tough with China

India is ready to play tough with China

Rediff.com9 Oct 2019

'India's preference today seems to be to exploit the deepening chill in relations with China to breathe new life into its meandering partnership with the US,' argues Ambassador M K Bhadrakumar.

'Business in India? Risks, uncertainties are substantial'

'Business in India? Risks, uncertainties are substantial'

Rediff.com13 May 2016

The company has pointed at the possibility of fines and financial penalties.

Budweiser maker pays Rs 40 cr, settles India bribery charge

Budweiser maker pays Rs 40 cr, settles India bribery charge

Rediff.com29 Sep 2016

Leading brewer Anheuser-Busch InBev will pay USD 6 million (Rs 40.2 crores) to the American authorities for settling charges of making "improper payments" to government officials in India to push sales and production.

Embraer to pay $205 mn to settle graft charges in India, 3 other countries

Embraer to pay $205 mn to settle graft charges in India, 3 other countries

Rediff.com24 Oct 2016

Aircraft manufacturer Embraer has agreed to pay over $205 million (over Rs 1,371 crore) as settlement with American and Brazalian authorities for resolving corruption charges in India and three other countries.

Chanda Kochhar seeks more time to appear before Sebi for a personal hearing

Chanda Kochhar seeks more time to appear before Sebi for a personal hearing

Rediff.com15 Oct 2018

Kochhar has been issued a showcause notice by the regulator for alleged violation of the code of conduct.

Govt to ease fund raising, revamp capital markets

Govt to ease fund raising, revamp capital markets

Rediff.com9 Sep 2014

The government is also working on Euroclearing, the world's biggest bond settlement system, for Indian debt securities.

Norwegian national asked to leave India for violating visa norms

Norwegian national asked to leave India for violating visa norms

Rediff.com27 Dec 2019

Janne-Mette Johansson, a Norwegian national on a tourist visa, came under the scanner of Bureau of Immigration authorities over her suspected participation in an anti- Citizenship Amendment Act protest in the Kochi three days ago.

India, US sign FATCA to fight tax evasion

India, US sign FATCA to fight tax evasion

Rediff.com9 Jul 2015

FATCA will facilitate flow of financial information between countries.

Is India finally winning the war against black money?

Is India finally winning the war against black money?

Rediff.com27 Jun 2019

A new framework has been put in place for automatic exchange of information between Switzerland and India to help check the black money menace with effect from January 1, 2018. The funds held by Indians through fiduciaries alone used to be in billions till 2007 but began falling after that amid fears of regulatory crackdown. It is now at second-lowest level in 20 years.

India's electronics manufacturing dream

India's electronics manufacturing dream

Rediff.com20 Oct 2020

...but are we chasing yesterday's dreams, asks Ajit Balakrishnan.

Corporate spying: CBI arrests commerce ministry employee

Corporate spying: CBI arrests commerce ministry employee

Rediff.com16 Mar 2015

CBI has also summoned a senior official of Reliance Industries Limited and a noted chartered accountant.

Arch-rivals Trump and Romney meet, discuss world affairs

Arch-rivals Trump and Romney meet, discuss world affairs

Rediff.com20 Nov 2016

The 2012 Republican presidential nominee and one of Trump's most vocal Republican Party critics during this year's election campaign, met privately with the President-elect for about an hour.

RBI clarifies on owned or controlled issue

RBI clarifies on owned or controlled issue

Rediff.com4 Jul 2013

Amidst debate over control of Jet Airways post UAE's Etihad buying stake, the RBI on Thursday notified FDI guidelines defining control of a company, saying that a firm will be said to be controlled by non-residents if they have powers to appoint majority of the directors.

Pro-actively pursuing case of missing Indian clerics: Pakistan

Pro-actively pursuing case of missing Indian clerics: Pakistan

Rediff.com18 Mar 2017

Two Indian clerics, including the head priest of New Delhi's Nizamuddin Dargah, have gone missing in Pakistan

ESOPs, M&As out of capital gains tax net

ESOPs, M&As out of capital gains tax net

Rediff.com7 Jun 2017

The regulations will only apply to the share purchases that have been done after October 1, 2004