In a bid to target Resurgent India Bondholders looking at long-term investment opportunities, SBI Life Insurance Company Ltd on Monday introduced 'Setubandhan', a policy aimed at non-resident Indians with an assured return of five per cent per annum.
Liberalising and simplifying the existing regulations, Reserve Bank of India on Wednesday said an individual resident may borrow up to $250,000 or its equivalent from close relatives residing outside India, subject to certain conditions.
Concerned over terror funding, the World Bank and the IMF have launched an intense programme using a comprehensive methodology involving 75 client countries to identify the means of formal and information remittances used for money laundering.
India's foreign exchange reserves surged ahead in the first week of the new fiscal following fresh accretion of over $1 billion to move past the record levels of $112 billion during the week ended April 2, 2004.
The rise in India's foreign exchange reserves continued with further fresh inflows and export remittances of $595 millon pushing the forex reserves past the $71 billion mark during the week ended January 10.
If you are planning for a long-term goal like your child's education in a foreign university, invest about 20% of your portfolio in foreign assets that can provide a hedge against the rupee's depreciation.
A few adjustments can help foreign travellers and students reduce the impact of a falling rupee.
India's foreign exchange reserves surged ahead by a record inflow of over $1.7 billion to touch $103.82 billion during the week ended January 9, 2004.
India needs to sustain a GDP growth rate of 8 per cent to become a five trillion dollar economy by 2025, the Economic Survey has stated.
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 line of business.
After a brief overnight pause, the rupee climbed to a new 38-month peak against dollar early on Tuesday. In hectic trade at the Interbank Foreign Exchange market this morning, the rupee breached the crucial 45.40-dollar barrier and touched 45.36/37.
The foreign exchange reserves during the week ending February 14 rose by $616 million mainly due to foreign investments and export remittances at $75,283 million, according to Reserve Bank of India
Spurred by sustained heavy foreign funds inflows, export proceeds and expatriate remittances, the rupee surged by yet another 17 paise to hit a new 38-month closing peak of Rs 45.39/40 per dollar on Friday.
India's top financial bureaucrat denied on Monday that the government was seeking dollar loans to repay some of its offshore debt.
Irrational behaviour, born out of incomplete understanding, biases, overconfidence, fear or greed, has led investors to make less than half of what they could have in the capital markets, says Erik Hon.
India's foreign exchange reserves surged ahead and crossed $68 billion due to inflows of continuous export remittances and revaluation of Euro vis-a-vis the US dollar.
India's foreign exchange reserves gained a record $828 million to $67.753 billion during the week ending December 6, 2002.
Ongoing trade-war rhetoric between the US and China added some nervousness on the trading front coupled with extremely bullish dollar sentiment overseas.
Since trading in virtual currencies is not illegal, they traded in cash or through barter in some instances.
The Enforcement Directorate had asked for financial details from both public and private sector banks and a part of these details were submitted last week
After a dip last week, India's foreign exchange reserves again went up to record highs and were nearing the $75 billion mark during the week ended March 28, 2003.\n\n
Driven by a surge in remittances by expatriates and software exports, India's balance of payments saw a surplus of $1.90 billion on current account for the first quarter ending June 2004 as against a deficit of $637 million
Close to 29 per cent of all complaints received from customers is related to ATM, debit card and credit card payments
The country's foreign exchange reserves jumped from $68.435 billion to $69.508 billion in the reporting period, according to Reserve Bank of India's weekly statistical supplement.
Hasmukh Adhia to present revenue dept's performance over past year & plan for current financial year
The rupee ended at a 2002 closing high against the dollar on Wednesday, boosted by robust remittances by exporters and banks going short on the greenback on hopes that more gains were in store for the local currency.
2017 saw the highest-ever mobilisation by way of IPOs of close to Rs 700 billion. The momentum is expected to continue this year as well.
The government has set up a standing group on the economic fallout of the ongoing US-led war on Iraq to look into issues particularly related to exports, inward remittances, oil prices and tourism.
Robust trade flows and remittances by expatriates helped India's foreign exchange reserves rise for the 15th straight week to a record high, analysts said after the central bank released the latest data on Saturday.
Saudi Arabia relies more heavily on migrant labour than any other large country.
After recording a massive jump of over $1 billion in the previous week, India's foreign exchange reserves crossed a record high level of $70 billion in the week ended December 27.
The Budget for 2016-17 has announced a massive rollout of ATMs and micro-ATMs.
The CBI has shared its findings with the Enforcement Directorate.
Currently, non-residents visiting India are not allowed to take out any Indian currency while leaving the country.
'More than 900 companies believe that the majority of their employees worry about AI's role in potential job losses.' 'It makes employees anxious about working with machines or AI applications and fuels resistance to change,' says a Capgemini report.
