In a move that is expected to increase inflows of foreign exchange and remittances, the cabinet approved relaxing the foreign direct investment policy on investment proposals made by Non-Resident Indians, Persons of Indian Origin and Overseas Citizens of India.
In a move that is expected to increase inflows of foreign exchange and remittances, the cabinet approved relaxing the foreign direct investment policy on investment proposals made by Non-Resident Indians, Persons of Indian Origin and Overseas Citizens of India.
The Reserve Bank said it is working with the government to simplify and liberalise procedures related to foreign exchange regulations to facilitate ease of doing business in the country.
For the sixth quarter in a row, India continued to lead the global confidence index in anticipation of improvement in the economy through reforms and stimulus announced by the central government, says a Nielsen report.
In a bid to facilitate External Commercial Borrowings lending denominated in rupee by overseas lenders, the Reserve Bank of India has allowed such lenders to enter into swap transactions with their overseas bank that shall, in turn enter into a back-to-back swap transaction with banks in India.
The Reserve Bank said it is working with the government to simplify and liberalise procedures related to foreign exchange regulations to facilitate ease of doing business in the country.
For the sixth quarter in a row, India continued to lead the global confidence index in anticipation of improvement in the economy through reforms and stimulus announced by the central government, says a Nielsen report.
In a bid to facilitate External Commercial Borrowings lending denominated in rupee by overseas lenders, the Reserve Bank of India has allowed such lenders to enter into swap transactions with their overseas bank that shall, in turn enter into a back-to-back swap transaction with banks in India.
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