Global sovereign rating agency Standard & Poor’s said it will maintain negative outlook for the India as currency depreciation is adversely impacting investors’ confidence. They will maintain a negative...
Taking further measures to reduce the burden on the already weakened rupee, RBI reduced the limit for remittances made by individuals to $75,000 from $200,000 per financial year...
The government banned duty free import of flat screen television by air travelers with a view to control down sliding rupee which declined below the 63 level against...
With the aim to attract foreign investors towards Indian debt market, market regulator SEBI auctioned government debt securities worth $9.34 billion (Rs 58,264 core) and it received bids...
As per the RBI, the limit on Foreign Direct Investment (FDI) in Asset Reconstruction Companies (ARCs) has been increased to 74% from 49%, another measure to attract capital inflows to...
As per Reserve Bank of India (RBI) Governor D. Subbarao, banking as well as Non-Banking Financial Companies (NBFCs) must be under a unified regulation of the central bank...
There was a sharp increase in complaints relating to Internet related bank frauds. The total number of complaints increased marginally from 3,486 in 2011-12 to 3,494 in 2012-13....
The market regulator Securities and Exchange Board of India (SEBI) has decided to go in for a major refurbishment of its role, vision and organisational set up with...
In order to check the increasing Current Account Deficit (CAD) and curtail the rupee downslide due to an unstable foreign exchange market, the government has announced a set...
As per the Reserve Bank of India, the country’s foreign exchange reserves lowered by an immense USD 2.995 billion to USD 277.167 billion. Foreign currency assets which are a major...
