Major Recommendation of the K J Udeshi panel of RBI
Ms. K J Udeshi is a former Deputy Governor of RBI. The K J Udeshi Panel was constituted by RBI in May on Forex dealings. Seeking improvement in individual foreign exchange transactions, the panel has said the central bank should allow non-resident Indians (NRIs) to jointly open joint foreign currency non-resident (FCNR)/non-resident external (NRE) accounts with a resident relative. The panel says that RBI can permit opening of FCNR accounts in any freely convertible currency.
- At present, account can be in Pound Sterling, US Dollar, Japanese Yen, Euro, Canadian Dollar and Australian Dollar (6 currencies).
Month: Current Affairs - November, 2011
Topics: Currencies of the Caribbean • Currency • Dollar • Economy • Euro • Fictional currency • Finance • Foreign exchange market • Pound sterling
Latest E-Books
Current Affairs Articles Compilation [PDF] - January, 2023 | ₹200.00 | ||
Current Affairs [PDF] - January 16-31, 2023 | ₹100.00 | ||
Current Affairs [PDF] - January 1-15, 2023 | ₹100.00 | ||
View All E-Books: Recent Release |
Comments