Page-8 of Currency Current Affairs, GK & News
The Reserve Bank of India (RBI) recently allowed Indians who have non-resident accounts in India to hold them in any currency which is fully convertible. This decision by RBI is likely to assist NRIs/PIOs (Persons of Indian Origin) as it will give them more options in the holding of accounts, and diminish the peril from ..
Topics: Central bank • Currency • Economy • Economy of the European Union • Euro • Finance • Financial cryptography • Foreign exchange market • Japanese yen • Monetary hegemony • Money • Reserve Bank of India
Currency Exchange Rate Oversight Reform Act of 2011 Recently, the US Senate voted to advance a Bill pressuring China to prevent undervaluing its currency. The Senate voted in favour of the proposed Currency Exchange Rate Oversight Reform Act of 2011. This bill is basically an international trade bill in that would establish US tariffs on ..
Topics: Currency • Currency Exchange Rate Oversight Reform Act • Currency intervention • Current Affairs – February, 2016 • Economy • Exchange rate • Finance • Foreign exchange market • International macroeconomics • Money • Renminbi • United States federal legislation
The Rupee was on its lowest point in 2 years after September 2009. The sustained fall is not only bad news for importers but is also fuelling inflation, pushing up prices of fuel and other commodities. The Falling Rupee is also negative factor for foreign institutional investors by reducing their effective returns. Re fall adds ..
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 ..
Topics: Australian dollar • Currencies of the Caribbean • Currency • Dollar • Economy • Euro • Fictional currency • Finance • Foreign exchange market • Japanese yen • Pound sterling • United States dollar
The first two plans developed a institutional structure to take the country on path of developed economy. Third plan for the first time rode on the wave of high expectation following overall growth of the economy of India. In this plan, India made efforts to achieve self reliance in food production and industry. However, the ..