Property transaction Norms for NRIs, eased by RBI

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 ..

Month: Current Affairs - December, 2011

Currency Exchange Rate Oversight Reform Act of 2011

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. ..

Month: Current Affairs - December, 2011

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 ..

Month: Current Affairs - November, 2011

General Compendium-5

The Bretton WoodsEconomies of ScaleG-77ChaityaNatarajaBlood GroupsThe Bretton WoodsThe Bretton Woods system is commonly refers to the international monetary regime that prevailed from the end of World War II until the early 1970s. Taking its name from the site of the ..