Topic: International finance
India’s Foreign Exchange Reserves
India’s foreign exchange reserves are external assets held and managed by the Reserve Bank of India on behalf of the Government of India. These reserves consist of (1)...
Income Tax Campaign for Foreign Assets Awareness
The Income Tax Department has initiated a new campaign that targets taxpayers with high-value foreign income or assets, which aims to enhance compliance for the Assessment Year 2024-25....
Nirvik: New Export Credit Insurance Scheme
The Ministry of Commerce & Industries through the Export Credit Guarantee Corporation (ECGC) has launched a new Export Credit Insurance Scheme (ECIS) called NIRVIK to enhance loan availability...Reliance Industries receives India’s first Letter of Credit (LC) payment via blockchain
HSBC Holdings Plc has executed India’s first trade financial transaction using blockchain for a deal involving an export by Reliance Industries Ltd (RIL) to US-based Tricon Energy. The...Masala Bonds
Masala Bonds are rupee-denominated bonds issued outside India, primarily in international markets, to raise capital from foreign investors. These bonds allow Indian entities to access overseas funding while...
