The move could also help broaden the international use of the rupee. In a bid to push for greater adoption of rupee for trade settlement purposes, the government on Thursday revised parts of the Foreign Trade Policy to give exporters greater flexibility to invoice overseas transactions and receive export proceeds in Indian rupees.The changes apply…
Alongside the import decision, the government has introduced tighter restrictions on sugar inventories held by large consumers. India has allowed duty-free imports of 1 million metric tons of raw sugar until October 31, the commerce ministry said on Thursday, as the government moves to boost domestic supplies and contain record prices ahead of the country’s…
The H-1B visa route is becoming more selective, compliance-intensive, and less forgiving. Has the Donald Trump administration effectively killed the H-1B visa dream? Frequent policy changes, increasing restrictions and selective picking – the H-1B visa path for Indian professionals is becoming tougher to navigate – with unpredictability serving as the biggest obstruction.H-1B visas have long…
NSE shares may trade on its platform under ‘permitted-to-trade’ route NSE could soon have its own shares trading on its platform, even as they are already listed on another stock exchange first. The exchange may not need a separate Sebi approval to do this, as the move could come under its existing ‘permitted-to-trade’ system, an…
MUMBAI: Within hours of Sebi chairman Tuhin Kanta Pandey warning market players about strict regulatory actions against any manipulation with the recently introduced Closing Auction Session (CAS), the regulator late Wednesday banned Copthall Mauritius Investments, a foreign fund from the market till further orders and impounded nearly Rs 3 crore.Sebi alleged that Copthall Mauritius had,…
NEW DELHI: Uneven demand, commodity price volatility, trade related uncertainty due to heightened geopolitical tensions and cheap imports are impacting capex decisions of the corporate sector as the investment confidence is still “catching up”, said a paper prepared for the two-day banking conclave this week, which was attended by FM Nirmala Sitharaman.“Large capital projects require…
The proposal is intended to reinforce stability in the foreign exchange market. Facing pressure on external payments, Pakistan has approached the US for a $10 billion facility to bolster its foreign exchange reserves. The move comes as part of moves to boost confidence among international investors, Finance Minister Muhammad Aurangzeb said, according to a PTI…
The stock limit will be from Sep 1 to Nov 30 NEW DELHI: The government has imposed a stock limit on sugar for bulk consumers, including confectionery makers, soft drink manufacturers, food processing industries, sweetmeat sellers and other institutional buyers. These consumers can hold a maximum of 10 tonnes of sugar for 15 days.The stock…
Gold is targeting 162,000 as the next meaningful resistance, with the current setup continuing to favour the bullish bias. Gold and silver price prediction today: Gold prices are exhibiting a near-term bullish bias with consolidation in focus. Silver is presenting a buying opportunity, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group….
Investigators found that a significant share of the funds was routed to a small group of overseas destinations. Income Tax crackdown: The Income Tax Department has uncovered a large overseas remittance network that involves as many as 6,422 new entities. These companies collectively transferred Rs 1.29 lakh crore abroad. The findings have already led to…
