Search Result for : Indian Rupees

The Dollar Business Bureau Despite India’s offer to spend around $11 billion (about Rs.70,000 crore) for the development of Farzad B gas field in Iran and building the infrastructure for exporting the gas, Tehran had stated that it is under ‘no obligation’ for awarding the contract for the gas field to India, according to media reports.  New Delhi is willing to invest as long as Iran assures a “reasonable return” on the gas project. India’s state-run oil company ONGC Videsh Ltd has given the offer for investing around $6 billion in the Farzad-B gas field project and the remaining amount to spend in building a facility for liquefied natural gas (LNG) exports.  On the contrary, Iran has signed an agreement with Russian gas ...

The Dollar Business Bureau India and Indonesia will emerge as the most popular choices for foreign investors and strategist in 2016, due to their less dependency on external demands on bonds, currencies and stocks in the Asian emerging markets. The other major Asian economy, South Korea, will remain on the investors’ watch list, amid prevalent concerns that the US President-elect Donald Trump will harm the global trade once he takes office early next year. Amid the conspicuous instability in global trade and financial environment, India seems to be offering financial stability, room for further rate cuts; almost more-than-ideal situations to attract fund inflows. However, China’s Yuan and South Korea’s won are more likely to remain unstable during the coming year. Credit Agricole CIB expected ...

PTI Government will re-introduce Rs 1,000 banknotes in a few months and also issue new series of lower denomination bills with enhanced security features. The government on Tuesday had demonetised the Rs 500 and Rs 1,000 notes as part of its efforts to clamp down against the black money, fake currency and terror financing. These are being replaced with new currency bills of Rs 500 and Rs 2,000. "In a few months, Rs 1,000 notes with new features will be brought into the market," said Economic Affairs Secretary Shaktikanta Das while addressing the Economic Editor's Conference here today. The currency notes of lower denomination of Rs 100 and Rs 50 will continue to be the legal tender, he said, adding the ...

The Central Government hereby amends the Gold Monetisation Scheme, 2015, published in the Gazette of India, Part 1, Section-1, dated 3rd February, 2016 vide notification of the Government of India in the Ministry of Finance, Department of Economic Affairs number 20/6/2015-FT (pt.7), dated the 3rd February, 2016, namely: 1. This Scheme shall be called the Gold Monetisation (Amendment) Scheme, 2016 and this amendment in the name of the Scheme shall come into effect from the date of its publication in the official Gazette. 2. (1) In the Gold Monetisation Scheme, 2015, in paragraph 11, for sub-paragraph (3), the following sub-paragraph shall be substituted, namely: “(3) For Medium and long Term Government Deposits, redemption of principal at maturity shall, at the option of the ...

Dated January 8th, 2016 | Copy of | Notification No. 02/2016-Customs (N.T.) | In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise & Customs No.144/2015-CUSTOMS (N.T.), dated 17th December, 2015, except as respects things done or omitted to be done before such supersession, the Central Board of Excise & Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 8th January, 2016, be the rate mentioned against it in the corresponding entry ...

Dated 2nd, December 2015 | Copy of | Notification No.FEMA. 358/2015-RB | Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2015 G.S.R. 920(E).In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 (Notification No. FEMA. 3/2000-RB dated 3rd May 2000) namely: 1. Short Title & Commencement (i) These Regulations may be called the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2015. (ii) They shall come into force from the date of their publication ...

Dated November 19th, 2015 | Copy of | Notification No.112/2015-Customs (N.T.) | In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of Excise & Customs No.106/2015-CUSTOMS (N.T.), dated 5th November, 2015, except as respects things done or omitted to be done before such supersession, the Central Board of Excise & Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 20th November, 2015, be the rate mentioned against it in the corresponding entry ...