Govt, RBI to sort out payment issues with Venezuela
The Dollar Business Bureau The Indian government and the Reserve Bank of India (RBI) are working together to resolve the payment issue with Venezuela, Commerce Secretary Rita Teaotia said. Indian exporters are facing payment issues from Venezuela. So, the Indian government is in talks with this South American country. To solve the issues of exporters mostly from the pharmaceuticals sector, the two countries are likely to have a deal by adjusting the rupee against payments for oil. According to Teaotia, Venezuela is not the only country that Indian exporters face a problem with, Sudan too has been inconsistent in paying up. This is mainly due to the internal issues that these countries are experiencing. The Indian government is continuously engaged in holding ...
India Investment Summit to focus on infra sectors
The Dollar Business Bureau Aimed at attracting long-term foreign capital in the country, the Finance Ministry in partnership with SBI Caps is organising a two-day India Investment Summit on February 4-5, 2016. The event, which would be attended by a large number of long-term investors including sovereign wealth and pension funds businesses across the globe, will focus on investment opportunities in road transport, highways, ports, urban infrastructure, railways, power and renewable energy sectors and state-level projects. “For the two days, special focus would be on investment opportunities in the sectors of road transport, highways, ports, urban infrastructure, railways, power and renewable energy, besides state-level projects,” a government statement said. Arun Jaitley, Minister of Finance, will be the chief guest and the ...
