RBI Clarification on carrying of INR 10,000 by Non-residents and Residents

In terms of instructions issued vide A.P. (Dir Series) circular No.45 dated September 16, 2013, the Reserve Bank of India had facilitated encashment of rupees into convertible currencies even beyond Immigration/Customs desk.  This instruction has been misreported in certain sections of the media as a new restriction imposed by the Reserve Bank.  The Reserve Bank issues… Read More

Tags: BhutanCurrencyIndiaIndian rupeeNepalNon-resident Indian and person of Indian originReserve Bank of IndiaSeptember 16 2013

RBI Clarification on Export and Import of Currency

RBI/2013-14/233 A.P. (DIR Series) Circular No. 39 September 6, 2013 To All Category - I Authorised Dealer Banks Madam/ Sir, Export and Import of Currency Attention of Authorised Persons is invited to Regulation (2) of Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2009, notified vide Notification No. FEMA 195/RB-2009 dated July 7, 2009,… Read More

Tags: BhutanCategories of New Testament manuscriptsFederal Emergency Management AgencyForeign Exchange Management ActGovernment of IndiaIndiaNepalReserve Bank of India

Integrated Energy Policy for Energy Security in the Country

As per the 12th Plan document prepared by the Planning Commission, an investment of Rs.15,01,666 Crore (at current prices) has been projected for Electricity Sector during the 12th Plan, out of which investment in Central, State and Private Sectors has been estimated at Rs. 4,40,796 Crores, Rs.3,47,043 Crores and Rs.7,13,827 Crores respectively . According to… Read More

Tags: BhutanCEACentral Electricity Authority of IndiaEnergy securityGeological Survey of IndiaHydro Electric SchemeHydroelectricityPlanning Commission

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