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: Bhutan, Currency, India, Indian rupee, Nepal, Non-resident Indian and person of Indian origin, Reserve Bank of India, September 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: Bhutan, Categories of New Testament manuscripts, Federal Emergency Management Agency, Foreign Exchange Management Act, Government of India, India, Nepal, Reserve Bank of India
RBI announces Scholarship Scheme for Central Bankers/Finance Ministry Officials of SAARC Countries
Governor Dr. D. Subbarao, today announced the Reserve Bank of India scholarship scheme for higher studies in Economics for officials of central banks/ministries of finance of South Asian Association for Regional Cooperation (SAARC) member countries. He announced the scholarship scheme in the 26th SAARCFINANCE Group Meeting being held today in Islamabad. Members of SAARC are: Afghanistan,… Read More
Tags: Bangladesh, India, Maldives, Nepal, Reserve Bank of India, SAARC, South Asian Association for Regional Cooperation, Sri Lanka
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