Forex, Remittances, NRE Archive
NRI, PIO, OCI,OCB, FI, FDI and FPI – Definitions
An investment advisor or a inexperienced NRI often faces difficulty while advising and taking investment decisions. NRI, PIO, OCI, OCB, FI, FDI and FPI are certain terms that often create confusion in the minds of investors and
Cross Border Transactions and PPIs
PPI (Prepaid Payment Instrument) is permitted to be used for cross border transactions for permissible current account transactions. A Cross Border Transaction or International Transaction is a transaction relating to international trade between two or more entities
Foreign Contribution (Regulation) Act (FCRA) 2010
Foreign Contribution (Regulation) Act (FCRA) 2010 is an Act of the Indian Parliament that envisages twin objectives. FCRA Act 2010 is a consolidation of the laws regulating the acceptance and utilization of foreign contribution or foreign hospitality
RBI revises all in cost for ECB to 450 basis points
Reserve bank of India has revised the all in cost for External Commercial Borrowing (ECB) to 450 basis point above the bench mark rate. The rationalization and liberalization amendments announced by RBI on April 27, 2018 vide
Facilities under Liberalised Remittance Scheme (LRS) for Resident Individuals
In India, remittances to overseas were always subjected to controls and regulations. These restrictions were in place to ensure that uncontrolled overseas remittances do no drain the forex reserves of the country. However, there have always been