New Delhi [India], July 27 (ANI): India may now receive Foreign Currency Non-Resident (Bank) deposits in the range of USD 65-70 billion by the end of the scheme and overall USD 80-USD 85 billion, according to an SBI Research report. The total amount mobilized so far in 45 days has crossed the total»»»

Reserve Bank Governor Sanjay Malhotra noted West Asia crisis and weak monsoon pose growth risks. India's economy grew over seven percent recently, supported by strong fundamentals. The central bank projects 6.6 percent GDP growth for the current financial year. Inflation forecasts are raised to 5.1»»»

NEW DELHI: ED Thursday reiterated that Fema is primarily a civil legislation that through Section 15 provides for compounding of contraventions to facilitate voluntary compliance, reduce litigation and ensure expeditious disposal of cases, except those involving serious crimes like money laundering»»»

New Delhi: India's foreign exchange reserves declined by 5.65 billion U.S. dollars to 666.93 billion dollars during the week ended June 26, showed the latest weekly bulletin released by the country's central bank, the Reserve Bank of India (RBI), on Friday. Three weeks ago, the forex reserves had f»»»