by OverviewFX | Aug 28, 2024 | Industry
– Suhani PrakashWhat are Foreign Exchange Reserves? Foreign Exchange Reserves are holdings of foreign currencies managed by The Reserve Bank of India (RBI) that are used for international transactions, including trade and settlement of debts, and supporting the...
by OverviewFX | Aug 28, 2024 | Industry
Finance minister Nirmala Sitharaman Monday met Singapore President Tharman Shanmugaratnam and Prime Minister Lawrence Wong to take forward bilateral strategic partnership.She was joined by external affairs minister S Jaishankar, commerce minister Piyush Goyal and...
by OverviewFX | Aug 28, 2024 | Industry
The Pradhan Mantri Jan Dhan Yojana (PMJDY) on August 28, 2024, completed ten years of its implementation. The scheme launched in 2014, has proven to be the foundation stone in bringing over 80 per cent of Indian women under the ambit of financial inclusion, reported...
by OverviewFX | Aug 27, 2024 | Industry
In a significant ruling, the Maharashtra Authority for Advance Rulings (AAR) has determined that penalties, late fees, penal interest, and fines imposed by the Reserve Bank of India (RBI) are not subject to Goods and Services Tax (GST). The decision, outlined in Order...
by OverviewFX | Aug 27, 2024 | Industry
New Delhi [India], August 27 (ANI): Over the last ten years, the government has escalated its capital spending on infrastructure from Rs 1.97 trillion (1.6 per cent of GDP) in FY2014-15 to Rs 11.1 trillion (3.4 per cent of GDP) in FY2024-25, according to...
by OverviewFX | Aug 27, 2024 | Industry
The average time taken to conclude the corporate insolvency resolution process (CIRP) has increased to 680 days as of March 2024, up from 611 days a year ago, according to official data.Currently, nearly 21,000 cases are pending before the 15 NCLT benches, with...