Sunday, November 17, 2024

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Forex

OpIndia Explains

20% TCS on international credit cards: What it is, why it was needed, and how it will impact foreign visits – everything you needed...

Raju Das -
The abolition of rule 7 of the FEMA (CAT) Rules, 2000 means that credit card payments made while travelling abroad will attract 20% TCS
News Reports

‘Pakistan’s credibility is depleting faster than its forex reserves’: EAM S Jaishankar takes a brutal dig at Pak FM Bhutto in Goa

ANI -
EAM S Jaishankar made the comments with regard to Pakistan's historical support to India-focused terrorism.
News Reports

Amidst supply chain disruptions Honda announces plant shutdown in Pakistan

OpIndia Staff -
It is notable that several companies in various sectors have stopped production in a cash-strapped Pakistan as they ran out of raw materials or foreign exchange and in some cases both.
News Reports

Amid a severe economic crisis in Pakistan, thousands left jobless as cross-border trade with Iran shuts down, forex reserve at a critical low

ANI -
Earlier in October, the Iranian authorities closed the border with Pakistan at Taftan after clashes between the protesters and security forces in Zahedan, the capital city of Sistan-Balochistan, reported Dawn.
News Reports

ED summons Punjab CM Captain Amarinder Singh’s son Raninder Singh in FEMA violation case

OpIndia Staff -
Amarinder Singh’s son Raninder Singh summoned by ED in relation to a trust named Jacaranda Trust & subsidiaries in British Virgin Islands
News Reports

India’s foreign exchange reserves see a significant surge, cross half-a-trillion USD mark for the first time

OpIndia Staff -
This is for the first time that India’s foreign exchange reserves have crossed the half-a-trillion US Dollar mark
News Reports

Jyotiraditya Scindia furthers half truth about India’s forex reserves, gets fact-checked

Jhankar Mohta -
Even at a 7 month low, forex reserve was higher by around 30% since the BJP gained power, outflanking the Congress in 2014.
News Reports

Modi government’s National Steel Policy saved the country Rs 5,000 crores forex

OpIndia Staff -
National Steel Policy has also added around 24 million tonnes of crude steel capacity during the last four years.

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