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Silver imports now require prior authorisation as India tightens import rulesIndia's recent crackdown on silver imports marks a bold economic strategy. Now, traders must secure prior authorization for all grain and p...- Indian banking system robust despite West Asia crisis, falling forex reserves: ExpertsAmid the turbulent times following the West Asia escalations, financial leaders expressed strong confidence in the resilience of the Indian...
- Mayday: Rupee breaches 96 wall, pulls back after RBI interventionThe Indian rupee faces historic challenges, having plummeted to unprecedented levels against the US dollar. The surge in crude oil prices i...
- As rupee dips, I-T steps up vigil on shady outflowsIn multiple cases, individuals have used dozens of fake permanent account numbers (PANs) with the same name but different addresses and dat...
- Outward remittances: NBFCs don't need prior RBI nod for dealer tie-upsThe framework shifts regulatory focus away from ex-ante approvals toward compliance, transparency and consumer protection obligations at re...
- Indian April gold imports fall to near 30-year low as tax demand hits shipmentsIndia’s gold imports in April are set to fall to around 15 metric tons, a near 30-year low, as banks halted shipments following a 3% IGST d...
- Govt allows SBI, HDFC, Axis Bank & 12 others to import gold, silver until March 2029The central government has permitted 15 top banks, including the State Bank of India, HDFC Bank, Bank of India and others to import gol...
- Indian banks halt gold, silver imports amid delay in government clearance, sources sayIndian banks have halted gold and silver import orders as a fresh government authorisation under DGFT is still pending, leaving tonnes of b...
- Iran’s sanctions-busting crypto ambitions grow on toll paymentsIran proposes digital currency for Strait of Hormuz passage tolls. This move highlights a significant sanctions-evasion network. While legi...
- Measures to address the war's fallout lie outside MPC's remit - GoI and RBI must step upThe Reserve Bank of India's Monetary Policy Committee meets amid a West Asian war. This conflict disrupts supply chains and raises crude oi...
- Why is silver price crashing by 7.1% and gold price by 3.6%, and will gold continue to drop below $4,400 and silver slip beyond $65? Precious metals fall, analysts insights, market outlook and what should investors do nowWhy is silver price crashing by 7.1% and gold price by 3.6%, and will gold continue to drop below $4,400 and silver slip beyond $65? Precio...
- RBI bars banks from offering rupee non-deliverable derivatives to residents, non-residentsThe Reserve Bank of India on Wednesday directed authorised dealers to stop offering non-deliverable derivative contracts involving the I...
- Nirav Modi's plea to reopen extradition case rejected by UK courtNirav Modi's bid to halt his extradition to India has been denied. The London High Court ruled against reopening his case. This decision ma...
- Hidden charges on foreign exchange transactions will soon be known in advance; RBI issues draft proposalThe Reserve Bank of India has proposed new regulations mandating banks to disclose all foreign exchange transaction costs upfront. This aim...
- RBI proposes rationalising regulations on export, import transactionsAs per the draft, every exporter should furnish to the specified authority a declaration specifying the amount representing the full export...
- SBI changes gears, links car dealer commissions to their performanceState Bank of India (SBI), the country's largest lender, is set to link the commission it pays to car dealers for sourcing loans to sales, ...
- RBI allows AU Small Finance Bank, Equitas Bank to deal with foreign exchangeAU Small Finance Bank on Wednesday said it has received permission from Reserve Bank of India to deal in foreign exchange. Reserve Bank of ...
- ED freezes shell companies accounts involved in laundering through gold salesThe modus operandi of the transactions is suspected to be as follows. The dealers received huge amounts of cash in scrapped notes from enti...
- RBI doubles limit on investments in corporate bonds by primary dealersRBI has doubled the limit on investments in corporate bonds by primary dealers or bond houses, with an aim to deepen the corporate bond mar...
- ET in the Classroom: ACUET IN THE CLASSROOM: Asian Clearing Union (ACU)
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