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EXPORT PROCEEDS REPATRIATION
RBI withdraws relaxation on export earnings repatriationThe Reserve Bank of India has reversed a previous decision allowing exporters 15 months to repatriate earnings. The new deadline set is 9 m...- BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
- India amends Foreign Trade Policy for easier rupee invoicing and payments for exportersThe government has amended its Foreign Trade Policy to ease rupee invoicing for exporters. Eligible rupee receipts now qualify for export b...
- Bring back export earnings soonerThe Reserve Bank of India has shortened the time for exporters to bring back foreign earnings. This period is now nine months, down from fi...
- RBI extends export credit window to June 30 amid West Asia disruptionsThe Reserve Bank of India has extended export credit deadlines. Exporters can now get pre- and post-shipment finance for up to 450 days on ...
- Exporters in Gift City can retain forex proceeds for 3 months nowThe Reserve Bank of India has amended FEMA regulations, allowing exporters to hold foreign exchange proceeds in Gujarat's Gift City for up ...
- RBI announces measures to facilitate cross-border trade transactionsIndian banks and their overseas branches can now lend in Indian Rupees to residents of Bhutan, Nepal, and Sri Lanka, including their banks,...
- RBI announces measures to help exporters amid high US tariffsThe Reserve Bank of India announced steps to support exporters. This action addresses challenges from US tariffs. The RBI extended the repa...
- Reserve Bank of India rolls out steps to boost Rupee power overseasRBI now allows banks to open rupee accounts at overseas branches for non-residents to facilitate rupee internationalisation. These accounts...
- RBI allows foreigners to open rupee accounts in major moveThe Reserve Bank of India permits overseas branches of banks to open rupee accounts for non-residents, facilitating transactions and invest...
- RBI liberalises FX rules to promote cross-border tradeIndia's central bank has eased foreign exchange regulations to promote the rupee and other currencies in cross-border transactions. Indian ...
- Exporters flag EU withdrawal of GSP and ocean freight taxIndia's goods exports growth has slowed to low single digits in the second quarter of FY23 and a contraction is expected in October and Nov...
- RBI announces more measures to deal with economic fallout of COVID-19In a statement, the RBI said presently value of goods or software exports made by the exporters is required to be realised fully and repatr...
- SIT asks ED, DRI to pull up erring companiesThe SIT has directed ED to take action under Foreign Exchange Management Act (FEMA) with respect to 216 companies for the period before Mar...
- Startup with overseas unit can open foreign currency a/c abroad: RBIRBI said a start-up with an overseas subsidiary is permitted to open foreign currency account abroad to pool the foreign exchange earnings.
- Repatriation time for export earnings reduced to 9 monthsExporters and units in special economic zones will now have to realise and repatriate overseas sales proceed of goods and services in nine ...
- Reserve Bank of India launches tech savvy unit to watch over exportsThe RBI has launched a comprehensive, integrated and computerised export data processing and monitoring system to step up monitoring of exp...
- RBI launches IT-based export data processing and monitoring systemThe Reserve Bank of India has launched an integrated computerised export data processing and monitoring system to step up monitoring.
- Rate hikes have failed to arrest rupee fall: Pratip Chaudhuri, SBI'The Reserve Bank’s recent decision to abolish the export credit denominated in dollar has been rather ill-advised,' says Pratip Chaudhuri,...
- RBI hikes cap for online repatriation of export proceedsWith an aim to arrest rupee slide by boosting forex inflows, RBI today raised the limit for online repatriation of export proceeds by over ...
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