Capital Account Convertibility

Jul 17, 2015 at 09:25 | Source:
Vaibhav Sanghavi, Managing Director at Ambit Investment Advisory, explains: "We expect earnings to grow by 20% in FY17 and 12% this year. So going by sheer earnings growth, even without a massive re-rating in the markets, cumulatively we will grow 32-33% in two years, which takes the index number from 8500 to 11000."
Jul 14, 2015 at 17:59 | Source: PTI
With growing capital markets and business friendly climate, nearly 1.4 lakh investor accounts were opened on an average every month in the last one year.
Jul 13, 2015 at 18:18 | Source:
The new rules will help the account holders to earn high pension in the long term. This also eliminates short term approach of some investors
Jul 13, 2015 at 14:36 | Source:
Neelkanth Rockminerals at its meeting held on July 10, 2015, has considered and approved to issue to the extent of 27,00,000 Convertible Warrants of Rs 10 each to Promoters and Promoter Group on Preferential Allotment basis pursuant to Section 62 of the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009.
Jul 13, 2015 at 12:57 | Source:
Capital Trust at its meeting held on July 13, 2015, took note of resignation of M/s. VSH & Associates, Chartered Accountants as Statutory Auditors and appointed M/s. SGR & Associates, Chartered Accountants, in their place to fill the casual vacancy for the year 2015-16 till conclusion of the next Annual General Meeting.
Jul 13, 2015 at 09:53 | Source: PTI
The minister said the Centre wants to convert the country into a Digital India where a poor person can use smartphones and avail all modern facilities.
Jun 21, 2015 at 14:05 | Source: PTI
With both and retail institutional demand struggling to grow, the fiscal is likely to be a "tough year" for the north Indian cement market, which accounted for 31 percent of the country's consumption in 2014-15, a report said.
Jun 12, 2015 at 20:33 | Source: PTI
The decision was taken in consultation with Reserve Bank of India after taking into account feedback from market participants and exchanges. "It has been decided to permit stock exchanges to introduce cash settled IRFs on 6 year and 13 year government of India security," Securities and Exchange Board of India (Sebi) said in a circular.
Jun 09, 2015 at 22:00 | Source: Reuters
Prime Minister Narendra Modi's cabinet will soon consider the deal which would also require raising the authorised capital of the subsidiary ONGC Videsh (OVL) by half to 150 billion rupees, said three sources aware of the matter.
Jun 02, 2015 at 15:13 | Source:
Skypak Service Specialists has re-considered the reduction of capital of the Company on the recommendation of the Audit Committee under the availability of the Audited Accounts as on March 31, 2015.
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Indian indices  

committee on capital account convertibility had to say in 1997 about the pre-conditions that must be met before abolishing capital controls : a gross fiscal deficit of 3.5 percent (by 1999-00), and an inflation rate of 3-5 percent for an average of at least three years, among other things. These targets

5.15 PM Sep 5th 2013


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Tax Planning & Help  

Dear navin, RBI has voluminous regulations covering this subject matter (Capital Account Convertibility), and the best person to handle this is a practising Chartered Account, pls be guided by this professional`s advice alone. Regards

6.47 PM Dec 17th 2012

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News Now  

Source:Bloomberg - China will make Qianhai, part of the Shenzhen economic zone, a test ground for freer yuan usage and capital account convertibility, the National Development and Reform Commission said today.

2.06 PM Jun 29th 2012

avin 57

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failed to appreciate that even for transactions outside the securities market, partial capital account convertibility complicates foreign exchange risks. Anti-money laundering initiatives such as KYC and the Basel Committee demands have required Banks to gear up their risk assessment. The above "no

10.15 AM Jun 23rd 2012

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Bank of India  

Source:The Hindu BusinessLine - New Delhi, April 15: The Reserve Bank of India Governor, Dr D. Subbarao, has said that India will “gradually” move towards capital account convertibility only after preconditions like fiscal consolidation are met.“There is no evidence (the world over) that capital

1.02 PM Apr 16th 2012

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