Capital Account Convertibility

Oct 09, 2015 at 10:28 | Source:
Do not forget to change your mailing address with your old salary account. Also check all the charges associated with the salary account which is to be converted into a saving bank account.
Oct 07, 2015 at 13:14 | Source: PTI
The funds have been raised to support working capital requirements and general corporate purposes. Four companies - SREI Equipment Finance, Muthoottu Mini Financiers, NTPC and SREI Infrastructure Finance - have collectively mobilised Rs 1,249 crore through NCDs during the April-September period of 2015-16.
Oct 05, 2015 at 09:56 | Source:
HDFC has alloted 3.65 crore warrants at an issue price of Rs 14 apiece, at an exercise price of Rs 1,475 per share, the housing finance company said in a regulatory filing.
Sep 25, 2015 at 11:22 | Source:
Chitradurga Spintex Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 03, 2015, to consider the allotment of new shares on account of the reduction of capital of the Company as per the Hon'ble High Court of Karnataka Order dated July 30, 2015 and Book Closure / record date as on September 24, 2015.
Sep 13, 2015 at 12:57 | Source: PTI
Making a case for lowering of interest rates, Minister of State for Finance, Jayant Sinha has said RBI should take into account various factors, including low inflation, while deciding on monetary policy stance.
Sep 13, 2015 at 11:39 | Source: PTI
Foreign investors have pulled out nearly Rs 7,000 crore from the capital markets in about two weeks mainly on account of a combination of global and domestic issues.
Sep 12, 2015 at 15:00 | Source:
Overall there was a global consolidation ahead of Federal Reserve's two-day meeting beginning September 17.
Sep 08, 2015 at 21:30 | Source: PTI
The Indian capital and currency markets are witnessing volatility for the past few weeks mainly on account of slowdown in China, devaluation of the yuan and the expected interest rate hike by the US Federal Reserve later this month.
Sep 08, 2015 at 16:45 | Source: PTI
A meeting of the industry and business leaders, bankers and economists called by the Prime Minister to discuss how to convert the global turmoil into an opportunity felt that its impact on India would be far less while India Inc favoured an interest rate cut to bringing down cost of funds.
Sep 07, 2015 at 15:06 | Source: CNBC-TV18
There is a cushion of around Rs 20,000 crore in FY16 Budget, which is expected to help the government tide over the additional expense on account of the Rs 12,000 recap package announced for PSU banks and the additional expense that will come in now OROP
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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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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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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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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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