Forex reserves: RBI moves to boost forex inflows, slide again

[ad_1] reserve Bank of India ,reserve Bank of India) Wednesday took the first step to attract Dollar Inflows amid unabated outflow of portfolio funds to avoid sinking Rupee Protect forex reserves from their lifetime lows against the US currency and rapidly depleting foreign exchange reserves when global liquidity is abundant. The central bank eased several restrictions on the flow of foreign investment, including conditions governing interest rates. foreign currency deposit by foreign Indians. The limit on External Commercial Borrowings (ECBs) under the automatic route has also been doubled. Further, foreign…

JP Morgan, Deutsche and MUFG enter to give a big boost to GIFT City

[ad_1] Gift City In Gujarat India is set to get its biggest push ever in becoming the hub for global finance as Prime Minister Narendra Modi likely to formally start operations of JPMorgan Chase, Deutsche Bank And Japan’s MUFG At the International Financial Services Center (IFSC) on July 15, three people familiar with the matter said. These institutions are the largest of the global debt and derivatives markets that run into trillions of dollars. Finance Minister Nirmala Sitharaman will also attend the event. But the schedule is subject to change…

JP Morgan, Deutsche and MUFG enter to give a big boost to GIFT City

[ad_1] Gift City In Gujarat India is set to get its biggest push ever in becoming the hub for global finance as Prime Minister Narendra Modi likely to formally start operations of JPMorgan Chase, Deutsche Bank And Japan’s MUFG At the International Financial Services Center (IFSC) on July 15, three people familiar with the matter said. These institutions are the largest of the global debt and derivatives markets that run into trillions of dollars. Finance Minister Nirmala Sitharaman will also attend the event. But the schedule is subject to change…

Lower operating costs, subsidies boost e-bus sales

[ad_1] Lower operating costs and the availability of subsidies by the government have acted as incentives for manufacturers of commercial vehicles to focus more on the production of electric buses. According to a report by ICRA, electric buses accounted for 3.6% of the total bus volume in FY 2012. “There has been a significant increase in the electrification of urban mass transport in the country, mainly through various schemes and incentives by the government such as FAME, GST adaptation, production linked incentive scheme, tax subsidy and power subsidy for Electric…