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RBI Permits Banks To Open Current Accounts For Export Proceeds In Addition To Special Rupee Vostro Accounts
India has been trying to promote rupee trade following the Russia-Ukraine war and the sanctions imposed by the West.
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Canara Bank Rolls Out CBDC App Interoperable With UPI, Users Highlight Issues
Canara Bank has launched an app to process eRupee payments between select customers and retailers. The launch of this app this week, makes Canara Bank the first mainstream Indian lender to have created a special platform to initiate CBDC payments as India marches forward with its eRupee trials.
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RBI Appointed Panel Suggests Steps For 'Internationalisation' Of Rupee
A Reserve Bank-appointed committee on Wednesday suggested a host of short-term and long-term measures for internationalisation of Indian rupee, including efforts for inclusion of the Indian currency in IMF's Special Drawing Rights (SDR) basket.
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Foreign Trade Can Be Done In Indian Currency Soon: Minister
Commerce and Industry Minister Piyush Goyal on Saturday expressed hope that traders will soon be able to settle foreign trade in the rupee currency as several banks from different countries are opening special Vostro accounts with Indian banks.
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What Trade Body Chief Said About "Rupee Becoming A Global Currency"
When asked about the trading INR by foreign countries in FTP 2023, he said that the special Vostro accounts have been opened in 18 countries after getting the approval of the RBI and the Central Bank of that country.
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Special Court Imposes Fine On Samajwadi Leader Azam Khan
A Special Court on Thursday imposed a fine of ten thousand rupees on Samajwadi Party (SP) National General Secretary Azam Khan, his MLA son Abdullah and his wife former MP Dr Tazin Fatma.
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Inspired By 'Special 26' Movie, They Robbed Rs 5.7 Lakh In Delhi
Robbers posing as Mumbai Police officers looted lakhs of rupees from a Delhi firm last week. Seven people, including two women, who were arrested in this connection, claimed they were inspired by the Bollywood movie 'Special 26'.
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Charge Sheet Filed Against 57 Accused In UP Memorial Scam During BSP Rule
A charge sheet was filed in a special court in Lucknow against 57 accused in the memorial scam case in which crores of rupees were allegedly siphoned of during 2007-2012 under the BSP rule with the collusion of then ministers and officials.
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Mumbai Court Denies Interim Bail To HDIL Promoter Rakesh Wadhawan In PMC Bank Scam Case
HDIL promoter Rakesh Wadhawan, currently lodged in jail in connection with the multi-crore rupees Punjab & Maharashtra Cooperative (PMC) Bank scam case, was denied interim bail on Friday by a special court in Mumbai.
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After Fiery Debate, Mehbooba Mufti Blocks Gautam Gambhir On Twitter
Former Jammu and Kashmir Chief Minister Mehbooba Mufti blocked cricketer-turned-BJP politician Gautam Gambhir on Twitter today, after the two indulged in a heated argument over the special status bestowed upon Kashmir through Articles 370 and 35A.
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18 Encounters In 48 Hours In UP, Top Cop Says "We Fire In Self-Defence"
The Uttar Pradesh Police have carried out at least 18 encounters in the last 48 hours, arresting 25 people on its wanted-list and killing one criminal with a 25,000 rupee reward on his head in Muzaffarnagar.
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Rs 35 Lakh In New Notes Seized From 2 Jaipur Businessmen
Two businessmen with Rs 35 lakh rupees were caught in Jaipur with new currency notes while they were exchanging old notes.
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Remote Northeast Villages Face Cash Crunch, Poor Banking Networks Adds To Pain
The Centre had claimed special measures have been taken to send new notes to the far flung corners of the Northeast after it banned 500 and 1,000 rupee notes.
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Scrapping Rs 500, Rs 1,000 Notes A Bold Decision: Black Money Investigation Team
The Special Investigation Team (SIT) on black money on Tuesday called Prime Minister Narendra Modi's announcement of demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight a "bold" step, saying this would help in curbing the menace of stash funds.
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Lalu Prasad, Jagannath Mishra Appear In Court In Fodder Scam Case
RJD president Lalu Prasad and former Bihar chief minister Jagannath Mishra today appeared in a special CBI court in Patna following its direction in connection with a multi-crore rupee fodder scam case.
-
RBI Permits Banks To Open Current Accounts For Export Proceeds In Addition To Special Rupee Vostro Accounts
India has been trying to promote rupee trade following the Russia-Ukraine war and the sanctions imposed by the West.
-
Canara Bank Rolls Out CBDC App Interoperable With UPI, Users Highlight Issues
Canara Bank has launched an app to process eRupee payments between select customers and retailers. The launch of this app this week, makes Canara Bank the first mainstream Indian lender to have created a special platform to initiate CBDC payments as India marches forward with its eRupee trials.
-
RBI Appointed Panel Suggests Steps For 'Internationalisation' Of Rupee
A Reserve Bank-appointed committee on Wednesday suggested a host of short-term and long-term measures for internationalisation of Indian rupee, including efforts for inclusion of the Indian currency in IMF's Special Drawing Rights (SDR) basket.
-
Foreign Trade Can Be Done In Indian Currency Soon: Minister
Commerce and Industry Minister Piyush Goyal on Saturday expressed hope that traders will soon be able to settle foreign trade in the rupee currency as several banks from different countries are opening special Vostro accounts with Indian banks.
-
What Trade Body Chief Said About "Rupee Becoming A Global Currency"
When asked about the trading INR by foreign countries in FTP 2023, he said that the special Vostro accounts have been opened in 18 countries after getting the approval of the RBI and the Central Bank of that country.
-
Special Court Imposes Fine On Samajwadi Leader Azam Khan
A Special Court on Thursday imposed a fine of ten thousand rupees on Samajwadi Party (SP) National General Secretary Azam Khan, his MLA son Abdullah and his wife former MP Dr Tazin Fatma.
-
Inspired By 'Special 26' Movie, They Robbed Rs 5.7 Lakh In Delhi
Robbers posing as Mumbai Police officers looted lakhs of rupees from a Delhi firm last week. Seven people, including two women, who were arrested in this connection, claimed they were inspired by the Bollywood movie 'Special 26'.
-
Charge Sheet Filed Against 57 Accused In UP Memorial Scam During BSP Rule
A charge sheet was filed in a special court in Lucknow against 57 accused in the memorial scam case in which crores of rupees were allegedly siphoned of during 2007-2012 under the BSP rule with the collusion of then ministers and officials.
-
Mumbai Court Denies Interim Bail To HDIL Promoter Rakesh Wadhawan In PMC Bank Scam Case
HDIL promoter Rakesh Wadhawan, currently lodged in jail in connection with the multi-crore rupees Punjab & Maharashtra Cooperative (PMC) Bank scam case, was denied interim bail on Friday by a special court in Mumbai.
-
After Fiery Debate, Mehbooba Mufti Blocks Gautam Gambhir On Twitter
Former Jammu and Kashmir Chief Minister Mehbooba Mufti blocked cricketer-turned-BJP politician Gautam Gambhir on Twitter today, after the two indulged in a heated argument over the special status bestowed upon Kashmir through Articles 370 and 35A.
-
18 Encounters In 48 Hours In UP, Top Cop Says "We Fire In Self-Defence"
The Uttar Pradesh Police have carried out at least 18 encounters in the last 48 hours, arresting 25 people on its wanted-list and killing one criminal with a 25,000 rupee reward on his head in Muzaffarnagar.
-
Rs 35 Lakh In New Notes Seized From 2 Jaipur Businessmen
Two businessmen with Rs 35 lakh rupees were caught in Jaipur with new currency notes while they were exchanging old notes.
-
Remote Northeast Villages Face Cash Crunch, Poor Banking Networks Adds To Pain
The Centre had claimed special measures have been taken to send new notes to the far flung corners of the Northeast after it banned 500 and 1,000 rupee notes.
-
Scrapping Rs 500, Rs 1,000 Notes A Bold Decision: Black Money Investigation Team
The Special Investigation Team (SIT) on black money on Tuesday called Prime Minister Narendra Modi's announcement of demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight a "bold" step, saying this would help in curbing the menace of stash funds.
-
Lalu Prasad, Jagannath Mishra Appear In Court In Fodder Scam Case
RJD president Lalu Prasad and former Bihar chief minister Jagannath Mishra today appeared in a special CBI court in Patna following its direction in connection with a multi-crore rupee fodder scam case.
