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Pakistan took a decision to allow barter trade with neighboring countries, in the wake of the IMF not coming up to rescue the ailing economy of the country

Amid dwindling foreign exchange reserves, Pakistan opens barter trade with Afghanistan, Iran & Russia

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Pakistan outlines the process for barter trade with Afghanistan, Iran, Russia In another step to release pressures on dwindling foreign exchange reserves, Pakistan has opened...
India's foreign currency assets, the biggest component of the forex reserves, rose by $4.99 billion to $519.48 billion

India’s foreign exchange reserves surge to $588.78 billion

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India's forex reserves rise to 10-month high According to Reserve Bank of India (RBI) data released, India's foreign exchange reserves increased marginally by $4.53 billion...
India’s reserve position with the IMF was up by USD 11 million to USD 5.238 billion in the reporting week

India’s foreign exchange reserves rise to $576 bn in January

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India's foreign reserves rise for the third straight week India's foreign exchange reserves rose to $576.76 billion during the week ending January 27, according to...
Subramanian Swamy writes to the Prime Minister on P Chidambaram's alleged machinations

Subramanian Swamy writes to PM Modi about how Karti Chidambaram may have violated Foreign...

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New Delhi Senior Bharatiya Janata Party leader Subramanian Swamy wrote to the Prime Minister Narendra Modi to draw his attention to Karti Chidambaram's company, Advantage...
SEBI relaxation to allow FPIs in commodity derivatives markets - Boon or Bane?

SEBI permits Foreign Portfolio Investors (FPIs) to participate in the exchange-traded commodity derivatives market

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SEBI opens exchange-traded commodity derivatives market to FPIs India’s capital markets regulator SEBI (Securities Exchange Board of India) on Wednesday decided to allow Foreign Portfolio...
India's total service exports and remittances are in a very sound condition, due to which we are able to eliminate trade deficit

Amid rising tension in Middle East, Indian economy resilient, fundamentals of stock exchanges very...

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India managing itself well in the last one or two years amid the global headwinds, says NSE CEO The fundamentals of stock exchanges are very...
ED informed the special PMLA court that the currency conversion took place between the financial years 2012-13 and 2022-23

Rs.1,000 cr converted into foreign currency by arrested TMC leader in Bengal ration case:...

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Bengal ration case: Probe reveals six foreign exchange dealing entities had direct links with the arrested TMC leader or his family members The Enforcement Directorate...
In the last 48 hours, two major operations have taken place in Poonch

Operation Trinetra-II: Four foreign terrorists neutralized in Poonch

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Operation Trinetra-II continues in Poonch, J&K In a successful joint operation conducted by the alert troops of the Indian Army and the Jammu and Kashmir...
The payment of royalties was nothing more than a means of sending money out of India therefore it is "blatant" violation of FEMA requirements

Xiaomi India CFO, former MD, 3 foreign banks get ED notice over FEMA ‘violation’...

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ED's action on Xiaomi India over FEMA violation The Enforcement Directorate (ED) has said that it has issued a show-cause notice to Xiaomi India, its...
The searches were carried out on May 22-23 at 25 premises in Delhi, Gujarat, Maharashtra, Madhya Pradesh and Andhra Pradesh

ED raids foreign-registered online gaming portals. Rs.4,000 crore funds sent abroad illegally

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ED crackdown on online gaming companies; raids 25 locations for alleged forex violations The Enforcement Directorate (ED) on Wednesday said it detected illegal foreign remittances of...

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