“Roads and railways alone account for nearly half of the total outlay. While road investments have surged over the last decade, railway allocations have nearly doubled in the past five years. Going forward, we expect a sustained focus on these sectors, as reducing logistics costs remains a pr...
The central bank has also done away with the sub-limits that restricted remittances towards gifts and donations at US$5,000. For all remittances, a resident individual will have to furnish PAN number and source of funds along with the beneficiary's name, address and account number. ...
Textiles and related exports account for nearly 33% of the total foreign exchange earnings (~12 billion dollars) of India and it is projected that there will be a significant increase in the coming year [1]. Cotton is cultivated in three different zones (northern, central and southe...
Administrative processes like visa applications, registration with local authorities, or even opening a bank account can be cumbersome and time-consuming. Language Barrier: While many programs offered to international students are in English, navigating daily life in Spain can be challenging without a ...
The present central government has unleashed massive financial inclusion reforms, making it easy for people to open a bank account and access credit lines. Yet, shoemakers still prefer to sell the parchi to middleman, and traders still purchase shoes on credit, even when cash-purchases are ...
9 Diaspora Policies, Consular Services and Social Protection for Indian Citizens Abroad 167 are an asset to the country—they are a veritable 'brain bank' from which the country can make withdrawals. The perception of the temporary Gulf migrants has not changed significantly, although ...
1893. Act closing the Indian mints to the coinage of silver on private account. Notifications by Government fixing the rate, at which rupees or notes would be supplied in exchange for the tender of gold, at the equivalent of 1s. 4d. the rupee. ...
Deductions can be claimed against the income earned from interest on a savings account and the maximum limit is up to INR 10,000. This is allowed only on savings account deposits held with an Indian bank or co-operative society or post office and is available starting FY 2012-13. ...
This also extends to pay per account or pay per transaction, an outcome based model, as Sean mentioned. India has become a great market place to experiment many of these models which are difficult in other established markets. How did the pricing in telecom come down? India is the biggest ...
For obtaining the IEC Number, an application in the prescribed form has to be submitted to the office of the jurisdictional Joint Director of Foreign Trade, wherein details of Bank Account Number and Permanent Account Number have to be furnished. Under the Act, the activity of import of ...