Friday, March 29, 2024

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Foreign exchange

ED summons TMC leader Mahua Moitra in FEMA violation case, asks her to appear on 19 February

ED wants to question Moitra in the case under the provisions of Foreign Exchange Management Act (FEMA), 1999.

Ethanol blending saved ₹24,300 crore foreign exchange in 2022-23, 20% blended petrol will be available in the entire country by 2025: Hardeep Singh Puri

Blending of ethanol into petrol has resulted in savings of over Rs 24,300 crore of foreign exchange in the supply year 2022-23, said Union Petroleum Minister Hardeep Puri on Wednesday.

India saved at least USD 7 billion in foreign exchange in 14 months by importing discounted Russian crude oil

Indiam refiners saved over USD 7 billion in foreign exchange by increasing crude oil imports from Russia

Case filed against BBC India by ED under FEMA for violating foreign exchange laws

The case by ED comes after February 2023 Income Tax Department survey in BBC offices in India.

Bangladesh cancels Bollywood actor Nora Fatehi’s performance in Dhaka: Read why

Bangladesh has cancelled Nora Fatehi performance in Dhaka as a part of broader austerity drive to ‘save dollars’.

Far-left and Congress trolls display ignorance while targeting PM Modi, misinterpret data to claim Rupee weakening against Bangladeshi Taka

As the value of 1 Rupee is equal to 1.16 Bangladeshi Taka, trolls assumed Rupee is weak against Taka and targeted PM Modi

India’s foreign exchange reserves see a significant surge, cross half-a-trillion USD mark for the first time

This is for the first time that India’s foreign exchange reserves have crossed the half-a-trillion US Dollar mark

Amnesty International produced predetermined Kashmir reports using foreign money received in violation of FEMA

Amnesty International using illegal foreign contribution to create propaganda reports on Kashmir

Rupee continues to strengthen on expectations that Modi is going to form the government again

The month of March has witnessed the most robust Rupee performance since 2nd January 2019.

On the expectation of PM Modi’s re-election in 2019, Rupee hits two-and-a-half-month high

The surging popularity of Modi could also be seen as three opinion polls envisioned a clear majority of the NDA in the upcoming general elections

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