Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
The Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2024, issued by the RBI, introduces a new provision to Regulation 7 - This new provision allows authorised dealers in India to enable non-resident individuals to open and maintain interest-bearing accounts in Indian Rupees or foreign currency. - It facilitates smoother financial operations for non-residents engaged in derivatives markets in India, potentially enhancing the attractiveness of India's financial markets for international investors.
The Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2024, issued by the RBI, introduces a new provision to Regulation 7 - This new provision allows authorised dealers in India to enable non-resident individuals to open and maintain interest-bearing accounts in Indian Rupees or foreign currency. - It facilitates smoother financial operations for non-residents engaged in derivatives markets in India, potentially enhancing the attractiveness of India's financial markets for international investors.
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