TaxTMI 
TaxTMI 
PROPOSED INDO-JAPAN TREATY ON CURRENCY SWAP
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....ROPOSED INDO-JAPAN TREATY ON CURRENCY SWAP <br>News and Press Release<br>Dated:- 4-12-2007<br><BR>Rajya Sabha Negotiations between India and Japan are going on for putting in place a bilateral curren....
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....cy swap arrangement to take care of short term liquidity needs during a balance of payment crisis. The proposed swap arrangement is essentially a bilateral agreement between India and Japan to exchang....
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....e a maximum amount US $ 3 billion for respective domestic currency to meet temporary Balance of Payment (BOP) problems, by either country, for an initial period of 90 days at a specified interest rate....
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.... payable on dollar amounts received and thereafter through renewals, up to a maximum period of 630 days. The proposal of Ministry of Railways namely "Dedicated Multi-modal High Axle Load Freight Cor....
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....ridor with computerized train control system on Delhi-Mumbai and Delhi-Howrah routes" has been posed to Government of Japan seeking Official Development Assistance (ODA). However, the final decision r....
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....egarding the sources of funding for this project, including Japanese assistance is under consideration of Ministry of Railways. This information was given by Shri Pawan Kumar Bansal, Minister of Sta....
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....te for Finance in reply to a question raised by Shri B.J. Panda and Ms. Pramila Bohidar in the Rajya Sabha today.<BR> News - Press release - PIB....