India has attracted nearly $32 billion in foreign capital since the RBI announced special inflow measures on June 5, Governor Sanjay Malhotra said. FCNR(B) deposits have already exceeded the 2013 record, but strong dollar demand linked to costly oil imports…
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Economists predict the Reserve Bank of India will maintain its key interest rate at 5.25% through August. This decision comes as the central bank assesses global war impacts and domestic price pressures. Inflation has risen above the target, but rate…
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Market regulator Securities and Exchange Board of India (SEBI) has clarified that listed debt entities taking over outstanding unlisted non-convertible debentures (NCDs) as part of a corporate restructuring or business transfer cannot avoid mandatory listing requirements merely because no fresh…
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India anticipates substantial Foreign Currency Non-Resident deposits, possibly reaching eighty to eighty-five billion dollars. Public sector banks are leading this significant mobilization effort, exceeding previous records. FCNR(B) deposits have already reached seventeen point forty-one billion dollars by mid-July. Higher interest…
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India now requires crypto exchanges to collect user tax residency details. Digital asset intermediaries must share transaction data annually with tax authorities. This aligns with the OECD’s global Crypto Asset Reporting Framework. The Central Board of Direct Taxes issued a…
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Guidance for Reporting Crypto Asset Service Providers explains obligations under the new income tax framework and operationalises India’s adoption of the OECD’s Crypto Asset Reporting Framework.
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