foreign exchange management act

The Union government on Monday said that contribution by a foreign company cannot be treated as "foreign source" if it fulfils certain conditions. "Provided that where the nominal value…
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India's apex bank, the Reserve Bank of India (RBI), has cautioned the public not to undertake forex transactions on unauthorised electronic trading platforms (ETPs) or remit/deposit…
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Economic uncertainty seems to be hurting Chinese smartphone brand Xiaomi. According to the South China Morning Post, the company has cut 900 jobs. The job cuts come as the company saw a…
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Amid pressure on the central bank to calm the currency and preserve foreign exchange reserves, there is a spurt in notices by the Enforcement Directorate (ED) to many companies,…
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Image Source : FILE PHOTO Representational image. HighlightsKarnataka HC extended stay on ED order of freezing Rs 5,551 crore in bank accounts of Xiaomi India Justice SG Pandit…
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Mahesh Kumar, a 27-year-old software engineer from Bengaluru, was bigtime into fantasy sports till last season of the Indian Premier League. Then, he came to know about offshore…
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