The Reserve Bank of India (RBI) has permitted resident individuals to open Foreign Currency Accounts at International Financial Services Centres (IFSCs) in GIFT City, Gujarat, under the Liberalised Remittance Scheme (LRS). Details: Authorised Persons: These are entities authorised by the RBI, such as banks and designated FX dealers, to facilitate …
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TABLE OF CONTENTS News Concept Types of Exchange-Traded Currency Derivatives Currency Options News: The Reserve Bank of India (RBI) Thursday deferred the implementation of norms on exchange-traded currency derivatives (ETCDs) linked to Indian rupee until May 3 following concerns by investors. Concept : Derivatives are financial instruments whose value is …
Read More »Syllabus: Investment models. Why in NEWS The primary focus of India’s G-20 Presidency in 2023 has been to strengthen Multilateral Development Banks (MDBs) in order to address shared global challenges, said Union Minister for Finance and Corporate Affairs Multilateral development banks (MDBs) They are financial institutions that provide loans and …
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Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs