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Tag Archives: Ministry of Finance
India to Revive FDI into Aviation, Multi-Brand Retail
Indian Commerce Minister Anand Sharma has stated that the government decision concerning restrictions to foreign investment into the country’s multi-brand retail sector were “just a pause” and had not been scrapped. Continue reading
India Issues Exchange Rate Circular for Overseas Currencies
Oct. 31 – India’s Ministry of Finance (Department of Revenues) issued a circular stating that the rate of exchange for conversion of each of the foreign currencies listed in the tables below. Both Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect from November 1, 2011 be the rate mentioned against it in the corresponding entry, for the purpose of the said section, relating to imported and exported goods.