Bhargavi Zaveri and Radhika Pandey explain how complexities of foreign exchange rules are used by India Inc to dispute contractual obligations. Foreign Exchange Management Act, 1999 or FEMA, the current law governing all foreign exchange transactions with Indian residents, creates artificial distortions between identical economic transactions and allows excessive discretion resulting in ad hoc administration. Two ongoing litigations involving foreign investors underscore this need. Rediff.com, 2 months ago
* PREVIOUS TRADING SESSION MOVES: * SSEC +0.9 pct, CSI300 +0.5 pct, HSI +2.1 pct * HK->Shanghai Connect daily quota used 10 pct, Shanghai->HK daily quota used 12 pct * HK->Shenzhen Connect daily quota used 4.8 pct, Shenzhen->HK daily quota used 11.1 pct * CNY ...Sify, 1 week ago
Opposition on Monday picked holes in various government decisions like demonetisation and surgical strikes as well as allocation of funds for MNREGA, agriculture sector and Scheduled Castes, saying it has failed on all fronts despite which it is trying to "fool" the people. Participating in a debate on Motion of Thanks to the President's Address in the Lok Sabha, Leader of Congress Mallikarjun Kharge repeatedly targeted Prime Minister Narendra Modi who was present and said he should ...Rediff.com, 1 month ago
Posted by Equitymaster Global markets ended the week on a dull note with most of the markets ending flat or in the negative territory. Brazil's and China's indices were the only ones which ended the week on a positive note, with gains of 0.5% and 0.3% ...Equitymaster.com, 2 months ago Global Markets Ended on a Positive Note Equitymaster.com, 2 months ago
Lucknow, the city of Nawabs, has been the centre of a hot power struggle this winter. In fact, the ongoing feud in Mulayam Singh Yadavs family is reminiscent of political upheavals in the 18th century era of the Nawabs, and even before that, the intrigues of ...catchnews.com, 2 months ago
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