The
Reserve Bank of India (RBI) has permitted foreign
banks operating in India to remit their profit after
tax on a quarterly basis to their head offices,
without its prior approval...Our
Say
A
core group of secretaries will take up a proposal
to amend the FDI rules and grant more freedom to
overseas companies to set up new ventures in the
country... Our
Say
The
US $ 24.22 bln Sagar Mala project is expected to infuse
new life into the neglected sectors of the maritime
industry — the inland waterways, coastal shipping
and shipbuilding and repairs sectors. more
Companies
in special economic zones (SEZs) will be exempt from
contributions to social security contributions such
as Provident Fund (PF) and the Employees State Insurance
Scheme (ESIS) for five years, following the Centre’s
consent for relaxation of labour laws in these zones.
more
