The central government on Wednesday allowed international trade agreements in Indian currency for export promotion schemes under the foreign trade policy. A statement issued by the government said that the Government of India has made suitable amendments to the Handbook of Foreign Trade Policy and Procedures to allow the settlement of international trade in rupees.
In a statement, the Ministry of Commerce and Industry said, “Because of the increasing interest in internationalizing the Indian Rupee, it has been decided to allow settlement of international trade in Rupees. This has been done to facilitate and ease transactions in international trade.
The ministry said the new changes have been made for imports for exports, export performance for recognition as status holders, recovery of export proceeds under Advance Authorization and Duty-Free Import Authorization schemes, and recovery of export proceeds under Export Promotion Capital Goods Scheme. notified for.
Meanwhile, the rupee today edged higher by 45 paise at 81.47 (provisional) against the US dollar amid a fall in crude oil prices, weakness in the dollar, and continued foreign fund inflows. In the interbank foreign exchange market, the local unit opened at Rs 81.43 against the dollar and was seen trading between an intra-day high of Rs 81.23 and a low of Rs 81.62 during the session.
Framework finalized for Sovereign Green Bonds
The Finance Ministry has finalized the framework for the issuance of Sovereign Green Bonds at par with global standards. The government is looking to raise Rs 16,000 crore by issuing green bonds during the second half (October-March) of the current financial year 2022-23. This is a part of the loan program for the second half. Sources said the roadmap is ready and will be cleared soon. The issuance of such bonds was announced in the budget.
In the recent past, many people have lost their lives due to heart attacks. Some of these cases w
Prime Minister Narendra Modi left India on Thursday morning for an official visit to France and U
During the fourth Test match between India and Australia in Melbourne, a controversy erupted when
The launch of NASA's Space-X Crew-6 mission has been postponed. According to reports, the launch
Indian Space Research Organisation (ISRO) Chairman S Somnath has praised Prime Minister Narendra
BPSC Protest: JDU jumped into Prashant Kishor's case, and advised about going on a hunger strike
JDU's chief spokesperson and member of the Legislative Council Neeraj Kumar has targeted the fast
PM Modi Mahakumbh: Today PM Modi will take a dip in the holy confluence, will visit the fair
Prime Minister Narendra Modi will visit the Maha Kumbh Mela in Prayagraj today. After taking a di
If Team India does not play, will the Asia Cup 2025 be cancelled? PCB fears loss of crores
The Asia Cup 2025 to be held in the month of September is in danger. Reports have emerged that th
Bigg Boss 19: This TV actress got an invitation to Salman Khan's show, will she enter season 19?
Everyone is eagerly waiting for the controversial show Bigg Boss 19 on the small screen. Every da
Before the election of the BJP President, an important meeting was held at his residence under th
