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Harshal Sevak & Co > News
23 Feb 2022
India’s forex reserves decline by over $1.4 billion

The Reserve Bank of India’s forex reserves decreased to $633.614 billion from $635.080 billion.

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23 Feb 2022
Participants of a currency futures market

A host of benefits are available to a wide range of financial market participants, including hedgers (exporters, importers, corporates and Banks), investors and arbitrageurs on MCX-SX.

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23 Feb 2022
Supreme Court rejects ED’s plea against bail to Deepak Kochhar in money laundering case

N V Ramana took note of the submissions of Solicitor General Tushar Mehta, who was appearing for the probe agency, that the legal issued raised in the plea be "kept open" for adjudication in an appropriate case.

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23 Feb 2022
PMLA matter: SC to hear batch of petitions on January 25

The Supreme Court Monday said it would hear on January 25 the arguments on a batch of petitions which have raised issue concerning interpretation of certain provisions of the Prevention of Money Laundering Act (PMLA).

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22 Feb 2022
RBI to set up new fintech department to push innovation

In an internal circular, the Reserve Bank of India (RBI) said it decided to set up the fintech department to further focus and facilitate innovation in the Indian fintech sector.

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22 Feb 2022
SpaceX sets up subsidiary in India, plans to apply for license

World's richest person Elon Musk-owned SpaceX on Monday incorporated its wholly-owned subsidiary in India to start local broadband operations, a top official of the company said.

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22 Feb 2022
How regulations can evolve to make cross border transactions from India seamless

Money Transfer Service Scheme (MTSS) is a way of transferring personal remittances from abroad to beneficiaries in India. As per RBI, only inward personal remittances into India such as remittances towards family maintenance and remittances favouring foreign tourists visiting India are permissible. No outward remittance from India is allowed.

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21 Feb 2022
RBI ‘Rationalises’ FEMA Norms to Improve Ease of Doing Business

RBI 'Rationalises' FEMA Norms to Improve Ease of Doing Business

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05 Feb 2022
How Budget 2022 should tax cryptocurrencies: View

Bitcoin was the first cryptocurrency to hit the market in 2009. After that, several cryptocurrencies were launched including Bitcoin Cash, Ripple (XRP), Litecoin, etc. As per an estimate, more than 8,000 cryptocurrencies exist as of January 2022.

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