Tag: Current Affairs of 24 September 2017

RBI takes masala bonds out of corporate bond limit for FPIs

  The Reserve Bank of India (RBI) has increased the corporate bond investment limit for foreign investors by taking out rupee-denominated bonds, or Masala bonds, from the ambit of total debt investment limit. Currently, the limit for investment by Foreign Portfolio Investors (FPIs) in corporate bonds is Rs. 244,323 crore. This includes issuance of Rupee

West Bengal Gets $300 Million ADB Loan

  The board of Asian Development Bank (ADB) has approved a loan of USD 300 million to continue a comprehensive series of fiscal reforms in West Bengal to bring about more accessible, affordable, and high quality public services. West Bengal, for the first time in 2012 had received a USD 400 million from ADB with

New duty drawback rates

  The government has came out with modified duty drawback rates for exporters, evoking sharp reaction from the apparel industry which will witness reduction in tax refunds. The new all industry rates of duty drawback, the refund of duties on imported inputs for export items, will come into effect from 1 October. The new refund