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Wednesday February 22, 2012

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Black Money: Government to accept tip-offs from foreign whistleblowers

By Staff Reporter

October 17, 2011

MUMBAI:

Amid mounting pressure from the Supreme Court, the government is set to accept tip-offs from foreign informers and whistleblowers for fishing out information on tax evaders who have parked money in Swiss banks and tax havens. "We have clear guidelines to pay informants and the same can be extended to cover foreign informers,"...........more

RBI hikes Paypal payments ceiling

By Agencies

October 17, 2011

MUMBAI

Mumbai-Users of online payments gateway PayPal in the country can now receive up to USD 3,000 per export-related transaction in their accounts, with the RBI raising this limit from USD 500 per transaction earlier. The increase in the limit is with immediate effect, but merchants using Paypal accounts to receive funds would need to add their PAN...........more

India-US World Affairs Institute Selected by U.S. Department of Commerce to Lead Certified Trade Mission to India

By INN

October 12, 2011

WASHINGTON:

The India-US World Affairs Institute will lead a Certified Trade Mission to India in collaboration with the U.S. Department of Commerce later this year. Scheduled for November 26 – December 3, 2011, the Mission will visit Hyderabad, Mumbai, and New Delhi. It will offer U.S. companies in several high technology sectors the...........more

Foreign exchange transactions made easier for NRIs

FROM NEWS DISPATCHES

October 11, 2011

MUMBAI:

The Reserve Bank of India (RBI) relaxed some foreign exchange facilities recently for individuals - NRIs and persons of Indian origin (PIO). The RBI has further liberalised foreign exchange facilities for individuals under the Foreign Exchange Management Act (FEMA). The move is expected to ease the procedures and offer more freedom to both...........more

BlackBerry services had been restored

IWUSA Bureau

October 11, 2011

New York

The maker of the BlackBerry smartphone said that all services had been restored to users in Europe, the Middle East and Africa after widespread service outages. Many users had reported not being able to receive or send email, use instant messaging or browse the Internet, though the problems did not appear to be the same for each user, or...........more

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