Overseas settlement of G-sec deals on anvil: Das

GS Paper 3 Topics covered: Indian economy- issues related to growth and planning   Context: The Reserve Bank of India (RBI) is planning to enable international settlement of transactions in government securities (G-secs) through International Central Securities Depositories (ICSDs) More on the news This proposal would expand the investor base for the G-secs market Once …

Measures Announced By RBI To Stop Rupee Slide (June 25)

Also called ‘Further Liberalisation Measures for Capital Account Transactions’ – RBI has announced following steps to arrest the slide of Rupee: It has been decided to allow Indian companies in manufacturing and infrastructure sector and having foreign exchange earnings to avail of external commercial borrowing (ECB) for repayment of outstanding Rupee loans towards capital expenditure …