There has been a spate of fictitious offers of cheap funds in recent times from the fraudsters through letters, e-mails, mobile phones, SMS, etc. Almost everybody is getting mails or sms of lottery winnings and for that small transactions fee is charged. The gullible masses , out of sheer greediness , are believing such mails or sms...
Can a foreign national acquire property in India?
April 30, 2010 by
No, in general . The forign companies are allowed to buy the property in India . However , foreign national resident outside are clearly prohibited to acquire any property in India.The Reserve bank of India has stated in its FAQs no 5,6 & 7 as under
Q.5. Can a foreign national of non-Indian origin be
Can a foreign company purchase immovable property in India?
April 30, 2010 by
As per RBI FAQ no 8 of the Acquisition and Transfer of Immovable Property in India by a Person Resident outside India , a foreign company which has established a Branch Office or other place of business in India, in accordance with FERA / FEMA regulations, can acquire any immovable property in India, which is
How RBI rate hike hits the common man
April 21, 2010 by Leave a Comment
Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with the Reserve Bank of India. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the
RBI survey pegs economic growth at 8.2%
April 21, 2010 by Leave a Comment
A Reserve Bank survey has projected the economy to grow by a higher 8.2 per cent in the current fiscal
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