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
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 true and sending the seeming small remittance as transaction fee. reserve bank of India has come out with an...
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
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
A Reserve Bank survey has projected the economy to grow by a higher 8.2 per cent in the current fiscal