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RBI Eases FEMA Norms for Cross-Border Transactions to Give Boost to Rupee

The New Indian Express Villupuram

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January 17, 2025

In a bid to give boost to rupee, the Reserve Bank on Thursday further liberalised the FEMA rules to encourage the use of rupee to settle cross-border transactions.

- ENS ECONOMIC BUREAU @Mumbai

The currency has touched an all-time low of 86.70 this Monday and closed 16 paise lower at 86.56 on Thursday.

The revised rules also encourage trade settlement in the respective local currencies as the rupee pain is only against the dollar, as it has been appreciating against all other reserve currencies.

The New Indian Express Villupuram से और कहानियाँ

The New Indian Express Villupuram

The New Indian Express Villupuram

MTNL approves sale of ₹350-cr Mumbai assets

STATE-owned telecom service provider Mahanagar Telephone Nigam Limited (MTNL) on Monday announced the approval of the sale of its residential property located in Bandra Kurla Complex (BKC), Mumbai, as part of its asset monetisation plan.

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1 min

December 16, 2025

The New Indian Express Villupuram

LAD funds of 3 Raj MLAs frozen on graft allegation

THE Rajasthan government on Monday seized Local Area Development (LAD) Fund accounts of three legislators and ordered an inquiry amid allegations that hefty commissions being demanded in exchange for sanctioning works under the scheme.

time to read

1 min

December 16, 2025

The New Indian Express Villupuram

The New Indian Express Villupuram

3 officials told to explain delay in nod to try IAS officers in corpn tender case

FUMING over the \"substantial unexplained delay\" in obtaining sanction from the Centre for prosecuting two IAS officers in a case over alleged irregularities committed in awarding tenders in the Chennai and Coimbatore corporations when SP Velumani was Municipal Administration Minister during the AIADMK government, the Madras High Court on Monday impleaded three top bureaucrats and directed them to file an explanation for the delay.

time to read

1 mins

December 16, 2025

The New Indian Express Villupuram

Mamata can't be univ chancellor, Murmu rejects bill to replace Guv

THE West Bengal government suffered a major setback on Monday after President Droupadi Murmu disapproved the West Bengal University Laws (Amendment) Bill, 2022.

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1 min

December 16, 2025

The New Indian Express Villupuram

THE EVOLVING POLITICS OF CESS

I N moments of national anxiety, language hardens.

time to read

3 mins

December 16, 2025

The New Indian Express Villupuram

Hong Kong jails media tycoon Jimmy Lai in security case

JIMMY Lai, the pro-democracy former Hong Kong media mogul and outspoken critic of Beijing, was convicted in a landmark national security trial in the city's court on Monday, which could send him to prison for the rest of his life.

time to read

1 min

December 16, 2025

The New Indian Express Villupuram

Modi embarks on three-nation tour, lands in Jordan

PRIME Minister Narendra Modi on Monday arrived to a rousing welcome in Amman, the capital of Jordan, the first stop in the three nation trip.

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1 min

December 16, 2025

The New Indian Express Villupuram

The New Indian Express Villupuram

LS clears ₹41,455 crore for additional spending

THE Lok Sabha on Monday cleared the first tranche of Supplementary Demands for Grants, seeking an allocation of ₹41,455 crore of additional spending by the Centre in the current financial year, including expenditure of over ₹18,000 crore for fertilizer subsidy.

time to read

1 min

December 16, 2025

The New Indian Express Villupuram

Lack of road for ambulance leaves pregnant woman, unborn child dead

A pregnant tribal woman, Sukri Kumari, and her unborn child were killed in Jharkhand's Gumla due to a lack of roads in the village.

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1 min

December 16, 2025

The New Indian Express Villupuram

The New Indian Express Villupuram

Mexico tariff may impact $2 billion exports; India initiates talks for PTA

UNION Commerce Secretary Rajesh Agrawal said on Monday that India has already initiated technical discussions with Mexico from December 12 for a preferrential trade agreement (PTA) to address the challenge that could arise due to the tariff by Mexico.

time to read

1 mins

December 16, 2025

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