IFSCA on 9th April, 2024 has issued the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2024. The amendment provides that funds raised through External Commercial Borrowings (ECB) or through American Depository Receipts (ADRs) or Global Depository Receipts (GDRs) or through direct listing of equity shares of companies incorporated in India on International Exchanges, pending their utilization or repatriation to India, be held in foreign currency accounts with a bank outside India.
India Permits Import of Watermelon From Uzbekistan
20 November 2024
This import shall be subject to the additional declarations required to be incorporated into Phytosanitary Certificate that the watermelon is free from Pseudomonas syringae pv.
