AI represented to the Reserve Bank of India seeking a change in the rule to ban zero per cent interest rate scheme for purchase of consumer goods. As 20-30 per cent of consumer sales happen via such zero percent EMI schemes,
RAI had submitted a representation to the Insecticide Board stating that the overburdening nature of the Insecticide Act poses certain impediments to the retail industry which can be addressed without increasing the risk exposure.
The Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 states that total holding by each FII/SEBI approved sub-account of FII shall not exceed:
Ministry of Finance has constituted a Forum Chaired by Dr. Parthasarathi Shome, Adviser to the Finance Minister for Exchange of views between Industry Groups and Government on Tax Related Issues or Tax Related Disputes.