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Exim Bank transfers Rs. 252 crore balance of profit to Union Government During the financial year 2023-24, Exim Bank recorded substantial growth across crucial business performance metrics, underscoring its dedication to bolstering India's trade, investment, and developmental goals in partnership with other countries. The Bank reported a net profit of ₹2,518 crore in FY 2023-24, marking a 62% increase from the previous year. Over the past five years, the Bank has transferred ₹519.34 crore of net profit to the Government of India. The Bank's paid-up capital is fully subscribed by the Government of India. Exim Bank serves as India's national export credit agency, wholly owned by the Government of India. The Bank is actively involved in financing, facilitating, and promoting India's international trade and investment, with a focus on enhancing the global competitiveness of Indian enterprises. #EximBank #IndiaTrade #Investment #FY2024 #IndianEconomy

Enhancing Ease of Doing Business in India! The Ministry of Finance has introduced significant amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, aligning with Union Budget 2024-25. Key Highlights: Streamlined cross-border share swaps Revised definitions of 'control' and 'startup company' Clarification on overseas investments by Indian entities on a non-repatriable basis These changes aim to: Foster a more investor-friendly environment Simplify cross-border transactions Boost economic growth India is open for business! Share your thoughts on these amendments and their impact on foreign investments. Dheeraj Khanna | Varun Rajda | Sadashiva NT | Sumit Nandy  #RegulatoryUpdate #NDIRules #Rule9A #ForeignInvestment  #InvestorFriendly #EconomicGrowth #ConstellationBlu

Functions and Importance of EXIM Bank in India Explore the pivotal role of EXIM Bank in India's trade landscape! 🌍 As a key financial institution, EXIM Bank fuels growth by supporting the nation's importers and exporters with essential financial services. Discover how it powers India's global trade ambitions and promotes economic expansion. Dive deeper into EXIM Bank's impact: https://lnkd.in/dfJSzmBQ #EXIMBankIndia #TradeFinance #GlobalTrade #EconomicGrowth #MadeInIndia #ImportExport #GFEbusiness #ImportExportBusiness

𝗛𝗶𝘀𝘁𝗼𝗿𝗶𝗰𝗮𝗹𝗹𝘆, 𝗜𝗻𝗱𝗶𝗮 𝗳𝗮𝗰𝗲𝗱 𝗮 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗶𝗻𝗴 𝗯𝗮𝗹𝗮𝗻𝗰𝗲 𝗼𝗳 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝘀𝗶𝘁𝘂𝗮𝘁𝗶𝗼𝗻, 𝘄𝗶𝘁𝗵 𝗶𝗺𝗽𝗼𝗿𝘁𝘀 𝗲𝘅𝗰𝗲𝗲𝗱𝗶𝗻𝗴 𝗲𝘅𝗽𝗼𝗿𝘁𝘀, 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝘁𝗼 𝗮 𝘀𝗰𝗮𝗿𝗰𝗶𝘁𝘆 𝗼𝗳 𝗳𝗼𝗿𝗲𝗶𝗴𝗻 𝗲𝘅𝗰𝗵𝗮𝗻𝗴𝗲. To regulate this, the Foreign Exchange Regulation Act (FERA) was introduced in 1947 and later revamped in 1973. However, the landscape changed with the liberalization of the Indian economy in 1991, which welcomed foreign investment across various sectors. This shift significantly increased the inflow of foreign exchange, boosting India's reserves. In response to these economic changes, FERA was replaced by the Foreign Exchange Management Act (FEMA) in 1999, effective from June 1, 2000. The FEMA aimed to consolidate and amend foreign exchange laws, facilitating external trade and payments, and promoting the orderly development of foreign exchange markets in India. The Reserve Bank of India (RBI) holds the primary responsibility for controlling and overseeing the implementation of FEMA. How do you think the transition from FERA to FEMA has impacted India's position in the global market, particularly in terms of foreign investment and exchange management? Share your views! #FERAvsFEMA #Indianeconomy #foreignexchangemanagement

India is witnessing high foreign remittances and FDI inflows, making it an attractive investment destination, according to Commerce and Industry Minister Piyush Goyal. Read more at: https://ow.ly/Ex5t50SsxUa #Investment | #Remittances | #FDI | #Economy | #India | #TPCI

Net FDI in India reduced during 2023-24 due to repatriation / disinvestments. 43% of ECB loans are used for on-lending / sub-lending and refinancing of earlier ECB loans. India has enough foreign exchange reserves to cover 11 months of imports #casushrutchitale #rbi #annualreport #FDI #externaldebt

On September 12, India's Ministry of Finance's Department of Economic Affairs (DEA) announced the notification of the Foreign Exchange (Compounding Proceedings) Rules, 2024, replacing the 2000 rules. This step aligns with the Union Budget 2024-25 to simplify and enhance ease of investment. Key Points: - New rules streamline the processing of compounding applications under FEMA, 1999. - Introduction of digital payment options for fees and compounding amounts. - Emphasis on simplifying and clarifying provisions for investors and businesses. - The government reaffirms its commitment to enhancing ease of investment and doing business. These amendments are part of India’s ongoing efforts to facilitate foreign investments and improve the business environment. For more updates on foreign exchange and investment regulations, unlock cutting-edge legal intelligence with a free subscription to our platform — join us today. Visit https://lnkd.in/gZmkUPim to know more. #ForeignExchange #EaseOfDoingBusiness #Investment #India #MinistryOfFinance #FEMA #EconomicAffairs #GRI

#Budget2024 focuses on empowering #MSMEs in India with several measures to enhance credit access and boost international trade for small businesses. #InvestIndia #InvestInIndia #ViksitBharatBudget2024_25 #UnionBudget2024 #InvestmentOpportunities #MakeInIndia Ministry of Commerce and Industry, Government of India Department for Promotion of Industry and Internal Trade Nirmala Sitharaman Ministry of Micro, Small and Medium Enterprises, Government of India NITI Aayog Make In India

New Delhi: The government is looking at revising the foreign direct investment (FDI) policy and has held consultations with stakeholders, commerce secretary Sunil Barthwal said Wednesday. Barthwal was responding to queries from media persons on whether India was looking at easing the investment rules for Chinese companies to reduce - - - #NiryatBusiness #Niryat #Global #Import #export #FDIPolicy #IndiaEconomy #InvestmentRules #CommerceMinistry #SunilBarthwal #EconomicGrowth #ForeignInvestment #BusinessInIndia #PolicyUpdate #IndiaChinaRelations

The government plans easier FDI and quick reforms to improve India's performance in the upcoming World Bank's Business Ready Report survey. Read more at : https://ow.ly/EFcH50RMPF4 #FDI | #Reforms | #Government | #India | #Business | #TPCI