Latest News ...

Rs10 Lakh crore investors’ wealth wiped out in 1 week; buy on dips or sell on rallies?

Wed - 2018-02-07 02:41:12

Emami announces strategic investment in Brillare Science for 26% equity stake through CCPS

Mon - 2018-02-05 04:41:52

Eight Core Industries at 4% in December | Trade Nivesh Investment

Wed - 2018-01-31 05:48:41

What is Long Term Capital Gain and why it important for investors?

Sat - 2018-01-27 11:04:30

RBI: Existing NBFC cannot operate as peer-to-peer lender

Thu - 2018-01-11 09:48:01

Investors getting notices for investing in scheme allowed by Rajan: Report

Mon - 2018-01-01 03:06:09

Bandhan Bank to offer 11.9 crore shares in IPO

Mon - 2018-01-01 02:50:25

Govt procures 5.60 lakh tonnes of Pulses under PSS so far | Trade Nivesh Investment

Thu - 2018-02-08 03:07:37

Bamboo fiber to replace Cotton in cloth production

Mon - 2018-02-05 05:26:30

India to become self-sufficient in Pulses in FY19: Govt |Trade Nivesh

Mon - 2018-01-29 10:40:51

Gujarat urges centre to procure more Groundnut

Sat - 2018-01-27 03:02:08

Fresh buying seen in Cardamom; Support seen at 1123.4

Mon - 2018-01-01 01:36:58

Support seen at 17640 for NCDEX Jeera

Mon - 2018-01-01 01:27:24

Base Metals Record Smashing Gains In 2017

Mon - 2018-01-01 01:20:03

Dollar Continues Its Decline on Last Trading Day of the Year

Fri - 2017-12-29 04:41:45

Dollar edges lower as oil price gain boosts commodity currencies

Wed - 2017-12-27 05:42:00

Market extends gains; Sensex jumps over 500 points

Thu - 2018-02-08 03:15:44

Sensex, Nifty erase gains on global cues, ahead of RBI policy

Wed - 2018-02-07 02:45:09

5 stocks you should avoid buying on Union Budget day Trade Nivesh Investment

Thu - 2018-02-01 11:25:02

Sensex rallies over 300 points; Auto, IT, Metal Index gain | Trade Nivesh

Mon - 2018-01-29 10:33:48

Delta Corp scales all-time high on solid Q3 results

Tue - 2018-01-16 11:33:32

RCom snaps 4-session winning streak on profit booking

Mon - 2018-01-01 12:20:42

Kotak Mahindra Bank hikes marginal cost based loan rates by 5-15bps

Mon - 2018-01-01 12:19:21

Top stocks in focus today: Auto stocks, BoB, SAIL, L&T

Mon - 2018-01-01 11:11:40

Profit booking, low volumes subdue key equity indices

Mon - 2018-01-01 11:07:33

Live News

Sat - 2016-10-15 12:56:11

Investors getting notices for investing in scheme allowed by Rajan: Report

When the then Reserve Bank of India (RBI) governor Raghuram Rajan announced amendments to the Liberalised Remittance Scheme (LRS) in February 2015 and raised the limits of on individual overseas investment, several well-heeled Indian rushed to invest in stocks and properties abroad before the financial year was out.

After Rajan's policy statement, that annual LRS limit (per individual) was revised from USD 125,000 to USD 250,000.

RBI departments typically come out with supportive circulars within a few days, sometimes even on the same day of the monetary policy announcement. But in this case, as the ET report points out, the central bank took an unusually long time in releasing the notification on LRS limit in May.

A few individuals who took advantage of the scheme before March 31, along with at least two large banks that handled cross-border fund transfers, are being investigated by the Enforcement Directorate, as per the report.

The Enforcement Directorate has reportedly told these individuals that they had overstepped investment limit under the liberalised remittance scheme.

LRS was introduced in 2004 to allow Indians buy stocks and properties abroad. The scheme, however, cannot be used to take pure speculative bets on instruments.

If convicted under the Penalty on Foreign Exchange Management Act, the fine could be as high as three times the amount.