RBI,JK Bank hold interactive meet on FEMA 1999

GK NEWS NETWORK

Srinagar, Dec 11: In association with J&K Bank, Reserve Bank of India (RBI) today kicked off a two-day interactive meet with bankers on Foreign Exchange Management Act (FEMA)-1999 here at the Bank’s Corporate Headquarters.
 The meeting was chaired by RBI Regional Director (Jammu), K K Saraf in presence of J&K Bank Executive President Parvez Ahmad, RBI Chief General Manger, (FED) Mumbai Rashmi Fauzdar, J&K Bank Presidents Shafat Ahmad,  Nayeemullah,, J&K Bank Vice President P K Tickoo , RBI,DGM FED (Jammu) A K Mattu and RBI DGM FED (Mumbai) P K Kar.
 The meeting was attended by representatives of SBI, PNB and HDFC Bank and other officers of J&K Bank.
 At the outset, DGM FED RBI Mumbai P K Kar gave a detailed presentation of the FEMA 1999, a J&K Bank handout said.
 Afterwards, CGM RBI Rashmi Fauzdar dwelt upon the current investment climate in the country detailing the issues faced and the measures taken by the RBI in improving the overall economic situation especially the foreign investment.
 She talked at length about the various relaxations made by the RBI to facilitate foreign trade of the country besides helping Banks to deal with problems faced in foreign exchange.
 Her address was followed by a healthy question-answer session wherein the bankers raised issues and problems regarding the FEMA 1999 in the light of their daily operations and experiences which were duly responded to on the occasion by the RBI.
 The Bankers made some suggestions which were taken note of by the RBI representatives.
 J&K Bank President Shafat Ahmad concluded the session by presenting the vote of thanks.
 With a view to disseminate the information about various facilities available under FEMA, 1999 provisions to different types of forex users/customers , another interactive meeting is being organized tomorrow especially for exporters and other forex users at J&K Bank CHQ at 10.30. A.M.

Lastupdate on : Tue, 11 Dec 2012 21:30:00 Makkah time
Lastupdate on : Tue, 11 Dec 2012 18:30:00 GMT
Lastupdate on : Wed, 12 Dec 2012 00:00:00 IST




  • del.icio.us
  • StumbleUpon
  • Digg
  • TwitThis
  • Mixx
  • Technorati
  • Facebook
  • NewsVine
  • Reddit
  • Google
  • LinkedIn
  • YahooMyWeb
  • Print News

Enter the Security code exactly as you see it in the image security code is CaSe SeNsItIvE(Cookies must be enabled)
  • MORE FROM BUSINESS

  • Kashmir

Govt directs to come up with details

USE OF GOVT ACCOMMODATION

UMER MAQBOOL

Srinagar, Dec 11: The State Accountability Commission (SAC) Tuesday directed Estates Department to come up with the details of illegal occupants of government accommodations including at least eleven former More



  • Srinagar City

Chaos persists on City roads

After erratic power,poor voltage mars Traffic signals

ANDHERA QAYAM RAHEY!

SYED IMRAN ALI HAMDANI

Srinagar, Dec 11: Traffic mess on the City roads is feared to further as restoration of traffic signals is facing more of power problems. After erratic power supply, poor voltage has added to the energy More




  • Jammu

Portion of Assembly complex collapses; probe ordered

Entire Building Declared Unsafe

AKSHAY AZAD

Jammu, Dec 11: The building of Legislative Assembly in Jammu suffered extensive damage after a wall of it collapsed and cracks developed in entire structure. Officials said that at around 2 AM, one More



  • Baramulla

Traffic jams torment commuters in Baramulla town

AUTHORITIES MUTE SPECTATORS

ALTAF BABA

Baramulla,Dec 11: Failure of the authorities to check frequent traffic jams in Baramulla town here causes immense inconvenience to the commuters.  In absence of any traffic regulation, unending traffic More



  • GK Features

Being Syeda Begum

After losing her four sons to conflict, an old widow in downtown lives in poverty with an adopted child

A MOTHERS TRAGEDY--II

MAJID MAQBOOL

In a narrow lane in downtown Baghi sundar, Maidanpora, Darish Kadal( Safa Kadal), Syeda Begum, 66, is anxiously waiting for her 8-year-old adopted son to come home safe after school. The sight of him everyday More



ADD
Designed Developed and Maintaned By Imobisoft Ltd /Algosol Software Solutions