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BIS, comm min will work to support high-tech industries

Commerce and industry minister Piyush Goyalsaid that clarifications related to SEZ notification, which were flagged by some players, will also be looked at. He also said that govt is committed to making India a manufacturing base for electronics and semiconductors and offered to roll out the red carpet, including creating social infrastructure for Japanese companies […]
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RBI turns net buyer of dollars in June

The shift narrowed RBI’s cumulative net sales for the fiscal year to -$14.5 billion and reduced its outstanding forward short position to -$103.3 billion. In the currency futures market, purchases and sales were balanced at $2.9 billion each, leaving zero net outstanding futures. The dollar purchases came as resident Indians increased outward remittances under the […]
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