News : The Reserve Bank Creates Dedicated Helpline
Mumbai, India, Dec 22, 2015 -- The Reserve Bank on Tuesday said it has created a dedicated helpline to assist start-ups undertaking cross-border transactions.
"While seeking guidance, the enterprises should provide complete information to the RBI and mention the specific issues on which they need guidance from the RBI in relation to the Foreign Exchange Management regulations," the central bank said in a statement.
This would enable the personnel attending the helpline to offer timely and effective information, it said.
Start-up enterprises usually undertake a wide range of cross-border transactions including those related to investment, it said.
Cross-border transactions of resident are subject to the regulatory regime provided by the Foreign Exchange Management Act, 1999, it said.
Posted by Veronica Silva Cusi, news correspondent
Today's Tip of the Day - Utilize Time & Money Saving Tools
More Editorial From Reserve Bank of India
About Reserve Bank of India:
The Reserve Bank of India is India's Central Banking Institution, which controls the Monetary Policy of the Indian Rupee.
Published: Wednesday, December 23, 2015
|Horizon Contact Centers|
Horizon is an on demand international Contact Center and (BPO) Company.
|Marketing Call Center|
Marketing Call Center is certified in ISO 9001: 2008 and operates offshore in the field of telemarketing and customer relationship management.
|Blue Ocean Contact Centers|
We thrive on delivering critical customer service solutions that go beyond transactional interactions. As such, our goal is to enhance lifetime customer value, providing support that is a reflection o...
For over 30 years, CGS has enabled global enterprises, regional companies and government agencies to drive breakthrough performance through business applications, enterprise learning and outsourcing s...