Reserve Bank of India

Duplicate Cosmetics from China in North-East India

Duplicate Cosmetics from China in North-East India

By- Amir Zahedi | Date- September 05, 2012 Advertisements Sanjeevani Management Institute a company designed to train management students the art of communication and soft skills relating to customer care was allegedly running it as a company to sell cosmetic related products to customers in the rural area in the name of beautification of skin […]

Paypal transaction limit increased- hopes and concerns of Indian SMEs

Paypal transaction limit increased- hopes and concerns of Indian SMEs

Online payment giant PayPal has been notified by the Reserve Bank of India (RBI) that effective immediately all PayPal merchants in India can receive export-related payments for goods and services into their PayPal account up to USD 3000 per transaction. This has been raised from USD 500 per transaction limit current imposed. This is claimed […]

Inflation mocks RBI once again – Accelerates to 9.44%

Inflation mocks RBI once again – Accelerates to 9.44%

By- Correspondent | Date- July 15, 2011 The issue of inflation continues to haunt Indian economy more and more. In spite of tall claims by the Government, the inflation based on Wholesale Price Index (WPI) for the month of June, 2011 accelerated to 9.44%. It increased from 9.06% observed in the previous month. Government data […]

RBI mid quarterly review needs to change policy to control inflation

RBI mid quarterly review needs to change policy to control inflation

By-Correspondent | Date– June 15, 2011 | Place– New Delhi Mocking the repeated assurances of the Finance Minister of the country to control inflation, India has seen its headline inflation in May rise to 9.06 per cent. This high rise is driven by an increase in prices of manufactured goods such as edible oil, textiles, […]

Paypal vs RBI troubles freelancers again, Moneybookers gain advantage

Paypal vs RBI troubles freelancers again, Moneybookers gain advantage

After the nationwide dissatisfaction of freelancers with online payment giant Paypal and the Reserve Bank of India for the new rules put in place early this year, Paypal now has now added another policy, trying to comply with Reserve bank of India, annoying Indian freelancers and small scale IT service providers once again. In addition […]

RBI vs PayPal – RBI sets to kill freelancers

RBI vs PayPal – RBI sets to kill freelancers

RBI’s recent directives which limited the transactions of through Online Money transfer entity PayPal was aimed at tightening the hold on freelancers’ and regulating them for taxes. All sorts of freelancers and small-scale service providers,- small data entry firms, medical transcription providers, copywriters, web designing firms, report writers, freelance software developers, graphic designers, animators and […]

PayPal’s new rules based on RBI Guidelines – Blow on Indian Freelancers

PayPal’s new rules based on RBI Guidelines – Blow on Indian Freelancers

In a country where Governments give a blind eye to crores and crores of money fraudulently transferred to foreign accounts, where corruption and scam by top capitalists and ministry officials come second nature, there has come a new set of rules and regulations to create only inconveniences to small Indian SMBs and independent freelancers. For […]