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RBI Plans Incentives for NRI Deposits to Stabilize Indian Rupee
The Reserve Bank of India (RBI) is expected to introduce incentives for Non-Resident Indian (NRI) deposits in its upcoming April monetary policy review to help stabilize the Indian Rupee. Experts suggest that the RBI may revive the foreign currency non-resident (FCNR B) deposit scheme to attract foreign deposits and address the rupee's volatility. Currently, the UAE accounts for over 40% of FCNR (B) deposits, showing a heavy reliance on the Gulf region. NRI deposit inflows have seen
RBI Plans Incentives for NRI Deposits to Stabilize Indian Rupee
The Reserve Bank of India (RBI) is expected to introduce incentives for Non-Resident Indian (NRI) deposits in its upcoming April monetary policy review to help stabilize the Indian Rupee. Experts suggest that the RBI may revive the foreign currency non-resident (FCNR B) deposit scheme to attract foreign deposits and address the rupee's volatility. Currently, the UAE accounts for over 40% of FCNR (B) deposits, showing a heavy reliance on the Gulf region. NRI deposit inflows have seen
Why Independence Came Late for Some Indians in 1947: The Unique August 18 Celebration
While India celebrates its Independence on August 15, 1947, with great pride, parts of West Bengal, particularly in the Nadia and Malda districts, observe a different date – August 18. This unique observance is a result of a cartographic error that occurred during the partition of British India, which delayed their freedom by three days. Today, these areas mark August 18 as their true day of independence. In 19
Why Independence Came Late for Some Indians in 1947: The Unique August 18 Celebration
While India celebrates its Independence on August 15, 1947, with great pride, parts of West Bengal, particularly in the Nadia and Malda districts, observe a different date – August 18. This unique observance is a result of a cartographic error that occurred during the partition of British India, which delayed their freedom by three days. Today, these areas mark August 18 as their true day of independence. In 19









