Dharamshala, Dec 5 () The Reserve Bank has afresh bidding apropos over barter actuality allured by apocryphal offers in forms of lottery, business deals and acclaim cards and warned adjoin falling casualty to any such schemes.
The RBI’s Adopted Exchange Department (FED), Chandigarh organised a Appointment “Forex for You” for Authorised Dealer (AD) Banks, their exporter/importer/FDI audience and full- fledged money changers (FFMCs) at Mcleodganj in Dharamshala (Himachal Pradesh ) on December 5.
Harish Khanna, AGM, FED, Chandigarh, stated, “The RBI has been administering such programmes from time to time at assorted places in adjustment to access the akin of acquaintance amidst the stakeholders on assorted forex matters.
Nirmal Chand, Regional Director, RBI, Chandigarh, emphasised the role of Authorised Dealers in promoting/ facilitating barter transactions.
He added, “This assumes greater acceptation in export/tourist accelerated areas such as Dharamshala and its surroundings. RBI’s eyes is to ability the aftermost mile in agreement of adopting chump acquaintance in account of assorted regulations administering the banking sector.”
He additionally bidding apropos over the ascent incidences of adorable apocryphal offers in the anatomy of lottery, business deals, acclaim cards etc and apprenticed the participants to advance acquaintance amid the accepted accessible not to abatement casualty to all these offers and lose money.
Chief Guest of the Function, Sandeep Mittal, Accepted Manager, FED, Central Office Mumbai, discussed the arising challenges and opportunities for assorted pale holders in the forex market.
He gave a abundant presentation on contempo authoritative pronouncements on adopted trade, merchanting trade, EDPMS/IDPMS, NRO/NRE accounts, remittance facilities, etc.
This was followed by a awful alternate ‘Open House Session’ in which all the dignitaries replied to the queries aloft by the participants on assorted issues.
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