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Kalidas Style: The Axe of FCRA
It is a clear case of borrowing dollars on interest while denying dollars coming free. Independent Ink Editorial The recent jubiliation over India attracting 136 billion USD through The Foreign Currency Non-Resident (Bank) deposit scheme (FCNR-B) seems justified on the face-value. India badly needs inflow of dollars to halt a mounting current account deficit (CAD), as the Indian Rupee has been steadily losing ground to the dollar over the last decade, especially post-COVID. S
13 hours ago4 min read
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