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RBI names Task Force
Corporate Reporter
CHENNAI:
The Reserve Bank of India on Friday constituted an internal task force to undertake a review of the regulations relating to current and capital accounts, especially items in one account that have implication for the other account, and iron out inconsistencies in such regulations. To be convened by Salim Gangadharan, CGM in-charge, foreign exchange department, the task force will examine existing repatriation/surrender requirements in the context of current account convertibility and management of capital account. It will identify areas where streamlining and simplification of procedure is possible and remove the operational impediments, especially in respect of the ease with which transactions at the level of authorised entities are conducted, so as to make liberalisation more meaningful.
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