Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified
Exchange Rate of Foreign Currency Relating to Imported and Export Goods
Notified
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52
of 1962), and in super session of the notification of the Central Board of
Excise & Customs No.101/2015-CUSTOMS (N.T.), dated 15th October,
2015, except as respects things done or omitted to be done before such
supersession, the Central Board of Excise & Customs hereby determines that
the rate of exchange of conversion of each of the foreign currencies specified
in column (2) of each of Schedule I and Schedule IIannexed
hereto, into Indian currency or vice versa, shall, with effect
from 6th November, 2015, be the rate mentioned against it in
the corresponding entry in column (3) thereof, for the purpose of the said
section, relating to imported and export goods.
SCHEDULE-I
|
Sl.No.
|
Foreign Currency
|
Rate of exchange of one unit of foreign currency
equivalent to Indian rupees
|
||
|
(1)
|
(2)
|
(3)
|
||
|
|
|
(a)
|
(b)
|
|
|
|
|
(For Imported Goods)
|
(For Export Goods)
|
|
|
1.
|
Australian Dollar
|
47.65
|
46.25
|
|
|
2.
|
Bahrain Dinar
|
179.40
|
169.00
|
|
|
3.
|
Canadian Dollar
|
50. 50
|
49.35
|
|
|
4.
|
Danish Kroner
|
9.70
|
9.45
|
|
|
5.
|
EURO
|
72.30
|
70.50
|
|
|
6.
|
Hong Kong Dollar
|
8.55
|
8.40
|
|
|
7.
|
Kuwait Dinar
|
223.05
|
210.70
|
|
|
8.
|
New Zealand Dollar
|
43.85
|
42.65
|
|
|
9.
|
Norwegian Kroner
|
7.70
|
7.50
|
|
|
10.
|
Pound Sterling
|
102.10
|
99.85
|
|
|
11.
|
Singapore Dollar
|
47.25
|
46.30
|
|
|
12.
|
South African Rand
|
4.85
|
4.60
|
|
|
13.
|
Saudi Arabian Riyal
|
18.00
|
17.05
|
|
|
14.
|
Swedish Kroner
|
7.70
|
7.50
|
|
|
15.
|
Swiss Franc
|
67.00
|
65.30
|
|
|
16.
|
UAE Dirham
|
18.40
|
17.40
|
|
|
17.
|
US Dollar
|
66.20
|
65.15
|
|
SCHEDULE-II
|
Sl.No.
|
Foreign Currency
|
Rate of exchange of 100 units of foreign currency
equivalent to Indian rupees
|
|
|
(1)
|
(2)
|
(3)
|
|
|
|
|
(a)
|
(b)
|
|
|
|
(For Imported Goods)
|
(For Export Goods)
|
|
1.
|
Japanese Yen
|
54.65
|
53.45
|
|
2.
|
Kenya Shilling
|
66.25
|
62.55
|
*************
Prime Minister to Inaugurate Delhi Economics Conclave 2015 Tomorrow; Union
Ministers, State Chief Ministers and Governor, RBI will be Among the Key
Participants
The Prime Minister, Shri Narendra Modi will
inaugurate the Delhi Economics Conclave (DEC) 2015 here tomorrow. The theme of
the DEC this year is “Realizing India’s JAM (Jan-Dhan Aadhar Mobile) Vision”.
The Session will have Inaugural Address by the Prime Minister followed by
Opening Remarks from the Union Finance Minister, Shri ArunJaitely.Other dignitaries
to be participate in the Inaugural Session include Minister of State for
Finance, Shri Jayant Sinha and Dr. Arivnd Subramanian, Chief Economic
Adviser(CEA) among others.
In the opening Plenary Session on ‘International and Indian Experience and Future’, Dr. Arvind Panagriya, Vice Chairman, Niti Ayog will be in the chair. Prof. Brian Forde, Massachusetts Institute of Technology and Mr. Luis Henrique Paiva from Brazil would be among the key Speakers. Shri Pradeep Kumar Sinha, Cabinet Secretary will speak on ‘Indian Experience’.
In the second Plenary Session, on ‘The benefits and risks of biometric authentication-evidence from social programs in India’ Shri Yaduvendra Mathur, Chairman, EXIM Bank will be in the Chair. Prof. Karthik Muralidharan, Professor of Economics, University of California-San Diego will be the Speaker.
The Third Session in the afternoon on ‘Beneficiaries’ experiences with technology-based targeting’ will be chaired by Shri J.S. Deepak, Secretary, Department of Electronics and Communication Technology, Government of India. Mr. Paul Niehaus, Associate Professor of Economics, University of San Diego and Founder, Give Directly will be the Speaker. Mr. A Babu, District Collector, Krishna District, Andhra Pradesh, Dr. A. Santhosh Mathew, Joint Secretary(Skills &IT), Ministry of Rural Development and Renana Jhabvala, SEWA Bharat President will be among the Discussants.
In the fourth Plenary Session on ‘Financial Inclusion and DBT-the uncovered territory’, Shri Jayant Sinha, Minister of State for Finance will be in Chair while Dr. Raghuram G. Rajan, Governor, Reserve Bank of India will be the Speaker. Shri Pawan Bakshi, Financial Services for the Poor Program, Bill & Melinda Gates Foundation, Mr. Vijay Shekhar Sharma, Founder, Paytm and Mr. Rajesh Aggarwal, Mission Director, PMJDY will be the Discussants.
In the fifth Plenary Session on the theme ‘Political economy and States’ perspectives and preparedness’, Mr. Dharmendra Pradhan, Minister of State (IC) for Ministry of Petroleum and Natural Gas will be in Chair. Mr. Chandrababu Naidu, Chief Minister of Andhra Pradesh will be the Speaker while Discussants will include Shri Ram Sewak Sharma, Chairman, TRAI, Vrinda Sarup, Secretary, Department of & Public Distribution and Sandip Sukhtankar, Assistant Professor, Dartmouth College, U.S.
The first post- tea Plenary Session will have Conversation on ‘JAM+Vision for Future’. The participants will be Dr. Arvind Subrmanian, Chief Economic Adviser and Mr. Nandan Nilekani, former Chairman, UIDAI.
The Closing Session will have Panel Discussion on the theme of ‘JAM Vision – Challenges and Way Forward’ and will be moderated by the Union Finance Minister, Shri Arun Jaitley. The Panelists include Shri Chandrababu Naidu, Chief Minister of Andhra Pradesh, Shri Raman Singh, Chief Minister of Chhattisgarh, Shri Oomen Chandy, Chief Minister of Kerala, Shri Dharmendra Pradhan, Minister of State (IC), MoPNG and Shri Jayant Sinha, Minister of State for Finance. The Union Finance Minister Shri Arun Jaitley, will wrap-up the discussions. With this, the one-day Conclave will come to an end.
In the opening Plenary Session on ‘International and Indian Experience and Future’, Dr. Arvind Panagriya, Vice Chairman, Niti Ayog will be in the chair. Prof. Brian Forde, Massachusetts Institute of Technology and Mr. Luis Henrique Paiva from Brazil would be among the key Speakers. Shri Pradeep Kumar Sinha, Cabinet Secretary will speak on ‘Indian Experience’.
In the second Plenary Session, on ‘The benefits and risks of biometric authentication-evidence from social programs in India’ Shri Yaduvendra Mathur, Chairman, EXIM Bank will be in the Chair. Prof. Karthik Muralidharan, Professor of Economics, University of California-San Diego will be the Speaker.
The Third Session in the afternoon on ‘Beneficiaries’ experiences with technology-based targeting’ will be chaired by Shri J.S. Deepak, Secretary, Department of Electronics and Communication Technology, Government of India. Mr. Paul Niehaus, Associate Professor of Economics, University of San Diego and Founder, Give Directly will be the Speaker. Mr. A Babu, District Collector, Krishna District, Andhra Pradesh, Dr. A. Santhosh Mathew, Joint Secretary(Skills &IT), Ministry of Rural Development and Renana Jhabvala, SEWA Bharat President will be among the Discussants.
In the fourth Plenary Session on ‘Financial Inclusion and DBT-the uncovered territory’, Shri Jayant Sinha, Minister of State for Finance will be in Chair while Dr. Raghuram G. Rajan, Governor, Reserve Bank of India will be the Speaker. Shri Pawan Bakshi, Financial Services for the Poor Program, Bill & Melinda Gates Foundation, Mr. Vijay Shekhar Sharma, Founder, Paytm and Mr. Rajesh Aggarwal, Mission Director, PMJDY will be the Discussants.
In the fifth Plenary Session on the theme ‘Political economy and States’ perspectives and preparedness’, Mr. Dharmendra Pradhan, Minister of State (IC) for Ministry of Petroleum and Natural Gas will be in Chair. Mr. Chandrababu Naidu, Chief Minister of Andhra Pradesh will be the Speaker while Discussants will include Shri Ram Sewak Sharma, Chairman, TRAI, Vrinda Sarup, Secretary, Department of & Public Distribution and Sandip Sukhtankar, Assistant Professor, Dartmouth College, U.S.
The first post- tea Plenary Session will have Conversation on ‘JAM+Vision for Future’. The participants will be Dr. Arvind Subrmanian, Chief Economic Adviser and Mr. Nandan Nilekani, former Chairman, UIDAI.
The Closing Session will have Panel Discussion on the theme of ‘JAM Vision – Challenges and Way Forward’ and will be moderated by the Union Finance Minister, Shri Arun Jaitley. The Panelists include Shri Chandrababu Naidu, Chief Minister of Andhra Pradesh, Shri Raman Singh, Chief Minister of Chhattisgarh, Shri Oomen Chandy, Chief Minister of Kerala, Shri Dharmendra Pradhan, Minister of State (IC), MoPNG and Shri Jayant Sinha, Minister of State for Finance. The Union Finance Minister Shri Arun Jaitley, will wrap-up the discussions. With this, the one-day Conclave will come to an end.
*****************
13th Meeting of the Financial Stability and Development Council (FSDC) held
under the Chairmanship of the Union Finance Minister Shri Arun Jaitley
The Thirteenth Meeting of the Financial Stability
and Development Council (FSDC) was held here today under the Chairmanship of
the Union Minister of Finance, Shri Arun Jaitley. The meeting was attended
among others by Shri Jayant Sinha, Minister of State, Dr. Raghuram G. Rajan,
Governor, RBI; Shri Ratan P. Watal, Finance Secretary, Shri Shaktikanta Das,
Secretary, Department of Economic Affairs, Ms. Anjuly Chib Duggal, Secretary,
Department of Financial Services, Shri Hasmukh Adhia, Secretary, Department of
Revenue, Dr. Arvind Subramanian, Chief Economic Adviser, Shri U.K.Sinha,
Chairman, SEBI; Shri T.S. Vijayan, Chairman, IRDA; Shri Shri Hemant G
Contractor, Chairman, PFRDA; and other senior officers of the Government of
India and financial sector regulators.
On this occasion, Dr. Arvind Subramanian, Chief Economic Adviser (CEA) gave an overview of the state of macro-economy highlighting important issues. The Council noted that high volatility in the financial markets is one of the most prominent risks confronting the Emerging Market Economies (EMEs). However, India appears to be much better placed today on the back of improvement in its macro-economic fundamentals and large forex reserves, which provides cushion against financial market volatility. Members agreed on the need to continue to be in a state of full preparedness for managing any external sector vulnerabilities. A brief report on the activities undertaken by the FSDC Sub-Committee Chaired by Governor, RBI was placed before the FSDC. The Council also undertook a comprehensive review of the action taken by members on the decisions taken in earlier meetings of the Council.
The Council deliberated on the issue of rising bank NPAs and corporate sector balance sheet stress wherein it noted the measures taken by Government & RBI for handling the stressed assets. It also discussed the impact of Bank NPAs and corporate sector balance sheet stress on Bond market.
FSDC was apprised of further action/proposed action on the recommendations of the task forces set up by DEA on PDMA (Public Debt Management Agency), FSAT (Financial Sector Appellate Tribunal), FDMC (Financial Data Management Centre) and Resolution Corporation (RC). On PDMA, the process of inter-ministerial consultations is underway. On FSAT, it is proposed to strengthen the tribunal by providing for more benches. On FDMC, to begin with, it is proposed to set-up a body which would assist FSDC in decision making. As for Resolution Corporation, it is proposed to set-up the body in consultation with all stakeholders.
The Government had constituted in December 2014 an Inter-ministerial Group (IMG) under Additional Secretary (Investment), DEA, for identifying gaps in the existing regulatory framework for deposit taking activities and to suggest, measures to address issues relating to deposit taking. The IMG has recently submitted its report to the Government. FSDC was apprised of the salient features of the report. Department of Financial Services is considering the recommendations of the Committee.
The Council was updated about the merger of FMC with SEBI and the current status of harmonization and convergence of regulations relating to securities market and commodity derivatives market.
FSDC was apprised of the latest developments at the Financial Stability Board (FSB) & Financial Action Task Force (FATF), and about India’s participation in these international bodies.
On this occasion, Dr. Arvind Subramanian, Chief Economic Adviser (CEA) gave an overview of the state of macro-economy highlighting important issues. The Council noted that high volatility in the financial markets is one of the most prominent risks confronting the Emerging Market Economies (EMEs). However, India appears to be much better placed today on the back of improvement in its macro-economic fundamentals and large forex reserves, which provides cushion against financial market volatility. Members agreed on the need to continue to be in a state of full preparedness for managing any external sector vulnerabilities. A brief report on the activities undertaken by the FSDC Sub-Committee Chaired by Governor, RBI was placed before the FSDC. The Council also undertook a comprehensive review of the action taken by members on the decisions taken in earlier meetings of the Council.
The Council deliberated on the issue of rising bank NPAs and corporate sector balance sheet stress wherein it noted the measures taken by Government & RBI for handling the stressed assets. It also discussed the impact of Bank NPAs and corporate sector balance sheet stress on Bond market.
FSDC was apprised of further action/proposed action on the recommendations of the task forces set up by DEA on PDMA (Public Debt Management Agency), FSAT (Financial Sector Appellate Tribunal), FDMC (Financial Data Management Centre) and Resolution Corporation (RC). On PDMA, the process of inter-ministerial consultations is underway. On FSAT, it is proposed to strengthen the tribunal by providing for more benches. On FDMC, to begin with, it is proposed to set-up a body which would assist FSDC in decision making. As for Resolution Corporation, it is proposed to set-up the body in consultation with all stakeholders.
The Government had constituted in December 2014 an Inter-ministerial Group (IMG) under Additional Secretary (Investment), DEA, for identifying gaps in the existing regulatory framework for deposit taking activities and to suggest, measures to address issues relating to deposit taking. The IMG has recently submitted its report to the Government. FSDC was apprised of the salient features of the report. Department of Financial Services is considering the recommendations of the Committee.
The Council was updated about the merger of FMC with SEBI and the current status of harmonization and convergence of regulations relating to securities market and commodity derivatives market.
FSDC was apprised of the latest developments at the Financial Stability Board (FSB) & Financial Action Task Force (FATF), and about India’s participation in these international bodies.
**********
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