Monday, August 19, 2013

There Is No Rollback of Reforms: Mayaram

...........There is nothing in these measures to say we have imposed capital controls. You need to instill some responsibility in people who spend forex. We have not said you can’t spend overseas, which would have been reverting to capital control. RBI has only changed the methodology by putting it on the approval route to instill responsibility...........

Read - ET

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