....The issue was recently discussed at a high level meeting presided over by Department of Economic Affairs Secretary Arvind Mayaram. The meeting was also attended by DIPP Secretary Saurabh Chandra, Chief Economic Advisor Rahguram Rajan and RBI officials. “The RBI’s proposal received in-principle nod at the meeting and it was asked to a draft notifications,” a source said. The proposal, sources said, will facilitate inward remittances to meet pre-incorporation expenses of a company by non-residents...........
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