Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
RBI Allows AD Banks to Open Rupee Vostro Accounts Without Prior Approval
BankingRBI
The RBI has allowed "AD banks to open Rupee Vostro Accounts without prior approval." This move is a significant step towards facilitating international trade in Indian Rupees. The ruling simplifies the process for banks, making it easier for them to engage in cross-border transactions. This is a crucial step towards making the Indian Rupee a more widely used currency in international trade.
