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India has 4th largest foreign exchange reserves in world

by Akshat Mathur 10 Dec 2021

India's Finance Minister Pankaj Chaudhry told Lok Sabha on Monday that India currently has the fourth largest foreign exchange reserves in the world. "On November 19, 2021, foreign exchange reserves were $ 640.4 billion," he said.

To another question he replied: Records of P-Notes / Outside Derivatives (ODIs) holders and ODI holder stakeholders, as defined in Section 9 of the Anti-Money Laundering Rules, 2005, SEBI. Reported monthly by foreign investors issuing Portfolio Investments (FPIs).

In addition, ODIs issuing FPIs should always keep KYC documents for ODI subscribers and make them available to SEBI upon request.

To another question, Chaudhry replied that the total amount of indirect taxes, including taxes on petroleum products, was around rupees for the last seven tax years (2014-15 to 2020-21). 16.7 million rupees.

The total indirect tax on unbranded gasoline was 9.2 rupees per liter for the period 2013-2014, while the total indirect tax on unbranded gasoline was 3.46 rupees per liter. Currently, the total central unauthorized tax on un-labelled gasoline is 27.9 rupees per liter, while the total indirect tax on un-labelled diesel is 21.80 rupees per liter.
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