opensansad/lok-sabha-qa huggingface dataset:
Lok Sabha Question No. 3359 (UNSTARRED), answered on 2015-12-18
Subject: Capital Gains Tax for Startups
Ministry: FINANCE
Asked by: BHARATENDRA SINGH

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

## LOK  SABHA UNSTARRED QUESTION No. 3359 TO BE ANSWERED ON FRIDAY, THE 18 TH   DECEMBER, 2015 27, AGRAHAYANA, 1937 (SAKA)

## CAPITAL GAINS TAX FOR STARTUPS

## 3359. SHRI KUNWAR BHARATENDRA:.

Will the Minister of FINANCE be pleased to state:

- (a) whether the government is considering a reduction of timeline of capital gains tax for startups;
- (b) if so, the details thereof; and
- (c) if not, the reasons therefore?

## ANSWER MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI JAYANT SINHA)

- (a), (b) & (c)      There is no such proposal at present.

भारत सरकार व  त मंालय राज  व वभाग

## लोक सभा

## अतारांकत   न सं. 3359

(िजसका उ  तर शुवार, 18 दस  बर, 2015/27 अहायण, 1937 (शक) को दया जाना है)

## पूंजी लाभ कर को कम करने क समय-सीमा

## 3359. क ुं वर भारते   संह:

या व  त मंी यह बताने क क ृ पा करगे क:

- (क) या सरकार   टाट-अप क े  लए पूंजी लाभ कर क समय-सीमा म कमी करने पर वचार कर रह है;
- (ख) यद हां, तो त  संबंधी
- (ग)
- यौरा   या है; और
- यद नहं, तो इसक े    या कारण ह?

## उ  तर

व  त मंालय म रा  य मंी (ी जयंत स  हा)

(क)(ख)और(ग): इस समय ऐसा कोई भी   ताव नहं है।

--------
Lok Sabha Question No. 3358 (UNSTARRED), answered on 2015-12-18
Subject: CSR Funds
Ministry: FINANCE
Asked by: SADASHIV KISAN LOKHANDE

## GOVERNMENT OF INDIA

## MINISTRY OF FINANCE

## DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA

## UNSTARRED QUESTION NO . †3358

TO BE ANSWERED ON THE 18 th December,2015/Agrahayana 27,1937 (SAKA)

## CSR FUNDS

## QUESTION

†3358 . Shri SADASHIV LOKHANDE:

Will the Minister of FINANCE be pleased to state:

- a) whether the Government has fixed any norms for spending the funds by various Public Sector Banks (PSBs) under the Corporate Social Responsibilities (CSR) and if so, the details thereof;
- b) whether all PSBs are complying with the provision of CSR and if so, the details of work done and the funds allocated by each PSBs during the last three years and the current year, bank and State/UT-wise;
- c) whether the Government has taken any step for monitoring of funds spent by PSBs under CSR including in the backward areas in the country and if so, the details thereof, State-wise including Maharashtra; and
- d) the steps taken/being taken by the Government to ensure compliance of CSR initiatives by all PSBs?

## ANSWER

The Minister of State in the Ministry of Finance

(SHRI JAYANT SINHA)

- (a) & (b): The mandatory provision of spending under CSR under the Companies Act 2013 is not applicable to Public Sector Banks(PSBs) except IDBI Bank Ltd. & Bhartiya Mahila Bank(BMB), since both of which have been formed under Companies Act. However, PSBs(except IDBI Bank & BMB) do such spending under Reserve Bank of India guidelines on 'Donations by Banks' vide circular DBOD.No.Dir.BC.15/13.01.01/2002-03 dated August 6, 2002, in terms of which banks can make donations during a financial year, aggregating up to 1 % of their published profit for the previous year. In case of loss making banks, they can make donations totaling Rs. 5.00 lakhs only in a financial year. It may be iterated that spending on donations by banks is voluntary in nature subject to respective Board's approval.

Details of Amount Spent by IDBI Bank & BMB under CSR Activities during the last 3 years and current year are as under:(RS. In Crore)

| Year      |   IDBI Bank Ltd. | Bhartiya Mahila bank                                      |
|-----------|------------------|-----------------------------------------------------------|
| 2012-2013 |             1.34 | NIL (The bank was not in existence)                       |
| 2013-2014 |             5.62 | NIL (The Bank Commenced operation in November, 2013 only) |
| 2014-2015 |            23.44 | 3.33                                                      |
| 2015-2016 |             5.03 | 2.90                                                      |

- (c) & (d): There is a Board Level Committee in all the Banks to monitor such activities.

******
Lok Sabha Question No. 3355 (UNSTARRED), answered on 2015-12-18
Subject: Evasion of STT
Ministry: FINANCE
Asked by: ANIL SHIROLE

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF REVENUE

## LOK SABHA

## UNSTARRED QUESTION NO.3355

## TO BE ANSWERED ON FRIDAY, THE 18 TH  DECEMBER 2015 27 AGRAHAYANA 1937 (SAKA)

## EVASION OF STT

## 3355. SHRI ANIL SHIROLE:

Will the Minister of FINANCE be pleased to state:

- a) Whether Income Tax Notices have been issued to companies/traders/foreign Institutional Investors (FIIs) trading in National Stock Exchange/Bombay Stock Exchange for tax evasion particularly evasion of Securities Transaction Tax(STT);
- b) If so, the details thereof;
- c) The estimated amount/penalty due against such companies/traders/FIIs along with the amount recovered till date; and
- d) the  action  taken  by  the  Government/SEBI  against  the  erring  companies/traders/FIIs along with the other steps taken to curb such practices in future?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (JAYANT SINHA)

a) & b) The Securities Transaction Act (Chapter VII of Finance (No. 2) Act, 2004) casts statutory obligation on the recognized Stock Exchanges, such as BSE and NSE, to collect ……contd/-

the  Securities  Transaction  Tax  (STT)  from  every  person  entering  into  taxable  securities transaction; pay the STT to the credit of Central Government every month; and to furnish the prescribed return in respect of all taxable securities transactions entered into during the financial year in that Stock Exchange.

The persons entering into  the  taxable  securities  transactions  in  the  Stock  Exchange, such as traders or investors, including Foreign Institutional Investors (FIIs), are not obliged to make any statutory compliance within the provisions of Securities Transaction Act.

As  such,  the  Income  Tax  Department  does  not  issue  any  notice  to  such  traders  or investors, including Foreign  Institutional Investors (FIIs), for any  violation of the provisions of Securities Transaction Act.

c) & d) No such instance of evasion of STT has been reported so far. However, in cases where any default in collection or payment of STT is noticed, assessments can be made and  penalties  can  be  levied,  by  the  Income  Tax  authorities  concerned,  against  the defaulting Stock Exchange, and not against the traders or investors, as per provisions of Securities Transaction Act.

## **********
Lok Sabha Question No. 3354 (UNSTARRED), answered on 2015-12-18
Subject: Export of AYUSH Products
Ministry: AYURVEDA,YOGA & NATUROPATHY,UNANI,SIDDHA AND HOMEOPATHY (AYUSH)
Asked by: GOPALAKRISHNAN CHINNARAJ

## GOVERNMENT OF INDIA MINISTRY OF AYURVEDA, YOGA & NATUROPATHY, UNANI, SIDDHA AND HOMOEOPATHY (AYUSH)

## LOK  SABHA UNSTARRED QUESTION NO. 3354 TO BE ANSWERED ON 18 TH DECEMBER, 2015

## EXPORT OF AYUSH PROD UCTS

## 3354. DR. C. GOPALAKRISHNAN:

Will  the  Minister  of AYURVEDA,YOGA  AND  NATUROPATHY,UNANI,SIDDHA  AND HOMOEOPATHY (AYUSH) be pleased to state:

- (a) whether the Governmen t has taken note of export of large scale AYUSH product in recent years; and
- (b) if so, the export of AYUSH medicines during the last three years and the current year?

## ANSWER THE MINISTER OF STATE (IC) OF THE MINISTRY OF AYURVEDA, YOGA & NATUROPATHY, UNANI, SIDDHA AND HOMOEOPATHY (SHRI SHRIPAD YESSO NAIK)

- (a) & (b):      Yes, the Government is aware of export of AYUSH products. As per information rendered by Ministry of Commerce & Industry the export data of AYUSH medicines during th last three years and the current year is as under -

2012- 13:

84490260 Kilograms worth value of 38 ,91,96,702 US dollars.

2013- 14:

76720120 Kilograms worth value of 36,69,86,349 US dollars.

2014- 15:

92059222 Kilograms worth value of 35,46,81,946 US dollars.

2015- 16:

44475518 Kilograms worth value of 17,12,88,266 US dollars.

(April to September)

………….
Lok Sabha Question No. 3353 (UNSTARRED), answered on 2015-12-18
Subject: FIIs on MAT
Ministry: FINANCE
Asked by: ANANDRAO  ADSUL, DHARMENDRA YADAV, T.G. VENKATESH BABU, Shrirang Appa Barne, SHIVAJI ADHALRAO PATIL

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

## LOK  SABHA UNSTARRED QUESTION No. 3353 TO BE ANSWERED ON FRIDAY, THE 18 TH   DECEMBER, 2015 27, AGRAHAYANA, 1937 (SAKA)

## FIIs ON MAT

## 3353. SHRI ANANDRAO ADSUL:

SHRI DHARMENDRA YADAV:

SHRI VENKATESH BABU T.G. :

SHRI SHRIRANG APPA BARNE:

SHRI ADHALRAO PATIL SHIVAJIRAO:

Will the Minister of FINANCE be pleased to state:

- (a) whether the Government has assessed the financial implications of the relief to Foreign Institutional Investors (FIIs) on the issue of levying Minimum Alternate Tax (MAT) as recommended by the Justice A.P. Shah Committee; and
- (b) if so, the details and the outcome thereof?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI JAYANT SINHA)

(a)&  (b)    Having  accepted    the  Justice  A.P.  Shah  Committee's  recommendations,    the Government  decided to bring an amendment in the Income-tax Act, 1961 to clarify that the Minimum  Alternate  Tax  (MAT)  will  not  be  applicable  to  Foreign  Institutional  Investors (FIIs)  not having a place of business/permanent establishment in India.  Accordingly, field authorities  of  Income  Tax  Department  were  advised  to  keep  in  abeyance  the  pending assessment proceedings in cases of FIIs involving the issue.

In view of this, the financial implications of the decision are not quantifiable.

------------

भारत सरकार व  त मंालय राज  व वभाग

## लोक सभा अतारांकत   न सं. 3353

(िजसका उ  तर शुवार, 18 दस  बर, 2015/27 अहायण, 1937 (शक) को दया जाना है)

## यूनतम वैकि  पक कर संबंधी वदेशी सं  थागत नवेशक

## 3353. ी आनंदराव अडसुल:

ी धम  द यादव:

- ी ट.जी. वकटेश बाबू:
- ी ीरंग आ  पा बारणे:

ी आधलराव पाटल शवाजीराव:

या व  त मंी यह बताने क क ृ पा करगे क:

- (क) या  सरकार ने   यायमूत ए.पी. शाह समत वारा क गई सफारश क े  अनुसार यूनतम  वैकि  पक  कर  (एमएट)  लगाने  क े   मुदे  पर  वदेशी  सं  थागत  नवेशक (एफआईआई) को राहत क े  व  तीय भाव का आकलन कया है; और
- (ख) यद हां, तो त  संबंधी
- यौरा   या है; और इसक े    या परणाम सामने आए ह?

## उ  तर व  त मंालय म रा  य मंी (ी जयंत स  हा)

(क) और (ख):   ए.पी. शाह समत क सफारश को   वीकार कर लेने क े  प  चात सरकार ने  आयकर अधनयम म, 1961 म संशोधन करने का नणय लया था ताक यह   प  ट कया जा सक े  क   यूनतम वैकि  पक कर, ऐसे वदेशी सं  थागत नवेशक पर लागू नहं होगा िजनका भारत म कारोबार का   थान/  थाई   थापन नहं है। तदनुसार आयकर वभाग के   फ  ड  ाधकारय  को  यह  सलाह  द  गई  थी  क  वे  उन  मामल  क  लंबत  नधारण संबंधी कायवाहय को अ  थगत रख िजनम वदेशी सं  थागत नवेशक शामल ह।

इसक े  मदेनजर, इस नणय से होने वाले व  तीय भार का आकलन नहं कया जा सकता

है।

-------
Lok Sabha Question No. 3352 (UNSTARRED), answered on 2015-12-18
Subject: AIP Technology for Submarines
Ministry: DEFENCE
Asked by: HARI BABU KAMBHAMPATI

## GOVERNMENT OF INDIA MINISTRY OF DEFENCE

## DEFENCE RESEARCH & DEVELOPMENT ORGANISATION

## LOK  SABHA

## UNSTARRED QUESTION NO.3352

TO BE ANSWERED ON THE 18 TH  DECEMBER, 2015

## AIP TECHNOLOGY FOR SUBMARINES

3352.  DR. KAMBHAMPATI HARIBABU:

Will the Minister of DEFENCE j{kk ea=h be pleased to state:

- (a) whether  there is  any  proposal  with  the  Defence  Research  and  Development Organisation (DRDO) for development of Air Independent Propulsion (AIP) technology for submarines in the country;
- (b) if so, the details thereof;
- (c) whether the AIP technology has undergone the prototype trials so far; and
- (d) if so, the details thereof?

## A    N    S    W    E    R

MINISTER OF DEFENCE                                   (SHRI MANOHAR PARRIKAR)

j{kk ea=h

¼Jh euksgj ijhZdj½

(a) & (b): Yes, Madam.  DRDO has undertaken a project on development of Air Independent Propulsion (AIP) for Submarine, based on Phosphoric Acid Fuel Cell (PAFC) Technology.  The details of Project are given below:-

- Date of Sanction

:    16 th August 2010.

- •

- Probable Date of Completion (PDC)

:    31 st March 2016.

- Cost of Project

:    Rs. 216/- Crores.

- Present Status:-

- (i) Pre-Production Floor Module (PPFM) of AIP has been established.  Laboratory testing has been completed to prove the concept.  Indian Navy has also witnessed the trials.
- (ii) Land Based Prototype of AIP has been realized.

(c) & (d): Yes, Madam.  The AIP is based on Phosphoric Acid Fuel Cell (PAFC) Technology.  The Fuel Cell, stacks along with Hydrogen generation, has been tested continuously  and  expected  power  has  been  achieved  in  Pre-Production  Floor Module (PPFM).

*******
Lok Sabha Question No. 3351 (UNSTARRED), answered on 2015-12-18
Subject: Negligence in Government Hospitals
Ministry: HEALTH AND FAMILY WELFARE
Asked by: R.K. BHARATHI MOHAN

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH AND FAMILY WELFARE

## LOK SABHA UNSTARRED QUESTION NO. 3351 TO BE ANSWERED ON 18 TH DECEMBER, 2015

## NEGLIGENCE IN GOVERN MENT HOSPITALS

## 3351. SHRI BHARATHI MOHAN R.K.:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

- (a) whether the Government is aware of the negligence and apathy in Government Hospitals regard patients coming for emergency treatment; and
- (b) if so, the details thereof and the action tak n by the Government thereon?

## ANSWER THE MINISTER OF HEALTH AND FAMILY WELFARE (SHRI JAGAT PRAKASH NADDA)

(a) & (b): Health  is  a  State  subject  and  no  such  information  is  maintained  centra Hence, it is the responsibility of the State Government to take action in such cases. I three Central Government Hospitals in Delhi namely Dr. Ram Manohar Lohia Hospital( RMLH),  Safdarjung  Hospital  and  Lady  Hardinge  Medical  College  (LHMC)  and associated hospitals are concerned, in one case Delhi Medical Council (DMC) has take view  of  punishing  two  doctors  (Senior  Residents)  of  Safdarjung  Hospital  for  medi negligence.The  hospital  authority  has  filed  an  appeal  against  the  order  of  DMC  bef Medical Council of India.  In respect of Dr. RMLH and LHMC and Associated Hospitals, n case of medical negligence has been established.
Lok Sabha Question No. 3350 (UNSTARRED), answered on 2015-12-18
Subject: Sale of Defence Land
Ministry: DEFENCE
Asked by: RAVINDRA KUMAR PANDEY, RAJENDRA AGRAWAL

## GOVERNMENT OF INDIA MINISTRY OF DEFENCE

## DEPARTMENT OF DEFENCE

## LOK  SABHA

## UNSTARRED QUESTION NO.3350

TO BE ANSWERED ON THE 18 TH  DECEMBER, 2015

## SALE OF DEFENCE LAND

3350.  SHRI  RAVINDRA KUMAR PANDEY: SHRI RAJENDRA  AGRAWAL:

Will the Minister of DEFENCE j{kk ea=h be pleased to state:

- (a) whether any cases of usurping and selling of defence land by land mafias have come to the notice of the Government;
- (b) if so, the details thereof, State/UT-wise including Uttar Pradesh; and
- (c) the corrective measures taken by the Government in this regard?

## A    N    S    W    E    R

MINISTER OF DEFENCE                                   (SHRI MANOHAR PARRIKAR)

j{kk ea=h

¼Jh euksgj ijhZdj½

(a) to (c): A statement is attached.

*******

## STATEMENT  REFERRED  TO  IN  REPLY  TO  PARTS  (a)  TO  (c)  OF  LOK SABHA UNSTARRED QUESTION NO. 3350 FOR ANSWER ON 18.12.2015

(a) to (c): No specific case of usurping and selling of defence land by land mafias have been reported either by the Services or the Directorate General  of  Defence  Estates.  However,      two  cases  one  with  regard  to Defence land at Lohegaon, Pune and another with respect to Defence land at Srinagar where attempts were made by some individuals to mutate /sell Defence land had come to light. Both the cases were handed over to CBI who have after investigation filed charge sheets in the cases. In the case of land at Lohegaon the revenue authorities have since corrected entries in the revenue records in favour of Ministry of Defence. In the case of land in  Srinagar,  NOCs  issued  irregularly  by  the  Defence  Estate  Officials  for sale  of  land  were  subsequently  cancelled.  Besides,  approximately  8478 acres of Defence land which is 0.005 % of total Defence land holding, is reported to be under encroachment by private entities. Action under the law has been taken by the concerned land managing agencies for removal of  these  encroachments.  Removal  of  encroachments  is  also  closely monitored by the land managing agencies and the Government.

*******
Lok Sabha Question No. 3348 (UNSTARRED), answered on 2015-12-18
Subject: Regulatory Framework for Crypto-Currencies
Ministry: FINANCE
Asked by: RANJEET RANJAN, GAURAV GOGOI, RAJESH RANJAN  (PAPPU  YADAV)

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA

## UNSTARRED QUESTION NO.3348

## TO BE ANSWERED ON 18 TH  DECEMBER,  2015/27 TH  AGRAHAYANA, SAKA, 1937 REGULATORY FRAMEWORK FOR CRYPTO-CURRENCIES

## 3348. SHRIMATI RANJEET RANJAN:

## SHRI GAURAV GOGOI: SHRI RAJESH RANJAN:

## QUESTION

## Will the Minister of FINANCE be pleased to state:

- (a) whether the Government has consulted Reserve Bank of India (RBI) to deliberate on a regulatory framework for crypto-currencies like the Bitcoin in India;
- (b) if so, the details thereof and if not, the reasons therefor;
- (c) the volume of Bitcoin trade in India as compared to China during the last three years and the current year;
- (d) if so, the details and the outcome thereof; and
- (e) whether  the  Government  has  taken  measures,  besides  RBI  notification  dated  24 December, 2013, cautioning users on the risk of virtual currencies and ensure that the unregulated Bitcoins are not accessed for terrorist financing?

## ANSWER

## MINISTER OF STATE FOR FINANCE

## (SHRI JAYANT SINHA)

- (a) & (b) :  Government has consulted Reserve Bank of India (RBI) on the usage, holding and trading of virtual currencies under the extant legal and regulatory framework.
- (c) to (e) : Reserve Bank of India (RBI) has informed that no such information is available with them.  RBI has issued a cautionary advice in December 24, 2013 cautioning the users, holders and traders of virtual currencies about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to.

*******
Lok Sabha Question No. 3344 (UNSTARRED), answered on 2015-12-18
Subject: Excise Duty Rates on Petrol and Diesel
Ministry: FINANCE
Asked by: VINAYAK BHAURAO RAUT, RAVINDRA VISHWANATH GAIKWAD, SHRIKANT EKNATH SHINDE, RAHUL RAMESH SHEWALE

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

## LOK SABHA

## UNSTARRED QUESTIONNQ.3344

## IO BE ANSWERED ON FRIDAY THE DECEMBER2015 18th

SHRI VINAYAK BHAURAO RAUT:

3344. PROF. RAVINDRA VISHWANATH GAIKWAD: DR. SHRIKANT EKNATH SHINDE: SHRI RAHUL SHEWALE:

Will the Minister of FINANCE be pleased to state:

basic excise duty rates on and diesel have been increased (a) whether the thereof and the reasons therefor; (b) whether the from March, 2015, if so, the details transfer of States' share of Ministry of Road 'Transport and Highways hassought the details thereof and funds in the outlay for Central Road Sector for 2015-16, if so , the action taken by the Government thereon; and petrol the provisions of the the details of the total fund collected for this purpose as per

## ANSWER

## (SHRI JAYANT SINHA)

the continued fall in international of crude oil (a) : Considering, products and the fact that there was an over recovere (Indian basket) and petroleum (BED) rates on and diesel were in and diesel, the Basic Excise Duty increased from March, 2015 as under: prices petrol petrol

| Notification                                   | Effective from   | Increase in the BED rate (in Rs. per litre)   | Increase in the BED rate (in Rs. per litre)   | Increase in the BED rate (in Rs. per litre)   | Increase in the BED rate (in Rs. per litre)   |
|------------------------------------------------|------------------|-----------------------------------------------|-----------------------------------------------|-----------------------------------------------|-----------------------------------------------|
|                                                |                  | Unbranded Petrol                              | Branded Petrol                                | Unbranded Diesel                              | Branded Diesel                                |
| No.43/2015-CE                                  | 7.11.2015        | 1.60                                          | 1.60                                          | 0.40                                          | 0.40                                          |
| dated 6.11.2015 No.46/2015-CE dated 16.12.2015 | 17.12.2015       | 0.30                                          | 0.30                                          | 1.17                                          | 1.17                                          |

- 3162 crore has been allocated to States and for InterB.E. 2015-16 from Central Road Fund in State and Economically Important Roads in the Budget of Ministry of Road Transport & Highways. #***
Lok Sabha Question No. 3343 (UNSTARRED), answered on 2015-12-18
Subject: Under-utilisation of FER
Ministry: FINANCE
Asked by: PRATAPRAO GANPATRAO JADHAV, RAMA DEVI

- (a) whether the Government has under-utilised the Foreign Exchange Reserves (FERs) in an unproductive manner resulting in huge losses to the exporters;

(b) if so, the details thereof along with reasons therefor; and

- (c) the corrective steps taken by the Government in this regard?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI JAYANT SINHA)

- (a)  & (b)  India's  foreign  exchange  reserves  (FER)  comprise  foreign  currency  assets, gold,  Special  Drawing  Rights  (SDRs)  and  Reserve  Tranche  Position  (RTP)  with  the IMF.  The level of foreign exchange reserves is largely the outcome of Reserve Bank of India's  intervention  in  the  foreign  exchange  market  to  stabilise  the  rupee  value.    The main objective of intervention by the RBI is to maintain stable exchange rate in the wake of fragile global economic environment to minimize exchange rate risks, among others, for exporters. FERs act as a cushion against anticipated external shocks. In line with the principles  of  preserving  the  long-term  value  of  the  reserves  in  terms  of  purchasing power,  minimizing  risk  and  volatility  in  returns  and  maintaining  liquidity,  the  Reserve Bank of India invests foreign currency assets in multi-currency, multi-asset portfolios as per the guidelines prescribed for this purpose which are similar to the international best practices.
- (c) The broad rising trend in FERs continues in 2015-16 so far as well. The Government and the RBI are closely monitoring the emerging external position and on an ongoing basis  calibrating  policies  or  regulations  to  support  robust  macroeconomic  outcome including strong export performance.

*****