Bank Holidays

India’s Balance of Payments (BoP) for FY27 is expected to have a deficit for the third consecutive year. To address this, the government is considering dollar mobilization schemes for the Indian diaspora. In the past, schemes like Resurgent India Bonds (RIB) in 1998, India Millennium Deposits (IMD) in 2000, and FCNR (B) in 2013 have been successful in raising foreign currency.