Para 3.10.11 — MSO

3.10.11 Foreign exchange requirements of other diplomatic Missions and Posts abroad, with the exception of the Mission in Nepal, are met by the Ministry of External Affairs and also by the Ministry of Commerce in the case of trade sections not attached to the Mission by means of remittances through the Reserve Bank of India. The Embassy of India, Nepal, Kathmandu, obtains funds directly from the Reserve Bank of India, Calcutta. The Missions maintain books of Reserve Bank of India drafts for making payments in India to their employees and their nominees. The remittances are designed so as to ensure that the monthly closing balance of the Mission does not exceed its six weeks’ net average requirement for recurring expenditure. Special remittances are also made for non-recurring expenditure. But if these remain unutilised for over two months, the balance funds are adjusted by suitable reductions in the normal monthly remittances to the Mission.