Theory and Practice of Muslim State in India c10.s3.2

c10.s3.2

"An amount of Rs.21 crores is estimated to be spent in 1993-94 for payment to SBI (State Bank of India) on account of foreign exchange released to Haj Pilgrims at official rate of exchange. It has been decided in January, 1993 that the pilgrims will be given foreign exchange at the official rate and the difference between the official and market rate of exchange would be borne through the Ministry of External Affairs' budgetary provision. The difference in the rates of exchange comes to Rs.21 crores.