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Invitation to Present | SoFerence 2026: A Global Platform to Showcase AI Use Cases in Libraries at Virtual
The Fr. Arrupe Central Library, St. Xavier's University, Kolkata, is organizing a Two-Day National Conference on “Bridging Knowledge, Technology, and Society through Libraries” at Fr. Albert Huart Hall (Auditorium), St. Xavier's University, Kolkata.
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Why Librarians Accept GOC Rates
As per the ministry of Finance, Govt of India, OM 23(7)-EII (A)/83 dated 7th Feb 1984,
(GFR 116(2) (1) (1979)), clearly mentioned in s.no 7 as The Good Offices Committee (GOC) rates should not be used for exchange rates as it is not a fully represented body now. Proof of RBI/Nationalized bank exchange selling rates having prices in foreign currencies on the date of invoice for (a) books and Other monographs, and (b) actual date for remittance to the publishers in case of journal subscriptions.
Still why our Librarians are accepting GOC rates( which having only publishers monopoly) for procurement of foreign books and journals.
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Replies to This Forum
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Permalink Reply by Mrs. Jaiswal on
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ya.. this is valuable information for all professionals. our library is not accepted GOC rate... I'm already switch to RBI proofs.
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Permalink Reply by Apurba Jyoti Majumder on
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thanks for the info.
we are still using GOC
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Permalink Reply by Savita Rana on
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thanks for information
we are using RBI rates .
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Permalink Reply by Ayan Mondal on
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Hello Ms. Savita Rana,
Can you provide the RBI rates. or send the link.
Thanks
Regards
Ayan
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Permalink Reply by Ganta Srinivasa Rao on
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Many thanks for your reply Sir.
But here its mentioned only five currency.
If I will buy from Australian Publication, then What Should I followed?
Regards,
-- Ayan.
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You can find it in daily newspapers specially business and economic news papers and websites related to banks and forex market. or Just type "Australian dollar rate today in India" in google search page, you can find number of sites which gives you exchange rates of that day.
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