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1 Assistant Library and Information Officer - Department of Economic Affairs

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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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Permalink Reply by Dr. Shikha Jaiswal on March 13, 2013 at 19:07

ya.. this is valuable information for all professionals. our library is not accepted GOC rate... I'm already switch to RBI proofs.

Permalink Reply by Apurba Jyoti Majumder on March 13, 2013 at 21:11

thanks for the info.

we are still using GOC

Permalink Reply by Savita Rana on March 14, 2013 at 0:36

thanks for information

we are using RBI rates .

Permalink Reply by Ayan Mondal on March 14, 2013 at 16:46

Hello Ms. Savita Rana,

Can you provide the RBI rates. or send the link.

Thanks

Regards

Ayan

Permalink Reply by Ganta Srinivasa Rao on March 14, 2013 at 17:33
Permalink Reply by Ayan Mondal on March 14, 2013 at 23:22

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.

Permalink Reply by Ganta Srinivasa Rao on March 15, 2013 at 22:30

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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