Fema / RBI - Page 2

Aarthik Saksharta-Foreign Direct Investment

Finance minister Nirmala Sitharaman announced in the Budget yesterday that the government will look at relaxing FDI norms for sectors like Aviation, Media and Single-brand retail....

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RBI reporting for Foreign Direct Investment

Foreign Direct Investment (FDI) means investment through capital instruments (equity shares, debentures, preference shares and share warrants) by a person resident outside India in an unlisted Indian company or in 10% or more of the post issue paid-up capital on a fully diluted basis of a listed Indian company. FDI under various sectors i...

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Basel III Framework on Liquidity Standards – LCR, FALLCR against credit disbursed to NBFCs & HFCs

RBI/2019-20/12 DBR.BP.BC.No.2/21.04.098/2019-20 (05/07/2019)

As per the roadmap, FALLCR is scheduled to increase by 0.50 per cent of NDTL on August 1 and December 1, 2019, respectively. It has been decided that, with immediate effect, banks will be permitted to reckon this increase in FALLCR of 1.0 per cent of the bank’s NDTL as Level 1 HQLA for computing LCR, to the extent of incremental outstan...

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Format of Authority Letter for Filing NFRA Form 1

Format of Authority Letter for Filing NFRA Form 1 To, Chairperson National Financial Reporting Authority 8th floor, Hindustan Times House Kasturba Gandhi Marg New Delhi- 110001 I, <<Name>>, <<Designation>> hereby authorize following official to sign, fill and submit NFRA-1 on behalf of the organization. Name: Desig...

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New Reporting Mechanism of Foreign Liabilities & Assets (FLAIR)

Foreign Liabilities &amp; Assets Information Reporting (FLAIR) System – Introduction of New Reporting Mechanism by RBI Background : Every Indian Company (‘the Company’) who has received FDI or has made an investment in foreign countries i.e. overseas investment in the previous year including current year needs to file a retu...

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New Filing Portal for Annual Return on Foreign Liabilities & Assets (FLA)

ANNUAL RETURN ON FOREIGN LIABILITIES AND ASSETS As per RBI/2010-11/427 A.P. (DIR Series) Circular No. 45 dated March 15, 2011, an Indian company which has received FDI and/ or made overseas investment in any of the previous year(s), including current year, shall submit form FLA Return to the Reserve Bank on or before the 15th […]...

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Interest equalisation Scheme for pre and post-shipment export credit

What is Interest equalisation Scheme (IES): There are many benefits given to exporters, specially MSME sector exporters. One of the scheme is interest equalisation scheme (IES) or also known as interest subvention.  This scheme was introduced with effect from 1st April 2015. This is a rebate of interest provided on pre and post shipment...

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New Process For Filling Annual Return on Foreign Liabilities and Assets (FLA)

RBI FLA Return INTRODUCTION : RBI vide A.P. (DIR Series) Circular No. 37 dated June 28, 2019 introduced new mechanism for filing of FLA Return, to enhance the security-level in data submission and further improve the data quality. LEGAL REQUIREMENT OF FLA The RBI has introduced the requirement of Annual Return on Foreign Liabilities and [...

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Master Circular – Lead Bank Scheme

RBI/2019-20/10 FIDD.CO.LBS.BC.No.06/02.01.001/2019-20 (02/07/2019)

The Reserve Bank of India has issued a number of guidelines/instructions on Lead Bank Scheme from time to time. This Master Circular consolidates the relevant guidelines/instructions issued by Reserve Bank of India on Lead Bank Scheme up to June 30, 2019 as listed in the Appendix....

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New System for Annual Return on FLAIR by Indian Companies

New System for Annual Return on Foreign Liabilities and Assets Reporting (FLAIR) by Indian Companies Earlier the Foreign Exchange Department of Reserve Bank of India stipulated that all Indian companies which have received FDI and/or made FDI abroad (i.e. overseas investment) in the previous year(s) including the current year, should file...

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Latest RBI / FEMA News

Check out all the latest news on RBI together with all the important RBI notifications, RBI circulars, RBI rates including top stories on FEMA Act and FEMA Regulations only at Taxguru.com

The RBI (Reserve Bank of India) is India’s Apex bank which governs the banking regulations in the country and controls all the monetary policies of the country. It began its operations 1st of April 1935 at the time of British Rule as per the provisions laid down in the Reserve Bank of India Act, 1934. After India’s independence on 15th August 1947, the Reserve Bank of India was nationalized on 1st January 1949.

Reserve Bank of India is an independent monetary authority that regulates banks and offers important financial services such as controlling inflation, maintaining foreign exchange reserves, and providing monetary policy report. It plays a significant role in developing strategies of the Indian Government.

The FEMA Act (Foreign Exchange Management Act) is an Act constituted by the Indian Parliament for consolidating and amending the law related to foreign exchange for facilitating the external trade and payments and also for encouraging orderly maintenance and development of foreign exchange market in the country. This act was passed in the year 1999 during the winter session which replaced the previous Foreign Exchange Regulation Act (FERA). The FEMA Regulations makes offenses with respect to foreign exchange civil offenses.This Act extends and is applicable for the entire nation. FEMA Act allowed a new regime for foreign exchange management that is consistent with the World Trade Organization’s emerging framework.

At Taxguru, we provide you with all the RBI latest news, RBI circulars, RBI notifications and all the updates with respect to FEMA Act and FEMA regulations. We keep you posted with all the latest updates on RBI rates and RBI rate charts. At Taxguru, our team ensures we publish all the latest RBI news. Bookmark us to get all the latest news on RBI and FEMA.