Fema / RBI
Log in to FollowRBI Circular Notification Press Release and Instructions issued by Reserve bank of India. News and Article on provisions, Rate changes, Policy changes and FAQ
India Post Payments Bank will be a game changer for financial inclusion-Manoj Sinha
Prohibition on direct investment in countries identified by FATF
Note ban has negative impact on SMEs; large firms can benefit in long run
Note scrapping cannot stop future generation of black money
Digital payment promotion and cashless economy gets a boost
Co-operative Banks barred from accepting deposits under PMGK Deposit Scheme
FAQs on MTSS Remittances & Rupee Drawing Arrangement
Consolidated FDI Policy Circular 2017- Invite comments from stakeholders
RBI (Access Criteria for Payment Systems) directions 2017
All about transfer of shares of a Private/ Unlisted Indian Company from resident to non-resident
New Cash Withdrawal limits- Rs. 10K for ATMs & 100K for Current A/c
Respect autonomy and independence of RBI
Evidence of Import under Import Data Processing and Monitoring System
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2017
Latest RBI / FEMA News
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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.
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