Fema / RBI
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PIL against Ban on Rs. 500 & Rs. 1000 notes in Bombay HC & SC
Guidelines on capital requirements for bank exposures to central counterparties
Guidelines for computing exposure for counterparty credit risk arising from derivative transactions
Setting up of IFSC Banking Units (IBUs) – Permissible activities
MV of collateral securities for Repo / Reverse Repo Transactions with RBI
Payment Systems to remain open on November 12 and 13, 2016
Download format of Request Slip for exchange of Old Bank Notes
RBI / FM dismisses rumours of GPS-enabled Rs 2000 notes
Demonetization Impact – Long term benefits at short term inconvenience
Incredible India! – The all new beta version
Reg. Limit for acceptance of cash from Foreign Tourist
Banks to remain open on November 12 & 13
Understanding of OHD (Rs.1000/- & Rs.500/-) Notes Scheme
Most Valued Currency Turned Valueless In A Single Stroke
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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