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
Issue of Indian Depository Receipts: An Overview
Instructions/Guidelines on Credit Card/Debit Card/Pre-Paid Card
Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit
RBI allowed to prescribe or amend norms related to issue of FCCBs/ FCEBs
RBI allowed to can prescribe norms on borrowing or lending foreign exchange under automatic/approval route
External Commercial Borrowings (ECB) Policy – Revised framework
Import of Goods into India – Evidence of Import
RBI permits FPI to acquire NCDs/bonds, which are under default
Advance Remittance for Import of aircrafts /helicopters / other aviation related purchases
Sovereign Gold Bonds, 2015-16 issue date shifted to November 30, 2015
Review of Foreign Direct Investment (FDI) policy on various sectors
Diwali Bonanza – DIPP floats exciting offers to lure foreign investors
Clarification on FDI Policy on Single Brand Retail Trading
RBI allows Regional Rural Banks to provide internet banking to customers
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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