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
Directions on Managing Risks & Code of Conduct in Outsourcing of Financial Services by NBFCs
Initial Steps Towards Setting up of a Public Credit Registry for India
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017
Introduction of Legal Entity Identifier for large corporate borrowers
The current Agenda: Restoring Public Sector Bank Health in India – Influx of funds: What history reveals?
Permission to resident / non-resident entities to hedge transactions with simple Procedures
PML (Maintenance of Records) Sixth Amendment Rules, 2017
RBI clarifies that linking Aadhaar to bank accounts is mandatory
RBI Report on MCLR Interest rate: Or simply interest rate on loans by commercial banks – what we lost or would gain
Interest subvention scheme for Women SHGs – Year 2017-18
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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