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
Cheer from RBI! Repo rate cut by 25 basis points to 6%
RBI imposes penalty of Rs. 30 million on UBI for KYC norm violations
Investments by NRIs as FDI and in stock changes
Appointment of Statutory Central Auditors– modification of rest period
Foreign Trade (Exemption from application of Rules in certain cases) Amendment Order, 2017
Master Direction – Lending to MSME Sector
List of 53 persons, who are absconding, under PMLA, 2002
All about Detection and Impounding of Counterfeit Notes
RBI Committee to refer accounts for resolution under IBC 2016
RBI rules on customer’s liability on unauthorized electronic banking transactions (Frauds)
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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