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
Highlights of RBI Monetary Policy 2012-13
RBI reduces repo rate under LAF to 8.0 per cent
RBI raises borrowing limit of SCBs under the MSF from 1 per cent to 2 per cent of their NDTL
RBI amends Repo, Reverse Repo & Marginal Standing Facility Rates
A. P. (DIR Series) Circular No. 108 – Cross Border Inward Remittance under Money Transfer Service Scheme
A. P. (DIR Series) Circular No. 107 – Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards – Money changing activities
Empowering Growth of Emerging Enterprises
Macroeconomic and Monetary Developments in 2011-12
Brickwork Ratings India Pvt. Ltd. accredited for risk weighting Banks’ claims for Capital Adequacy Purposes
Annual Financial Inspection – Priority Sector Loans – Misclassification by Banks
Exim Bank’s Line of Credit of USD 150 million to the Ecowas Bank for Investment and Development (EBID)
When articles gifted for personal use do not amount to foreign contribution
Acceptance of NEFT inward for credit to Loan Accounts
RBI ask banks to pay 8% interest for loss due to late receipt/delayed credit of interest warrants/maturity value of Relief/Savings bonds
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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