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
Daily Reporting of exchange of ₹ 500/- and ₹ 1000/- Bank Notes
Issue of Pre-Paid Instruments to foreign tourists
Govt departments can withdraw cash in excess of Rs. 10000
STT & Former SC judges welcome govt move to demonetize Rs. 500 & Rs.1,000 notes
IDS 2016- Banks not to ask source of cash deposit
Exemptions to cancellation of Rs. 500 & 1000 notes to continue till 14.11.2016
16 Exception to use of old Rs. 500 and 1000 Bank Notes
Old demonitised notes can be used to pay Govt Tax, Fees & Penalty
All About Demonetization of Rs. 500 and Rs. 1000 Bank Notes
RBI clarification on Limit for Withdrawal of Cash
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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