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
All villages to get access to banking in next 5 years- RBI
Cross Border Inward Remittance under Money Transfer Service Scheme (MTSS)- A.P. (DIR Series) Circular No. 28
RBI Circular on Money changing activities- A.P. (DIR Series) Circular No. 27
Cross Border Inward Remittance under Money Transfer Service Scheme (MTSS)- A.P. (DIR Series) Circular No. 26
KYC Norms/AML Standards/Combating Financing of Terrorism/Obligation of Authorised Persons under PMLA, 2002, as amended by PMLA- A.P. (DIR Series) Circular No. 25
Use of International Debit Cards/ Store Value Cards/Charge Cards/Smart Cards by resident Indians while on a visit outside India
RBI Directions for opening and operation of Accounts and settlement of payment for electronic payment transactions involving intermediaries
Government approves 08 Proposals of Foreign Direct Investment
SEBI allows Acceptance of Third Party Address as Correspondence Address
A technical paper on "Inflation Indexed Bonds (IIBs)"
Non-Banking Financial Companies (NBFC) to finalize its balance sheet within 3 months from end of the financial year
StCBs/DCCBs – Know Your Customer Guidelines – Salaried Employees
Financial Inclusion by Extension of Banking Services – Use of Business Correspondents / Business Facilitators by Urban Co-operative Banks
RBI draft guidelines for new bank licences in January
Latest RBI / FEMA News
Check out all the latest news on RBI together with all the important RBI notifications, RBI circulars, RBI rates including top stories on FEMA Act and FEMA Regulations only at Taxguru.com
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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