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
Prudential Guidelines on Restructuring of Advances by select All-India Financial Institutions (AIFIs)
Opening of No-Frills Accounts by Students for Availing various Government Scholarships
RBI mulls new ECB rules for escrow account mechanism
Chambers pitch for corporates into the banking ring
India would intervene in foreign exchange markets if needed: RBI
RBI to issue Rs 5 and Rs 2 coins with CWG theme
Guidelines on Trading of Currency Options on Recognised Stock / New Exchanges – Participation of UCBs
Foreign Contribution (Regulation) Act, 2010 (No. 42 of 2010)
RBI may relax conditions related to grant of Banking License to groups having exposure to Reality sector
Summary of Discussion paper on FDI in LLP
RBI forms group to review operation of monetary policy
Furnishing remitter details in pass book / pass sheet / account statement for credits received by customers through NEFT / NECS / ECS
Permissible period for remittance of e-payments into Government account by Public Sector Banks
Prudential Guidelines on Restructuring of Advances by Banks
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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