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
Submission of data to Credit Information Companies
Union Budget – 2010-11 – Interest Subvention Scheme – 1.5 per cent interest subvention and 2 per cent additional subvention for short-term crop loans in 2010-11
Uniformity in penal interest payable by banks for delays in credit / return of NEFT / NECS / ECS transactions
Dishonour/Return of Cheques – Need to Mention the 'Date of Return' in the Cheque Return Memo
Synopsis of Annual Supplement 2010-11 to Foreign Trade Policy (FTP), 2009-14
Banks can accept IEC (Importer Exporter Code) issued to the proprietary concern as an identity document for opening of bank account
FAQ on opening of Demat account by Non-Resident Indian [NRI]
Rise in base rate won't affect fixed rate contract
RBI releases Annual Report for 2009-10
RBI not happy with failure of public sector banks in business process re-engineering
Now, depositors can opt for floating rate on fixed deposits
Bankers worried over RBI proposal to cap foreign shareholding in banks at 50 per cent with a lock-in of 10 years
Overview of Regulatory framework of Core Investment Companies
Customers of a Bank Allowed to Withdraw Cash Five Times in a Month Free of Charge from other Banks’ ATMs
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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