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
No RBI Direction on Reduction in Pay of top Management of Banks For Poor Performance
FM Says Monetary Policy Measures Announced by RBI Today Would Further Ease Inflation
Loan facilities to the physically/visually challenged by NBFCs
FIPB approves 18 Proposals of FDI
RBI likely to hike its policy rates by up to one percentage this year: Royal Bank of Scotland
Take-out finance scheme for infrastructure sector – liberalisation of External Commercial Borrowing policy
Government set up panel to review structure of small saving schemes
Imposition of penalty for bouncing of SGL forms
RBI guideline on Credit Card Operations of Banks covering disclosure of interest and fees charged by them
NBFCs-ND-SI issuing guarantees – Applicability of exemption from Concentration norms
Builders must name banks they have mortgaged their land and apartments: RBI
Analysis of Circular on Compounding of Contraventions under FEMA, 1999
RBI board to decide on further hike in its lending and borrowing rates : Pranab
RBI hikes repo rate, reverse repo rate by 25 bps
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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