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
RBI Annual Policy Statement for the Year 2010-11
RBI hiked Repo Rate, Reverse Repo Rate and Cash Reserve Ratio by 0.25 Percent
RBI may hike rate by 0.25 percent
RBI advised banks not to insist for collateral on education loan up to 4 Lakh
RBI allowed FIIS to offer domestic and foreign government securities as collateral to stock exchanges
Now same Interest rate for old and new Home Loan
A writ petition is not ordinarily maintainable to challenge order of the Tribunal (ATFE)
Salient features of amendments to the NBFC Directions – Introduction of 4th category of NBFC – Infrastructure Finance Company (IFC)
RRBs – Know your Customer (KYC) guidelines – accounts of proprietary concerns
RBI/2009-10/390, DBOD. No. Dir. BC 88 /13.03.00/2009-10, dated: 09.04.2010
Investment in SLR Securities by Regional Rural Banks (RRBs)
Priority Sector Lending – Advances to Micro and Small Enterprises engaged in exports
Pricing norms for issue of shares to person resident outside India
Revised Pricing Guidelines for issue of shares to non-residents
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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