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
Govt ask RBI to continue appointing auditors for PSU Banks
Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2009
CA charged for violation of FEMA rules & Rs. 26 lakhs penalty imposed
RBI asked banks to review their existing policies for lending to MSEs
The government plans to bring out yet another clarification to exclude banks from the purview of its revised foreign investment norms
RBI, finance ministry divided on FDI relaxation given by of Press Notes
RBI Circular on Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs)
Circular No.66-Custom Duty, Dated: 28.04.2009
RBI Circular on External Commercial Borrowings (ECB) Policy – Liberalisation
CAR won’t come down below minimum required despite high NPAs: RBI
RBI proposed Payment of Interest on Savings Bank Account on a Daily Product Basis from 01.04.2010
RBI to phase out high value clearing for Cheques drawn over 1 Lakh Rupees
Banks allowed to open ATMs without Central Bank approval: RBI
RBI to withdraw NPA relaxation facility from 1st July 2009
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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