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
Lead Bank Scheme – District Consultative Committees – Inclusion of Director of MSME-DI
Implementation of asset classification and provisioning norms for NBFC-MFIs deferred to 1st April 2013
Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for 2011-12
Clarification – Prior intimation to RBI to raise aggregate FII / NRI limits for investments under PMS
Investment in Indian Venture Capital Undertakings and /or domestic Venture Capital Funds by SEBI registered FVCI
Scheme for Collection of Dues of CBDT, CBEC, DM Account – Reporting and Accounting of March Transactions – Special Arrangements – FY 2011-2012
ECB for Low Cost Housing, Working Capital in Civil Aviation, Part Finance Power Project DEBT
Rates of Interest – RIDF and other funds
RBI Policy March 2012- No Change in repo, reverse repo rates & CRR
RRBs/StCBs/DCCBs – Bank Rate Increased
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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