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
NBFC – Investments in fixed deposits cannot be treated as financial assets and interest on FD not income from financial assets
Opening of Diamond Dollar Accounts (DDAs) – Change in periodicity of the reporting
Deferred Payment Protocols between Government of India and erstwhile USSR – A.P. (DIR Series) Circular No. 91
Striking a Balance – Credit Penetration and NPA Management – Role of Information Sharing
Mid-Quarter Review of Monetary Policy 2011-2012 To be released at 11 am on RBI Website on March 15, 2012
RBI reduces CRR by 75 basis points to 4.75 per cent
Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives
RBI declares standard rate at which it is prepared to buy or re-discount bills of exchange or other commercial paper eligible for purchase under that RBI Act
Convergence of Indian Accounting Standards with International Financial Reporting Standards –UCBs
Clarification – Liberalised Remittance Scheme for Resident Individuals
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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