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
Will the Renminbi Eclipse the Dollar?
RBI relaxes domestic money transfer norms for those who do not have access to formal banking channels for want of proof of identity/address
Calendar of Reviews for Board/Local Management Committee of foreign banks
FEMA – Revised Guidelines on Appointment of Agents/Franchisees by Authorised Dealer Category-I banks, Authorised Dealer Category-II and FFMCs
Advances to State Co-operative Banks under Section I7 (4) (a) of the RBI Act, 1934 for general banking business
Indo-Nepal Remittance System – Measures to enhance usage
KYC Norms – Letter issued by UIDAI containing details of name, address and Aadhaar number
Indian Economy – Progress and Prospects
Monetary Policy Dilemmas – Some RBI Perspectives
Automated Data Flow (ADF) from banks to Reserve Bank of India- FAQs
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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