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
A.P. (DIR Series) Circular No. 22 – Risks arising from the deficiencies in AML/CFT regime of Iran and Democratic People’s Republic of Korea
A.P. (DIR Series) Circular No. 21 – Risks arising from the deficiencies in AML/CFT regime of Iran and Democratic People’s Republic of Korea (DPRK)
RBI Mid-Quarter Monetary Policy Review – September 2011
Fema – Meeting of Medical expenses of NRIs close relatives by Resident Individuals
FEMA – Repayment of loans of Non-resident close relatives by residents
FEMA – Loans in Rupees by resident individuals to NRI close relatives
FEMA – Gift in Rupees by Resident Individuals to NRI close relatives
RBI releases Handbook of Statistics on the Indian Economy 2010-11
RBI increases Repo and Reverse Repo and Marginal Standing Facility Rates by 0.25 percent w.e.f. 16.09.2011
Standing Liquidity Facilities for Banks and Primary Dealers would be available at the revised repo rate, i.e., at 8.25 per cent with effect from September 16, 2011
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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