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
Opening of Small Account – RPCD.CO.RCB.AML.BC. No.63/07.40.00/2010-11
RBI relaxes provisioning norms for banks with retrospective effect from September 30, 2010
RBI fixes limit for Ways and Means Advances (WMA) for the financial year 2011-1
Govt may allow 100 per cent foreign direct investment in sea plane operations
Provisioning Coverage Ratio (PCR) for Advances
Guidelines on 1 Percent interest subvention Scheme on housing loans upto Rs. 10 lakh –
Setting up of Central Electronic Registry under the SARFESAI Act, 2002
Coins of 25 Paise and below – Withdrawal from Circulation – RBi Circular No. RPCD.CO.No RRB. 60 /03.05.33 /2010-11
Inflation a concern- RBI ahead of monetary review
RBI may hike key policy rates by at least 25 bps in its annual monetary policy
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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