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
Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2009-10)
RBI may issue guidelines on new banking licences in about three months
Liquidity Adjustment Facility – Repo And Reverse Repo Rates increased by 0.25 percent
Banks asked to disclose more info on their depositors, borrowers, NPA accounts and SPV sponsored by them
Standing Liquidity Facilities for Banks and Primary Dealers
Banks rejecting non fake note too, If the same is from the suspected series issued by RBI
FDI in sensitive sector under automatic approval route may be under post-investment surveillance
Additional Disclosures by banks in Notes to Accounts
RBI will put strict rules and regulations for conversion of NBFC into LLP
Grant of ‘Certificate of Registration’ – For commencing business of credit information – Experian Credit Information Company of India Private Ltd
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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