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
RBi Circular on Payment of interest on Saving Bank Account on a Daily Product Basis
New Guidelines on requirement of employment visa for Foreign Nationals working in India on Projects
RBI Circular to RBs – Priority Sector Lending Categorisation of activities under service under the MSMED Act, 2006
RBI Circular on Advance Remittance for import of Services
RBI Circular on Issue of Bank Guarantee on behalf of service importers
Guidelines for Foreign investment in Commodity Exchanges
RBI Circular on Payment of Interest on Savings Bank Account on a Daily Product Basis
SEBI asked mutual fund to get their systems audited at least once in two years
Introduction of Interest Rate Futures- NBFCs
RBI circular on Priority Sector Lending -Categorisation of activities under service under the MSMED Act, 2006
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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