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 named 7 MLM companies involved in operating ponzi schemes
RBI Press Release on Restrictive practices while accepting bank notes
RBI approval required for acquisition/ transfer of control of NBFCs accepting deposits
RBI extended interest subvention of 2% on rupee export credit for a further period of six months
RBI Circular on Agriclutural Debt Waiver and Debt Relief Scheme, 2009-Prudential Norms
RBI circular on Finance for Housing Projects –Disclosure of Information on Mortgage of Property
ICAI requested RBI to re-audit bad home loans sold to ARCIL by ICICI bank for irregularities
RBI circular on Collection of Account Payee Cheques – Prohibition on Crediting Proceeds to Third Party Account
RBI circular on extension of last date under Agricultural Debt Waiver and Debt Relief Scheme, 2008
RBI circular to Stand-alone Primary Dealers – Enhancement of Minimum Net Owned Funds
Latest RBI / FEMA News
Check out all the latest news on RBI together with all the important RBI notifications, RBI circulars, RBI rates including top stories on FEMA Act and FEMA Regulations only at Taxguru.com
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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