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 Keeps Repo Rate Unchanged at 6.50% in June 2023
Provision for FLA under FEMA 1999
Foreign Contribution General Purpose Remittance (FCGPR) – A Comprehensive Guide
RBI Updates Alert List of Unauthorized Forex Trading Platforms – June 2023
RBI Expands Trade Receivables Discounting System (TReDS) for MSMEs
Identity proof not required for exchange of Rs. 2000 banknotes: HC
Overview of RBI Act 1934
RBI’s Regulatory Updates on Non-Deliverable Derivative Contracts
Overview of FEMA 1999
Foreign Liabilities and Assets Annual Return (FLA)
Liaison Office In India: Eligibility Criteria, Permitted Activities & Approval Process
Govt to release Rs. 75 Coin on New Parliament Building Inauguration day
Reserve Bank of India to Withdraw Rs 2,000 Banknotes from Circulation
Legal Tender of ₹2000 notes after September 30, 2023 – Myth Vs Reality
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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