Fema / RBI
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Fla Filing
Safe Deposit Locker/Safe Custody Article Facility provided by banks – Revised Instructions
RBI introduces Financial Inclusion Index
Deposit Insurance And Credit Guarantee Corporation (Amendment) Act, 2021
Registrations required for NBFC ND NSI
Registration of an NBFC under Equifax (A Credit Information Bureau)
DRAFT – Foreign Exchange Management (Overseas Investment) Regulations, 2021
Draft Foreign Exchange Management (Non-debt Instruments – Overseas Investment) Rules, 2021
Penalty on banks if Cash-out at any ATM of more than ten hours
Rationalisation of Overseas Investment Regulations under FEMA, 1999 – Draft rules/regulations for Comments
RBI allows banks to continue with MSF relaxation till 31.12.2021
Collateral free loans to SHGs- Limit extended to Rs. 20 Lakh
RBI: Payment system operators – outsourcing of payment & others
RBI Monetary Policy Dated 06th August 2021- No Change in Repo Rates
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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