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 relaxes period of parking of unutilised ECB proceeds in term deposits
RBI Monetary Policy- Repo rate unchanged at 4% for 5th Straight MPC
Overview & regulatory aspects of NBFC
All About 1st RBI monetary Policy for the FY 2021-22
Closure date for residual year end Central Government transactions changed: RBI
RBI Circular on Refund/adjustment of ‘interest on interest’ & Asset Classification
Gold Monetization Scheme (GMS), 2015
Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM)
Master Circular-Credit facilities to Scheduled Castes & Scheduled Tribes
RBI replies on signing of non-audited financials by CAs
Levy of Penal Interest for Currency Chest Transactions Reporting
Master Direction on Currency Distribution & Exchange Scheme
Amendment to Master Direction on KYC – KYC norms for SHGs
Master Circular- Disbursement of Government Pension by Agency Banks
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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