Fema / RBI
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Inadequate regulatory oversight by financial market regulators resulting in regulated entities practising random ways to generate extra revenue
Overseas Direct Investment Without Remittance of Funds From India
Shifting of Base to India by MNCs
Govt approves amendment in FDI Policy on Defence Sector
Scope for IT Audit in Banks as per new guidelines of RBI
Banking Regulation (Amendment) Act, 2020 passed in Lok Sabha
RBI ask banks to automate Income recognition & NPA provision
Banking Regulation (Amendment) BIll, 2020 introduced in Lok Sabha
Automation of Income Recognition, Asset Classification and Provisioning processes in banks
Moratorium accounts not to be declared as NPA until further notice: SC
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Implementation of Indian Accounting Standards by NBFCs & ARCs
Individual loan resolution plan of RBI – All you want to know
Compliance functions in banks and Role of CCO
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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