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
Prepaid Payment Instrument issuers to get Technical Audit done: RBI
Management of Non Performing Asset (NPA) Importance of Training
RBI allows OTP based e-KYC & Central KYC for new Bank accounts
15 Amendments to Master Direction on KYC norms
Demonetisation to deal with problem of Counterfeit notes & Black Money
RBI Withdraws Incremental CRR
Key rates not changed in 5th Bi-monthly RBI Monetary Policy 2016-17
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eighteenth Amendment) Regulations, 2016
Old 500 notes cannot be used to for Bus / Rail Ticket & to pay Rail catering services wef 10.12.2016
Prevention of Money-laundering (Appeal) Amendment Rules, 2016
Customer due diligence & need for maintenance of records
RBI relaxes Additional Authentication for card payments upto ₹ 2000
Measures to Counter effects of currency demonetization on crop sowing
CIBIL Report one of the factors to be considered before granting any loan
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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