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
Interest rate For FY 2015-16 on PPF, KVP, Sukanya Samriddhi A/c and 5 year SCSS, 2004
FEMA- A.P.(DIR Series) Circular No. 91 Dated- March 31, 2015
A.P.(DIR Series) Circular No. 90 Dated- March 31, 2015
Special Clearing operations on March 30 and 31, 2015
RBI’s Liberalised Remittance Scheme – FAQ
Bank accepting tax payments to remain open on 30th & 31st March 2015
Review of Foreign Direct Investment (FDI) policy on Insurance Sector
Bank may open accounts of proprietary concerns with one documents as activity proof
Acquisition/transfer of immovable property – Prohibition on citizens of certain countries
Guidelines on Sale of Financial Assets to Securitisation/Reconstruction Company
Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks
Sukanya Samriddhi Account – RBI ask banks to follow Rules
Home Loan- Inclusion of stamp duty and other charges in LTV ratio & Construction linked disbursal
RBI reduces repo rates by 25 basis points to 7.50 per cent
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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