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
Banks not to accept fresh/additional PDV / EMI Cheques if ECS Services are available
RBI prescribes Periodicity of KYC document updation
Every credit institution has to become a member of at least one Credit Information Company – RBI
Export of Goods and Software – Time period for realization and repatriation of export proceeds from April,13 onwards till September, 2013 is 9 Months
RBI Revises Scheme for Import of Gold
Compliance Function in Banks: Back to the basics
Arrangements for clearing of residual non-CTS-2010 standard cheques
RBI penalises 22 Banks for violation of KYC / AML norms
ECB Policy Repayment of Rupee loans and/or fresh Rupee capital expenditure – USD 10 billion Scheme
Assignment of Lead Bank Responsibility in districts of Metropolitan Areas
Trade Credits for Imports into India – Review of all-in-cost ceiling
ECB Policy – Refinancing / Rescheduling of ECB
Overseas Investments – Shares of SWIFT
ECB Policy – All-in-cost ceiling continue to be applicable till September 30, 2013
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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