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
No Bank holiday on 30th September in Maharashtra
Acknowledgement by banks at the time of submission of Form 15-G / 15-H
Inflation Indexed Bonds (IIBs)- FAQs
Restriction on grant of loan against gold bullion applies to gold ETFs and units of gold Mutual Funds
Rupee Export Credit – Interest Subvention extended to 107 more tariff items in Textile & engineering good sector
Liberalised Remittance Scheme for Resident Individuals – Reporting
Export of Goods and Software – Realisation and Repatriation of export proceeds – Liberalisation
Issue of equity shares under FDI scheme allowed under Government route
Infrastructure Debt Funds
Proposal to align gold import regulations with other import regulations
Levy Cheque return charges only if customer is at fault
Monetary Policy Statement 2013-14- RBI cuts repo rate by 0.25%, CRR unchanged
Overseas entity having equity participation shall not offer financial products linked to Indian Rupee without RBI approval
Investment by Navratna PSUs, OVL and OIL in unincorporated entities in oil sector abroad
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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