Fema / RBI
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Section 2 of the Foreign Contribution (Regulation) Act, 2010 – Foreign source – Specified international organization which is not to be treated as foreign source u/s 2(1)(j)(ii)
RBI to put the data on Overseas Direct Investment in the public domain
RBI – Smt. Shyamala Gopinath lays down office as Deputy Governor
Shri P. Vijaya Bhaskar and Shri B. Mahapatra take charge as New EDs at RBI
RBI – Challenges and Opportunities in a Trillion Dollar Economy
Repatriating foreign nationals permitted to retain India bank account
Payment of interest in respect of PPF accounts of HUF
Tight monetary policy may impact growth: Pranab
RBI releases DRG Study on 'Productivity, Efficiency and Competitiveness of the Indian Manufacturing Sector'
Home, auto loans to become costlier as RBI hikes key rates as RBI raises interest rates for the tenth time in 15 months
RBI increases Repo, Reverse Repo and Marginal Standing Facility Rates
Exim Bank's Line of Credit to the Government of the Federal Democratic Republic of Ethiopia – A.P. (DIR Series) Circular No. 72
Standing Liquidity Facilities for Banks and Primary Dealers – REF.No.MPD.BC.344 /07.01.279/2010-11
Mid-Quarter Monetary Policy Review- June 2011
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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