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
RBI best positioned to maintain financial stability but needs autonomy- Subbarao
High interest rates hurting growth of economy, RBI needs to fix problem- Basu
SBI breaches RBI norms on Reliance Industries exposure for third straight year
RBI Governor pitches for greater autonomy for RBI to deal with inflation
RBI releases June Issue of Its RBI Bulletin
Prudential Guidelines on Restructuring of Advances by Banks – Circular No. DBOD.BP.BC.No.99 /21.04.132/2010-11, Dated Jun 10, 2011
RBI – Non-implementation of Senior Citizens Savings Scheme- 2004(SCSS) by certain banks on deposit by Army Personnel
Remittance of assets by foreign nationals- Opening of NRO Accounts – A.P. (DIR Series) Circular No. 70
Discussions on to further liberalise FDI in Multi Brand Retail – Pranab Mukherjee
RBI cautions public against fictitious offers of being beneficiary of funds such as those from winning lotteries
Non-financial Reporting – What, Why and How – Indian Perspective
RBI wants more banks to launch services on mobile
RBI monitoring economy, liquidity mid-quarterly policy review
Black Money – Action Taken by Government on Demands Raised by Baba Ramdev
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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