RBI reviews FEMA to boost cross-border INR transactions
The Reserve Bank of India, in collaboration with the central government, has reviewed current regulations under the Foreign Exchange Management Act, 1999.
The Reserve Bank of India, in collaboration with the central government, has reviewed current regulations under the Foreign Exchange Management Act, 1999.
As the hunger strike by two junior doctors from North Bengal Medical College and Hospital (NBMC&H) enters its 10th day, with both now in the ICU, two senior doctors from the Federation of Medical Associations (FEMA) joined the protest today, observing a 12-hour token hunger strike.
The Enforcement Directorate on Friday searched the premises of the Goa-headquartered Chowgule Group and linked entities as part of a foreign exchange violation investigation against them.
She told media persons in Krishnanagar on Thursday that as a part of her campaign schedule, she will be going to Kaliganj, one of the seven Assembly constituencies in the Lok Sabha seat.
First, regulatory authorities should work closely with start-ups and investors to establish clear guidelines and best practices for valuation. Transparency is paramount and start-ups must maintain comprehensive records of their valuation methodologies.
FEMA violation of $5,551 crore, the Enforcement Directorate issued a show-cause notice to Xiaomi Technology India, CFO Sameer Rao, its former MD Manu Jain, and 3 banks. According to the officials, the notice relates to illegal remittances made by the company totaling $5,555.27 crores.
Directorate of Enforcement (ED) has attached assets worth Rs 305.84 crore of a private firm under section 37A of the Foreign Exchange Management Act, 1999 for violation of section 4 of the Act.
Five premises of leading crypto exchange CoinSwitch Kuber were searched on Thursday by the Enforcement Directorate for alleged Foreign Exchange Management Act (FEMA) violations.
It has been rightly held that Amazon acquired control of Future Retail by virtue of its arbitrary dominance in Future Coupon Limited and in the absence of any Government approval, it is contrary to FEMA & FDI rules, according to CAIT.
Many cooperative banks, especially in Gujarat, are not disclosing the list of defaulters. The government is favouring its crony capitalist friends. Why is the government not directing the RBI to disclose the information?
