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The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India". [1]
While the main object of FERA was to conserve the foreign exchange resources and prevent the misuse thereof; the object of the FEMA was to promote and develop the foreign exchange management in India. [2] Thus the FEMA seeks to 'manage' the foreign exchange whilst the FERA sought to control the same by 'regulating' it.
Foreign investment in India is regulated by the Foreign Exchange Management Act (FEMA) [60] and the regulations issued thereunder by the Reserve Bank of India (RBI). The Indian government has liberalized its foreign investment policies over the years, making it easier for foreign investors to invest in India.
The Directorate of Enforcement (ED) was established on 1 May 1956, as an "Enforcement Unit" within the Department of Economic Affairs, Government of India. [4] It was created to handle violations of exchange control laws under the Foreign Exchange Regulation Act, 1947 (FERA '47).
The DEA (Department of Economic Affairs), Ministry of Finance, Government of India along with Reserve Bank of India, monitors and regulates ECB guidelines and policies. Most of these loans are provided by foreign commercial banks and other institutions. During the 2012, contribution of ECBs was between 20 and 35 percent of the total capital ...
The intermittent whir of military chinook helicopters buzzing over the town serves as a reminder that people in the devastated west of the state are getting help — just not in Bat Cave.
This is a chronological and complete list of acts passed before 1861, by the Imperial Legislative Council between 1861 and 1947, the Constituent Assembly of India between 1947 and 1949, the Provisional Parliament between 1949 and 1952, and the Parliament of India since 1952. Apart from Finance Act, there are 890 Acts which are still in force as ...
A coalition of environmental groups is calling on the federal government to enact emergency rules to protect a vanishing species of whale from lethal collisions with large ships. The groups filed ...