Topic: FEMA

Amendment in FEMA Rules for LIC

The rules of the Foreign Exchange Management Act (FEMA) have been amended by the government to pave way for up to 20 per cent of foreign direct investment...

April 19, 2022    Economy & Banking Current Affairs

Karnataka High Court quashes ED freeze on Greenpeace Bank Accounts

The Karnataka High Court has quashed the order of Enforcement Directorate (ED) which froze the bank accounts of Greenpeace India. The court noted that the validity of the ED order...

February 25, 2019

RBI tightens reporting norms for Liberalised Remittance Scheme

The Reserve Bank of India (RBI) has tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which individual can transfer up to US $2,50,000 abroad in a...

April 13, 2018

RBI eases FEMA norms to spur investment from overseas

The Reserve Bank of India (RBI) has simplified Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations to make it easier for...

November 10, 2017

RBI prohibits investments in non-cooperative countries and territories

The Reserve Bank of India (RBI) has prohibited Indian entities from making direct investments in any entity located in Non-Cooperative Countries and Territories (NCCT) as identified by Financial...

January 27, 2017

Wal-Mart gets clean chit in FEMA case

World’s largest supermarket chain Wal-Mart, got a clean chit from ED (Enforcement Directorate) in the FEMA (Foreign Exchange Management Act) violation case. Why a clean chit to Wal-Mart in FEMA...

October 18, 2013

Lok Sabha clears FDI in retail

Lok Sabha gave the approval to FDI in multi-brand as the opposition motion seeking immediate back down of the decision was rejected convincingly as BSP and SP walked...

December 7, 2012    India Nation & States Current Affairs

Enforcement Directorate sent 220 FEMA Notices in past 3 Years

Enforcement Directorate (ED) sent 220 show cause notices under Foreign Exchange Management Act (FEMA) in past 3 years. These notices were issued in context with the illegal funds...

December 2, 2012

Apex court refuses to interfere with policy on FDI in retail

Asserting that Policy making is exclusive right of the executive, the Supreme Court refused to interfere with the policy on FDI in retail. The Centre informed the court...

November 6, 2012    Legal & Constitution Current Affairs