Page-2 of FEMA
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 out. The House also rejected the motion seeking amendment to the rules ..
Month: Current Affairs - December, 2012
Category: 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 transfer in India through illegal channel. The ED did not register the ..
Month: Current Affairs - December, 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 that Reserve Bank of India had notified the amendments to the regulations ..
Month: Current Affairs - November, 2012
Category: Legal & Constitution Current Affairs