Page-2 of FEMA Current Affairs, GK & News
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 notified by the Reserve Bank under Foreign Exchange Management Act (Fema) to enable FDI in ..
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 cases related with illegal money transfer from external sources in respect to the state government. ..
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 permitting foreign direct investment in multi-brand retail. Amendments in the Foreign Exchange Management (Transfer or ..