Earlier in March this year, India’s Ministry of Finance established an interdisciplinary committee that includes a number of authorities including representatives from the central bank – which has issued warnings against the use of bitcoin in the past – to study the legal framework surrounding virtual currencies. Chaired by the Special Secretary of Economic Affairs … Read More →
Overseas Investment Policy Till 1991, India’s economic integration with the rest of the world was very limited. But the new economic policy and the liberalisation measures so introduced made way for the globalisation of Indian businesses. Earlier, exports were a predominant way of expanding business abroad and hence the emphasis was on export promotion strategies … Read More →
Doing business abroad and growing internationally is an essential part of a company’s business expansion policy. It is governed by a company’s aim to diversify its commercial activities across national frontiers and increase its competitiveness. Hence, planning of manufacturing facilities, logistical systems, financial flows and marketing policies in such corporations are done by taking into … Read More →
With an expect to advance simplicity of doing business, the Reserve Bank recently turned out with nine overhauled regulations under the Foreign Exchange Management Act (FEMA), 1999. Therefore, RBI said, respective original notifications and subsequent amendments stand repealed. “Keeping in perspective the target of advancing ease of doing business, a need was felt to solidify … Read More →
Abstract The government of India has formulated the Foreign Exchange Management Act (FEMA), which relates to the foreign direct investment in the country. Foreign Exchange Management Act (FEMA) has helped the country by encouraging external payment and trade. Formulation of Foreign Exchange Management Act (FEMA) In 1999, the Indian government formulated the Foreign Exchange Management … Read More →
In some of the Middle East nations as well as places like Malaysia and Singapore the domicile restrictions are forcing NRIs working there to secure a home back in India when the going is good. The RBI and FEMA regulations have categorically specified the kinds of investment that is permitted for NRIs in the real … Read More →