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FEMA GUIDELINES
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...- No law bans withdrawal of cryptocurrency: BinanceIndian crypto exchanges are blocking user withdrawals fearing misuse for money laundering. Global exchange Binance, however, permits free w...
- Outward remittances: NBFCs don't need prior RBI nod for dealer tie-upsThe framework shifts regulatory focus away from ex-ante approvals toward compliance, transparency and consumer protection obligations at re...
- Government specifies 40 sub-sectors for faster clearance of FDI proposals from land-bordering nationsIndia is fast-tracking foreign investment proposals from China and neighboring nations. Forty key manufacturing sub-sectors, including rare...
- Sebi mulls allowing OBPPs to offer products regulated by IFSCA, tax-saving bondsMarkets regulator Sebi on Tuesday proposed allowing Online Bond Platform Providers (OBPPs) to offer products or services regulated by Inter...
- India notifies 100% foreign investment in insurance sector, LIC limit stays at 20%The central government has notified 100% Foreign Direct Investment (FDI) in insurance companies under the automatic route, allowing foreign...
- NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
- RBI rejects NBFC pleas on funds, norms tighteningThe Reserve Bank of India has rejected several suggestions from Non-Banking Finance Companies. Equity investments in group entities will no...
- FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...
- HDFC Bank alerts clients on card swipe for overseas dealsIn recent times many resident individuals, banking with various financial institutions, have used cards to carry out international capital ...
- Aakash puts TLPL's Rs 25-cr share allotment in right issue on hold; alleges violationsThink & Learn (Byju's parent company) had acquired AESL in 2021 in a deal valued at around USD 1 billion - the blockbuster buy marked one o...
- George Soros-backed Open Society Foundations, linked entities raided by EDThe Enforcement Directorate carried out searches at the offices of the Open Society Foundations (OSF) in Bengaluru over alleged violations ...
- Press note timely, but clarity needed to achieve objectivesMost countries took active steps to ensure that their assets were not sold cheap.
- Overseas Citizens of India may now subscribe to National Pension SystemThe National Pension Scheme was first notified for all government employee joining service from Jan 1 2004 and was later extended to all In...
- SIT asks ED, DRI to pull up erring companiesThe SIT has directed ED to take action under Foreign Exchange Management Act (FEMA) with respect to 216 companies for the period before Mar...
- Enforcement Directorate slaps Rs 660 crore notice on Videocon for forex violationsThe notice, under provisions of the FEMA, has been issued after it was found that the group has "contravened" the law as it failed to compl...
- Walmart's investment in Cedar violates FEMA, RBI rules: CBIThe CBI, in its letter, said the matter was "analysed" by the agency and it "revealed violations of RBI guidelines and FEMA regulations".
- DIPP asks RBI to probe Walmart's Rs 456-cr investment in Bharti armThe Commerce Ministry has referred to RBI the issue of alleged violation of FDI norms by Walmart in its Rs 456-cr investment made in a Bhar...
- Banks, companies abusing currency tools face actionThe Reserve Bank of India(RBI) has said that banks and companies have violated Foreign Exchange Regulations Act (FEMA) while transacting in...
- Go to RBI for penalty exemption: FIPB tells Cholamandalam DBSThe FIPB has rejected Cholamandalam DBS Finance's plea to exempt the credit firm from paying charges for an alleged violation of Foreign Ex...
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