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FEMA CHALLENGES
Can NRIs use Indian mobile numbers abroad for banking? OTP delays, SIM deactivation and account access issues, know what to doNRIs managing finances abroad often face OTP issues with their Indian mobile numbers. While banks are increasingly supporting international...08 May, 2026, 11.39 AM IST- 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...30 Apr, 2026, 12.07 PM IST
- Income Tax dept seeks details from NRIs, offshore firms on unlisted share deals, flags valuation and fund source concernsIndia’s tax department has asked NRIs and offshore entities to justify investments in unlisted shares, seeking details on fund sources and ...22 Apr, 2026, 10.36 AM IST
- US prediction market players make a play for Indian IPL fansIndian fans are turning to US platforms like Polymarket and Kalshi for IPL betting. These sites allow wagers on match winners and player st...07 Apr, 2026, 06.24 AM IST
- Karnataka HC grants relief to Café Coffee Day in FEMA caseThe Karnataka High Court has ordered the Enforcement Directorate (ED) to postpone a personal hearing for Café Coffee Day executives, origin...21 Jan, 2026, 08.32 PM IST
- What led to David Richardson's resignation as FEMA head - Know the real reason behind his ouster and controversies during his brief tenureDavid Richardson has resigned as acting head of FEMA. His departure follows criticism over the agency's response to catastrophic floods in ...18 Nov, 2025, 10.25 AM IST
- US: President Trump visits California amid wildfires, mulls abolishing FEMATrump, while on a walking tour of the wildfire-hit Palisades neighbourhood with First Lady Melania Trump, said the damage is "not even beli...25 Jan, 2025, 07.01 AM IST
- As Donald Trump pushes for FEMA restructure, here’s a look at its history and functionThe Federal Emergency Management Agency (FEMA) plays a crucial role in disaster response across the United States. Established in 1979, the...25 Jan, 2025, 12.43 AM IST
- ‘FEMA complicates everything’: Trump eyes executive order to get rid of itU.S. President Donald Trump has announced plans to restructure the Federal Emergency Management Agency (FEMA), criticising its performance ...24 Jan, 2025, 10.34 PM IST
- Kerala HC grants relief to Thomas Isaac in masala bond case probeThe court scheduled a detailed hearing for May 22 on the pleas filed by Isaac and the Kerala Infrastructure Investment Fund Board (KIIFB) i...09 Apr, 2024, 07.11 PM IST
- Xiaomi files appeal against ED's seizure of Rs 5,551.27 croreThe counsel for the company argued that the seizure was unnecessary and under Section 37A of FEMA even the necessity of suspicion is not re...12 Jan, 2024, 07.38 PM IST
- Xiaomi India has no pact with Qualcomm, hence no question of royalties: EDThe agency, which probes forex law violations, was objecting to the Chinese handset maker’s petition in the Karnataka High Court, challengi...08 Nov, 2022, 09.52 PM IST
- Xiaomi approaches Karnataka High Court again over seizure of assetsThe ED had earlier this year ordered the seizure of Rs 5,551.27 crore in the accounts of Xiaomi for allegedly violating FEMA rules and tran...07 Oct, 2022, 10.38 AM IST
- Xiaomi India moves HC against seizure of over ₹5,500-cr assetsXiaomi India will also approach the appellate tribunal empowered under FEMA, challenging the competent authority's confirmation of the ED o...05 Oct, 2022, 09.38 AM IST
- Amazon-Future Retail deal comes under ED scanner for FEMA violationsThe Delhi High Court had last month observed that Amazon appeared to have indirectly obtained control over Future Retail without the approv...28 Jan, 2021, 06.58 PM IST
- RBI amendments in FEMA to allow FDI in multi-brand retail may spell more trouble for UPAGovernment may face fresh trouble in Parliament over the recent RBI amendments in FEMA to allow FDI in multi-brand retail, with CPI(M) toda...27 Nov, 2012, 05.40 PM IST
- Supreme Court refuses to stay FDI policy in retail; asks RBI to amend FEMA regulationsSC, however said that the policy suffers from "curable" irregularity of want of legal sanction and asked the RBI to amend the FEMA regulati...15 Oct, 2012, 04.58 PM IST
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