These FAQs explain the Liberalised Remittance Scheme (LRS) notified by the Reserve Bank of India, which allows resident individuals to remit funds abroad up to a prescribed limit per financial year for permitted current and capital account transactions. The FAQs clarify eligibility, remittance limits, permitted and prohibited purposes, documentation requirements, tax implications, and reporting norms, helping residents undertake overseas transactions in compliance with foreign exchange regulations. Last Updated on: April 06, 2023

These FAQs provide guidance on the regulatory framework issued by the Reserve Bank of India governing External Commercial Borrowings (ECB) and Trade Credits under the Foreign Exchange Management Act (FEMA). They explain eligibility of borrowers and lenders, permitted end uses, maturity norms, borrowing limits, cost ceilings, reporting requirements, and compliance obligations. The FAQs aim to help entities access overseas financing and trade credit facilities in a regulated and transparent manner while ensuring macroeconomic and financial stability.

These FAQs explain the mechanism for compounding of contraventions under the Foreign Exchange Management Act, 1999 (FEMA) as administered by the Reserve Bank of India. They clarify what constitutes a compoundable offence, eligibility and procedures for filing a compounding application, timelines, calculation and payment of the compounding amount, and the legal effect of compounding. The framework aims to provide a voluntary, time-bound, and non-litigious method for resolving FEMA violations and ensuring regulatory compliance. - Last updated on: October 01, 2024

These FAQs outline the rules and procedures prescribed by the Reserve Bank of India for opening, maintaining, and operating bank accounts in India by non-residents under the Foreign Exchange Management Act (FEMA). They explain the different types of non-resident accounts, eligibility criteria, permissible credits and debits, repatriation of funds, and compliance requirements, enabling non-residents to manage their financial transactions in India in accordance with regulatory guidelines. - As on January 16, 2025

These FAQs explain the regulatory framework issued by the Reserve Bank of India governing the opening, holding, and operation of foreign currency accounts by resident individuals under the Foreign Exchange Management Act (FEMA). They clarify eligibility conditions, permitted credits and debits, situations in which such accounts may be maintained (such as overseas employment or studies), repatriation rules, and compliance requirements, helping residents understand lawful use of foreign currency accounts.

This Master Direction consolidates and compiles the RBI’s instructions on the opening, holding and maintenance of foreign currency and rupee deposit accounts under the Foreign Exchange Management Act, 1999 (FEMA) and related regulations. It provides a single, comprehensive regulatory framework.

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Income Tax Amendment Rules 2026

These FAQs provide an overview of Special Non-Resident Rupee (SNRR) Accounts, as permitted by the Reserve Bank of India, which are designed to facilitate legitimate business-related transactions of non-residents in India. The FAQs explain eligibility, permitted credits and debits, tenure, operational guidelines, and regulatory compliance. SNRR Accounts are primarily used for specific purposes such as international trade settlement, investment-related transactions, and other approved activities, ensuring transparency and adherence to foreign exchange regulations.

These FAQs explain the framework introduced by the Reserve Bank of India under A.P. (DIR Series) Circular No. 10 dated 11 July 2022, which permits international trade transactions to be invoiced, paid, and settled in Indian Rupees (INR). The FAQs clarify key aspects such as eligibility of exporters and importers, operational procedures, the role of Special Rupee Vostro Accounts, compliance requirements, and reporting norms. The framework aims to promote the use of INR in global trade, reduce dependence on foreign currencies, and facilitate smoother trade settlements with partner countries.

MoHFW’s 2026 reforms introduce perpetual licenses, removing periodic renewals to cut costs. Key changes include raising the registration threshold to ₹1.5 crore, granting street vendors deemed registration, and implementing risk-based inspections to reward compliant businesses while ensuring food safety.

The 2026 FSSAI Amendment Regulations streamline food business operations by introducing instant registrations, perpetual license validity (subject to annual fees), and risk-based inspections. It officially recognizes street vendors under existing laws while mandating strict hygiene compliance and periodic third-party audits.

FSSAI has mandated that all independent milk producers and vendors must register or obtain licenses to combat adulteration. Authorities will conduct special registration drives and periodic inspections of milk chillers, with fortnightly compliance reports required to safeguard public health.

Implementation of revised turnover threshold for food businesses under Food Safety and Standards (Licensing and Registration of Food Businesses) Regulations, 2011 - reg.

Indian Railways has significantly expanded its global footprint, recording ₹26,000 crore in exports over nine years. Supported by strong domestic manufacturing, they’ve secured technical MoUs with Switzerland, Germany, Russia, and Spain for high-speed rail, advanced IT, and freight operations.

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