Published in:
The Economic Times
Pubished on:
4 Feb 2016
With an aim to ease of doing business, the reserve bank today came out with nine updated regulations under the foreign exchange management act (FEMA),1999.
“Keeping in view the objective of promoting ease of doing business, a need was felt to consolidate the regulations and rationalize them in light of the ease of doing business environment and changing practices in cross-border transactions relating to external trade and payments, RBI said.”