(MENAFN- KNN India) Mumbai, Apr 5 (KNN) The Reserve Bank of India (RBI) on Friday issued a revised draft of regulations under the Foreign Exchange ... permit any advance remittance for importing ...

The Reserve Bank of India ... under the Foreign Exchange Management Act (FEMA), a review of compounding proceedings rules under the FEMA, rationalisation of the Liberalised Remittance Scheme ...

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Remittances sent home by Indian workers overseas have long been a saviour for the Indian economy, which has become dependent on foreign ... 2024-25. RBI’s sixth round of surveys on inward ...

Any remittance exceeding this limit requires prior permission from the RBI. The rules clearly mention that one can remit foreign exchange (forex) only for any permissible current account ...

The Reserve Bank of India's preliminary data has revealed that net inward remittances reached $29 billion in the quarter ending December 2023. According to an analysis of the RBI data, this marks ...