Tag: foreign exchange management
Posted in Economy
Govt restricts silver imports amid push to curb metal inflows
Kolkata: Close to the recent changes in import duties on precious metals, the government has placed new restrictions on silver import. The policy shift comes…
Posted in Economy
Govt eases FDI norms under FEMA for up to 10% Chinese stake
The government on Saturday tweaked rules under the Foreign Exchange Management Act (FEMA), giving effect to its recent decision to allow overseas entities having a…
Posted in Economy
Asking a friend to book overseas purchases risks FEMA violations
Mumbai: Bidding online for a painting hosted by a London auctioneer. Booking a limited edition watch hosted by a Singapore dealer on a members-only e-com…
Posted in Economy
RBI flags seven more platforms in growing forex ‘alert list’
The Reserve Bank of India on Wednesday expanded its alert list of unauthorised online forex trading platforms, adding seven more names and pushing the total…