Fri, Sep 13, 2024
As per the Foreign Exchange (Compounding Proceedings) Rules, 2024, the fees for filing compounding application has been doubled to Rs 10,000 plus GST, from Rs 5,000 earlier.
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Fri, Jun 09, 2023
The Enforcement Directorate (ED) on Friday said it has issued show-cause notices to Chinese mobile manufacturer Xiaomi, its chief financial officer and director Sameer Rao, former MD Manu Jain and three foreign banks for alleged foreign exchange violation of more than Rs 5,551 crore.
Tue, May 09, 2023
The ED is investigating a case of misuse of Liberalized Remittance Scheme (LRS) under the provisions of the FEMA against Zavareh Soli Poonawalla and his family. His name was found in the Panama Papers revelations regarding off-shore entities
Wed, Sep 07, 2022
The Reserve Bank of India (RBI) has issued a warning against applications and platforms that are involved in illegal foreign exchange (forex) transactions and released an ‘Alert List’ consisting of names of 34 firms that are operating electronic trading platforms (ETPs) without due clearance from
Wed, Aug 03, 2022
ED is investigating two cases related to crypto-currency against WazirX under the provisions of Foreign Exchange Management Act, 1999 (FEMA), he said in a written reply to the Rajya Sabha
Mon, Apr 18, 2022
The LIC public issue is expected to be the biggest IPO in the history of the Indian stock market.
Fri, Aug 27, 2021
Zee Business’ campaign #OperationHaftaVasooli has received huge success as the Enforcement Directorate has raided the premises of PC Financial, the parent company of online personal loan application CashBean. The agency has seized around Rs 107 crore for violating the FEMA Act.
Fri, Aug 20, 2021
The Ministry of Finance has notified amendments to the Foreign Exchange Management Rules to increase in limit on foreign direct investment (FDI) in the insurance sector to 74 per cent.
Thu, Apr 23, 2020
The Finance Ministry on Wednesday notified changes in FDI rules, which made prior approval of the government mandatory for foreign investments from countries that share border with India.
Fri, Sep 06, 2019
ED grills Former Jet Airways chairman Naresh Goyal for FEMA violations. Watch video to know more.
Thu, Feb 22, 2018
When the illegal activities of Nirav Modi surfaced, the bank brought them to the notice of the law enforcement agencies as they apparently violated FEMA and anti-money laundering law.
Sat, Jan 07, 2017
This facility will be available for those who are not residents of India till June 30 "in order to allow them adequate time to plan a visit as per their convenience", it said.
Sun, Jan 01, 2017
The Reserve Bank of India (RBI) on Saturday said that it will introduce a facility for exchange of old specified bank notes (SBN) for Indian residents and non-residential Indians (NRIs), who were abroad from November 9 to December 30.
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