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FEMA regulations News

Reserve Bank of India

01 Jan 2017

RBI introduces facility for NRIs to exchange old Rs 500, Rs 1000 notes up to June 2017

The Reserve Bank of India has introduced a facility of exchange of specified bank notes (SBNs) to give an opportunity to Indian citizens and non resident Indian (NRI) citizens who were abroad during November 9, 2016 to December 30, 2016.

01 Jan 2017

RBI allows NRIs to exchange defunct notes up to June 30

The Reserve Bank of India (RBI) has come out with conditions for exchange of defunct notes for those, including non-resident Indians, who failed to do so till Friday, the last day for depositing the invalid currency notes in banks.

06 May 2015

Govt allows REITs to raise funds from overseas investors

In a major boost to Real Estate Investment Trusts, the government Wednesday approved changes to FEMA regulations that will allow such instruments to tap foreign funds.

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