The government seeks to allow 74% investment through automatic route in the defense sector. This shall come into force once the FEMA notification is published.
Foreign Investment August 24, 2020
The Amendment Rules envisage the addition of a new provision, to the Bihar Financial Rules, 1950, that empowers the State Government to impose restrictions on procurement from bidders from specified countries. These restrictions are to …
The Reserve Bank of India has extended the the due date for submission of annual return on Foreign Liabilities and Assets (FLA) for the year 2019-20 to August 14, 2020.
The Foreign Exchange Management (Mode of Payment and Reporting of NonDebt Instruments) (Amendment) Regulations, 2020
The RBI has amended the provisions governing investment by Foreign Portfolio Investors and by a person resident outside India in an Investment Vehicle.