Forex regulations
Resident Indians may get to trade in currency futures
RBI panel says FIIs, NRIs can come in once appropriate systems are in place More

FEMA
FIPB refers ExlService’s plan to RBI
‘Has 2 subsidiaries without nod’ More

Forex regulations
Investing abroad under the raised cap
Both capital account and current account transactions are allowed under the liberalised remittance scheme, which allows a range of investments abroad by a resident Indian — from buying foreign stocks to acquiring property and trading in stock/c ommodity futures overseas. More

RBI relaxes norms for project, service exports
The Reserve Bank of India today simplified the procedures for project and service exports, such as deployment of temporary cash surpluses and inter-project transfer of machinery and funds. These measures, first announced in the Mid-Term Review ... More

Regulations on interest rates, deposits and remittances
Remittances up to $ 50,000 allowed
The Reserve Bank of India has come out with guidelines on resident individuals remitting up to $ 50,000 against the earlier $ 25,000, a measure announced in the mid-term review of annual policy statement, 2006-07. Resident individuals can now ... More