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Foreign Exchange Management Act
Important Press Release 

Date

Title

30.09.2008 RBI Statement on ICICI Bank's Financial Position
12.08.2008 RBI cautions Public against Fictitious offers of Remitting cheap funds from abroad
07.12.2007 RBI cautions Public against Fictitious Offers of Remitting Cheap Funds from Abroad
30.06.2006 India’s External Debt as at the end of March 2006: Highlights
28.03.2006 Interest Rate Ceiling on FCNR(B) Deposits Revised
02.08.2005 Appointment of Foreign Nationals as directors on the board of Indian companies- Provision under FEMA
26.07.2005 FCNR (B) deposit scheme
07.04.2005 FDI upto 100% in real estate
24.02.2005 Mapin postponed to 31st December, 2005
01.11. 2004 Interest Rate on Non-Resident (External) Rupee (NRE) Deposits
01.11. 2004 Mid-term Review of Annual Policy Statement for the year 2004-05 – Reduction of Tenor of Domestic/ Ordinary Non-Resident (NRO) Term Deposits
01.11. 2004 Foreign Currency Non-Resident (Banks) Accounts
01.11. 2004 Mid-term Review of Annual Policy Statement for the year 2004-05 - Foreign Currency Non-Resident (Banks)- FCNR(B) Accounts
01.11. 2004 Mid- term Review of Annual Policy Statement for the year 2004-05 – Foreign Currency Non-Resident (Banks) Accounts
01.11. 2004 Interest rates on Non-Resident (External) Rupee (NRE) Deposits
01.11. 2004 Interest Rate on Non-Resident (External) Rupee (NRE) Deposits
01.11. 2004 Interest Rate on Non-Resident (External) Rupee (NRE) Deposits
01.11. 2004 Mid-term Review of Annual Policy Statement for the year 2004-05 – Reduction of Tenor of Domestic/ Ordinary Non-Resident (NRO) Term Deposits
01.11.2004 Mid-term Review of Annual Policy Statement for the year 2004-05- Reduction of Tenor of Domestic/ Ordinary Non-Resident (NRO) Term Deposits
01.11.2004 Interest Rate on Non-Resident (External) Rupee (NRE) Deposits
01.11. 2004 Mid-term Review of Annual Policy Statement for the year 2004-05 - Foreign Currency Non-Resident (Banks)- FCNR(B) Accounts  
(Notification on RBI website awaited)
01.11.2004 Interest rates on Non-Resident (External) Rupee (NRE) Deposits  
(Notification on RBI website awaited)
05.10.2004 Notification No. DNBS. 179/CGM (OPA) - 2004 dated October 05, 2004
09.07.2004 6.5% Savings Bonds, 2003 (Non Taxable)
24.04.2004 RBI disallows Certain Entities from accepting Fresh Deposits from NRIs
20.04.2004 Interest rates on NRI deposits offered by NBFCs
20.04.2004 Non-Banking Financial Companies, Miscellaneous Non-Banking Companies and Residuary Non-Banking Companies - Interest rate on NRI deposits
17.04.2004 RBI Rationalises Non-Resident Deposit Schemes
10.04.2004 TDS not applicable on 8% Savings (Taxable) Bonds
23.12.2003 RBI raises ceiling for miscellaneous forex remittances by residents from $ 500 to $ 5000
10.12.2003

Nomination in favour of NRI by Investors in Savings Bonds

18.10.2003 Ceiling on Interest Rate on NRE Deposits
14.10.2003 Offshore Banking Units (OBUs) in Special Economic Zones (SEZs)
18.09.2003

Current Facilities available to Non-resident Indians (NRIs) including Persons of Indian Origin (PIOs) for investments in India

17.09.2003 Notification No. DNBS.174/CGM(OPA)-2003 dated September 17, 2003
16.09.2003 Investment Activities of Overseas Corporate Bodies (OCBs) : Follow up Action
15.09.2003 Ceiling on Interest Rate on NRE Deposits
22.08.2003 RBI ROs to permit Share Transfer from Residents to Non-residents
29.07.2003 Capitalisation of import payables – liberalisation of policy
25.07.2003 PUBLIC PROVIDENT FUND (AMENDMENT) SCHEME, 2003
25.07.2003 Post Office Savings Bank General (Amendment) Rules, 2003
25.07.2003 National Savings Certificates (VIII Issue) (Third Amendment) Rules, 2003
25.07.2003 Kisan Vikas Patra (Second Amendment) Rules, 2003
17.07.2003

Directive on Interest Rate on Deposits under Non-resident
(External) Rupee Account (NRE Accounts)

17.07.2003 Interest Rate on Deposits under Non-Resident (External) Rupee Accounts (NRE Accounts)
22.05. 2003 Non-Resident Indian Deposits: Arbitrage Opportunities
21.05. 2003 Payment Facilities - Foreigners in India
29.04. 2003 Deposits under Non-Resident (External) Rupee Accounts (NRE Accounts)
19.04. 2003 Monitoring of Investment by Non Residents under Portfolio Investment Scheme – Threshold Limit
12.04.2003 ICICI Bank's Financial Position Sound : RBI
08.04.2003 Extension of credit / non-credit facilities to Indian Joint Ventures (JVs) / Wholly Owned Subsidiaries (WOSs) abroad and extension of buyer's credit and acceptance finance to overseas parties by banks in India
21.03.2003 8 %Savings (Taxable) Bonds, 2003 (Draft Notification) 
25.03.2003 Interest Rates on Deposits
13.03.2003 6.5% Savings Bond, 2003 (Non-taxable)
28.02.2003 7% Savings Bonds, 2002
28.02.2003 8% Relief Bonds, 2002
20.12.2002 NRIs / PIOs can now pay Credit Card Dues from their NRO Funds
18.11.2002 Release of Foreign Exchange for private visits abroad – Increase in limit
15.11.2002

RBI announces further relaxations in Exchange Control

01.11.2002 New Facility of Foreign Currency Accounts for Resident Individuals
21.10.2002 DBOD Notification :Certification of Borrower's Account by Chartered Accountants
21.10.2002 e-Gold Violative of Indian Rules : RBI
17.10.2002 Do You Know ?????
27.09.2002 Procedure and Documentation Simplified for Release of Foreign Exchange
25.09.2002

Authorised Dealers to allow Short Term Credit for Imports into India

16.09.2002 Investment by NRIs/PIOs in shares of Indian companies
16.09.2002 Prepayment of ECB under Automatic Route raised to US$ 100 million without any condition
09.09.2002 No Documentation for Small Value Remittance
06.09.2002

Procedure for Release of Foreign Exchange for Medical Treatment Abroad Liberalised

06.09.2002 EEFC Account Scheme for EOUs further liberalised
06.09.2002

Liberalisation of Loans from Close Relatives outside India

15.08.2002 EEFC Accounts for Professionals
02.07.2002

Facilities to NRIs/PIOs and Residents

18.06.2002

Use of International Credit Cards on Internet

30.05.2002

Indian Exporters allowed to receive Part ExportValue in Shares in Start-up Companies

01.04.2002

Facilities for 'Status Holder' Exporters
25.03.2002

RBI simplifies Procedure for Exhibition and Sale of Goods outside India

22.03.2002 Lock-in Period for Repatriation of Sale Proceeds of Immovable Properties for NRIs/PIOs removed
21.03.2002 NRIs/PIOs can remit $100,000 per year out of Inherited Assets

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