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Foreign Exchange Regulation Act was first introduced in 1947. This was later replaced by The Foreign Exchange Regulation Act (FERA),1973. FERA imposed stringent regulations on foreign exchange transactions. Its main objective was to conserve foreign exchange which was scarce during that period to prevent its misuse. In the light of economic liberalization and improving foreign reserves position, there was a demand for modification of FERA. Accordingly, a new act, Foreign Exchange Management Act (FEMA) 1999 replaced FERA. The Act comprises of 49 sections divided into 7 chapters.
Under the restructured Skill India Programme, what major change has been introduced?
REC Limited secured a Green Loan of approximately __________ billion Japanese Yen for financing eligible green projects in India.
Which city has gained the top spot on the Global Liveability Index released by the Economist Intelligence Unit (EIU)?
What was the revised completion timeline for the Vizhinjam International Seaport project as per the supplementary concession agreement?
What innovative feature does the Sanraksha Mobile App offer for Indian Railways?
What is the new maximum limit of Retirement Gratuity & Death Gratuity for Central Government employees as instructed by the Department of Pension and Pe...
What initiative has the Indian Navy launched to provide healthcare access to veterans?
Who won the Grammy Award 2025 for Best Song of the Year?
The government may consider a _____ uniform digital payment facilitation fee to fund the infrastructure required for such transactions and also to ensur...
