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Foreign Exchange Management Act Parliament of India enacted the Foreign Exchange Management Act (“FEMA”) on December 29, 1999, replacing Foreign Exchange Regulation Act (“FERA”). FEMA focused on increasing India’s foreign exchange reserves, promoting foreign payments and foreign trade. The Reserve Bank of India (“RBI”) launched plans to promote ease of doing business, which felt a
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Foreign Direct Investment: A Foreign Direct Investment (FDI) is based on controlling ownership in a business in one country by an entity in another country. FDI provides a situation wherein both the host and the home nations derive some benefits. The home countries take advantage of the massive markets opened by industrial development whereas the
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Being one of the most diligent sources of revenue for the Indian economy, foreign direct investment (FDI) is gaining importance with each passing day. Investments made by any individual or firm in one country into business streams situated in a foreign country are termed as FDI. Generally, FDI takes place when the following conditions are satisfied by
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