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On July 23, 2024, Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2024–25. This budget, marking a historic third term for PM Modi’s government, reflects the Indian electorate’s trust and sets the economic trajectory for the nation. The Union Budget 2024 centers around four key themes: employment, skilling, MSMEs, and the
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Introduction The Foreign Exchange Management Act (FEMA) is the critical piece of legislation in India, regulating foreign exchange transactions, investments, and payments. It encompasses various aspects of international financial dealings, including the requirement for companies to submit a mandatory Annual Performance Report (APR). It was introduced in 1999 to replace the previous Foreign Exchange Regulation
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