Foreign Exchange Management

Last Updated: July 01, 2023, 05:04 ISTPaying off your credit card bills is an effective way to avoid default or high-interest rates. (Representative image)The amendment to the Foreign Exchange Management (Current Account Transactions)…

Mumbai: International credit card swipes for some payments will soon be subject to tax collection at source (TCS) with the government removing the exemption to card spends from current account transaction rules. This means credit card…

NEW DELHI: In a bid to promote ease of doing business, the finance ministry on Monday notified the consolidated rules for overseas investmentby Indian entities. The Foreign Exchange Management (Overseas Investment) Rules, 2022 will subsume…

Companies will now have to ensure that they have government approval under the Foreign Exchange Management rules before offering securities to any entity from a country that shares a land border with India. The ministry of corporate affairs…

The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC. The government is planning to dilute its stake in LIC through the…