Foreign Exchange Management Act in Business Environment.

Foreign Exchange Management Act in Business Environment.

Foreign Exchange Management Act

Foreign Exchange Management Act (FEMA) ek prakriya hai jiska uddeshya foreign exchange ke management aur regulation ko badhana hai. FEMA ka udgam Foreign Exchange Regulation Act (FERA) se hua hai, jo 1973 mein laagu hua tha. FEMA 1999 mein pass kiya gaya tha aur yeh FERA ko replace karta hai. Iske tahat, foreign exchange se related saare transactions aur capital account transactions ki niyam aur sharton ko regulate kiya jata hai.

Foreign Exchange Management Act

FEMA ke anusaar, koi bhi vyakti ya company foreign exchange ke liye kisi bhi prakar ka transaction karna chahta hai, to uske paas Reserve Bank of India (RBI) se permission lena padega. FEMA ki guidelines ke anusar, koi bhi vyakti ya company desh se bahar aur desh mein foreign exchange le sakta hai. Iske alawa, FEMA ke antargat, koi bhi foreign exchange transaction karna ya koi bhi foreign exchange se related case ho, to usko RBI ko report karna padega.

FEMA ke madhyam se, desh mein foreign exchange ki supply aur demand ko regulate kiya ja sakta hai. FEMA ke antargat, RBI aur government ko foreign exchange se related saare transactions aur capital flows ka control milta hai. FEMA ke tahat, foreign exchange se related illegal activities jaise money laundering, hawala transactions, aur terrorism financing ko bhi roka ja sakta hai.

FEMA ka ek mukhya uddeshya desh ki arthvyavastha ke liye suraksha aur stability ko badhana hai. Iske madhyam se, foreign exchange se related risks ko kam kiya ja sakta hai aur desh ki arthvyavastha ko stable aur strong banaya ja sakta hai.

State the regulatory policy measures prevalent before July 1991. Outline the changing role of Government in regulating the market economy in the post-liberalised era.

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