IndiaMART Export & Import - India Finance & Investment Guide
Finance@IndiaMART.Com - Go to The Home Page of Finance





Export & Import
Market Watch
Taxation
Investment in India
India File
Establishing New Ventures
Organizations
General Information
Indiamart Home
Travel & Tourism
Health Care
Auto Junction
Apparel & Textile
Indian Handicraft
Bulletin News
On-line Shopping
Indian Exporters
Indian Importers
Foreign Exporters
Foreign Importers


Indian Travel Guide
Adventure India
Fairs & Festivals
Hotels in India
Exim Policy Export from India Import to India
Incentives Industrial Policy Organizations

Export & Import

Eport from India | Exim Policy | Incentives | Import to India | Organisations | Industrial Policy

Export from India

Export Policy | What to Export | Where to Export | Export Charges | Fera Regulations | Negative List of Exports

FERA Regulations

Foreign Exchange Regulation Act, (FERA), 1973 controls India’s foreign exchange control regime. Comprehensive amendments have been made to FERA, especially with respect to foreign investment, to add strength to the liberalizations announced in the economic policies. FERA provisions that imposed restrictions on locally incorporated companies with foreign equity holding in excess of 40 per cent (known as "FERA companies") have been removed. Such companies are now permitted to operate in India without any special restrictions, effectively placing them on par with wholly Indian owned companies.

Foreign exchange controls have been substantially relaxed. Effective from August 20, 1994, India announced its movement to Article VII status in the IMF: the Indian Rupee is now fully convertible on the current account. For authorized foreign investors, the Indian Rupee is already convertible on the capital account. Full capital account convertibility is expected in the coming years.

Although the Indian foreign exchange market is not yet fully developed, a variety of instruments have been introduced in the recent past. The dollar rupee forward market is very active, and firms have access to cross-currency options.



















Please click here to go to previous page Please click here to go to next page







IndiaMART

Search B2B Marketplace
Business Marketplace
Wholesale Catalogs
Industry Portals
Travel to India Send Gifts to India