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<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> </head>  <body> <div style="font-family:Verdana, Geneva, sans-serif; font-size:12px; text-align:justify"> <table width="800" border="0" style="border:1px solid #ccc;padding:5px;" align="center" cellpadding="6" cellspacing="0">  <tr>   <td align="left" valign="top">   <br />   Reserve Bank of India <br /><br /> RBI issues Master Directions on Foreign Exchange<br /><br /> MANU/RPRL/0006/2016 - (04 Jan 2016)<br /><br />  </td>  </tr>    <tr>   <td align="left" valign="top"></td>  </tr>    <tr>   <td align="left" valign="top" style="background-color:#FDEDCE"><strong>The Reserve Bank of India released 17 <a href="https://rbi.org.in/Scripts/BS_ViewMasterDirections.aspx">Master Directions</a> covering foreign exchange transactions. The Directions consolidate RBI Circulars passed over the years under FEMA. The move hopes to simplify processes, encouraging compliance and improving clarity in regulatory communication. <BR><BR>

The Directions follow on the heels of Dr. Raghuram G. Rajan (Governor, RBI) announcing in his <a href="https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/770PR38F20E2C52D54CD8BEDFBB3F8B5E9A26.PDF">policy statement for 2015-2016</a> the bid to “update all [of RBI’s] master regulations, and streamline the required procedure for compliance with the regulations by January 1, 2016.</strong></td>  </tr>  <tr>   <td align="left" valign="top" ><strong></strong></td>  </tr>   <tr>   <td align="left" valign="top" ><strong>Tags : Rbi, master directions, fema, 2016</strong></td>  </tr> <tr>   <td align="left" valign="top">&nbsp;</td>  </tr>  <tr>      <td align="left" valign="top"><strong>Source : newsroom.manupatra.com</strong></td>  </tr> <tr>   <td align="left" valign="top">&nbsp;</td>  </tr>  <tr>   <td align="left" valign="top">Regards</td>  </tr>  <tr>   <td align="left" valign="top">Team Manupatra</td>  </tr>  <tr>   <td align="left" valign="top">&nbsp;</td>  </tr>   </table> </div> </body> </html>