GS-III-Economic Development

RBI Caps FEMA Violation Penalty to ₹2 Lakh

April 25, 2025

Recently, the Reserve Bank of India (RBI) implemented changes to the Foreign Exchange Management Act (FEMA) regulations. The RBI capped penalties for FEMA violations at ₹2 lakh. This new cap replaces the previous system where penalties were calculated as a ..

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