Salient features of FEMA:
· It will facilitate trade rather than prevent misuse of foreign exchange.
· Definitions of capital account transaction and current account transaction have been introduced keeping in mind the possibility of introduction of capital account convertibility in the near future.
· All current account transactions shall be allowed (subject to reasonable restrictions). Reserve Bank to classify those capital account transactions that are to be permitted and to regulate transfer and issue of foreign securities by a resident in/outside India as well as setting up of branches/offices by foreign companies in India.
· All key sections relating to dealings, holding and payments in foreign exchange and exports have been simplified.
· Liberalization in enforcement provisions reflects that the attitude is of putting trust in the persons covered
FEMA is a government agency that provides money for individuals who find themselves in an emergency. The official FEMA website features plenty of non-profit organization willing to lend a hand.
=what is the fema ?=
no act created FEMA, FEMA was created from different people that was not passed by an act
yes, FEMA Region is a island.
do I have to pay fema for the relief I reiceived
FEMA - Federal Emergency Management Agency
what is the chief in charge of tactical operations with fema
FEMA IS100leb answers
FEMA is the acronym for the Federal Emergency Management Agency. The State Coordinating Officer for FEMA is assigned by the governor of the state.
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A page with the answers for FEMA I.S. 317
FEMA