Regulation of Payment Aggregator – Cross Border (PA – Cross Border)
RBI bought all entities facilitating cross-border payment transactions for import and export of goods and services under direct regulation of the RBI.
Remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS) – Studies Abroad
RBI has permitted remittances by resident individuals for studies abroad under LRS
Remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS)
RBI has permitted remittances to IFSCs under the LRS
Authorised Dealers Category-II – Online submission of Form A2
RBI allowed online submission of Form A2
Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India
RBI allowed access to Unified Payments Interface to foreign nationals and NRIs visiting India
Foreign Investment in India – Rationalisation of reporting in Single Master Form (SMF) on FIRMS Portal
RBI has rationalised reporting in SMF wherein forms will be auto-acknowledged
Multiple NBFCs in a Group: Classification in Middle Layer
RBI prescribes criteria to determine the threshold for their classification in the middle layer
Late Submission Fee for reporting delays under Foreign Exchange Management Act, 1999 (FEMA)
RBI issued circular vide which uniformity in LSF was bought across functions i.e. FDI, ODI and ECB
Foreign Exchange Management (Overseas Investment) Directions, 2022
RBI issued new ODI directions which superseded the erstwile – Master Direction – Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad
External Commercial Borrowings (ECB) Policy – Liberalisation Measures
RBI issued circular liberalising ECB norms