GK and monthly revision

FEMA rules revision: Exporters flag at least half-a-dozen worries

Indian exporters have raised concerns over the revised Foreign Exchange Management Act (FEMA) regulations implemented by the Reserve Bank of India (RBI). They fear that these changes could lead to a contraction in export credit and impose restrictions on future exports due to delayed payments. Additionally, procedural hurdles in merchanting trade and the Electronic Data Processing and Management System (EDPMS) could disrupt trade and liquidity, highlighting the need for a reconsideration of these regulations.