Fema Updates

Recent Updates

1. RBI cuts repo rate by 25 basis point for first time in last 17 months

[Ref:-https://fema.taxmann.com/fileopennew.aspx?id=222330000000017883&mode=home&page=ts]

2. RBI allows resolution applicants under CIRP to raise funds through ECBs for repayment to lenders

[Ref:-https://fema.taxmann.com/fileopennew.aspx?id=222330000000017892&mode=home&page=ts]

3. RBI issues operational guidelines to banks for implementation of ‘Interest Subvention Schemes for MSMEs’

[Ref:-https://fema.taxmann.com/fileopennew.aspx?id=222330000000018014&mode=home&page=ts]