Understand the objectives of FERA and FEMA, focusing on foreign exchange regulations and the liberalization of India’s economy. Sriya Enterprise provides expert advice on regulatory compliance for MSMEs. The Foreign Exchange Regulation Act (FERA) aimed to regulate foreign exchange and payments, ensuring proper use of foreign exchange resources. In contrast, the Foreign Exchange Management Act (FEMA) was introduced to facilitate external trade and payments, promoting the orderly development and maintenance of the foreign exchange market in India. Sriya Enterprise’s expertise in trade finance ensures that MSMEs stay compliant with these evolving regulations, supporting their international trade activities.
Understanding FATF and Its Impact on International Trade: An Indian Perspective In the realm of export and Import, compliance and regulatory frameworks play a pivotal role in ensuring smooth and secure transactions across borders. One such critical framework is provided…
