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of <h1>RBI Allows Exporters to Obtain Rejection Risk Insurance Abroad Without Government NOC Under FEMA 1999; Forex Dealers to Assist.</h1> The Reserve Bank of India has issued a circular allowing exporters of seafood and other perishable food products to obtain Rejection Risk Insurance from insurers outside India without needing a 'no objection' certificate from the Central Government. Authorised dealers in foreign exchange are permitted to facilitate remittances for premiums on such insurance policies. This directive is issued under the Foreign Exchange Management Act, 1999, and authorised dealers are instructed to inform their relevant clients.
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