Non-resident Rupee Accounts expansion permits rupee external commercial borrowings, trade invoicing and repatriation flexibility for nominees.
Expansion of Special Non-Resident Rupee (SNRR) Accounts to permit rupee external commercial borrowings, rupee trade credits, rupee trade invoicing, and business-related transactions of IFSC units outside the IFSC, with accounts maintained in banks in India; removal of tenure restriction for such SNRR accounts; and allowing amounts due to non-resident nominees of deceased account holders to be credited to NRE accounts or remitted abroad in addition to NRO credit.

Government-backed Line of Credit terms require majority Indian sourcing, EDF shipment declaration, strict utilization and commission rules.
Government-backed Line of Credit from Exim Bank to Ghana finances export of eligible goods, works and services for a potable water project, requiring at least 75 percent Indian sourcing and permitting 25 percent foreign procurement; includes a 60 month terminal utilisation period after scheduled completion, mandatory Export Declaration Form shipment reporting, prohibition on LoC-paid agency commission (with exporter-funded commission permitted subject to realization and remittance rules), and instructs Authorised Dealer Category I banks to notify exporters and obtain full LoC details from Exim Bank; circular issued under FEMA authority.

Foreign Direct Investment policy revised: automatic manufacturing and single brand retail rules, sourcing obligations, and digital news streaming controls.
FDI policy amendments permit automatic route foreign investment for coal and lignite mining (including sale and defined associated processing infrastructure) subject to mining statutes; confirm manufacturing under automatic route including contract manufacturing and unrestricted sale via wholesale, retail and e commerce; set Single Brand Retail Trading under automatic route with single brand, branded at manufacture requirements, a local sourcing obligation for majority foreign investment with detailed counting and averaging rules, and brick and mortar timing for online retail; and require government approval for digital media news streaming. Effective from FEMA notification.

Compulsory licensing limited to specific industries after policy changes; other industrial licensing requirements rendered obsolete and withdrawn.
Press Note No. 17 (1984) concerning environmental clearance conditions for Letters of Intent and Industrial Licences is withdrawn as obsolete following post 1991 policy changes; only four industries remain subject to compulsory licensing (tobacco products, electronic aerospace and defence equipment, industrial explosives, and hazardous chemicals), and the Department does not issue licences outside those categories.

Licensing exemption for defence parts: manufacture permitted without industrial or arms licence unless specifically listed; small arms excluded.
No industrial licence or arms licence is required for manufacture of parts and accessories in the defence sector unless specific items are listed in the Annexures to Press Note 1 (2019 Series); the exemption does not apply to issuance of arms licences for small arms by the Ministry of Home Affairs.

Line of Credit conditions require majority Indian sourcing, EDF declaration and specified utilisation for financed projects.
A Government of India-supported Line of Credit (LoC) of USD 800 million from Exim Bank to the Republic of Maldives finances eligible exports of goods, works and services, with at least 75 per cent of contract value to be supplied from India and up to 25 per cent procured outside. The Agreement is effective from August 20, 2019, with a terminal utilisation period of 60 months after scheduled project completion. Shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC, though exporters may use own funds or EEFC balances for commissions, subject to realisation and AD Category I bank compliance. The directions are issued under FEMA powers.

Commercial paper regulatory alignment: deletion of provision permitting deposits by CP issuance, altering company deposit treatment.
Sub-regulation (3) of Regulation 6 of the FEMA (Deposit) Regulations, 2016 permitting companies to accept deposits through issuance of Commercial Paper has been deleted to align FEMA Deposit Regulations with other statutes and regulations that treat CPs as money market instruments and exclude CP proceeds from the definition of deposits; FEMA provisions already allow non-resident investment in Indian CPs. Category I Authorised Dealers are to notify constituents; the circular is issued under the Foreign Exchange Management Act and without prejudice to other statutory permissions.

Line of Credit support enables export finance to Mozambique subject to sourcing, reporting and FEMA compliance obligations.
Line of Credit support authorises Exim Bank to finance specified water-supply projects in Mozambique by funding exports of eligible goods and services from India, subject to the Foreign Trade Policy and LoC terms. Contracts must source at least 75 per cent of value from India, with up to 25 per cent procured externally. Shipments must be declared in the Export Declaration Form and AD Category-I banks must observe FEMA directions while advising exporters to obtain full LoC details from Exim Bank.

External Commercial Borrowings end-use relaxation permits ECBs for working capital and rupee loan repayment subject to maturity.
External Commercial Borrowings (ECB) end use restrictions are relaxed: ECBs of minimum average maturity ten years permitted for working capital and general corporate purposes (including NBFC on lending); ECBs of minimum average maturity seven years permitted for repayment of rupee loans used for capital expenditure (including NBFC on lending), while repayment of rupee loans for non capital purposes requires ten year ECBs. SMA 2/NPA rupee loans in manufacturing and infrastructure may be repaid under one time settlement and assigned to eligible ECB lenders, subject to all in cost, maturity and other ECB norms.

Line of Credit enables financing of eligible Indian exports to Seychelles under specified local content and reporting requirements.
Exim Bank's Government of India supported Line of Credit to Seychelles finances exports from India that comply with the Foreign Trade Policy and LoC eligibility, requires at least seventy five percent of contract value to be supplied from India, mandates shipment reporting in the Export Declaration Form, prescribes terminal utilization periods linked to project completion or LoC execution, disallows agency commission under the LoC (subject to remittance from exporter resources or EEFC balances after realisation), and issues directions to AD Category I banks under FEMA without prejudice to other approvals.

Line of Credit conditions require majority Indian sourcing, manufacturer warranties, maintenance and prescribed export declarations.
A Government-supported Line of Credit to finance health-sector upgrades is conditioned on at least 65% of contract value being supplied from India, up to 35% procurement from outside India, equipment purchases from Indian manufacturers with a minimum three-year warranty plus long-term maintenance, and preference for Indian-sourced drugs. Shipments must be declared in the Export Declaration Form; no agency commission is payable though exporters may remit commission from their own funds or EEFC balances after realisation. Authorised Dealer Category I banks must notify exporters and refer them to the financing institution for full LoC details.

Line of Credit requires majority India-sourced exports, EDF shipment declarations, and bars agency commissions while permitting exporter-funded commissions.
Export-Import Bank of India's Government-supported Line of Credit finances eligible exports for specified infrastructure projects, requiring at least seventy-five per cent of contract value to be supplied from India and the remainder possibly procured abroad. Shipments must be declared in the Export Declaration Form and the facility is subject to a terminal utilisation period from project completion and to Foreign Trade Policy eligibility. No agency commission is payable under the facility; exporters may use own funds or EEFC balances for commissions subject to AD Category I bank authorisation after realisation. Directions are issued under FEMA.

FLA reporting moved to secure web portal; online submission mandatory, non-compliance treated as FEMA violation.
Reserve Bank requires migration of Annual Return on Foreign Liabilities and Assets to a web-based FLAIR portal with entity registration, RBI-issued login credentials, system-driven validation, system-generated acknowledgements, ability to revise and download filings, and provision to submit earlier years on RBI confirmation. The revised form mandates investor-wise direct investment and fiscal-year financial details, broader FATS reporting, and fields for first year of FDI/ODI receipt and disinvestment. Email submission is discontinued and non-compliance will be treated as non-compliance with the Foreign Exchange Management Act, effective immediately for 2018-19.

Line of Credit enables export financing for railway rolling stock with Indian sourcing and foreign exchange compliance conditions.
A Government of India supported Line of Credit extended via Exim Bank finances procurement of railway rolling stock, allowing export of eligible goods and services from India subject to the Foreign Trade Policy. At least seventy-five percent of contract value must be supplied from India and up to twenty-five percent may be procured outside India. Shipments must be declared in Export Declaration Form. Agency commission is not payable under the LoC, though exporters may use own funds or EEFC balances for commission in free foreign exchange, with AD Category I banks permitting such remittances after realization and compliance. Directions issued under the foreign exchange statute remain subject to other required approvals.

Line of credit for export financing enables Indian-sourced supplies under conditions, with RBI/FEMA compliance and EDF reporting.
Exim Bank's Government of India supported Line of Credit to Ghana finances export of goods and services eligible under India's Foreign Trade Policy, with at least seventy-five percent of contract value supplied from India and up to twenty-five percent procured abroad. The LoC is effective June 03, 2019 with a terminal utilization period of sixty months after scheduled project completion. Shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC, though exporters may pay commission from their own resources or EEFC balances after realization and compliance; AD Category I banks must notify exporters and permit remittances subject to instructions. The directions are issued under FEMA.

Voluntary Retention Route permits FPIs to commit retained holdings in Indian debt for regulatory relaxations and allocation benefits.
The Reserve Bank introduces the Voluntary Retention Route (VRR) allowing SEBI registered FPIs to hold a Committed Portfolio Size (CPS) in Indian debt outside certain macro prudential norms, provided they retain at least 75% of CPS on an end of day basis for a minimum Retention Period (generally three years). Allocations are additional to General Investment Limits, made by tap or auction with an overall cap and tranche releases; custodians must monitor compliance, block repatriation that breaches thresholds, and report violations to SEBI.

FPI investment in municipal bonds permitted, subject to State Development Loan investment limits and existing debt market conditions.
Foreign Portfolio Investors are permitted to invest in municipal bonds, and such investment shall be reckoned within the limits set for FPI investment in State Development Loans. All other existing conditions for FPI investment in the debt market remain unchanged; Authorised Dealer Category I banks must notify their customers. Amendments to the relevant Foreign Exchange Management Regulations were notified on April 18, 2019, and the directions are issued under the statutory regulatory framework.

Line of Credit enables export financing under sourcing, reporting and remittance conditions for a Rwanda infrastructure project.
Exim Bank's Government-supported Line of Credit finances export of eligible goods and services for the Rwanda road project subject to Foreign Trade Policy eligibility, a minimum 75 percent India-sourcing requirement, a terminal utilization period from project completion, mandatory Export Declaration Form reporting, prohibition on agency commission under the LoC (with permitted exporter-funded commission from EEFC balances subject to realization and instructions), and AD Category I bank obligations to inform exporters and comply with FEMA-based directions.

Line of credit for export financing requires Indian supply content, export declaration, and regulated commission payments.
A Government supported Line of Credit to Rwanda finances specified SEZ projects through export contracts that must meet Foreign Trade Policy eligibility; at least 75% of contract value must be supplied from India with up to 25% procured abroad. Shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC, though exporters may use their own funds or EEFC balances for commission payments subject to realization and compliance. AD Category I banks must notify exporters, allow compliant remittances for commissions, and provide access to LoC details; directions are issued under foreign exchange management powers without prejudice to other required approvals.

Government supported Line of Credit to finance Rwanda agricultural projects; exports must be India sourced, declared in EDF, AD banks to notify exporters.
A Government of India supported Line of Credit by Exim Bank to Rwanda finances exports of eligible goods and services for three agricultural projects, requiring the majority of contract value to be supplied from India and the remainder to be procurable from outside India. Shipments must be declared in the Export Declaration Form; the Agreement is effective from the stated date with a defined terminal utilization period. No agency commission is payable under the LoC, though exporters may remit commission from their own resources or EEFC balances after realisation, subject to extant instructions and AD Category I bank oversight. Directions are issued under FEMA.