Currency export/import limits altered for resident travellers; revised per-person cash ceiling applies excluding Nepal and Bhutan.
The amendment increases the permissible amount of Government of India and Reserve Bank of India currency notes that a resident may take out of, or bring into, India on a temporary visit (excluding Nepal and Bhutan), raising the per person cash carriage limit to Rs.7,500 and replacing the previous lower ceiling under Regulation 3(1)(a) and (c) of the relevant FEMA notification.

Line of Credit to Tanzania allows India sourced exports with sourcing, declaration, and timeline conditions under foreign exchange rules.
Exim Bank's Line of Credit to Tanzania finances exports of eligible goods, equipment and consultancy services from India, requiring at least 85 per cent India sourced supply per contract while up to 15 per cent (excluding consultancy) may be procured abroad. The Credit Agreement is effective from January 11, 2010; LC opening and disbursement deadlines are 48 months from scheduled completion for project exports and 72 months from execution for other supplies. Shipments must be declared on GR/SDF forms; no agency commission under the LOC though exporters may remit commissions from their own funds or EEFC balances after realisation, subject to prevailing remittance rules.

External Commercial Borrowings refinancing: telecom bidders may use rupee funds initially and refinance under approval route within a specified period.
A one-time end-use relaxation allows telecom bidders to pay for spectrum from Rupee resources and refinance that payment with a long-term External Commercial Borrowing under the approval route within the prescribed period; the designated AD Category I bank must monitor end-use, Indian banks cannot provide guarantees, and all other ECB conditions and reporting requirements continue to apply.

Currency futures expansion: permits Euro INR, GBP INR and JPY INR contracts with specified contract sizes and settlement rules.
Amendment permits Euro INR, GBP INR and JPY INR currency futures alongside USD INR, prescribes minimum contract sizes for each pair, and sets settlement prices using the Reserve Bank's Reference Rates for USD INR and Euro INR and published exchange rates for GBP INR and JPY INR, effective January 19, 2010.

Remittance of salary: full transfer to foreign currency accounts abroad allowed where income tax on Indian accrued salary is paid.
Full remittance of salary to foreign currency accounts abroad is permitted for: (a) foreign nationals resident in India employed by foreign companies (or Indian citizens employed by foreign companies abroad) on deputation to their Indian operations; and (b) foreign nationals resident in India employed by India incorporated companies who remit salary received in India. In all cases the entire salary accrued in India must be subject to income tax under the Income tax Act before credit or remittance to the foreign currency account.

Definition of Person of Indian Origin expanded to include maternal and maternal grandparental lineage, altering property purchase eligibility.
Amendment expands the Person of Indian Origin (PIO) definition for acquisition of immovable property by adding mother and grandmother to the lineage criteria, while retaining prior exclusions and the provision that an individual who at any time held an Indian passport qualifies; Authorised Dealer Category I banks are directed to notify customers and apply the change under FEMA directions, subject to other statutory permissions.

Foreign Direct Investment rules: entry routes, sectoral caps and compliance requirements govern investment, downstream holdings and reporting.
The Press Note consolidates India's FDI regulatory framework under FEMA, defining eligible instruments and investor classes, and establishing two entry routes: Automatic (no prior approval) and Government (prior FIPB/Government approval). It prescribes sectoral caps, entry conditions and security/ownership requirements for sensitive sectors; counts direct and indirect (downstream) foreign investment toward total foreign holding; sets timelines, valuation and reporting obligations (Forms FC GPR, FC TRS, ECB 2) for issue/transfer and repatriation; and identifies FEMA adjudication, penalties and compounding mechanisms for violations.