<h1>New 2024 Rules Simplify Foreign Investment, Boost Business with Digital Payments, Faster Applications, Clearer Processes.</h1> The Department of Economic Affairs has announced the Foreign Exchange (Compounding Proceedings) Rules, 2024, following the Union Budget 2024-25. These new rules replace the 2000 version and aim to simplify regulations for foreign investments, enhancing ease of doing business. The amendments, developed with the Reserve Bank of India, focus on expediting compounding applications, introducing digital payment options, and clarifying processes to eliminate ambiguity. This initiative underscores the government's commitment to facilitating investment and business operations in India.