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of <h1>RBI Amends Forex Management Regulations; New Sub-Paragraph in Schedule 1, Paragraph 6 for Loans and Facilities</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management (Deposit) Regulations, 2000, under the Foreign Exchange Management Act, 1999. These amendments, effective from January 31, 2007, introduce a new sub-paragraph in Schedule 1, paragraph 6, of the original regulations. The new sub-paragraph (d) stipulates that loans and facilities granted under this section will adhere to directions issued by the Reserve Bank as needed. These changes are formalized in Notification No. 156-RB-2007, dated June 13, 2007.
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