https://www.taxtmi.com/news?id=12032 The regulatory regime under FEMA focuses on facilitating external trade and payments while concentrating regulatory attention on capital account transactions; successive notifications and capital account measures used to manage exchange rate volatility have produced complexity and time inconsistency. Authorised persons bear substantial responsibility to judge transaction permissibility, creating compliance burdens amid frequent amendments. Key issues include clarifying treatment of FDI versus portfolio investment, addressing financial innovation and offshore derivatives (including NDFs), and considering consolidation or a shift toward principle based regulation to provide clearer, predictable rules without compromising stability. en-us Fri, 06 Dec 2013 10:52:13 +0530 Fri, 06 Dec 2013 10:52:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12032 The regulatory regime under FEMA focuses on facilitating external trade and payments while concentrating regulatory attention on capital account transactions; successive notifications and capital account measures used to manage exchange rate volatility have produced complexity and time inconsistency. Authorised persons bear substantial responsibility to judge transaction permissibility, creating compliance burdens amid frequent amendments. Key issues include clarifying treatment of FDI versus portfolio investment, addressing financial innovation and offshore derivatives (including NDFs), and considering consolidation or a shift toward principle based regulation to provide clearer, predictable rules without compromising stability. News - Fri, 06 Dec 2013 10:52:13 +0530 https://www.taxtmi.com/news?id=12032