https://www.taxtmi.com/article/detailed?id=16203 India's capital account management under FEMA, 1999 is presented as a regulatory framework for managing capital inflows and outflows through RBI and Government controls. The article explains permitted and restricted capital account transactions, partial rupee convertibility, sector-specific limits on FDI, regulation of FPI and ECBs, supervision of foreign exchange derivatives, and the ongoing debate on full capital account convertibility. It also notes policy tools such as capital controls, reserve accumulation, sterilization operations, and gradual liberalization supported by stronger domestic markets and risk management. en-us Wed, 15 Apr 2026 09:18:48 +0530 Wed, 15 Apr 2026 09:18:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16203 India's capital account management under FEMA, 1999 is presented as a regulatory framework for managing capital inflows and outflows through RBI and Government controls. The article explains permitted and restricted capital account transactions, partial rupee convertibility, sector-specific limits on FDI, regulation of FPI and ECBs, supervision of foreign exchange derivatives, and the ongoing debate on full capital account convertibility. It also notes policy tools such as capital controls, reserve accumulation, sterilization operations, and gradual liberalization supported by stronger domestic markets and risk management. Articles FEMA - Foreign Exchange Management Wed, 15 Apr 2026 09:18:48 +0530 https://www.taxtmi.com/article/detailed?id=16203