RBI,JK Bank hold interactive meet on FEMA 1999

GK NEWS NETWORK
Publish Date: Dec 12 2012 12:00PM

Srinagar, Dec 11: In association with J&K Bank, Reserve Bank of India (RBI) today kicked off a two-day interactive meet with bankers on Foreign Exchange Management Act (FEMA)-1999 here at the Bank’s Corporate Headquarters.
 The meeting was chaired by RBI Regional Director (Jammu), K K Saraf in presence of J&K Bank Executive President Parvez Ahmad, RBI Chief General Manger, (FED) Mumbai Rashmi Fauzdar, J&K Bank Presidents Shafat Ahmad,  Nayeemullah,, J&K Bank Vice President P K Tickoo , RBI,DGM FED (Jammu) A K Mattu and RBI DGM FED (Mumbai) P K Kar.
 The meeting was attended by representatives of SBI, PNB and HDFC Bank and other officers of J&K Bank.
 At the outset, DGM FED RBI Mumbai P K Kar gave a detailed presentation of the FEMA 1999, a J&K Bank handout said.
 Afterwards, CGM RBI Rashmi Fauzdar dwelt upon the current investment climate in the country detailing the issues faced and the measures taken by the RBI in improving the overall economic situation especially the foreign investment.
 She talked at length about the various relaxations made by the RBI to facilitate foreign trade of the country besides helping Banks to deal with problems faced in foreign exchange.
 Her address was followed by a healthy question-answer session wherein the bankers raised issues and problems regarding the FEMA 1999 in the light of their daily operations and experiences which were duly responded to on the occasion by the RBI.
 The Bankers made some suggestions which were taken note of by the RBI representatives.
 J&K Bank President Shafat Ahmad concluded the session by presenting the vote of thanks.
 With a view to disseminate the information about various facilities available under FEMA, 1999 provisions to different types of forex users/customers , another interactive meeting is being organized tomorrow especially for exporters and other forex users at J&K Bank CHQ at 10.30. A.M.


Latest News

  1. Omar Abdullah calls heckling video ‘tamasha’, says Berkeley session was 'great, substantial'
  2. Omar Abdullah calls heckling video ‘tamasha’, says Berkeley session was 'great, substantial'
  1. Delhi based designer Leena Singh dedicates her 2018 collection to Kashmiri craftsmen
  2. Delhi based designer Leena Singh dedicates her 2018 collection to Kashmiri craftsmen
  1. Biker, two accomplices arrested for forcibly stopping scooty rider in Bhadarwah
  2. Biker, two accomplices arrested for forcibly stopping scooty rider in Bhadarwah
  1. Mulling changing law to award death to sexual assaulters of kids: Govt
  2. Mulling changing law to award death to sexual assaulters of kids: Govt
  1. Harsh weather damages orchards and property in south Kashmir
  2. Harsh weather damages orchards and property in south Kashmir
  1. India, Pak trade fire along LoC in Nowshera
  2. India, Pak trade fire along LoC in Nowshera
  1. ‘Wake up your conscience’, legislator Rasheed asks Jammu and Kashmir police
  2. ‘Wake up your conscience’, legislator Rasheed asks Jammu and Kashmir police
  1. Mirwaiz demands justice for Kathua minor, reopening of Kashmir rape cases since 1990
  2. Mirwaiz demands justice for Kathua minor, reopening of Kashmir rape cases since 1990
  1. Prashant Bhushan files complaint against BJP leader who claimed torching Rohingya settlements in Delhi
  2. Prashant Bhushan files complaint against BJP leader who claimed torching Rohingya settlements in Delhi
  1. Nine-year-old raped, killed in Uttar Pradesh
  2. Nine-year-old raped, killed in Uttar Pradesh
  1. Seven parties submit notice to impeach Chief Justice of India Dipak Misra
  2. Seven parties submit notice to impeach Chief Justice of India Dipak Misra
  1. Mobile Internet service snapped in Rajouri after protests over boy's death
  2. Mobile Internet service snapped in Rajouri after protests over boy's death
  1. Kulgam boy putting up at Barzulla found dead, police begins probe
  2. Kulgam boy putting up at Barzulla found dead, police begins probe
  1. Army commanders discuss Kashmir situation
  2. Army commanders discuss Kashmir situation
  1. Former Delhi HC Chief Justice Rajinder Sachar passes away
  2. Former Delhi HC Chief Justice Rajinder Sachar passes away
  1. Internet services suspended in Srinagar
  2. Internet services suspended in Srinagar
  1. Renowned Kashmir cardiologist Dr Sajad Reshi passes away
  2. Renowned Kashmir cardiologist Dr Sajad Reshi passes away
  1. PDP constitutes political affairs committee
  2. PDP constitutes political affairs committee
  1. Rail blockade at Chengail in West Bengal on Kathua rape case
  2. Rail blockade at Chengail in West Bengal on Kathua rape case
  1. SC seeks AG's help on media gag on CJI impeachment
  2. SC seeks AG's help on media gag on CJI impeachment
  1. Naroda Patiya massacre: Gujarat HC acquits ex-BJP minister Kodnani, convicts Babu Bajrangi
  2. Naroda Patiya massacre: Gujarat HC acquits ex-BJP minister Kodnani, convicts Babu Bajrangi
  1. JKLF Chief Yasin Malik detained in Srinagar
  2. JKLF Chief Yasin Malik detained in Srinagar
  1. Omar takes dig at Dy CM, accuses BJP of playing politics over Kathua rape and murder
  2. Omar takes dig at Dy CM, accuses BJP of playing politics over Kathua rape and murder
  1. Video | Fresh snowfall in higher reaches of Kashmir, rains lash plains
  2. Video | Fresh snowfall in higher reaches of Kashmir, rains lash plains
  1. Muslims observe shutdown in Chenab valley to demand speedy trial in Kathua case
  2. Muslims observe shutdown in Chenab valley to demand speedy trial in Kathua case
  1. Sonamarg-Zojila road closed for traffic after fresh snowfall
  2. Sonamarg-Zojila road closed for traffic after fresh snowfall
  1. UN staff increasingly becomes target of attack: Guterres
  2. UN staff increasingly becomes target of attack: Guterres
  1. Mughal road closed for traffic after landslide
  2. Mughal road closed for traffic after landslide
  1. Qatar approves draft law on property ownership by foreigners
  2. Qatar approves draft law on property ownership by foreigners
  1. Scientists find way to bend, stretch diamond
  2. Scientists find way to bend, stretch diamond