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FEMA norms may be amended to ease remittances


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K Bhaskaran
The Narendra Modi government is planning to bring some amendments
by K Bhaskaran on Oct 13, 2018 12:33 PM

The Narendra Modi government is planning to bring some amendments to the Foreign Exchange Management Act (FEMA) in the upcoming session of Parliament to encourage remittances by reducing the cost of transactions. He has already started his image building by installinghis photographs in SBI's ATMs. Let us wait for his next move. May be he will imprint his photos in all denomination of Notes.

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