ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

FERA Appearance and Reality

FERA: Appearance and Reality Sudip Chaudhuri A wide gap between the declared objectives of legislation and the actual results is nothing new in India. But what is distinctive about the Foreign Exchange Regulation Act (FERA) is that foreign companies are gaining through faithful implementation of the provisions of the Act. Violation of the Act's provisions, by taking advantage of loopholes or otherwise, has not been necessary.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top