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

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FEMA A Closer Look

Biswajit Dhar Mritiunjoy Mohanty The Foreign Exchange Management Act (FEMA) represents major departures from past policies in two important respects. First, it can he seen as an initial step towards capital account convertibility. Second, the government seems to have finally decided to give up alt intentions of regulating foreign capital in the country.

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