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The Finance Minister in his well-articulated speech in the Budget focused to foster stable tax policy for achieving fiscal consolidation. The spirit of minimum government and maximum governance was again echoed by him. The emphasis was clearly echoed on “Make in India” and the benefits required to be granted to...
The Foreign Exchange Management Act, 1999, was enacted to replace the Foreign Exchange Regulation Act, 1973 with an objective of consolidating and amending the laws relating to foreign exchange. While the 1973 Act focuses more on regulations and controls, whereas FEMA, 1999 deals more with the management of foreign exchange....