On July 31, 2012, RBI has revised its guidelines related to EEFC (Export Earners’ Foreign Currency) Account vide notification RBI/2012-13/151 A. P. (DIR Series) Circular No. 12. As per revised guidelines, credit of 100% foreign exchange earnings to the EEFC account is allowed subject to the condition that the sum total of the accruals in […]
RBI and Indian Government Agencies have made a lot of changes affecting NRIs and NRI Investments in last 8 months. I have selected 15 and have summarized them in the following table for easy understanding. 15 Important Changes affecting NRIs by RBI and Indian Government # Date Topic Detail Effect / Benefit […]