RBI’s Draft Foreign Exchange Management Regulation, 2024

Syllabus: Indian Economy Source: The Hindu BL Context: The RBI has proposed draft regulations (Draft Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2024) to streamline export-import transactions, enhancing ease of business for small exporters and importers. Key Highlights of the Draft Regulation: Exporters must declare the full export value of goods …