assistant manager(forex) 2021-22 manager(forex) and fera
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Manager(Forex) and Assistant Manager(Forex) 2021-22
FERA to FEMA
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• 1973• 81Sections• Repealed in
1998
FERA• 1999• 49 Sections• Active
FEMA
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Need for FERA
Devaluation of currency
Increase in Price of Imported Oil
Trade Deficit Foreign Exchange
Reserves of the Country were very low
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Objectives of FERA
❑ To prevent outflow of Indian Currency❑ To regulate the transaction directly or indirectly affecting foreign
exchange❑ To regulate import and export of currency and bullion❑ To regulate employment of foreign nationals❑ To regulate foreign companies❑ To regulate acquisition, holding etc of immovable property in India
by non-residents❑ To regulate and control balance of payments❑ To conserve foreign exchange resources for the country
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FERA to FEMADraconian
Law
Strict Law- Criminal Offence
FlourishingBlack
MarketBalance of Payment
crisis
LPG Policy1991
Influx of Foreign Trade
Regulation to Management
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Objectives of FEMA
❑ Consolidation and amendment of the laws relating to the foreign exchange
❑ Facilitation of external trade and payments❑ Promoting the orderly development and maintenance of foreign
exchange market in India❑ To control and direct the employment business and investment of
the non-residents.❑ To utilise the foreign exchange resources effectively for the
country.
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Live sessions at ixamBeeS. No. Date Topic
1 01-Sep-21 Fundamentals of Forex
2 02-Sep-21Overview of Overview of Forex business in India and role of RBI, FEMA, FEDAI, Govt.
3 05-Sep-21 Intro to FEMA; FERA vs. FEMA4 07-Sep-21 Important sections of FEMA
5 08-Sep-21Forex Facilities for Resident Indians - Travel and non travel remittances and LRS
6 09-Sep-21Forex Facilities for Resident Indians - various Foreign currency accounts in India/abroad
7 12-Sep-21Forex Facilities for NRIs - Deposit schemes. NRE, NRO and FCNR accounts
8 14-Sep-21 Forex Facilities for NRIs - Loan for NRIs
9 15-Sep-21Forex Facilities for NRIs - Investment and other Facilities for NRIs
10 16-Sep-21 Import of goods and services, Export of Goods and services
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Live sessions at ixamBeeS. No. Date Topic
11 19-Sep-21 ECBs
12 21-Sep-21Investments in India by Non-Resident Corporate / FIIs/other entities
13 22-Sep-21Purchase of Equity Shares and Convertible Debentures and other securities issued by an Indian Company
14 23-Sep-21Investment by Registered Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme
15 26-Sep-21Documentary credits and standby credits: ICC guidelines, UCP600 etc
16 28-Sep-21
Export Finance : Various finance available by way of Pre shipment, Post shipment finance in Rupees and Foreign currency
17 29-Sep-21 International Factoring, Forfaiting 18 30-Sep-21 ECGC and EXIM Bank19 03-Oct-21 Foreign Trade Policy20 05-Oct-21 Numerical
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Expert Faculty for Forex
• Ex-Manager, RBI • 30 years of experience in RBI across
departments• 5+ years of teaching experience in
banking, trade finance and forex
Mr. Shankar Nagarajan
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