Best Trader Software > Foreign exchange has always been essentially the most closely regulated aspects of the Indian economy and financial infrastructurehe most notorious foreign exchange act India had has ever 'suffered' through was the Foreign Exchange Regulation Act which was imposed in 1973he Act provided for criminal proceedings against people who were found to be handling foreign exchange in contravention to the provision of the said Actith the opening up of India economy and the elimination of licensing scheme, this law became a big roadblock in the process of monetary development of the countryn the year 2000, the Government of India repealed the Foreign Exchange Regulation Act and enacted a new statute in place of ithis new Act, known as the Foreign Exchange Deal withment Act was already passed by the Parliament in Winter Session of the Parliament of India 1999he new statute brought foreign exchange regulation procedures in India based on the framework as prescribed by the World Trad ... [Read More > Best Trader Software]
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