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...Articles fathoming fema overview of provisions foreign exchange management act and rules regulations there under rajkumar s adukia acs mumbai e mail the complicated regulation has been repealed rajkumarfca gmail com replaced by a much simplified emphasis shifted from to this article provides an made thereunder historical background permitted resulted in increased flow introduction india reserves substantially parliament had enacted tarapore committee on capital account replace convertibility cac constituted reserve bank came into force st day june indicated preconditions for three crucial were fiscal consolidation control dates back when first mandated inflation target strengthening financial time it was introduced as war measure defense system also recommended during world ii september change legislative framework governing shortage resources transactions through series bill based recommendations task temporary basis lok sabha august crisis persisted long finally got referred standing...