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India's central bank closed two foreign exchange cases via settlement, citing cooperation and technical compliance.
The Reserve Bank of India has closed two FEMA cases through compounding: one involving Janapriya Townships Private Limited, which paid ₹1,68,160 to settle violations including delayed foreign remittance reporting and missed filings, and another against Genpact India, which paid ₹4.72 lakh to resolve similar issues. Both cases were resolved after the Enforcement Directorate gave a 'no objection,' allowing the RBI to close proceedings without further legal action. The moves reflect the central bank’s use of compounding to resolve technical or minor foreign exchange violations, supporting smoother regulatory enforcement and the government’s ease of doing business goals.