Policy▼ Bearish for Indian equities
New Fema rules bring small service exporters into the reporting net
The brief
- RBI updated its FEMA Master Direction on October 1, consolidating required reports and forms
- New rules bring small service exporters into the reporting net
- More reporting may raise compliance costs for Indian service exporters, especially smaller firms
- UPI MDR Charges: Will small-value transactions be impacted? What's Person-to-Merchant (P2M) fees? Details inside
- AIMRA announces nationwide 'No UPI Day' on October 2 to protest against proposed MDR for UPI transactions