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RBI introduces new forex scheme to make transactions easier. Details here

In order to enhance the ease of doing business, RBI has proposed to introduce a new category of money changers (under the scheme namely Forex Correspondents Scheme). These money changers may conduct money changing business through any agency model via Category-I and Category-II authorised dealers
Foreign Exchange Management Regulatory Policies Foreign Exchange Management Act Reserve Bank Forex Correspondents Scheme Personal Finance

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Government Asked To Look Into Plea Seeking Uniform Banking Code For Forex Transactions

The Delhi High Court on Tuesday asked the Centre to seriously look into the issue raised in a Public Interest Litigation (PIL) seeking implementation of a Uniform Banking Code for foreign exchange transactions to control black money generation and benami transactions.
United States United Kingdom Justice Navin Chawla Chetan Sharma Justice Vipin Sanghi Ashwini Kumar Upadhyay
Source: ndtv.com

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