The Report of the Committee to Review the Facilities for Individuals under FEMA, 1999 (August 2011) was submitted to the Reserve Bank of India (RBI) within the stipulated period of three months. In a milieu where committees/working groups invariably violate the stipulated timeframe, the Chairman of the Committee, Ms. K. J. Udeshi, deserves kudos for strictly adhering to the time limit.........
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