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प्रश्न
What do you understand by the terms FEMA and FERA.
थोडक्यात उत्तर
उत्तर
FERA refers to the Foreign Exchange Regulation Act. This act was passed in India in 1974 which directly permits. The operations of MNCs in India.
FEMA refers to the Foreign Exchange Management Act of 1999. Under FEMA, the emphasis is on management rather than regulation.
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