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Question
What do you understand by the terms FEMA and FERA.
Answer in Brief
Solution
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.
shaalaa.com
Multi National Corporation (MNC)
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