FDI/FEMA Reforms, RBI Macro & Cross-Border Structuring
Key Questions
Why has RBI eased FCNR(B) and NRE deposit rate norms?
The temporary relaxation aims to attract NRI inflows, boost forex liquidity, and support overall capital inflows estimated at $35-50B.
What is the impact of RBI's July 2026 policy on interest rates?
The repo rate was set at 5.25% with projected GDP growth of 6.6% and inflation at 5.1%, alongside measures to ease deposit rates for NRIs.
When do RBI's new mis-selling rules take effect?
The stricter norms banning dark patterns and curbing mis-selling of financial products will become effective from January 1, 2027.
What are the new RBI payment system authorisation norms?
RBI introduced a consolidated framework providing perpetual authorisation for payment systems while tightening licensing and compliance requirements.
How is RBI supporting cross-border CBDC pilots?
The central bank is advancing CBDC initiatives for cross-border use as part of broader efforts to modernize payment infrastructure.
What tax exemptions were granted for AirTrunk's data center project?
AirTrunk's $30B commitment received tax exemptions extending through 2047 to encourage large-scale infrastructure investment.
What changes apply to FPI outflows and G-Sec taxation?
FPI outflows reached $24B while LTCG relief on G-Secs was introduced to stabilize capital flows and attract longer-term investment.
How many NBFC licences has RBI cancelled recently?
RBI cancelled 135 NBFC licences as part of stricter enforcement and regulatory cleanup under the updated framework.
RBI temporarily eases FCNR(B) and NRE deposit rate norms to attract inflows (part of July 2026 policy). Other: DPIIT paperless SOP, FPI outflows $24B, Supreme Court PE Ruling (Hyatt International), RBI July 2026 policy (repo 5.25%, growth 6.6%, inflation 5.1%), LTCG relief on G-Secs, CBDC cross-border pilots, RBI mis-selling rules (effective Jan 2027), payment system authorisation norms, bank acquisition finance framework, ECL framework, NBFC licence cancellations (135), FEMA Guarantees Regulations 2026, etc. AirTrunk $30B data center commitment with tax exemptions through 2047. RBI's multi-pronged push to attract $35-50B via FCNR relaxations, tax waivers, and potential index inclusion.