FEMA Context: The Enforcement Directorate has seized ₹5,551.27 crore from Xiaomi Technology India Private Ltd. under the provisions of the Foreign Exchange Management Act (FEMA), in connection with the alleged illegal remittances made by the company. About FEMA: The Foreign Exchange Management Act of 1999 […]

Thrust on Capital Expenditure

Thrust on Capital Expenditure     Context:   Union Finance Minister Nirmala Sitharaman announced a 35 per cent increase in the outlay for capital expenditure in Financial Year 2022-23 in her Union Budget 2022 speech on February 2, 2022.  The capital expenditure will be increased […]