Concept Page
Non-Resident Indians (NRIs) Act
Full article in progress. Check back soon.
About — Non-Resident Indians (NRIs) Act
The Non-Resident Indians (NRIs) Act, also known as the Foreign Exchange Management Act (FEMA), is a legislation that governs the economic activities of Non-Resident Indians. It aims to facilitate the flow of foreign exchange and promote economic growth. For instance, NRIs can repatriate up to $1 million per year without any restrictions.