On April 4, 2025, the Reserve Bank of India released revised draft Regulations and Directions under the Foreign Exchange Management Act (FEMA), 1999, concerning the export and import of goods and ...

The source noted that they have requested the RBI to develop an automated reconciliation system within the Export Data Processing and Monitoring System (EDPMS), leveraging artificial intelligence (AI) ...

A recent Policy Consensus Centre discussion with policymakers, industry experts, and exporters emphasized the urgent need to eliminate EDPMS fees and streamline reconciliation processes to improve ...