FERA meaning in Governmental ?

Answer: What is Foreign Exchange Regulation Act mean?

The Foreign Exchange Management Act, 1999 (FEMA), is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India". It was passed in the 29th December 1999 in parliament, replacing the Foreign Exchange Regulation Act (FERA). This act makes offences related to foreign exchange civil offenses. It extends to the whole of India, replacing FERA, which had become incompatible with the pro-liberalization policies of the Government of India. It enabled a new foreign exchange management regime consistent with the emerging framework of the World Trade Organization (WTO). It also paved the way for the introduction of the Prevention of Money Laundering Act, 2002, which came into effect from 1 July 2005.

reference

Full Form	Category
Formative Evaluation Research Associates	Academic & Science
Food and Environment Research Agency	Associations & Organizations
Ford Employee Recreation Association	Business
Florida Educational Research Association	Community
Family Electric Rate Assistance	Community
Ford Employees Recreation Association	Community
Fast Encoding and Readout ADC	Computing
Forms Eject and Run Away	Computing
Fera	Cryptocurrency
Fate Exposure and Risk Analysis	General
Fire and Environmental Research Applications	Governmental
Federal Emergency Relief Administration	Governmental
Foreign Exchange Regulation Act	Governmental
Federal Emergency Relief Association	Governmental
Federal Emergency Relief Act	Governmental
Foreign Export Revaluation Act	Governmental
Foreign Exchange Recommendation Act	Governmental