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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". [1]
The United States Omnibus Consolidated and Emergency Appropriations Act, FY1999 Pub. L. 105–277 (text), among its numerous provisions that include the regular annual appropriations for most United States Department of Agriculture (USDA) programs, provided $5.9 billion in emergency spending for USDA programs to shore up farm income and to compensate farmers for natural disasters.
Additionally, upon incorporation into DHS, FEMA was legally dissolved and a new Emergency Preparedness and Response Directorate was established in DHS to replace it. Following enactment of the Post-Katrina Emergency Management Reform Act of 2006 FEMA was reestablished as an entity within DHS, on March 31, 2007.
The same was formed under the FEMA Act which replaced the erstwhile Foreign Exchange Regulation Act (FERA). While the main object of FERA was to conserve the foreign exchange resources and prevent the misuse thereof; the object of the FEMA was to promote and develop the foreign exchange management in India. [2]
FEMA is the U.S. Federal Emergency Management Agency. FEMA may also stand for: Federation of European Motorcyclists Associations, an association of groups and organisations representing motorcyclists throughout Europe; Fire Equipment Manufacturers' Association, an international, non-profit trade association for manufacturers of commercial fire ...
The George W. Bush administration put the Continuity of Operations plan into effect for the first time directly following the September 11 attacks.Their implementation involved a rotating staff of 75 to 150 senior officials and other government workers from every federal executive department and other parts of the executive branch in two secure bunkers on the East Coast.
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