FEMA

It's important to distinguish between two different entities when discussing "FEMA":

Federal Emergency Management Agency (FEMA): This is an agency of the United States Department of Homeland Security. Its primary purpose is to coordinate the response to disasters that overwhelm the resources of state and local authorities.   FEMA provides assistance to individuals and communities affected by disasters, and also works to promote preparedness and mitigation efforts. Foreign Exchange Management Act (FEMA): This is an Act of the Parliament of India. It regulates foreign exchange in India, with the objective of facilitating external trade and payments. It replaced the Foreign Exchange Regulation Act (FERA) and is a key part of India's economic liberalization. Here's a brief overview of each:

Federal Emergency Management Agency (U.S.):

Focus: Disaster relief and emergency management. Role: Coordinates federal response to disasters, provides assistance to survivors, and promotes preparedness. Parent organization: United States Department of Homeland Security. Foreign Exchange Management Act (India):

Focus: Regulation of foreign exchange. Role: Facilitates external trade and payments, and promotes the orderly development of the foreign exchange market in India. Replaced: Foreign Exchange Regulation Act (FERA). Therefore, depending on the context, "FEMA" can refer to either a U.S. agency focused on disaster relief, or an Indian act governing foreign exchange.