Foreign Exchange Regulation Act 1947 Foreign Exchange Regulation Act 1947: There is an elaborate machinery to effectively operate the exchange control and regulation in the country. The machinery comprises the authorities empowered to regulate foreign exchange transactions and to enforce the provisions of Foreign Exchange Regulation Act and to deal with […]
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URR 725 and issuance of Reimbursement Authorisation, URC 522: Collection of Bills (Clean & Documentary)
URR 725 and issuance of Reimbursement Authorisation, URC 522: Collection of Bills (Clean & Documentary) Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credit -URR 725 New Publication Number 725 to become effective October 1, 2008 Background to URR: The Uniform Rules for Bank-to-Bank Reimbursements (“URR”) were first published by ICC […]
Read moreFactors influencing Foreign Direct Investment
Factors influencing Foreign Direct Investment Factors influencing Foreign Direct Investment in a Country Foreign Direct Investors look into various factors before making investment decision in a country. After 1990, in India, the government adopted a New Economic Policy which promoted the policy of LPG (Liberalization, Privatization and Globalization). This has […]
Read morePolitical economy and social transformation in India
Political economy and social transformation in India 1. POLITICAL ECONOMY AND SOCIAL TRANSFORMATION IN INDIA DONE BY: ANU MARIYA AKASH CHAUDHARY NAJID AHMED 2. DEMOCRACY AND SOCIO-ECONOMIC TRANSFORMATION IN INDIA . Social science engagements with contemporary India have mostly been around the question of change –social,economic,cultural or political M.N. Srinivas, […]
Read moreForeign Exchange Regulation Act 1947, Guidelines of Foreign Exchange Transactions
Foreign Exchange Regulation Act 1947, Guidelines of Foreign Exchange Transactions What is Foreign Exchange? Foreign exchange is the conversion or exchange of one country’s currency into another currency. Foreign exchange also refers to the global market where currencies are traded virtually around-the-clock. The term foreign exchange is usually abbreviated as […]
Read moreDifferent Types of Shipping Cargo Containers
Different Types of Shipping Cargo Containers Measurement of different types of containers Measurement of different types of containers. The dimension specification of different types of containers are given below: Normal Dry Container 20’ (20 feet shipping cargo dry container) 20 feet container means Twenty foot Equipment Unit (TEU). The […]
Read moreBangladesh Foreign Exchange Dealer's Association (BAFEDA)
Bangladesh Foreign Exchange Dealer’s Association (BAFEDA) Bangladesh Foreign Exchange Dealer’s Association (BAFEDA) was formed in a bankers’ meeting held on August 12, 1993 in the Board Room of Rupali Bank Ltd. to help the development of an orderly inter-bank foreign exchange market in Bangladesh. It’s major activities include framing of […]
Read moreInternational Business concept
International Business concept International Business encompasses any business transaction that involves parties from more than one country.These transaction can take various forms and can involve individual companies, group of companies, and or government agencies. International business can differ from domestic business because of differences in currency, legal system, cultures, and […]
Read moreForeign Exchange Regulation (FER) Act, 1947 (Act No. VII of 1947)
Foreign Exchange Regulation (FER) Act, 1947 (Act No. VII of 1947) CONTENTS SECTIONS 1. Short title, extent and commencementa 2. Interpretation 3. Authorised dealers in foreign exchange 4. Restrictions on dealing in foreign exchange 5. Restrictions on payment 6. Blocked accounts 7. Special accounts 8. Restrictions on import and […]
Read moreForeign Remittance
Foreign Remittance Definition: Remittance represents transfer of fund from one place to another through official channel. Foreign Remittance: Foreign Remittance refers remittance of Foreign currency that are received in and made out abroad. Foreign Remittance also includes purchase and sale of freely convertible foreign bills and currencies. Types: Foreign Inward […]
Read moreWhat is IRC and ERC?
What is IRC and ERC? IRC and ERC: Required papers / documents to obtain Import Registration Certificate (IRC) Import Registration Certificate (IRC) and Export Registration Certificate (ERC) are issued by the office of chief controller of Import and Exports (CCI & E) of the government. Intending Imports and Exporters are […]
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