Summary on Export from Bangladesh Introduction 1.1 The word export is derived from the conceptual meaning as to ship the goods and services out of the port of a country. The seller of such goods and services is referred to as an “exporter” who is based in the country of […]
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When and why a country prefer exports?
When and why a country prefer exports? A country exports prefer when the goods, services and skills are surplus than the demands of that country.we can say, a country has been able to produce more goods and services than can be consumed at home. This prompted a search for foreign […]
Read moreForeign Exchange Regulation Act 1947
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 […]
Read moreURR 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 moreSpecial types of Bank’s Customers-Minor or Infant, Lunatics, Drunkard or Intoxicated Person, Married Woman, Illiterate Person, Trustees, Executors and Administrators
Special types of Bank’s Customers-Minor or Infant, Lunatics, Drunkard or Intoxicated Person, Married Woman, Illiterate Person, Trustees, Executors and Administrators. Every person who is competent to contract can open an account with a bank provided the bank is satisfied regarding his bonafides and is willing to enter into necessary business […]
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 moreEtiquette in Banking and Human Life
Etiquette in Banking and Human Life What does etiquette mean? Etiquette is being polite. It is good manners. Etiquette is a code of conduct, both written and unwritten, for basic behavior that is socially expected from individuals in a society based on cultural norms. These behaviors include the proper way […]
Read moreKNOW YOUR CUSTOMER (KYC)
KNOW YOUR CUSTOMER (KYC) KNOW YOUR CUSTOMER (KYC): The adoption of effective Know Your Customer (KYC) program is an essential part of financial institutions’ risk management policies. Having sufficiently verified/corrected information about customers ―Knowing Your Customer (KYC) – is the most effective defense against being used to launder the proceeds […]
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