Increased role of CAs under liberalized export processes As part of the Statement on Developmental and Regulatory Policies on 4th December 2020, RBI announced several measures to enhance export competitiveness, [Read More…]
Trade Credit from foreign exchange perspective Overview Dun & Bradstreet, the leading business credit bureau describes trade credit as a transaction allowing businesses to receive goods or services in exchange [Read More…]
GUARANTEES from foreign exchange perspective Issuing guarantees by banks or other entities resident in India on behalf of and in favour of residents in India and denominated in INR does not [Read More…]
Residents and Nonresidents from FEMA perspective The word resident has different meanings in different contexts. As per the dictionary, it means a person who lives somewhere permanently or on a [Read More…]
Reconciliation of foreign currency bank accounts Reconciliation of accounts is basic knowledge; every finance professional possesses. Accounts that are denominated in a foreign currency will have an extra feature of [Read More…]
Convertibility of INR At the beginning of the last century, ‘convertibility’ referred to the right to unrestrictedly convert a currency into gold, which made sense when gold standard [i.e. currencies [Read More…]
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