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, ease of doing business for […]
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 for a promise to pay […]
Guarantees from a 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 attract any foreign […]
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 long-term basis. As per The […]
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 INR equivalent for every entry […]
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 pegged to gold] was prevailing. […]
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