The MTFX Group of Companies, a top supplier of technologically advanced worldwide payment solutions, offers PayMyTuition, which provides cutting-edge solutions with next-generation payment technology to several industry verticals as a dependable partner for more than...
GIC- The name “GIC” stands for “Guaranteed Investment Certificate,” and it refers to a short-term liquid investment that Canadian banks typically issue for up to a year. It is intended for Indian students who wish to enrol at universities that are part of the Student...
Interbank exchange rates refer to the exchange rates at which banks buy and sell currencies from each other. These rates are important because they affect the value of currencies for businesses and individuals who need to exchange money across different countries. In...
What is a Forex card rate? A forex card exchange rate is like a display board where a bank publishes exchange rates for buying and selling foreign currencies, travel cards, and currency notes. The spread between buying and selling currencies in a card rate is...
The government had received requests from Export Promotion Councils and leading exporters that they should continue with the current Foreign Trade Policy (2015-20), which had been extended from time to time. The government has always involved all stakeholders in...
Forward Contract Meaning: A forward contract is a contract between the bank and its customer to buy or sell a specific currency at a specified future price for delivery on a specified future day beyond the Spot Date. Period of Delivery: A contract can be booked...
CGTMSE Scheme: Maximum Coverage Raised to Rs. 500 Lakhs The Indian economy is supported by micro and small businesses (MSEs). However, because they frequently lack collateral or credit history, small companies frequently struggle to get loans from conventional...
The Organization of the Petroleum Exporting Countries, commonly referred to as OPEC is a group of 13 countries that are major producers of crude oil. These countries are Algeria, Angola, Congo, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab...
The Indian government has recently introduced the Foreign Trade Policy 2023-28 (FTP 2023-28) to promote exports and boost economic growth. One of the key highlights of this policy is the introduction of a special one-time Amnesty Scheme to address default on Export...
Meaning of FDI: FDI is a procedure whereby the citizen of one nation buys the right to manage the production and other operations of an organization in another (host country). Regarding FDI Foreign Direct Investment (FDI) is the word used to describe the transfer of...
Comprehensive Guide on Foreclosure Charges, waiver & refund. 1) What Are Foreclosure Charges, and How Do They Differ from Takeover Charges and Prepayment Penalties? 2) Is It Justified to Take Foreclosure Charges? 3) How Much Can Banks Charge for Foreclosure or...
Investing in companies or assets outside of India is known as overseas direct investment. Overseas Direct Investment (ODI) allows Indian residents, including individuals, firms, and companies, to invest in foreign businesses or projects. What is the limit of ODI...
"10 Budget-Friendly Countries to Explore from India This New Year 2025" Top 10 World Cheapest Countries to Travel from India This New Year 2025 As the New Year approaches, many of us yearn to celebrate in a unique and exciting location without breaking the bank. The...