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...
Interest Equalization Scheme: The Interest Equalization Scheme was first announced on 1st April 2015 by the Government of India to provide pre- and post-shipment Rupee export credit to eligible exporters. It is also known as interest subvention. A rebate of interest...
Are you planning to study in Canada? We have fantastic news for you! ICICI Bank Canada and Royal Bank of Canada (RBC) have joined forces to provide an unparalleled banking experience tailored to the needs of international students. By opening a student GIC...
The global market is continuously expanding, and businesses are finding new opportunities to trade beyond their national borders. Exporting is an essential aspect of business growth, and maintaining a healthy cash flow is vital for businesses to succeed in this...
The outward transfers were roughly $18760.69 million in FY21 and $19610.77 million in FY21–2022. However, these numbers will soon see a decline. The Finance Act 2023 changed the TCS rates for foreign remittances under the LRS. Previously, a 5% TCS was imposed on...
Introduction Explore the world with ease as Indian passport holders enjoy access to a variety of Indian Passport Visa Free Countries and Visa on arrival countries for Indians. Discover the growing list of E Visa countries for Indian passport holders and stay updated...
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...
