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...
OPEC latest news indicates that global oil-producing nations are taking a cautious approach to managing crude oil supply in 2026. Amid slowing global demand, geopolitical tensions, and concerns over oversupply, OPEC and its extended alliance, OPEC+, have chosen to...
Foreign Trade Policy 2023 and Its Impact on Indian Exports The Foreign Trade Policy 2023 (FTP 2023-28) introduced by the Indian government marks a significant step toward strengthening India’s export ecosystem and improving ease of doing business. Designed with a...
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 account...
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...
TCS Slab on Foreign Remittances: Impact on Overseas Investments and the Money Remittance Industry Outward foreign remittances from India have seen steady growth in recent years. As per available data, outward remittances stood at approximately USD 18,760.69 million in...
Selecting the best service provider is essential when it comes to managing your foreign exchange needs. Despite the abundance of choices, it is imperative to use money exchangers approved by the RBI to guarantee secure, legitimate, and transparent transactions. There...
Why Use RODTEP Scrips for Customs Duty? Customs duties in India can significantly impact your landed cost. But if you're an importer, there's a smart and legal way to reduce that cost: using RODTEP duty credit scrips. These scrips, issued under the DGFT’s export...
“ICEGATE scrip transfer is the official and compliant way to ROSCTL and RODTEP License Sale and buying and applying scrips for customs duty payment in India.” Trading in RODTEP and ROSCTL scrips can unlock great value for both exporters and importers — but only if you...
