Fundamentals of foreign exchange market and terminologies used in dealings

[This post contains fundamental aspects of foreign exchange; forex markets;  as well as over 100  terminologies used in  forex dealings such as direct and indirect Quote;buying rate, selling rate,forward exchange rate, swap rate,spot rate,cross rate, transaction date,value date, Spread, premium, discount, points, arbitrage, Interest arbitrage,Interest parity, future, hedging, Loro account, Nostro Account,Vostro account, etc.] Foreign…

Recovery through award of LOK ADALAT

Recovery through award of Lok Adalat is the easiest and fastest mode of recovery. The literal meaning of Lok Adalat is people’s Court. The concept comes under the ‘Alternative Disputes Redressal Mechanism’ like arbitration, conciliation etc. The pre-litigation up to Rs.20 lacs and suit filed accounts where plaint amount does not exceed Rs.20 lacs can be…