FOREIGN EXCHANGE

Govt. hikes tax on international credit card spends on foreign trips

Cessation of LIBOR:  Complete transition away from LIBOR from July 1

Why did regulators decide to decommission LIBOR?

Levy of charges on forex prepaid cards/store value cards/travel cards, etc.

Resident Individuals may also open a Foreign Currency Account (FCA) in IFSCs under the LRS scheme

Money transfer guide for NRIs who sold their property in India

Forex arbitrage and Interest arbitrage explained

Points to be remembered while handling import documents

RBI renews the Statement of Commitment (SoC) to the FX Global Code (“Code”).

RBI liberalises with several measures to improve the forex in-flow

RBI direction on import of gold by Qualified Jewellers as per IFSCA guidelines

Banks may use an Alternative reference rate in place of LIBOR for export/import transactions: RBI

General Allocation of Special Drawing Rights -SDR by the IMF

Foreign exchange remittance limit for entities other than individuals

Rupee loan to an NRI/PIO by a resident individual

What is a Shipping Bill?

What is a bill of lading?

The difference between the House Bill of Lading and Bill of lading explained

Interest Equalisation Scheme for Export Credit

What is Rupee Drawing Arrangement (RDA)?

What is Money Transfer Service Scheme- MTSS?

Now residents can make remittances to IFSCs under LRS

RBI revives instructions about Refund of Export Proceeds of goods exported from India

RBI permits banks to Set-off of Export receivables against Import payables

RBI offers greater flexibility on ‘write-off’ of unrealized export bills

Now Banks may regularize Direct Dispatch of Shipping Documents to the consignee for any value

Ministry issues the draft Merchant Shipping Bill, 2020

RBI discontinues Automatic Caution Listing of Exporters

Hereafter participants can settle the ACU transactions in ACU Dollar or ACU Euro or in ACU Japanese Yen

Who is an FVCI?

What is meant by Foreign Investment, Foreign Direct Investment, and Foreign Portfolio Investment?

Revised guidelines for Merchanting Trade Transactions (MTT)

RBI permits Inter-bank dealings beyond on-shore market hours

Hedging of foreign exchange risk by residents and non-residents

FEDAI RULES: Business Hours for quoting FX rates

RBI taking steps to develop Off-shore Rupee market

FX retail: Now Foreign Exchange retail trading platform for retail customers of banks

Meaning of devaluation of a currency

Online forex platform to benefit retail buyers/sellers of foreign currency

How a bank charges on early delivery or cancellation of forward contracts?

Forward Contract explained

Bank Guarantee for Import of service

Person resident in India VS ordinarily and not ordinarily resident

Meaning of incoterms ‘Delivered at Terminal’ (DAT)