RBI discontinues Automatic Caution Listing of Exporters
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to discontinue the system-based automatic caution-listing of exporters in view of the impact of the COVID-19 pandemic. While reading the Statement on Developmental and Regulatory Policies dated 09.10.2020, RBI Governor Shaktikant Das said that “Exports have been adversely impacted by the…
Read article Govt. orders cutoms to allow Auto LEO under ECCS to ensure ease of doing exports
Central Board of indirect revenue and customs, Ministry of Finance in its letter dated September 7, 2020, asked the Principal Chief Commissioner and Chief Commissioner to allow the facility of Auto Let Export Order (LEO) under the Express Cargo Clearance System (ECCS), in order to facilitate exports by courier and to enhance the global competitiveness…
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Hereafter participants can settle the ACU transactions in ACU Dollar or ACU Euro or in ACU Japanese Yen
In the settlement system under the Asian Clearing Union (ACU) Mechanism, all instruments of payments are required to be denominated in Asian Monetary Unit. The Asian Monetary Unit is the common unit of account of ACU and is equivalent in value to one U.S.Dollar. Hitherto, the Asian Monetary Unit was denominated only as ACU dollar.[…
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What is a convertible note?
A convertible note is a form of short-term debt instrument issued by a start-up company that converts into equity, typically in conjunction with a future financing round. It means the investor would be loaning money to a startup and normally would receive equity in the company in lieu of a return in the form of…
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Who is an FVCI?
FVCI stands acronym for Foreign Venture Capital Investor’ (FVCI). FVCIs are investors incorporated and established outside India and registered with the Securities and Exchange Board of India under the Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations, 2000. They can make an investment in India in terms of schedule 7 of FEMA…
What is meant by Foreign Investment, Foreign Direct Investment, and Foreign Portfolio Investment?
This article distinguishes amongst foreign investment, Foreign Direct Investment, Foreign Portfolio investments, Qualified Foreign Investor (QFI), Foreign Institutional Investor (FII), etc. Foreign Investment: Any investment made by a person resident outside India on a repatriable basis in capital instruments of an Indian company or to the capital of a Limited Liability Partnership (LLP) is known…
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