Further, the RBI, in consultation with the government, decided to rationalise certain other provisions for SNRR AccountOther purposes for allowing such a move are for export or import invoicing and business related transactions outside International Financial Service Centre, all in INR
1 min read23 Nov 2019PNB fraud of Rs11,400 crore is casting its shadow over the rupee, already the second-worst performer in Asia this month, as banks tighten the availability of trade finance
1 min read23 Feb 2018China may announce this week a mandatory cap-and-trade credit programme for electric cars, according to the China Association of Automobile Manufacturers
1 min read11 Sep 2017The intent behind the deductible is to discourage small claims and cover cost of processing a claim
1 min read14 Oct 2014Companies can now avail trade credit of up to $20 million for a period up to five years for import of capital goods
1 min read25 Sep 2013Chart of the day | Growth in trade credit slows
1 min read12 Jul 2012The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared