Foreign Exchange Management Act, 1999 (FEMA) An Act to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting orderly development and maintenance of foreign exchange market in India. The Act aims to regulate and manage foreign exchange transactions through the RBI. As per […]
Ex-im Blog
Foreign Exchange Regulation Act, 1973 (FERA) [As amended by the Foreign Exchange Regulation (Amendment) Act, 1993] FERA was an Act implemented to regulate foreign exchange and foreign securities dealings. The main objective of FERA was the conservation of foreign exchange resources of India and their proper utilisation for better economic development of the nation. An […]
Motivations for Export Different people/firms/companies have different motivating factors which enable them to get into international trade. However, the most common motivators can be classified into Proactive and Reactive: Proactive Better profits Innovations Technological edge Tax incentives Managerial initiative […]