The term Capital Account Convertibility was coined by RBI and this term is almost synonymous with the RBI committee headed by SS Tarapore. Capital account convertibility (CAC) means the freedom...
The Government when introduced the Partial convertibility of Rupee in 1992, had announced its intention to introduce the full convertibility on the current account in 3-5 years. The...
The above mentioned Liberalized Exchange Rate Management System (LERMS) introduced a dual exchange rate system. This is also called as partial convertibility of the Rupee. Meaning of Convertibility...
From 1947 till 1956-57, the India had a current account surplus. By the end of the first plan, the Trade deficit was Rs. 542 Crore and Net Invisibles...
As we studied above, the BoP in India has been classified into BoP at current account BoP at Capital Account India’s BoP at Capital Account Under capital account,...
As we studied above, the BoP in India has been classified into BoP at current account BoP at Capital Account India’s BoP at Current Account This is calculated...
How BoP is adjusted? There is not much bothering if there is a surplus in the balance of payments, however, every country strives to remove or at least...
We all know that Foreign Currency is the backbone of a country’s economic relations with other countries. The balance of payments of a country is said to be...
The Balance of International payments or Balance of Payments refers to the systematic and summary record of a country’s economic and financial transactions with the rest of the...
This scheme is being implemented to assist exporters for their participation in approved EPC/Trade Promotion Organizations led export promotion events abroad. In this scheme the Export Promotion...
