engineering success review magazine subscription
engineering success review magazine subscription
engineering success review magazine subscription Published this article page no 25 Liberalised Remittance Scheme allows all resident individuals including minors to freely remit up to USD 250000 per financial year for any permissible current or capital account transaction or a combination of both.Rationalisation of External Commercial Borrowing (ECB) Steps taken by RBI includeo Replacing the system of sector wise limits All entities eligible to receive FDI have been permitted to raise ECBs up to USD 750 million per financial year under automatic route subject to certain terms and conditions prescribed in the Guidelines. 25 o Relaxed the enduse restrictions related to ECBs allowing corporates and nonbanking finance companies (NBFCs) to raise ECBs for working capital and general corporate purposes.Foreign Direct Investment has been made more or less unrestricted except (i) for some sectoral caps and (ii) restrictions in a few socially sensitive (e.g. gambling) or volatile (e.g. real estate) or strategic (e.g. atomic energy) sectors. Benefits associated with CAC Facilitates economic growth CAC opens up markets to global players including investors businesses and trade partners leading to enhanced investment flows which in turn leads to economic benefits likeo Improved liquidity in financial markets and better risk allocation. o Reduction in the cost of both foreign equity and debt capital. o Offshore rupee market development. o Improved employment and business opportunities. o Positive pressures for better infrastructure and business practices.Improves the efficiency of the financial sector as openness to capital flows cano expose a countrys financial sector to greater competition. o spur improvements in domestic corporate governance to meet standards of foreign investors. o impose discipline on macroeconomic policies and the government engineering success review magazine subscription buy.
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