Regional Economic Integration (REI)

Regional Economic Integration (REI)

Regional Economic Integration refers to agreements among countries in a geographic region to reduce and ultimately remove tariff and non tariff barriers to the free flow of goods, services and factors of production between each other. The various levels of REI are 1. Free Trade Area: All barriers to trade such as tariffs and quotas are removed among member countries t promote free trade. Example- NAFTA (North American Free Trade Agreement) 2. Customs Union: The…

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China’s protest..

Despite China’s protest, India boldly inducts Japan in Malabar naval drill Exercise Malabar is an effort made by the USA and India to conduct regular naval training exercises in the Indian Ocean. It was started in the year 1992 as a bilateral event that includes diverse activities, ranging from fighter combat operations from aircraft carriers, through maritime interdiction operations, and counter-piracy and counter-terrorism operations. Over the years despite its complexity, India and the US have…

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FDI IN MULTI BRAND RETAIL??????

The most controversial policy of UPA government which was represented in 2012 by the Finance Minister of that time P. Chidambaram. The government now had opposed this policy that time but now is supporting the as it is policy of UPA government. Vice-Chairperson of DIPP the regulatory board for FDI in India said that from last few months India become one of the most open economy leaving only some policies like FDI in multi-brand retail.…

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WHAT ABOUT FDI IN E-COMMERCE

India today is one of the widest emerging market for the in e-commerce either it may B2B or B2C, we have many e-commerce companies to full-fill our daily needs. For instance, if we need cloths there are many websites from which we can order from, as FLIPKART, AMAZON and many more, thus being a good sector to be think about for enhancing it by taking out a economic Reform, FDI in e-commerce. DIPP the regulatory…

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Foreign Direct Investment

Foreign Direct Investment-Governing Laws, Developments and Existing trends Foreign Direct Investment (FDI) refers to the net inflows of investment expenditure towards the acquisition of a lasting management interest usually 10% or more in an institution or an enterprise with established or developed operations in a market of the economy other than that of the investor. Foreign direct investment is a transitional catalyst that initiates the conversion of an economy from a closed economy to an…

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All Confused About Policies….

It’s not the first time a government is standing or passing a policy which when they are in opposition are opposed on. Not only those are opposed on as well as every government tries to reform the policies in their way to which they are in favor at time they are in opposition. We have many examples in front of us for example Land treaty with India and Bangladesh, Land Acquisition Bill, an 51% FDI…

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Foreign Trade: Balance of Payments

Meaning of Balance of Payments: It is an accounting statement that provides a systematic record of all the economic transactions, between residents of a country and the rest of the world in a given period of time. Structure of Balance of Payments:- a) Balanced BOP: BOP is balanced when receipts of foreign exchange are equal to payments of foreign exchange. b) Surplus BOP: BOP is surplus when receipts of foreign exchange are more than payments of…

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FDI- “BONE OR BANE”

I am not taking an issue which is precise or new these days. This issue is raised many times in parliament and will be raise many times in future. FDI means FOREIGN DIRECT INVESTMENT, by hearing this word FDI people considered about a most hike and protested policy of UPA government “FDI in Multi-brand retail”. But FDI is not just FDI in multi brand retail but it is in many fields. In INDIA FDI is…

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EXPORT AND IMPORT PAYMENT METHODS

Payments Practices in International Trade: To succeed in today’s global marketplace —exporters must offer their customers attractive sales terms —supported by the appropriate payment method to win sales against foreign competitors. As getting paid in full and on time is the primary goal for each export sale, —an appropriate payment method must be chosen carefully to minimize the payment risk while also accommodating the needs of the buyer. —During or before contract negotiations, it is advisable to consider which…

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An Indian resident buys, while 2 NRIs sell.

Sometimes, a title of an article seems different than what is actually written. The reader does not understand it until he/she reads the whole article. Such an article is this one. After independence, India was not well developed economically and (with no offence to my countrymen) was comparatively poor. In order to become self sufficient, we followed the economic policy of import substitution. Gradually it was a success and we became net exporter of various…

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