FERA and FEMA THE Foreign Exchange Regulation Act‚ 1973 (FERA) was repealed and a new Act called the Foreign Exchange Management Act‚ 1999 (FEMA) came into force with effect from June 1‚ 2000‚ with a view to facilitating external trade and payments and promoting orderly development and maintenance of foreign exchange market in India. UNDER the FEMA‚ foreign exchange transactions are divided into two broad categories - current account and capital account transactions. Transactions that alter the
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ECONOMICS ASSIGNMENT ON FOREIGN EXCHANGE REGULATION ACT (FERA) FOREIGN EXCHANGE MANAGEMENT ACT (FEMA) SUBMITTED TO- SUBMITTED BY- Dr. JASBIR SINGH SATISH CHAND BBA (GEN) SEC-B 07214901713 MAHARAJA SUSARJMAL INSTITUTE Foreign Exchange Regulation Act FERA CONCEPT Foreign Exchange Regulation Act (FERA) was
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World’s Columbian Exposition: Putting Chicago on the Map As noted by Robert W. Rydell‚ the author of World’s Columbian Exposition World’s Columbian Exposition‚ also known as the Chicago World’s Fair took place in Chicago from May 1‚ 1893 through October 30‚ 1893 (Rydell 1). The fair was designed to celebrate the 400th anniversary of Columbus’s discovery of the New World (1). The fair took place only shortly after the Chicago Fire and demonstrated Chicago’s ability to bounce back after great tragedy
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What is Internet? According to the definition provided by Oxford dictionary‚ the Internet is an arrangement of connected computers‚ which lets the computer users all over the globe exchange data. At the present time‚ approximately 33% of the world population has accessibility to the Internet. The Internet is an extraordinary entertainment and learning tool that may be utilized in a number of modes to increase the ability of a user to collect information. The principal components of the Internet
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in developing countries. Though developing countries will come to dominate the global economy‚ they will remain relatively poor. By 2050‚ China’s per capita income will be only 37 percent of the US level‚ and India’s just 11 percent‚ at market exchange rates. This dissociation between economic wealth and size will complicate the ability to reach international economic agreements‚ as relatively poor countries with growing influence are likely to have different perspectives on many issues from advanced
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It may also prevent them from providing their employees with health benefits. Obamabcare will also affect Medicare and Medicaid with budget cuts of around $ 716‚000‚000‚ a tax increase‚ and also increase the cost of medications. Health insurance exchange will be set up to try to organize the programs and offer different choices for health care plans. Overall‚ Obamacare will affect people that already have insurance by making their costs continue to rise. Obamacare is estimated to make the
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What is WTO? The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on 1 January 1995 under the Marrakech Agreement‚ replacing the General Agreement on Tariffs and Trade (GATT)‚ which commenced in 1948. The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements‚ and a dispute resolution process aimed at
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photos with others. Moreover‚ you can meet friends worldwide and exchange different cultures. Fun and entertainment can also be offered by the Internet. Shopping on line no longer sounds strange. It is handy and comfortable to get what you want on web sites and wait at home for the goods delivered. Children can play various kinds of on-line games. Indeed‚ the Internet has become a companion of man. Despite the numerous advantages of using the Internet‚ there are some disadvantages we should admit
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Advantages: Theoretically‚ there are many benefits that can be achieved through a communist society. Communist ideology supports widespread universal social welfare. Improvements in public health and education‚ provision of child care‚ provision of state-directed social services‚ and provision of social benefits will‚ theoretically‚ help to raise labor productivity and advance a society in its development. Communist ideology advocates universal education with a focus on developing the proletariat
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of interaction among the countries of the world in order to develop the global economy. Globalization refers to the integration of economics and societies all over the world. Globalization involves technological‚ economic‚ political‚ and cultural exchanges made possible largely by advances in communication‚ transportation‚ and infrastructure. Globalization has two facets; there are the globalization of markets and the globalization of production. The globalization of markets is merging of historically
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