The Foreign Exchange Management Act (1999) or in short FEMA has been introduced as a replacement for earlier Foreign Exchange Regulation Act (FERA). FEMA became an act on the 1st day of June‚ 2000. FEMA was introduced because the FERA didn’t fit in with post-liberalisation policies. A significant change that the FEMA brought with it‚ was that it made all offenses regarding foreign exchange civil offenses‚ as opposed to criminal offenses as dictated by FERA. The main objective behind the Foreign
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------------------------------------------------- Why Is Reading Important? From time to time people have wondered why reading is important. There seems so many other things to do with one’s time. Reading is important for a variety of reasons. We will look at some of those fundamental reasons below‚ but it is important to realize that struggling with vital reading skills in not a sign a low intelligence. For example‚ John Corcoran‚ who wrote The Teacher Who Couldn’t Read‚ is a very intelligent
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us as possible. Exporting: Is the sending of goods out of the country to an international business (Webster’s Basic Dictionary‚ 2013). This usually involves in producing the product domestically and then also selling and shipping it abroad to a foreign country. The advantage and motive of this is; this is a way to expand the product to a new consumer and business franchise to capitalize on the growth opportunity of the company. It can help to minimize the level of risk and the investment. There
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Foreign Branch Meaning of Foreign Branches: Foreign branches are independent branches which are operating in foreign countries. Accounting in respect of Foreign Branches: Accounting in respect of foreign branches is done in the books of the branch as well as in the books of the Head Office. Accounting at Branch: As the foreign branch is an independent branch‚ it keeps a complete set of books on the double entry system‚ prepares all the necessary accounts including the account of
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Foreign Exchange Quotations Direct quotation: American Currency Quotation whereby the value of the American dollar (home currency)is stated as a per-unit measure of a foreign currency. This type of quotation shows how much U.S. currency it takes to purchase one unit of foreign currency. Symbol | Bid | Ask | High | Low | Chg. | Chg. % | Time | EUR/USD | 1.3335 | 1.3338 | 1.3375 | 1.3296 | -0.0038 | -0.29% | 15:52:24 | GBP/USD | 1.5691 | 1.5694 | 1.5724 | 1.5616 | -0.0028 | -0.17% | 15:52:24
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Entry into Foreign Market Rusty Buchanan International Business Environment: ITB305 Professor Ernesto J Saborio Strayer University 05 May 2013 Entry into Foreign Market Doing business on your own soil is challenging in itself‚ let alone in a foreign market. Initially a firm is at a disadvantage due to the liability of foreignness (Peng‚ 2011). The differences in regulations‚ languages‚ cultures‚ norms‚ and currency can make simple business transactions very daunting. A firm must do intensive
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Gandhi’s family insisted that Gandhi would not wanted the man to be harmed. SECOND SLIDE: Nathuram Godse’s motives of killing Gandhi is because he was a member of the Rashtriya Swayamsevak Sangh or RSS (National Volunteers’ Organisation in English) that was and is a hardline Hindu nationalist group that believes India only belongs to Hindus and they felt that Gandhi was getting in their way to take over India. THIRD SLIDE: The direct motive for the assassination is usually recognized
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Chandra Khadka English 060 Karen Ryan September 4‚ 2012 One sided love The author idea and my reaction was when I was younger my mother take care of both. After his school his mother drops him at girls home to take care of him. When he is at her home girls start to love him‚ but don’t know about the girl feeling My little is one sided one and author name was Kelly Ruth Winner .The man idea about the restate mean was we have to share our fillings to the person to whom we have feeing
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FDI or foreign direct investment is defined as cross-border investment that is made by company or entity. FDI can be done in a number of ways such as merger or joint venture‚ acquiring shares or stocks from foreign companies‚ or setting up a subsidiary or new company overseas. Studies about foreign direct investment have been discovered since a long time ago and foreign direct investment is critically important to growth in any economy (Caves‚ 2007‚ Dunning and Lundan‚ 2008). There are several main
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RUNNING HEAD: FOREIGN CORRUPT PRACTICES ACT Foreign Corrupt Practices Act Foreign Corrupt Practices Act In the 1970’s‚ hundreds of businesses were found to be making unethical practices in foreign countries. The Security and Exchange Commission (SEC) investigated and the findings compelled the US Congress to create the Foreign Corrupt Practices Act to require businesses to account for their business practices by providing records that portray an accurate documentation of the business
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