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Exchange risk management tools in international trade

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Why is Exchange  risk management needed in international trade (forex trade)? —Multinational companies, import-export businesses, investors, and individuals making international transactions face foreign exchange rate risk. Exchange rate fluctuations are a daily occurrence. — As the value of major currencies fluctuate against each other, it creates income uncertainties for anyone doing cross-border transactions Thus, there … Read more

Take a look at the baggage rules of Indian customs

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guide for Travelers BAGGAGE RULES AT AIRPORT CUSTOMS GREEN AND RED CHANNEL CLEARANCE Every passenger entering India has to pass through a Customs check. The passenger has to declare the contents of his baggage in the prescribed Indian Customs Declaration Form. For Customs clearance of arriving passengers, a two-channel system is adopted. At international airports … Read more

what is electronic bill of lading in shipping-eB/L ?

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electronic bill of lading

With the introduction of E-commerce, in international trade, there has been a gradual shift in the way in which business operates. Traditional management of global supply chain was too slow, error prone and inflexible to operate competitively. ‘Bolero’ is a digitalized data interface where electronic bill of lading is issued per consignment in real time. … Read more

what is the foriegn trade policy of India?

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foriegn trade policy.jpg

Road ahead for Indian foreign Trade policy. This year, India’s Commerce and Industry Minister, Piyush Goyal, presented the new foreign trade policy for 2023-28 and set an ambitious goal to achieve US$2 trillion in exports by 2030. The policy included new initiatives that directly benefit Indian SMEs seeking to expand their reach and sell more … Read more