Key Highlights Introduction Studying abroad can help international students reach great things. It is important to have a good plan for money. You need to cover tuition, tuition fees, living expenses, and some other costs. After that, you will have to choose the best way to send money to your child’s bank account in another
Key Highlights Introduction The world of global trade changes fast, and many people in India face trouble with slow cross-border payments. These delays and extra costs make things hard for exporters. Now, central banks around the world are starting to use Central Bank Digital Currencies (CBDCs). This new way can help solve problems with sending
Key Highlights Introduction In the world of international trade, getting paid on time is just as important as securing the order. For Indian exporters, payment delays can disrupt operations, strain relationships, and create serious cash flow issues. The causes vary — from incorrect documentation and inefficient banking to misaligned payment terms or foreign exchange delays.
Key Highlights Introduction Navigating international trade without an updated Import Export Code (IEC) can be a costly oversight for Indian exporters. Issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce, Government of India, the IEC is essential for seamless trade operations. As international trade regulations evolve, annual renewal ensures compliance
Key Highlights Transitioning smoothly, let’s dive into the basics of e-BRC and its importance in export transactions. Introduction The Electronic Bank Realisation Certificate (e-BRC) serves as proof of export payment receipt, issued digitally by banks. It marks a significant step in modernising export documentation, replacing cumbersome paperwork. The Directorate General of Foreign Trade (DGFT) introduced
Key Highlights Complete Guide to Foreign Inward Remittance Certificate Introduction Understanding the foreign inward remittance certificate (FIRC) is important for anyone dealing with international payments or money transfers. This document helps with following the rules and making sure that the foreign currency coming in meets RBI guidelines. Whether you are a freelancer, a startup, or
