The RBI will now permit the banks to offer long-term advances to exporters to facilitate long-term supply contact with exporters. The exporters must have a minimum of 3yrs satisfactory record and must not have come under the adverse notice of Enforcement Directorate or any such regulatory agency. They must have irrevocable orders in place with a clearly vetted contract that … [Read more...] about RBI Permits Longterm Credit To Exporters
Exports
Reality Check On The Economy
While economists discuss price rise in terms of inflation or inflation expectations, for the common man it is the burden of increased price and an anxiety over its future. Inflation expectations are considered to have hardened if majority of consumers do not think prices of say essential commodities would come down. Nor does the common man, for who economic growth manifests … [Read more...] about Reality Check On The Economy