Non Banking Financial Company (NBFC) in India – Role and Importance

Non Banking Financial Company (NBFC) A Non Banking Financial Company is a financial institution that does not have a full banking license and facilitates bank related financial services.  It means – (a) A financial institution that is a company (b) A Non-banking institution that is a company whose principal business is the receiving of deposits (c) Such other institution registered […]

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International Monetary Fund (IMF) – Objectives, Membership, Organization structure, Functions, Advantages, Criticism, India and International Monetary Fund

International Monetary Fund (IMF)   The International Monetary Fund (IMF), is an international monetary institution established by 44 nations under the Bretton Woods Agreement of July 1944.  It was established to – (a) promote economic and financial cooperation among its members (b) to facilitate the expansion and balanced growth of world trade (c) to eliminate the widespread devastation and economic […]

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World Trade Organization – Objectives, Functions,Structure,Benefits and Drawbacks

World Trade Organization  The Uruguay round of General Agreements on Tariffs and Trade (GATT) (1968-93) gave birth to World Trade Organization (WTO).  World Trade Organization was formed as a replacement for General Agreements on Tariffs and Trade in 1995 with the purpose of supervising and liberalizing international trade.  Unlike GATT, World Trade Organization is a permanent organisation which has been […]

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Export Promotion measures in India – EPZ, FTZ, SEZ – Meaning, Objectives and Benefits

Export promotion measures are public policy measures taken by the government of a country to potentially enhance the exporting activities and employment of that country. In India, a number of export promotion schemes have been in existence for some time which promote the industries that have a potential for developing and competing with foreign industries. A good example of export promotion in […]

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World Bank-IBRD-Membership, Objectives, Organizational structure, Capital Structure, Functions, Criticism, India and the World Bank

International Bank for Reconstruction and Development – World Bank   The International Bank for Reconstruction and Development (IBRD) commonly referred to as World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign investment and long term balance growth in international trade. World Bank was established in July […]

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Globalizaton – Meaning, Parameters, Features, Conditions, Types, Process, Advantages and Disadvantages

Globalization Globalization means integrating the economy of a country with the economies of other countries under conditions of free flow of trade and capital and movement of persons across borders. IMF defines globalization as “The growing economic interdependence between countries through increasing volume and variety of cross-border transactions in goods and services and of international capital flows and also through […]

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Liberalization – Need and Measures for Liberalization

Liberalization Liberalization of the economy means to free it from direct or physical controls imposed by the government. It refers to the removal or reduction of restrictions or barriers on the free exchange of goods between nations. It is the relaxation of existing or previous Government restrictions usually in areas of social, political or economic policy which results in greater participation of […]

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ETOP-Environmental Threat and Opportunity Profile

ETOP analysis   Environment threat and opportunity profile – It is a technique to structure the environment for fundamental business analysis. It was developed by glueck. The preparation of ETOP involves dividing the environment into different sectors and then analyzing the impact of each sector on the organization. A comprehensive ETOP requires sub dividing each environmental sector into sub-sectors and […]

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