It was in 1951 that State Financial Corporations Act was passed. In accordance with the provisions of the Act, first Corporation by Punjab Government was set up in 1953. At present there are 18 such corporations. Capital of the State Corporations: Each corporation can have a maximum authorised capital of Rs. 5 crores. The shares of the corporation can be [...]
Foreign exchange in India has been regulated in one form or the other since Independence. The Foreign Exchange Regulation Act (1947) was enacted as a temporary measure to deal with an acute foreign exchange crunch in the post-World War II period. Since the foreign exchange position continued to remain precarious, this temporary measure was made permanent in 1957. In 1973, [...]
Here is an essay on ‘Foreign Exchange Market’ for class 11 and 12. Find paragraphs, long and short essays on ‘Foreign Exchange Market’ especially written for school and college students. Essay Contents: Essay on the Regulation of Foreign Exchange Market Essay on the Nominal Effective Exchange Rate (NEER) of Foreign Exchange Market Essay on the Currency Devolution and Depreciation in [...]