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 [...]
International Finance is related to business decisions such as asset selection, resource allocation and financial management. 1. For Business Firms: Every firm faces the four important decision-making areas in financial management. These are: i. Investment decision ii. Financing decision iii. Working capital management decision iv. Dividend decision. Firms with a presence in different factor and product markets have to grapple [...]
In this article we will discuss about the types of international transactions and the risks associated with it. Types of International Transactions: Cross-border flows primarily occur due to international trade, FDI and cross-border portfolio investment. They also occur due to unilateral movement of funds between residents in two different countries (gifts are an example), payment to residents for services rendered(salary [...]