After reading this article you will learn about the convertibility of capital account in India. In India the Capital Account Convertibility means "the freedom to convert the local financial assets into foreign financial assets and vice-versa at a market determined rate of exchange. It is associated with the changes of ownership in foreign/domestic financial assets and liabilities and embodies the [...]
This article provides an overview on Employee Welfare in India. Need for Labour Welfare in India: The Directive Principles of State Policy in our Constitution expresses the need for labour welfare thus: 1. The State shall strive to promote the welfare of the people by securing and protecting as effectively as it may a social order in which justice, social, [...]
This article throws light upon the top five underwriting agencies in India. The agencies are: 1. Brokers 2. Private Investment and Insurance Companies 3. Commercial Banks 4. Development Banks and Other Financial Institutions 5. Consortium Underwriting. Agency # 1. Brokers: The private firms of stock brokers have been underwriting issues from very early times. But their participation has been on [...]