Author: Manoj

Positive Attitude

follow Attitude means a mental position with regard to a fact or state. It reflects a tendency to classify objects and events and react it with some consistency. Attitude is not directly observable but rather is inferred from the objective and evaluative responses a person makes. People with positive attitude are always at the win-win position.…

By Manoj February 26, 2017 0

How to Win Friends

http://zspskorcz.pl/pictose/eseit/1756 Practice the following things whish is generally accepted and found in the mostly successful persons towards mankind: -Make yourself a personality with whom everyone likes to talk i.e. be light even if you achieves anything (position, reputation, wealth) in your life. Try to mingle with everyone around you whether old, young and children’s. People should…

By Manoj February 26, 2017 0

Letter of Credit

follow url A standard, commercial letter of credit is a document issued mostly by a financial institution on the request of the buyer in favour of supplier of goods which usually provides an irrevocable payment undertaking. It may be Inland LC or Foreign LC. In this case the buyer bank gives guarantee on behalf of its client…

By Manoj February 26, 2017 0

Motivation

go site MOTIVATION Motivation indicates an inner force (whether self influence or by others) of a person’s mind and heart which take’s that person into a particular direction/situation/position. Sometime this force is so strong that a person persuaded to act accordingly. He/she fails to apply his mind and even unable to judge the situation whether the same…

By Manoj January 27, 2017 0

Financial Risks

get link European and American bank failed because many borrowers defaulted to repay the installment of loans when the interest rate increased. Money blocked into the system. Then government came with bailout plan in case of USA and IMF in case of European countries. Later on, to recover faster they started to lend at such rate which…

By Manoj September 25, 2016 0

Bank Guarantee

follow site INTRODUCTION: Bank Guarantee means a comfort, which is being given by issuing bank, to a party (Beneficiary in whose favour the guarantee is issued) of losses or damages if the Client (on whose behalf the guarantee is being issued) fails to complete or conform to the terms of agreement. By issuing the guarantee, the issuing…

By Manoj September 25, 2016 0

Buyers Credit by EXIM Bank

follow url INTRODUCTION Under this scheme, the EXIM Bank finances and facilitates project exports from India by way of extending buyers credit facility to overseas sovereign governments and government owned entities. The overseas buyer will get the facility in relation to import of goods and services from India on deferred credit. Buyer’s credit is a financing mechanism…

By Manoj September 19, 2016 0

Bill Discounting

go to site BILL DISCOUNTING After shipment of goods, the exporter may submit the export bill to its bank for discounting/ purchase. This bill discounting facility may be a sub-limit to packing credit or may be a separate limit depends on the banks sanctioning authority. In bill discounting, bank buys the export bills (i.e. bill of exchange/promissory note)…

By Manoj September 16, 2016 0