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Convertibility of Rupee in India on Current Account and on Capital Account  Best Coaching for CBSE UGC NET 8 July 2018   https://goo.gl/i34Npu  Complete Course for CBSE UGC NET Paper 1 The convertibility of a currency such as Rupee has different meanings in different times. In existing standards, it means that the country’s currency becomes convertible in foreign exchange and vice versa in the market. The definition should be seen in historical aspect of foreign currency regulation in India. Almost at the same when India got independence, the Foreign Exchange Regulation Act 1947 was enacted with the object of regulating certain dealings in foreign exchange and the import and export of currency and bullion. The focus of this act was on dealings in Foreign exchange and payments which directly affect foreign exchange resources. This act was later replaced by the Foreign Exchange Regulation, Act, 1973, which we call FERA. Later FERA was laid to rest and its successor...

What is Venture Capital? It is a private or institutional investment made into early stage/start-up companies (new ventures). As defined, ventures involve risk (having uncertain outcome) in the expectation of a sizeable gain. Venture Capital is money invested in businesses that are small; or exist only as an initiative but have huge potential to grow. The people who invest this money are called venture capitalists (VCs). The venture capital investment is made when a venture capitalist buys shares of such a company and becomes a financial partner in the business. Venture Capital investment is also referred to risk capital or patient risk capital, as it includes the risk of losing the money if the venture doesn't succeed and takes medium to long term period for the investments to fructify. Venture Capital typically comes from institutional investors and high net worth individuals and is pooled together by dedicated investment firms. It is the money provided by an ou...

                                          FINANCIAL MANAGEMENT INTRODUCTION Ø The term financial management can be defined as the management of flow of funds and it deals with the financial decision making. Ø The objective of maximization of shareholders wealth has been taken as the primary goal of financial decision making and maximization of profit is the second main objective of financial management. Ø A firm wishes to maximize the profits may opt to pay no dividend and to reinvest the retained earnings whereas a firm that wishes to maximize the shareholders wealth may pay regular dividend. Ø Capital budgeting related to fixed assets Ø Working capital management related to current assets. Ø The dividend decisions is almost regular decision in the sense that it is taken whenever the firm wants to distribute interim dividend, final dividend or bonus to s...