Foreign Trade Management



 Indian Foreign Trade – Paper 1st

 Foreign Exchange Management – Paper 2nd

Curriculum of Indian Foreign Trade – Paper 1st   (IIBM- E1041)

S.No. Topics
 1 Export and Import Policy:-Learning Objectives, Foreign Trade Policy-A Historical Perspective, The Foreign Trade (Development And Regulation Act, 1992), EXIM Policy, 1992-97, New EXIM Policy, 1997-2002.
2 Balance of Payment:-Learning Objectives, The Management of Balance of Payments Some Issues, Issues in Exchange Rate Management, Elements in the Capital Account, External Sector, International Trade and India, Terms of Trade, Composition of Trade, Direction of Trade, Invisible, Modalities of Policies Towards International Capital Movement, Foreign Exchange: A Historical Perspective, Foreign Exchange Rate, Convertibility of the Rupee, External Debt, Debt Service Payments and Ratio, International Economic Environment.
3 International Framework of Exports:-Learning Objectives, Background, The Problems and Prospects, Global Trading Scenario, Remodeling Business Strategy, Support Measures for Reversing the Decelerating Trend, Reviewing and Recasting the EXIM Policy, Some other Promotional Steps, A Review of Trade Performance in India’s Five Year Plans, Indian Economy on the Eve of Ninth Five Year Plan, Targeting Products and Markets, Markets for Focused Attention, Business Reengineering, Macro Policy Measures and Strategic Steps, Promotional EXIM Policy, States’ Role in Export Promotion, Administrative Reform and Export Culture.
4 Understanding of New Export-Import Policy:-Learning Objectives, Aims and Objectives, Redeeming Features of the Policy, Duty Exemption Scheme, EOU/EPZ Scheme, Deemed Export Scheme, Export Houses, Trading Houses, Star Trading Houses, Super Star Trading Houses, Diamond, Gems and Jewellery Export Promotion Scheme, Special Provision for Farm Sector, Other Export Inducing Measures, Import Liberalisation, Simplification of EXIM Procedures, Some Essential Export Push Measures.
5 Liberalisation and Globalisation:-Learning Objectives, Pre-Liberalised Era, Process of Liberalisation, The Process of Globalisation, Consumer Goods Imports, Present State of Indian Agricultures, Step-By-Step Globalisation of Agriculture, Globalisation of Indian Industry.
6 Indian Joint Ventures Abroad:-Learning Objectives, Introduction, Policy Perspectives, Major Ventures, Post-Mortem of a Transnational Partnership.
7 Foreign Direct Investment Policy:-Learning Objectives, Major Issues in Foreign Investment, Foreign Direct Investment during the Pre-Liberalisation Period, 1981 to July 1991, FDI during Post-Liberalisation, August 1991 to March 1994, Advantages of Foreign Direct Investment (FDI),  A Comparative Scenario of FDI in Competing Nations, Suggestions for Attracting a Higher Quantum of FDI, Policy and Procedure Governing Industrial Approval, Foreign Investment Promotion Board (FIPB), Impact of Policy.
8 Export Processing Zones and Export Oriented Units:-Learning Objectives, Definition, Export Processing Zones, 100 Per Cent Export- Oriented Units, Problems, New Initiative: National and International Trend.
9 Institutional Infrastructure for Export Promotion in India:-Learning Objectives, Introduction, Consultative and Deliberative Body-Board of Trade, Commodity Organizations, Services Institutions, Indian Government Trade Representatives Abroad.

Curriculum of Foreign Exchange Management – Paper 2nd (IIBM- E1042)

S.No. Topics
 1 Foreign Exchange Management:-Introduction, How to Read a Currency Quote, Market Size and Liquidity, Market Participants, Trading Characteristics, Determinants of FX Rates, Financial Instruments, Exchange Traded Fund, Structure of Foreign Exchange Market.
2 Foreign Exchange Risk:-Introduction, Exchange Risk in Enterprises, Exchange Risks for Banks, Need for Covering Exchange Risks.
3 Management of Foreign Exchange Exposure:-Introduction, Types of Foreign Exchange Exposure.
4 Exchange Rate Mechanism:-Introduction, History, European Monetary System, European Monetary Institute, Exchange Rate Bands, Chicago Mercantile Exchange, Trading Methods.
5 Spot Exchange Market:-Introduction, Magnitude of Spot Market, Trading Characteristics, Quotations on Spot Exchange Market, Evolution of Spot Rates, Cross Rates, Equilibrium on Spot Markets.
6 Forward Exchange Market:-Introduction, Features of Forward Market, Quotations on Forward Market, Cross Rates, Quotations for Odd Number of Days, Formation of Forward Rates, Premium or Discount, Equilibrium in the Forward Currency Market, Quoting Prices of Goods Exported.
7 Derivatives: Introduction, Uses, Types of Derivatives, Portfolio, Cash Flow, Valuation, Market and Arbitrage-Free Prices, Criticisms, Definitions.
8 Currency Futures:-Introduction, History, Uses, Types of Participants, Features of Currency Futures, Trading Process, Relation Between Spot Rate and Futures Prices.
9 Currency Options:-Introduction, Basis of Currency Options, Terminology, Quotations of Options.
10 Options Strategies:-Introduction, Bullish Strategies, Neutral on Non-Directional Strategies, Covered Call, Naked Put, Collar, Straddle, Butterfly (Options), Iron Condor, Spreads.
11 Currency Swaps:-Introduction, Definitions, Types of Currency Swaps, Interest Rate Swap, Total Rate Swaps, Process of Swap Deals, Risk Management with Currency Swaps, Swap Market in India.
12 Forecasting Exchange Rates:-Need For Exchange Rate Forecasts, Techniques of Forecasting Exchange Rates, Forecast Error.
13 International Taxation:-Introduction, Bases of International Tax System, Types of Taxes,  Tax Havens, Modes of Double Taxation Relief, Foreign Exchange Taxation Rules, Generally Accepted Accounting Principles (GAAP), Income Tax Treatment of Foreign Exchange, Changes Between the New and Old Forex Law, Tax Treatment of Derivatives, Tax Treatment of Derivatives in USA, Tax Treatment of Specific Derivatives in India.

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