Union Budget 2024 Highlights
The Union Budget 2024 sets ambitious targets for holistic growth under ‘Sabka Saath, Sabka Vikaas’, despite global economic challenges. Measures like reducing the TReDS threshold, opening new SIDBI branches, revising the fiscal deficit target to 4.9%, empowering women, reducing customs duties, and incentivizing GIFT-IFSC are expected to positively impact our business ecosystem.
Factoring Vs Reverse Factoring: An Introductory Guide
Reverse factoring is a buyer-led supply chain financing programme that optimizes working capital by providing early payment to multiple suppliers, specially designed to cater to small and medium enterprises. It allows the credit worthy buyers to defer their payment.
How international factoring licensing can boost the Indian economy?
IFSCA established at GIFT City Ahmedabad, has floated guidelines to set up ITFS platforms for facilitating Trade Finance between Exporters and Importers, through Financiers from anywhere across the globe.