Search For "locs"
FICCI cautions Centre on possible reduction of credit support
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar. 16 (ANI): Responding to the Reserve Bank of India's (RBI) notice discontinuing the issuance of Letters of Undertaking (LOUs) and Letters of Comfort (LOCs) for trade credit for imports, the Federation of Indian Chambers of Commerce and Industry (FICCI) said although th
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Ban on LOUs/LUTs to impact trade facilitation and ease of doing business:
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar 15 (ANI-NewsVoir): Anil Khaitan, President, PHD Chamber of Commerce and Industry expressed his disappointment over RBI's announcement on discontinuation of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for trade credits for imports into India as it will i
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RBI discontinues LOUs/LOCs issuance for trade credit for imports
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar 13 (ANI): The Reserve Bank of India (RBI) on Tuesday announced discontinuation of the issuance of Letters of Undertaking (LOUs) and Letters of Comfort (LOCs) for trade credit for imports with immediate effect.
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