Zero Waste Day in 2025 theme is zero waste in fashion and textiles. Let’s focus in reuse and repurpose and redesign clothes to add value and reduce waste which has been the root cause of so many problems in life. Wealth generated through generations is being wasted into landfills. Let’s protect next generations.
Author: admin
Foreign exchange
Developing countries keep struggling to hold their country’s currency exchange value vs. US Dollar. Indian economy is growing on average by 7% for last couple of years but still losing rupee value which impacts day to day life of common man. India aims to be Viksit Bharat by 2030 which would remain a distant dream unless and until India takes hard policy decisions to restrict use of hard earned foreign exchange judiciously and provide assistance to poor farmers/ small scale exporters through interest free loans/tax exemptions.
Foreign Portfolio Inflows must be regulated for long term growth of stock markets. Too much volatility has allowed hot money to flow in and out of the country which impacts stability of stock markets. There are no shortcuts to development of the country. Nation building requires stable and strong currency to manage growth in the interlinked global economy/world trade.
Happiness Report 2024
Understanding happiness index rankings based on life satisfaction, GDP per capita, social support, healthy life expectancy, freedom, generosity and corruption would require deeper connection with spiritual way of life. A successful but lower income group person would have higher level of satisfaction with life than a struggling high income group executive on account of higher aspirations. Work life balance can lead to higher levels of happiness but requires connection with spiritual way of living.
FEELING SECURE IS BASED ON BEING SATISFIED WITH VARIOUS ASPECTS OF LIFE SUCH AS HEALTH, WORK, SOCIAL, GOVERNMENT SUPPORT AND GROWTH PROSPECTS.
Guidelines for Supply-Chain finance
Supply-chain for any product line needs finance to sustain the cycle of procurement/production/processing/logistics/end use. There are primarily following options to raise finance.
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Forfaiting:
Seller assigns medium to long-term receivables to financial institution and buyer pays to financial institution on maturity. 100% value is paid to seller by financial institution. This option is primarily for international transactions based on financial instruments such as L/C, Promissory Notes,etc.
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Factoring
Financial institution purchases receivables from seller at discount and pays 80% of face value immediately and balance upon receipt of payment from buyer. This helps seller pay its suppliers in time and enjoy better credit rating for future business. Factoring is very popular way for financing export shipments as supply-chain cycle is longer than domestic business.
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Reverse-factoring (Payables finance):
Buyer can procure finance against accounts payables which would help arrange shipments to overseas customers in time.
