ontent      xxiii
        Managed Exchange rates                15.5     Invisibles                                15.15
        foreign Exchange Market               15.5     Composition of Trade                      15.15
        Exchange rate in India                15.6     New Steps to Promote trade                 15.16
        trade Balance                         15.6     Exchange rate Monitoring                   15.17
        trade Policy                          15.6     rtAs by India                              15.18
        Depreciation                          15.6     New foreign trade Policy                   15.19
        Devaluation                           15.6     Trans-Pacific Partnership                  15.21
        revaluation                           15.7     transatlantic trade and Investment         15.22
                                                       Partnership
        Appreciation                          15.7
                                                       Deglobalisation and India                  15.22
        Current Account                       15.7
        Capital Account                       15.7 16. INtErNAtIONAL ECONOMIC 16.1–16.14
        Balance of Payment (BoP)              15.7     OrGANISAtIONS AND INDIA
        Convertibility                        15.8     International Monetary System               16.2
        Convertibility in India               15.8     Bretton Woods Development                   16.2
        Current Account                       15.8     International Monetary fund                 16.3
        Capital Account                       15.8
                                                       World Bank                                  16.5
        LErMS                                 15.9
                                                       India’s BIPA                                16.6
        NEEr                                  15.9
                                                       Asian Development Bank                      16.6
        rEEr                                  15.9
                                                       OECD                                        16.7
        Eff                                   15.9
                                                       World trade Organization (WtO)              16.8
        IMf Conditions on India               15.9
                                                       Nairobi Negotiations & India                16.9
        Hard Currency                        15.10
                                                       Buenos Aires Conference and India          16.10
        Soft Currency                        15.10
                                                       BrICS Bank                                 16.11
        Hot Currency                         15.10
                                                       Asian Infrastructure Investment Bank       16.12
        Heated Currency                      15.10
                                                   17. tAx StruCturE IN INDIA               17.1–17.19
        Cheap Currency                       15.10
                                                       tax                                         17.2
        Dear Currency                        15.10
                                                       Methods of taxation                         17.2
        Special Economic Zone                15.11
                                                       A Good tax System                           17.3
        GAAr                                 15.11
                                                       Methods of Expenditure                      17.4
        risks in foreign Currency Borrowings 15.13
                                                       value Added tax                             17.4
        India’s External Performance         15.14
        Trade Scenario                       15.14     Goods and Service tax                       17.6
        Trading Partners                     15.14     Commodities transaction tax                 17.8