Risk management can be defined as activities that are undertaken to reduce exposure to loss

Risk management is still approached from the point of view of it being one aspect of internal control, which itself is one aspect of corporate governance The need to define a framework within which risk management is to be undertaken is still a key message within the revised guideMuch of the guidance still revolves around the application of a risk management process which enables organizations to identify, assess and control risks The need to embed and review risk management is still seen as a key element of implementing an effective approach to risk management The guide still provides guidance about how risk management needs to be tailored to meet t he needs of different organizational perspectives, i.e. strategic, programme, project and operational There is still guidance on the use and application of a wide range of risk management techniques.

The Foreign Trade Policy (FTP) 2009-2014, incorporating provisions relating to export and import of goods and services, shall come into force with effect from 27th August, 2009 and shall remain in force upto 31st March, 2014 unless otherwise specified. All exports and imports upto 26th August 2009 shall be accordingly governed by the FTP 2004-2009. (b) The Foreign Trade Policy, 2009-2014, incorporating the Annual Supplement as updated on 5th June, 2012 shall come into force with effect

With a view to continously increasing our percentage share of global trade and expanding employment opportunities, certain special focus initiatives have been identified/continued for Market Diversification, Technological Upgradation, Support to status holders, Agriculture, Handlooms, Handicraft, Gems & Jewellery, Leather, Marine, Electronics and IT Hardware manufacturing Industries, Green products, Exports of products from North-East, Sports Goods and Toys sectors. Government of India shall make concerted efforts to promote exports in these sectors by specific sectoral strategies that shall be notified from time to time.

Exports and Imports shall be Free, except when regulated. Such regulation would be as per FTP and/or ITC (HS). 2.1.4Prohibition on Import of Charcoal from Somalia Export / Import of Restricted Goods/ Services Terms and Conditions of an Every Authorisation shall contain such Authorisation terms and conditions as may be specified by RA which may include: (a) Description, quantity and value of goods; (b) Actual User condition; (c) Export Obligation;

(d) Minimum Value addition to be achieved; (e) Minimum export/import price; (f) Validity period as specified in HBP v1. 2.9 Authorisation -not a Right Importer-Exporter Code (IEC) Number Trade with Neighbouring Countries Import on Export Basis Re-import of goods repaired abroad Import of goods used in projects abroad Import under Lease Financing No specific permission of RA is required for lease financed capital goods.

2.26 Private/Public Bonded Warehouses for Imports Export of Imported Goods Export of Replacement Goods Denomination of Export Contracts Export Promotion Councils (EPC) Exemption from Service Tax in SEZ e-BRC Bank Realization Certificates (BRCs), evidencing receipt of

Emerging Markets: Not less risky United States Europe Asia Geopolitics India

Gareth Copley/Getty Images "India in 20

South Africa RED HERRING: Geopolitics of Energy RED HERRING: Global Protectionism RED HERRING: European Separatism