The introduction of an International Trade Settlement Mechanism in the Indian Rupee (INR) will expand India’s trade with countries facing shortage of the American dollar. It can also arrest the slide in the value of the INR against the United States dollar and pave the way for the INR’s acceptance as a global currency. The…
The Export Promotion Capital Goods Scheme (EPCG Scheme) was launched in the 1990s to facilitate the import of capital goods with the aim to enhance the production quality of goods and services, thereby, increasing India’s international Manufacturing competitiveness. This is a scheme relating to the import of capital goods at Zero duty. The benefit of…
Any Investment plan has its own advantages, be it for a short term or long term. Investors are usually keen on investing in Mutual Funds because of the risk management. However, needless to say, these investments also come with some disadvantages. This article talks about the advantages & benefits of mutual funds. Table of Content…
E-payments have been launched by the IT department for the online payment of direct taxes by taxpayers. As a result, taxpayers can now choose between two modes of payment for direct taxes: (I) the physical mode, i.e., payment made by presenting a hard copy of the challan at an authorised bank, and (ii) the electronic…
IND AS 109 Financial Instruments deals with the classification, reporting, de-recognition, and measurement requirements of all financial assets and liabilities. This standard guides the accounting and reporting of financial instruments (FI) to enable stakeholders to assess the timing and uncertainty of an enterprise’s future cash flow. In this article, we will discuss IND AS 109…
It is common to hold many savings accounts in our name but fail to keep them active. It is not easy to keep track of multiple savings bank accounts. It increases confusion and mismanagement. Not paying attention to managing your inactive bank account can cost you money. In this article, let us have a look…
Time value of money (TVM) is the concept that an amount of money is worth more now than the same amount will be in the future because of its earning potential in the interim. The time value of money is a root principle of finance. An amount of money in hand is worth more than…
E-Commerce, also known as electronic commerce or internet commerce, is an activity of buying and selling goods or services over the internet or open networks. So, any kind of transaction is considered E-commerce. E-commerce can be defined in many ways, some define E-Commerce as buying and selling goods and services over the Internet, while others…
This article briefly describes What is Alternative Investment Funds, & the Benefits of investing in Alternative Investment Funds (AIF). An Alternate Investment Fund (AIF) refers to an investment that differs from conventional investment avenues such as stocks, debt securities, etc. An Alternative Investment Fund is a type of investment that is distinct from traditional investments…
A fixed deposit is essentially an investment scheme, where you invest a lump sum amount with a bank or a financial institution for a specified period of time. In exchange for depositing this lump sum, you receive interest at a certain percentage as a reward. At the end of the specified period of time, the…