Cash Reserve Ratio is one of the many monetary policy tools that RBI uses to control the money supply in the economy. RBI is the central bank of our country which manages the money supply to various other commercial banks, NBFCs and other lenders, which ultimately supply money to the rest of the country. The […]
Modi Cabinet 3.0: Narendra Modi has made history by returning for the consecutive third term as Prime Minister, only second after Jawaharlal Nehru. The BJP emerged as the largest party with 240 Lok Saha seats, 32 short of the majority Prime Minister Narendra Modi, along with 71 ministers, took oath of office on Sunday at a
Once you submit the Income Tax Returns, the next and final step of the e-filing process is verification. The Income Tax Department (IT Department) checks the income declarations and tax paid to see if all these details match. If the taxes paid are found to be less than what you owe, they will issue you
The Kerala government introduced the Dr. MGR Memorial Scheme, popularly known as the Inter-Caste Marriage Scheme, as a progressive effort to encourage social peace and eliminate caste divisions in the state. Couples who qualify under this programme and reside in Kerala but come from different castes are entitled to apply for financial aid of up
There are several financial incentives exclusively offered to senior citizens in India, as a part of social security and welfare programs. Starting from health to tax benefits, these incentives aim to ease the financial burden of such individuals and make their lives convenient. a senior citizen of the nation if you are 60 years of age or
The West Bengal state government has established various rules and regulations under the Bengal Excise Act 2012, making it mandatory for restaurants, hotels, and clubs that wish to sell alcohol on their premises to obtain a liquor license. A liquor license is a document that allows a business to sell alcoholic beverages in a specific location. Those who
A digital signature—a type of electronic signature—is a mathematical algorithm routinely used to validate the authenticity and integrity of a message (e.g., an email, a credit card transaction, or a digital document). Digital signatures create a virtual fingerprint that is unique to a person or entity and are used to identify users and protect information
A Trademark means a logo, name or symbol that helps consumers identify the goods and services of a brand/business. Trademarks indicate the source of the services or goods. There are various categories of trademarks, such as a logo, sound, word, shape, design, letters, a combination of words and letters, etc. Trademark owners usually put the symbol ™
‘Input Tax Credit’ or ‘ITC’ means the Goods and Services Tax (GST) paid by a taxable person on any purchase of goods and/or services that are used or will be used for business. Input ITC can be reduced from the GST payable on the sales by the taxable person only after fulfilling some conditions. These conditions given
The Mahatma Gandhi National Rural Employment Guarantee Act – 2005 (MGNREGA) was initiated to enhance livelihood security in rural areas by providing at least 100 days of guaranteed wage employment in a financial year to every household whose adult members volunteered to do unskilled manual work. Thus, MGNREGA is a powerful instrument for ensuring inclusive
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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