In 2013, the Government of India implemented the National Food Security Act 2013. According to this Act, food ration material is made available to the families of economically weaker sections at a low price. This food material includes wheat, rice, coarse grains etc. Under this scheme, 5 kg of food material will be provided per […]
As per RBI’s Financial Stability Report December 2024, Gross NPA ratio of India’s banks falls to a 12-year low of 2.6%. NPA expands to non-performing assets (NPA). Reserve Bank of India defines Non Performing Assets in India as any advance or loan that is overdue for more than 90 days. “An asset becomes non-performing when it ceases
Barcodes are graphical representations of data that are optically machine-readable. In India, the use of barcodes has become ubiquitous across various industries. From retail to manufacturing, barcodes streamline processes, enhance accuracy, and contribute to the overall efficiency of supply chain management. What is Barcode? Barcodes are vertical lines representation that can be scanned electronically to
All SBI customers are asked to create a 4-digit debit card PIN or Green PIN after opening a savings or current account. SBI Debit Card PIN generation is required to activate your SBI debit card and enable a secure debit card transaction. Methods for SBI Debit Card PIN Generation SBI ATM PIN generation through ATM
The Finance Ministry is in talks with commerce, petroleum, fertiliser and pharma ministries on steps to cut CAD, the sources added. Official data released in December showed India’s current account deficit widened to $36.4 billion or 4.4 of GDP in the third quarter of 2022, from $18.2 billion or 2.2 percent of GDP in the second quarter.
House rents can become a real burden, mainly in metropolitan cities where getting a house on rent is difficult. Since the demand for the rented house is so high, the rent skyrockets daily. However, HRA is a financial benefit for salried employees that provide them with tax exemptions on the rent they pay for their
Bata India is the largest retailer and leading manufacturer of footwear in India and is a part of the Bata Shoe Organization. Incorporated as Bata Shoe Company Private Limited in 1931, the company was set up initially as a small operation in Konnagar (near Calcutta) in 1932. In January 1934, the foundation stone for the
Business Accounting is the process of recording, evaluating, and displaying financial transactions and data. A company’s performance can keep it on track, and we can also record everything from start to finish. If done manually, it is a very complex and time-consuming task. Accounting software such as QuickBooks and Tally is widely used in Indian
The AISHE report has been published by the Ministry of Education since 2011. Aim: To portray the status of higher education in the country. The survey covers all the institutions in the country engaged in imparting higher education. Data is being collected on several parameters, such as teachers, student enrollment, programmes, examination results, education finance, and infrastructure. Indicators of educational development such as
Related party transactions, as defined by the Companies Act 2013, involve business dealings between a company and its affiliated entities or individuals. These transactions can raise worries about conflicts of interest and have significant financial implications for the company. The term related-party transaction refers to a deal or arrangement made between two parties who are joined by
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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