The “Disability Pension for the Construction Workers” by the Delhi Building and Other Construction Workers Welfare Board, Labour Department, Delhi, is a welfare scheme for the registered workers of the board. Through this scheme, disability pension of ₹3000/- per month is provided to the permanently disabled members due to paralysis, leprosy, T.B and accidents etc. […]
Revenue based financing (RBF), or royalty-based financing, is a way for businesses to raise capital without putting equity or collateral on the line. What Is Revenue-Based Financing? Revenue-based financing, also known as royalty-based financing, is a method of raising capital for a business from investors who receive a percentage of the enterprise’s ongoing gross revenues in
The Uttar Pradesh government, recognizing the unique challenges faced by widows living within the state, has implemented the Widow Pension Scheme. This compassionate initiative, administered by the Women Welfare Department, offers a vital form of financial assistance to these vulnerable women. The scheme provides a monthly pension, acknowledging the significant impact of losing a spouse on
Company needs additional capital and keeps the voting rights of the existing shareholders proportionately balanced, the company issues Rights shares. The issue is called so as it gives the existing shareholders a pre-emptive right to buy new shares at a price that is lesser than market price. The Rights issue is an invitation to the
A merchant discount rate is the rate levied on debit and credit card transactions to a merchant for the payment processing services. Before accepting debit and credit cards as payment the merchant must set up this service and agree to the rate. The merchant discount rate is a price that merchants must take into consideration when calculating their company’s overall costs. Most retailers will expect
A write-off is a business accounting expense that accounts for unreceived payments or losses. A write-off reduces taxable income on a company’s income statement. What is a Write-Off? In accounting, a write-off reduces the value of an asset on the balance sheet while debiting a liabilities or expense account. Businesses use write-offs to account for losses such as unpaid loans, unrecoverable receivables, or unusable
GST, or the Goods and Services Tax, was first introduced in India on July 1st, 2017. Interstate and intrastate GST are the most important components of GST as it helps one determine whether IGST, CGSST, or SGST is to be paid. Whether a supply is considered interstate or intrastate depends on the location of the supplier and the place
Short title, extent and commencement (1) This Act may be called the Trade Marks Act, 1999. (2) It extends to the whole of India. (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint: Provided that different dates may be appointed for different provisions of
The Income Tax Act, 1961, levies a tax on every individual who earns an annual income over the tax-exempt limit, at a prescribed rate. In this regard, a senior citizen’s earnings can exist in the form of pension, interest on savings, fixed deposits, rental income, reverse mortgage, etc. According to the ITA, these sources of
The National Health Policy (NHP) is a framework set by the Government of India to guide the development and implementation of healthcare services in the country. The latest version, NHP 2017, focuses on providing affordable, accessible, and quality healthcare to all citizens. Overview The National Health Policy 2017 continues to build on the progress made
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