In the realm of matrimonial law in India, the terms “alimony” and “maintenance” are often used interchangeably, leading to confusion. However, they are almost synonymous with somewhat similar legal implications and purposes. Marriage is a foundational institution in society, and while it is often seen as a lifelong commitment, the reality of marital breakdowns has […]

Launched on March 4, 2019, the National Common Mobility Card (NCMC) is an interchangeable card designed by the Ministry of Housing and Urban Affairs of the Government of India. The transport card allows the user to make travel expenses, cash withdrawals, and toll fees (toll tax). NCMC cardholders can also use it to make retail

The Women Entrepreneurship Platform (WEP) is a scheme launched by the Niti Aayog in partnership with the Small Industries Development Bank of India (SIDBI). Objectives Promotion of women entrepreneurship in the country by empowering them through financial aid and mentoring. Through these measures, the scheme is expected to bring more women into the business fold,

The drug is only legal if it is used for business in cosmetics and medicine. There are two departments like the Food Safety and Drug Department Administration of Uttar Pradesh that give drug licenses to prevent the manufacture and sale of sub-standard, fake medicines. In 1940, to implement the provision of the Drugs and Cosmetic

Two-factor authentication (2FA) is a security system that requires two distinct forms of identification in order to access something. Two-factor authentication can be used to strengthen the security of an online account, a smartphone, or even a door. 2FA does this by requiring two types of information from the user—a password or personal identification number (PIN), a

Tamil Nadu Grama Bank, a Regional Rural Bank (RRB) was formed as an amalgamation of Pallavan Grama Bank sponsored by the Indian Bank and Pandyan Grama Bank sponsored by the Indian Overseas Bank. This notification was passed vide the Gazette notification dated 28th of January, 2019 by the Ministry of Finance, Government of India, conferred

The churn rate, also known as the rate of attrition or customer churn, is the rate at which customers stop doing business with an entity. It is most commonly expressed as the percentage of service subscribers who discontinue their subscriptions within a given time period. It is also the rate at which employees leave their jobs within

Ind AS 16 prescribes the accounting treatment for Property and P&E (Plant, and Equipment). The principal issues covered in the standard includes: – Timing of recognizing an asset Determining the carrying amounts of the assets Depreciation to be recognized in the financial statements What is IND AS 16 Indian Accounting Standard 16 (Ind AS 16)