The minimum wages act, 1948, is the minimum amount that an organisation has to pay a particular employee (skilled or unskilled) for a specific job at a particular time that any contract agreement or collective agreement cannot reduce. The Minimum Wage Act was first implemented in 1948 and took effect on 15 March. The Act […]

LEI, a unique global identifier for legal entities participating in financial transactions, is designed to create a global reference data system that uniquely identifies every legal entity, in any jurisdiction, that is party to a financial transaction. It is a unique 20-character code to identify legally distinct entities that engage in financial transactions. Legal Entity

In the vast tapestry of India’s land management system, there exists a term that echoes through centuries of tradition and bureaucracy, and that term is “Adangal.” It may not be a household name, but its importance in the domain of land records in India cannot be overstated Maintaining documents in physical form requires proper maintenance

A macro environment refers to the overall, broader economy and the forces affecting it versus a microenvironment, which focuses on a specific sector or region’s economy. There are macroeconomic conditions or factors that affect how all businesses operate, which, in turn, affect the economy as a whole. In general, macroeconomics deals with: Spending Price levels Aggregate

RBI is an institution of national importance and the pillar of the surging Indian economy. It is a member of the International Monetary Fund (IMF).  The concept of the Reserve Bank of India was based on the strategies formulated by Dr. Ambedkar in his book named “The Problem of the Rupee – Its Origin and Its

The land of cultures, cuisines, & captivating sceneries- West Bengal is a State like no other. Needless to say, inheriting a property in a prime State like this will include a lot of paperwork involving the legal transfer of property ownership.  While buying a property or inheriting one as a gift can be a thrilling

Every LLP is formed to carry on a specific business activity with a motive to earn profit. At the time of incorporation of an LLP, partners have to provide the main object of an LLP. Such object must be mentioned in brief in the LLP agreement. An LLP cannot carry on any business activities which are not mentioned

nvestments in Mutual Funds can be broadly classified into two types- lumpsum and SIP. A lumpsum investment is when the depositor invests a significant sum of money on a particular mutual fund scheme. SIP or Systematic Investment Plan, on the other hand, entails the investment of smaller amounts on a monthly basis. Both these type of mutual fund

Scoops Ice Cream is a popular ice cream chain that offers a variety of ice cream flavors, sundaes, shakes, and other frozen desserts. The brand is known for its unique flavors, high-quality ingredients, and a wide range of options that cater to different tastes and dietary preferences.Ice-cream is known to be a seasonal product with