Developed by the National Payment Corporation of India (NPCI), UPI enables real-time fund transfers between two accounts through mobile devices. Also known as Unified Payment Interface, this payment system makes it extremely convenient to make payments instantly and digitally. One of the compelling reasons for UPI’s immense popularity is that you don’t have to pay […]

A salary hike, also known as an increment is an increase in the current wage by a fixed percentage. This is expressed as a percentage of the current salary and is known as the percentage hike. A salary hike refers to an increment in salary. It includes upward adjustment of a person’s compensation package. It

Any trust, organization, or Section 8 charity that accepts a foreign contribution or donation must register under Section 6(1) of the Foreign Contribution Regulation Act, 2010. This kind of registration is called an FCRA registration because it is mandated by the Foreign Contribution Regulation Act of 2010. the world is more focused towards social and

Financial statements are reports compiled by businesses that detail the company’s financial activities and health. Financial statements are often audited by government agencies and accountants to ensure accuracy and for tax, financing, or investing purposes. The primary financial statements of for-profit businesses include the balance sheet, income statement, statement of cash flow, and statement of

Advance tax is the amount of income tax that is paid much in advance rather than a lump-sum payment at the year-end. Also known as earn tax, advance tax is to be paid in installments as per the due dates decided by the income tax department. Advance tax is a type of tax payment that

An ABC ID is a unique identification number,a 12 digit number that is assigned to students in India when her or she enroll in a graduate or postgraduate course. It serves as a centralized link to your academic credentials, securely storing and managing details like: Degrees Diplomas Certificates Training details Co-curricular accomplishments The Ministry of

According to the city’s traffic police laws as well as the Indian Motor Vehicle Act, breaking, transgressing, or disregarding any of these restrictions is a serious offence. The implementation of these traffic laws (decrees, rules, codes of practice, and acts) can significantly reduce the number of road accidents. These laws are enforced by issuing challans in

Non-convertible debentures fall under the debt category. They cannot be converted into equity or stocks. NCDs have a fixed maturity date and the interest can be paid along with the principal amount either monthly, quarterly, or annually depending on the fixed tenure specified. They benefit investors with their supreme returns, liquidity, low risk and tax

Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. It was introduced in India in 1990 with a view to enabling highly rated corporate borrowers/ to diversify their sources of short-term borrowings and to provide an additional instrument to investors. Subsequently, primary dealers and satellite dealers were

A share is a unit of ownership in a company and has an exchangeable value that is influenced by market forces. As per Section 43 of the Companies Act, 2013, a company’s share capital is of two types of shares, namely – equity shares and preferential shares. When it comes to raising capital for a company, one