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. […]
MPR and Budget Announcement of CAD Read More »
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
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Legal disability (1) Where a person entitled to institute a suit or make an application for the execution of a decree is, at the time from which the prescribed period is to be reckoned, a minor or insane, or an idiot, he may institute the suit or make the application within the same period after
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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
Extension of prescribed period in certain cases Any appeal or any application, other than an application under any of the provisions of Order XXI of the Code of Civil Procedure, 1908, (5 of 1908), may be admitted after the prescribed period if the appellant or the applicant satisfies the court that he had sufficient cause
Section 5 – LIMITATION ACT, 1963 Read More »
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
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Expiry of prescribed period when court is closed Where the prescribed period for any suit, appeal or application expires on a day when the court is closed, the suit, appeal or application may be instituted, preferred or made on the day when the court re-opens. Explanation: A court shall be deemed to be closed on any
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Bar of limitation (1) Subject to the provisions contained in sections 4 to 24 (inclusive), every suit instituted, appeal preferred, and application made after the prescribed period shall be dismissed, although limitation has not been set up as a defence. (2) For the purposes of this Act— (a) a suit is instituted,— (i) in an ordinary
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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
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Definitions In this Act, unless the context otherwise requires,— (a) “applicant” includes— (i) a petitioner; (ii) any person from or through whom an applicant derives his right to apply; (iii) any person whose estate is represented by the applicant as executor, administrator or other representative; (b) “application” includes a petition; (c) “bill of exchange” includes a hundi
Section 2 – LIMITATION ACT, 1963 Read More »