Power of Bank to call for information from financial institutions and to give directions (1) If the Bank is satisfied that for the purpose of enabling it to regulate the credit system of the country to its advantage it is necessary so to do, it may— (a) require financial institutions either generally or any […]
With the objective of providing rural connectivity, the Government of India launched the Pradhan Mantri Gram Sadak Yojana (referred to as PMGSY-I hereinafter) on 25th December 2000 to provide all-weather access to eligible unconnected habitations with a population of up to 500(Census 2001) in plain area and 250 and above in Special category States(States of
A contract of Indemnity is a contract, express or implied to keep a person, who has entered into or who is about to enter into, a contract or incur any other liability, indemnified against loss, independent of the question of whether a third person makes a default. Indemnity is protection against possible damages. Deriving from
An enrolled agent is someone who is recognized by the U.S. Department of Treasury as a tax advisor and federally-authorized tax practitioner. They typically work for accounting or tax firms, or they can be self-employed. They help individuals and businesses with their tax preparation What Is an Enrolled Agent? An enrolled agent (EA) is a tax
A liquidity ratio is a type of financial ratio used to determine a company’s ability to pay its short-term debt obligations. The metric helps determine if a company can use its current, or liquid, assets to cover its current liabilities Three liquidity ratios are commonly used – the current ratio, quick ratio, and cash ratio. In
The Startup India Scheme offers various incentives to new enterprises in Uttarakhand, including tax breaks, funding opportunities, and simpler compliance. Startups interested in registering can apply for the Startup India Certificate Online, which officially acknowledges them under the initiative. By receiving the accreditation, Uttarakhand entrepreneurs can benefit from government aid, networking possibilities, and intellectual property
Labour Force Indicators in Current Weekly Status(CWS) Labour Force Participation Rate (LFPR) In Urban areas, LFPR increased for males (74.3% in 2023 to 75.6% in 2024) and slightly for females (25.5% to 25.8%), leading to an overall rise in LFPR (50.3% to 51.0%). Overall LFPR remained constant at 56.2%, despite minor variations across categories. Worker Population Ratio (WPR) Slight
The government constituted the Tamil Nadu Labour Welfare Board in 1971 to promote the welfare of the employees and their dependents. The government also enacted the Tamil Nadu Labour Welfare Fund Act in 1972 and established the Tamil Nadu Labour Welfare Fund. The employees and employers covered under the Act must mandatorily contribute to the Fund yearly once.
Solvency Certificate is a document that provides information about the financial stability of an individual/entity. Solvency Certificates in Karnataka are issued on request of the individual or entity by the revenue department and Banks. Banks generally issue Solvency Certificates to their customers based on the account details and transactions (both current and savings account) and
A mutual fund pools money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities. For millions of Americans, these funds are the cornerstone of their retirement savings, offering professional management and built-in diversification that would be difficult to achieve on their own. In a mutual fund, investors pool their money to buy