Registering a shop or establishment is mandatory for businesses to comply with state-specific Shop and Establishment Acts. This registration ensures that your business operates legally and protects the rights of employees regarding working hours, wages, and other conditions. Law Governing the shop and establishment In India, the Shop and Establishment Act is a state-specific law […]
A Stock Average Calculator is a tool used to calculate the average cost of an investor’s stock holdings. The average cost of stock is crucial for determining the profitability of an investment when shares are bought at different prices over time. It helps to understand how much has been spent on the stock on average
An Andhra Bank Current Account is a type of bank account designed for businesses, entrepreneurs, and individuals who require frequent transactions such as deposits and withdrawals. Unlike savings accounts, which earn interest, current accounts are primarily used for day-to-day financial operations and do not offer interest. They are ideal for managing business finances, handling large
The MSME new definition was first announced when the pandemic hit and ruined the entire economy of India. While the relatively larger businesses somehow managed to get through the difficult times, it was the micro, small, and medium enterprises that completely crashed in financial terms. Most small businesses had to shut down due to a
Cross-selling is the practice of selling additional products or services to existing customers, typically based on their previous purchases or current needs. The goal is to increase the value of the transaction by offering complementary items that enhance the customer’s experience. For example, when a customer buys a laptop, a retailer may offer accessories such
A Chief Financial Officer (CFO) is a senior executive responsible for managing the financial operations of a company. They play a critical role in ensuring the company’s financial health by planning, implementing, and controlling all financial activities, including budgeting, forecasting, and compliance with financial regulations. The CFO reports directly to the CEO and works closely
The import of drugs and cosmetics into India is regulated by the Drugs and Cosmetics Act, 1940, and the Drugs and Cosmetics Rules, 1945. The Central Drugs Standard Control Organization (CDSCO) is the primary authority overseeing the approval and regulation of these imports. The objective is to ensure that imported drugs and cosmetics meet the
POSM is an acronym for Point of Sale Marketing (POS) or Point of Sale Materials (POSM) and is used by brands to convey their message or communicate information to the consumers at the point of sale. It is usually adopted by the ‘Below the Line’ or BTL marketing campaigns. BTL marketing focuses and targets a
Assessment Year (AY) and Financial Year (FY) are two important terms in income tax and financial planning. They are used to determine the taxation of an individual or entity’s income. While both terms are fundamental to understanding tax obligations and planning, their definitions, functions, and implications are markedly different The financial year (FY) in Hindi
The Union Council of Ministers approved a bill that provides 10% reservation in government jobs and educational institutions for the Economically Weaker Section (EWS) in the general category on 7 January 2019. The cabinet’s decision included that this would be over and above the already existing 50% reservation for caste categories, namely SC/ST/OBC Lok Sabha