The Union budget of India, which is offered using the Finance bill and the Appropriation bill has to be passed by Lok Sabha before. It can get into effect on 1st April, the start of India’s financial year. Beginning from 1st April of one year to 31st March of the following year, the Union Budget […]Read More
A government budget is a document prepared by the government and/or alternative entities presenting its anticipated revenues tax revenues/income tax, corporation tax, import taxes) and planned government expenditures/spending/expenditure for (Healthcare, Education, Defence, Roads, State Benefit) for the approaching financial year. In most parliamentary systems, the budget is given to the law-makers and sometimes needs approval […]Read More
The Indian Financial System is one of the most significant aspects of the economic growth of our country. This system controls the flow of funds between the people (household savings) of the country and the ones who may invest it wisely (investors/businessmen) for the progress of both parties. Indian Financial System – An Overview The […]Read More
The Reserve Bank of India, the nation’s central bank, started work on April 01, 1935, by the Reserve Bank of India Act, 1934. Since 1937, the Reserve Bank has been permanently established in Mumbai. It was established to ensure monetary stability and operate the currency and credit system of the country to its advantage. And […]Read More
Under the Companies Act, 2013 of India, the NBFC (Non-Banking Financial Company) is a company registered. It is involved in the business of loans and advances, bonds, acquisition of shares, stock, hire-purchase insurance business, or chit-fund business. But it does not involve any institution whose principal business such as industrial activity, agriculture, purchase or sale […]Read More
Government Deficit A deficit is an amount by which the expenditures during a budget exceed the income. A Government Deficit is that the amount of cash within the set budget by which the govt expenditure exceeds the govt income amount. This deficit indicates the financial health of the economy. to scale back the deficit or […]Read More
What is the Sukanya Samriddhi Yojana (SSY)? Sukanya Samriddhi Yojana (SSY) is a small saving scheme of the Government of India intended solely for a girl child. The scheme is proposed to meet the education and marriage expenses of a girl child. On 22 January 2015, the Sukanya Samriddhi Yojana scheme was launched by Prime […]Read More
Today, as India is battling the COVID-19 pandemic, financial and economic threats surround it. The government has announced various economic schemes, such as a relief package of Rs 1.70 lakh crore, an extension of dates for filing taxes, providing Rs 15,000 crore for health infrastructure, the need to maintain some minimum balance in bank accounts […]Read More
A maximum number of investors want to make their investments in the way where they can get very high returns very quickly without any loss in their principal money, which they invested. That’s why most of the investors are always looking for investment plans which can give them more returns in a few months or […]Read More
The platform for the exchange of information created for this purpose would already have, according to the French Banking Federation, processed 1 million requests. What speeds up the movement to online banks, unbeatable rate offers, and already weighed 10% of the market in 2018. Which Online Bank to Choose? It goes without saying that the […]Read More