If you are fed up with putting UPI pin many times a day for very small payments, UPI Lite might be a saviour for you Reserve Bank of India’s governor has launched the new service for citizens called ‘UPI Lite” Let’s understand the feature of… Read More »UPI LITE
The Pension Fund Regulatory and Development Authority (PFRDA) declared that the time taken for executing the withdrawal requests of NPS subscribers has been slashed from ‘T+4’ to ‘T+2’ in the month of Sep’22 Let’s understand what does it mean and how it will benefit the… Read More »NPS Withdrawal Timeline
An electronic bank guarantee (e-BG) is a substitute to paper-based guarantees It can be processed, stamped, verified, and delivered instantly, compared with the time-consuming paper-based process Let’s understand benefit of electronic bank guarantee
As per Foreign Exchange Management Act (FEMA) rules, a Non-Resident Indian (NRI) can’t maintain a local savings account in his or her name in India NRI must convert all savings i.e., money earned abroad into a Non-Resident External (NRE) or Non-Resident Ordinary (NRO) account Let’s… Read More »NRI’s NRE or NRO account
Business correspondents (BC are agents who connect banks with customers Their major portfolio includes identifying potential customers Advising / counselling village people about appropriate bank products and services Helping villagers in completing formalities that are needed to transact with banks Let’s get the insight on… Read More »BC Partner of Bank
Sukanya Samriddhi Yojana (SSY) was notified on 2nd December 2014 by the Central Government of India This scheme is launched to tackle the basic problem associated with the girl child in the Indian community i.e., marriage and education SSY is a scheme for systematic investment… Read More »Sukanya Samriddhi Yojana
The Centre has taken several measures in the recent past towards ease of doing business and ease of living for the corporates Recently, The Ministry of Corporate Affairs has revised the definition of “small companies” by increasing such thresholds for paid up Capital from “not… Read More »Small Companies
For Startups, generating profit since day one can be a challenging task as companies have to also pay for certain non-operational costs at initial stages If costs per unit are higher than the revenue generated per unit, the start-up needs to bring down operational costs… Read More »What is Unit Economics?
The Atal Pension Yojana (APY) is one of the most beneficial social security schemes introduced by the Government in the year 2015-16 It is a pension scheme for citizens of India focussing on the unorganized sector workers Under the APY, guaranteed minimum pension of Rs.… Read More »Atal Pension Yojana
In an attempt to bring aviation turbine fuel (ATF) price parity, the government is planning to move to the Mean of Platts Arab Gulf (MoPAG) pricing mechanism for jet fuel instead of the import parity pricing that the oil firms follow at present Let’s understand… Read More »New ATF Pricing Mechanism