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The concept of Other Comprehensive income under IFRS with comparison with Ind-AS.

Other Comprehensive Income (OCI) refers to revenues, expenses, gains, and losses that are not included in net income on the ...

Understanding Depreciation, Amortization, Impairment, and Depletion: A Complete Guide

In the financial and accounting world, terms like depreciation, amortization, impairment, and depletion often come into play, especially when assessing ...

Methods to find out the present value of a future sum of money or future ordinary annuity or any annuity due.

1. Finding the Present value of a sum of money receivable in the future. The present value (PV) of an ...

Different methods of forecasting in economics.

Economic forecasting involves the use of various methods and techniques to predict future economic trends, indicators, and outcomes. These methods ...

Capital Assets pricing model (CAPM) , its formula and uses.

The Capital Asset Pricing Model (CAPM) is a widely used financial model that helps investors and analysts understand the relationship ...
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What is relation between interest rate and inflation?

The relationship between interest rates and inflation is complex and multifaceted, and it's often discussed in the context of monetary ...

Methods to find out the future value of an Investment OR Ordinary Annuity OR Annuity due or Incremental Annuity/SIP.

1. Finding the future value of a one-time investment. The future value (FV) of an investment or cash flow represents ...

All about EPS-95 pension Scheme and Option for higher pension under para 11(3) & 11(4) of EPS-95 with changes upto 01.06.2023

What is EPS-95? section 6A(1) of THE EMPLOYEES’ PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952 provides that- The Central Government ...

Investment in GOLD

Gold is the most secure investment in times of crisis due to its features like global acceptance, liquidity, prestige, demand, ...

List of some important Nutrients, daily requirement, Functions, and their sources

Nutrients are such a chemical formation contained in a food that is essential for our body to survive, grow and ...

Financial System and its stages, components, and Functions.

Financial System A “Financial System” is a set of interrelated activities working together to achieve some pre-determined goal. It includes- ...

What is Balance of Payment? What is balance of Trade? What is current account deficit/ Surplus and capital account deficit / Surplus? What is forex reserve? What is Trade Deficit/ Surplus?

There is many terms like Balance of payment, Balance of Trade, Current A/c Deficit, Capital account deficit, trade deficit, forex ...

Decision Making and Risk Factor: How to take an economic decision considering the risk factor?

Every person wants to make the best decision but every person may have a different risk attitude and our risk ...

Insights of Indian Economy before hit by COVID-19

Insights of Indian Economy before hit by COVID-19 ParametersValueRemarksArea 3,287,263 sq kmArea of india within 15200 km of land frontier ...

25th August is Last date to apply for November 2020 Examination of ICAI (Institute of Chartered Accountants of India)

25th August is Last date to apply for November 2020 Examination of ICAI (Institute of Chartered Accountants of India) As ...

How a Package of Rs. 20 Lakh Crores going to make India – Atmanirbhar Bharat: First Phase-13th may 2020

How a Package of Rs. 20 Lakh Crores going to make India - Atmanirbhar Bharat: First Phase-13th may 2020 We ...

Coronavirus (COVID-19): How much harmful is corona for world economy? What should we do? What should investors do in this era of viruses i.e. Coronavirus.

Coronavirus (COVID-19): How much harmful is corona for world economy? What should we do? What should investors do in this ...

Current position of Indian Economy w.r.t. Economic Survey of India for FY 2019-20 (presented in Parliament on 31-01-2020)

Current position of Indian Economy w.r.t. Economic Survey of India for FY 2019-20 (presented in Parliament on 31-01-2020) Economic Survey ...

Updates relating to GST return, Income Tax and SEBI.

CBDT has released parameters for manual selection of Income Tax Returns for Complete Income Tax Scrutiny during financial year 2018-19 ...

Is it right time for the privatisation or consolidation of public sector banks?

Current market share of public sector banks is 70% which is reducing very rapidly i.e. approximately 4% a year. After ...

Fraud prone Indian Banking & RBI: Recent Steps to strengthen Banking.

After recent scam of 12646 crores in PNB done through fraudulent issuance of letter of undertaking (LOU) , RBI have ...

UIDAI directs telecom companies to inform users about Aadhaar linking status

More than 120 crore residents have already been enrolled with Aadhaar and with such a large data Aadhaar data is ...

Paytm received approval from SEBI to become Registered Investment Advisor.

Business of E-wallet companies are affected by RBI guidelines for mandatory KYC in E-wallet. Last date for updation of KYC ...

Updates about PNB Fraud case of Rs. 12700 crore.

Some Updates about PNB fraud case of Rs. Rs.12700 crore:- Axis Bank's MD, Shikha Sharma and ICICI Bank's MD Chanda ...

RBI to Infuse Rs. 1 Lakh crore in the banking system in the month of March

To manage additional demand of liquidity, RBI decided to Infuse Rupees 1 lakh crore in the banking system through special ...

On 1st March 2018, Cabinet cleared "Fugitive Economic Offenders Bill 2018"

The Cabinet today cleared Fugitive Economic Offenders Bill which targets big defaulters involved in economic crime of over Rs. 100 ...

On 1st March 2018, Cabinet approved setting up NFRA as regulator for Auditors

Today on 1st March 2018, The Cabinet approved setting up of the National Financial Reporting Authority (NFRA), which will be ...

SBI & ICICI increased MCLR on 1st March 2018

Today on 1st march 2018, SBI increased the one-year MCLR by 20 basis points (bps) from 7.95% to 8.15%. And ...

Priority Sector Lending Targets for FY 2018-19 for Foreign Banks with 20 or more Branches.

RBI announced Priority Sector Lending Targets for FY 2018-19 for Foreign Banks with 20 or more Branches in notification dated ...

SBI increased Interest Rate for Domestic Term Deposits.

Today on 28-2-2018, State Bank of India (SBI) increased retail deposit rates by 10 to 50 basis points across various ...

On 28-02-2018, RBI revised limit of "exchange traded currency derivatives".

RBI revised limit of "exchange traded currency derivatives" without having to establish underlying exposure for resident in India and FPI.Currently, ...

Update KYC in E-wallet before 28th Feb. 2018: RBI

Update KYC in E-wallet as deadline is very close. As per RBI guidelines issued in October 2017 as revised, E-wallet ...

On 23rd February 2018, Reserve Bank of India launched the Ombudsman Scheme for NBFC

Good News for customers of NBFC like Bajaj Financial Services Limited, LIC Housing Finance, PNB housing finance, Indiabulls group, Muthoot ...

RBI constituted an Expert Committee to look into the reasons for high divergence observed in asset classification and provisioning by banks.

In view of large divergences observed in asset classification and provisioning in the credit portfolio of banks as well as ...

Link your Adhaar with Various Financial products and mobile number before 31st march 2018

On 15-02-2018, Government issued a notification to require all postal Life Insurance holder to provide their Aadhaar detail.The notification also ...

RBI issued Revised framework for Stressed Assets.

On 12th Feb 2018, RBI issued a revised framework for the resolution of stressed assets providing for early identification & ...

Important Highlights & Tax Proposals of Finance Budget 2018-19

Important Highlights & Tax Proposals of Finance Budget 2018-19 The Finance Minister, Sh. Arun Jaitley presented his fifth Union budget ...

Indian Accounting Standards (IND-AS): Whether applicable to your company or not?

Indian Accounting Standards (IND-AS): Whether applicable to your company or not? After a long converging process of Accounting standards(AS) and ...

Highlights of Union Budget 2017-18

Key Highlights of Union Budget 2017-18 Today on Date 1st February 2017, Finance Minister, Mr. Arun Jaitley presented Union Budget ...

Universal Basic Income (UBI): A substitute of social welfare schemes to reduce poverty

Universal Basic Income (UBI): A substitute of social welfare schemes to reduce poverty What is concept of Universal Basic Income ...

Payment Banks: Revolutionising the Banking Sector

Payment Banks: Revolutionising the Banking Sector In September 2013, the Reserve Bank of India constituted a committee headed by Dr ...

UPI: Unified Payment Interface – A step of India towards Cashless Economy

UPI: Unified Payment Interface - A step of India towards Cashless Economy RBI Governor, Sh. Raghuram Rajan (born 3 February ...

Payment of Bonus Act, 1965 Amended to increase Minimum Bonus

Payment of Bonus Act, 1965 In India, Payment of bonus is governed by "Payment of Bonus Act, 1965" as amended ...

Cabinet approves Implementation of the recommendations of 7th Central Pay Commission

Cabinet approves Implementation of the recommendations of 7th Central Pay Commission The Union Cabinet chaired by the Prime Minister Shri ...

Provident Fund in India, Its Taxability and TDS on Provident Fund

Provident Fund in India, Its Taxability and TDS on Provident Fund What is the Provident Fund(PF)? Provident Fund is a ...

Necessary skills for your child to build career in 21st Century

Necessary skills for your child to build career in 21st Century In the Twenty first century, Students need to develop ...

Minimum Wages Rate in India Vs. USA

Minimum Wages Rate in India Vs. USA Below is some short analysis of comparison of minimum wages rates in India ...

Money is the Best Motivator

Money is the Best Motivator Just ask yourself what keeps you motivated. After reading this post you can say that ...

What is difference between Pledge, Mortgage and Hypothecation?

What is difference between Pledge, Mortgage and Hypothecation I have received some queries asking the difference between Pledge, Mortgage and ...

India-Mauritius Tax treaty revised to curb Black Money

India-Mauritius Tax treaty revised to curb Black Money On date 11-05-2016, India getting Mauritius to sign a revised India-Mauritius tax ...

Things That Should Be Taught In Every School

Things That Should Be Taught In Every School Be honest and review our education system, you will find a messed ...
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How to obtain Digital Signature?

Digital Signature Certificate can be obtained from any of the Certification Agency: What is a Digital Signature Certificate (DSC)? The ...

Basics of Letter of Credit(LC)

Basics of Letter of Credit(LC)/Documentary Credit What is Letter of Credit? How does it work? What are different Types of ...

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