Aditi Ahuja
Aditi Ahuja is a noted financial consultant and adviser. As she has worked with several financial organisation for many years, she has extensive knowledge in this sector. She writes on financial affairs, issues and solutions covering a broad range of topics like loans, insurance, investment and funding. Stay updated with her latest blogs.
How does Pradhan Mantri Mudra Yojana (PMMY) work? For the exponential rise of SMEs and MSMEs in India in the past decade that engage a workforce of 12 Crore (approx) – availing formal finances can be challenging.
Whether it is boosting the working capital, purchasing assets or for any market-related expenses – borrowing from informal financial sources is not only an expensive affair but is also detrimental to your business’s success. Hence, the Government of India rolled out the Pradhan Mantri Mudra Yojana (PMMY) scheme as a helping hand to these SMEs and MSMEs. To demystify MUDRA loans, it is essentially a financial impetus provided to small-scale businesses, micro trading units, entrepreneurs and the manufacturing & service sector. This credit scheme helps these enterprises to meet their working capital requirements in the early stages of their growth. How to Innovate Your Supply Chain with these 3 Approaches. One of the key areas of any business is its supply chain.
A supply chain determines distribution efficiency and quality of a product that a consumer buys. As the global market continues to evolve, its supply chain must innovate and change to balance the product and cash flow throughout the life cycle of a product. How Important is the Role of a Chartered Accountant in India? Compared to more than 1.5 million engineers graduating each year and approximately 1 million doctors, the number of chartered accountants is considerably low in terms or profession.
As per the ICAI, there are around 1.3 Lakh fellow and associate CAs who are either in full-time or part-time practice. The role of chartered accountant is equally important as a doctor or an engineer in India even though they are lesser in number. General consensus is that CAs only render auditing, taxation, GST, and other related services to individuals and organisations. However, CAs play a critical role in nation-building and the economy. Few areas which highlight the importance of chartered accountants include: Prevention of money laundering. Pradhan Mantri Awas Yojana Process,Eligibility and Subsidy for Existing Home Loan Customer. 5 Tips to Help you Grow your CA Firm and its Practice Article. Chartered accountants are financial advisors that handle a business’ auditing, taxation and financial issues.
There is more than 2.81 Lakh CAs across India, operating as both salaried and self-employed professionals with various public and private sector companies. There is approximately 1.32 Lakh practising chartered accountants running their own CA firm or working in collaboration with a company. These individuals are an essential aspect of the Indian economy; they help businesses adhere to the rules imposed by the government, file their tax returns correctly, and help manage their finances. However, an individual might find it difficult to establish his or her practice as a new chartered accountant.
There is significant competition present in the Indian financial market, and businesses often prefer experienced candidates over a newly graduated individual because of their higher proficiency at the variety of role of CA they have to fulfil. A Guide on Effective Working Capital Cycle Management – THE GOOD CHRONICLE. Working capital refers to the operating liquidity available to a business or company to fund their daily operations.
In a company, the working capital is the amount of cash they have available to run the daily operational needs of the business. Working capital is directly related to the financial well-being of a company. Managing it effectively is the key to running a business successfully. There are various day-to-day costs involved in running a business successfully, ranging from electricity bills to overhead expenses and beyond. Working capital cycle (WCC) is the amount of time taken by a company to convert its net current assets as well as liabilities into cash. Pradhan Mantri Awas Yojana Process,Eligibility and Subsidy for Existing Home Loan Customer. Techniques of Inventory Management that can Save your Money - Entreb.com. It is necessary for every business to monitor their assets and make sure they are in tune with the projected roadmap.
Inventory management emerges as a crucial concern to optimise production and revenue generation. It is a significant factor that affects a business’ scalability and success. However, most SMEs do not know the tricks of effective management and hence, lose out on crucial business opportunities. What is the Working Capital Cycle and Why Must it be Managed - Middle East League. Working capital is one of the most vital components to make your business run without any hindrance.
The working capital cycle makes a clear report about your company’s financial status. There are a few important things we need to know about working capital. Key Points about Working Capital. Best Investment Option for Senior Citizens to Park their Money without being Taxed? - Kalon Clan. There are a number of investment options for senior citizens where they can save their money without being taxed.
Many financial institutions offer a higher rate of interest for senior citizens for Fixed Deposits. This ensures that you get more returns for the amount invested. You can also check out the Balanced Fund Scheme and those who are helping elderly parents with finances can also opt for Systematic Withdrawal Plan or SWP after 12 months of investment. One can withdraw 0.75% per month and the returns are going to be tax-free as per the tax regulations. Top 5 Safe Investments For The Long-term in India - Investing. A Guide on How to Transfer your Previous Provident Fund Balance - My Story Online.
Employees’ Provident Fund, or EPF, is a Provident Fund scheme which combines features of an insurance scheme as well as a pension scheme, designed for employees of the organized sector.
The Provident Fund accumulates the funds and disburses it as per the employee’s requirements within the compliance of terms and regulations. In case an employee quits his/her job or starts working for a new company, they have a choice to close their old PF or to transfer the previous funds’ balance to a new one. It can be done with the help of the UAN number, a unique 12-digit code provided by the Employees’ Provident Fund Organisation.
Asus Zenfone Max Pro M1 vs RealMe 1 - The Battle for the Best. With a wide choice in mobile phones in the market, choosing the right phone may not be an easy task.
Two most talked-about mobile phones right now are the Asus Zenfone Max Pro M1 and Oppo’s RealMe 1. Both phones offer premium features at an affordable price range. In this article, we compare both the models on various parameters and find out which smartphone wins the battle and becomes the best android phone under Rs. 15000. Technical Aspect. Finance Debt and Shopping in New York, NY 10001. How to Withdraw PF Amount Online? 6 Easy Steps! Did you know if you are not employed for the last two months after leaving your last job, you can withdraw your provident fund or PF online? Yes, after a long hiatus, the EPFO has finally activated the online PF withdrawal form. You can now access your EPF balance, pension benefits, and partial EPF balance online. These benefits are available via the UAN (Universal Account Number) member portal of the EPFO website.
EPF UAN Passbook Download – Step by Step Guide. EPF UAN passbook is a document that enlists all the contribution made by the employee and employer in the EPF and EPS accounts. Vital Documents that still Required to Link with Aadhar Card. Small Saving Schemes in India: Everything you Need to Know. Savings are an important feature in every household budget. Need LPG Subsidy? Get an Aadhaar Card First – Here's Why. IntroductionThe Indian government launched a campaign in 2015 to encourage people to give up their Liquefied Petroleum Gas (LPG) subsidy in India. Who All are Eligible to Get an Instant e-PAN? Summary- Are you wondering if you can get an e-PAN card?
Then read this post to know about the eligibility criteria, and how to get fast PAN card. A PAN card is not only used for stating your income tax records, but it also acts as your identity document. One of the common ways of getting your PAN card made is by reaching out to the NSDL office. 3 Reasons Why you should Link your PAN Card with Aadhaar Card. Aadhaar Card came into being in 2009. All you Need to Know About How to Improve Cibil Score. Singing Bowls - Six Common and Uncommon Uses of a Personal Loan.
PMAY for Middle Income Group: Everything you Need to Know. Pradhan Mantri Jan Dhan Yojana – A Quick Information! The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched by the Indian Central Government on 28th August 2014. The major objective of the Pradhan Mantri Jan Dhan Yojana is offering financial and banking services reasonably – or offering financial inclusion at affordable prices. Tomorrowland's 10 Interesting Facts You Didn't Know Yet! - Problem Solutions24. The 11th edition of Tomorrowland will be celebrated this year. As per the latest reports, tickets for this festival have already been sold out and that too in record time!
What is the Minimum Credit Score you Need to Avail a Loan. Guide to Understand And Calculate Stamp Duty Charges of India.