A savings account is a type of bank account designed to help individuals save money. It allows you to deposit funds securely while earning interest on your balance. These accounts are offered by banks, credit unions, and online financial institutions. Savings accounts provide a safe place to store money that is not needed for daily expenses. Interest earned on savings accounts helps your money grow over time. The interest rate varies depending on the type of savings account and the financial institution. Most savings accounts have a variable interest rate, meaning it can change over time. Savings accounts are ideal for building an emergency fund or saving for specific goals. They provide easy access to your money while encouraging you to save regularly. You can withdraw funds when needed, although some accounts limit the number of withdrawals per month....
The Goods and Services Tax (GST) in India represents a significant shift in the country’s tax structure, aiming to simplify the complex and multi-layered tax system by integrating a multitude of central and state taxes into a single tax system. This comprehensive approach to taxation is designed to eliminate the cascading effect of taxes, thereby making goods and services cheaper for consumers and facilitating a more transparent and efficient tax structure for businesses. In this article, we explore the top 10 features of GST in India, offering insights into its framework, benefits, and implications....
Equity Funding under the Companies Act 2013 refers to the process through which a company raises its capital by issuing shares to investors in exchange for ownership in the company. Equity represents ownership in a company, and those who hold equity shares are known as shareholders or equity investors. Companies Act 2013 has made strict regulations concerning the concealment of funds. A company is not permitted to make any sort of investment through more than two layers of investment companies. It is observed that corporations use this as a common practice to divert funds via investing through several step-down subsidiaries. Placing such restrictions can help prevent the diversion of such funds....
IDBI stands for Industrial Development Bank of India. It is an emerging Indian banking and financial services company and it is headquartered in Mumbai, Maharashtra. IDBI offers a wide range of bundles of banking products and services to its customers these banking products also include FD....
NIFTY can be described as a market index introduced by the National Stock Exchange (NSE) to represent the performance of the top 50 largest and most liquid stocks listed on the NSE. It is a term that is used in the Indian share market introduced by the National Stock Exchange (NSE) on 21st April 1996 in India. NIFTY is one of the most widely followed equity indices after BANK NIFTY and SENSEX in India and serves as a key indicator of the Indian stock market’s overall health and performance....
The Cheque Truncation System (CTS) is a technologically driven technique for processing physical paper cheques quicker with greater effectiveness. It is a technology that seeks to eliminate the need for paper cheques to be physically transported from one bank to another during the clearing process. Many countries use CTS to streamline and improve the cheque-clearing process. It is commonly known as CTS. CTS stands for Cheque Truncation System (CTS)....
Sovereign Green Bonds are issued by the government to fund projects that work for the climate, environment, and sustainability. In other words, the national governments offer debt securities known as “sovereign green bonds” to finance initiatives that enhance the environment and the climate. These bonds are a part of Green Bonds, which are financial instruments intended to fund initiatives that have a good influence on the environment. Green bonds are usually asset-linked and are backed by the balance sheet of the issuing entity, thus carrying the same credit rating as the other debt obligations of the issuer. The issuance of sovereign green bonds, which signify a government’s dedication to sustainable and eco-friendly projects, sets them apart at the national level. India recently launched its first sovereign green bonds and it is expected that with this initiative, India will be able to boost the energy transition and fund green infrastructure and renewable energy projects....
Dynamic Asset Allocation Funds are defined as investment vehicles that provide an actively managed approach, to building and adjusting portfolios in response to market changes. These funds offer an approach, to investing allowing investors to adjust their allocations based on changing market conditions. Dynamic Asset Allocation Funds, often known as DAA Funds belong to the category of funds or exchange-traded funds (ETFs) that distinguish themselves from traditional asset allocation strategies by actively rebalancing their portfolio allocations across various asset classes, such as stocks, bonds, real estate, commodities and cash equivalents....
Swing Trading is defined as a trading strategy used in financial markets where traders aim to earn short to medium-term gains by holding positions for a few days to several weeks...
IMPS is a payment service or a method for instant money transfer. It has been developed by the National Payments Corporation of India (NPCI). IMPS is a real-time and secure money transfer system through which we can transfer money 24×7, even on public holidays. IMPS facility can be availed through various methods such as mobile, internet, ATM, and SMS. It has made it very convenient to send and receive money from anywhere and anytime....
A command economy is defined as an economy where the central government controls the means of production and focuses on maximizing social welfare. In the command economy, the central government sets the level of production and respective prices. Command Economy is also known as Planned Economy. Command Economy is being followed in countries like Cuba and North Korea. On the other hand, a free-market economy is one where supply and demand determine prices and output. In real life, neither a completely free market nor a completely government-run economy exists. Instead, economies are spread out along a range, with some factors favoring one type over the other....
An investor is a party, person or institution that provides financial capital in the form of money with expectations to receive a return on investment. People invest their money into different financial instruments, assets and ventures in hopes of letting it grow over the years. An investor’s willingness to accept risk can differ in investment choices depending on factors including financial goals, assumed risk and timeline. Diversification is Key Investors participate in many different markets, such as stocks, bonds, real estate and startups. This activity propels economic growth and provides the right kind of capital to build it on....
