As the dates for the release of the Economic Survey and Union Budget 2024 are close, leaders across industries and taxpayers have begun speculating what Finance Minister Nirmala Sitharaman will have for them. Since it is going to be an Interim Budget to be announced just before the General Elections in 2024, the Central Government …
Category Archives: Finance
Why Fintech May Get a Boost in Union Budget 2025: Everything You Must Know
With the Union Budget 2025 knocking at the door, massive speculations are arousing in all sectors as to what this budget will offer. This year’s budget is expected to be focused on promoting economic growth, unveiling targeted reforms, and boosting investments in critical areas, ensuring long-term development and financial inclusion. In addition, many sectors expect …
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Union Budget 2024: Key Highlights Updates
Knowing the Budget 2024 live updates is crucial as it reveals updates about government schemes and taxes that benefit citizens. The Union Budget is the annual statement outlining the financial plan that the government proposes for the upcoming fiscal year. It provides detailed information about the following: Finance Minister Nirmala Sitharaman presented the Union Budget …
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EMI Full Form: What is EMI, Meaning & How It Works?
EMI stands for Equated Monthly Instalment, which is the fixed money amount borrowers pay to repay a loan over a chosen repayment tenure. An EMI includes both the principal amount and the interest charged by the lender. EMIs are commonly used for: The EMI amount depends on factors such as: Understanding how EMI works can help you: In this guide, we’ll explain the meaning of EMI, how it works, …
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ATM Card Blocked : 5 Simple Ways to Block & Unblocked ATM Card/Debit Card
The option to block your ATM card is one of the ideal options to ensure better protection of your funds. You can rely on this option if: When you realise your card is not at risk after you block it, you can easily unblock it. This gives you complete access to the funds and ensures …
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Credit Note: Its use, components and other important details
Businesses issue a GST credit note under special circumstances that allow them to correct any discrepancies in bills and invoices. It helps businesses maintain their account books without any discrepancies. Issuing credit notes is more convenient than reissuing new invoices, making them more favourable. Read on to know the meaning of a credit note, its …
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Difference Between CGST and SGST and IGST: All You Need To Know
It is crucial to know the difference between CGST and SGST, and IGST to file accurate returns. To further the ‘One Nation, One Tax’ policy, the Government of India introduced a new indirect tax regime called the GST in 2017. These three categories of GST simplify interstate and intrastate transactions. To learn what is IGST, …
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What Are Prepaid Expenses? Everything You Need To Know
Prepaid expenses include all the bills and financial obligations for products or services for which you pay in advance. Business owners often make recurring payments in advance to avoid any last-minute delays and hassles. Doing this also allows businesses to relieve themselves of obligations in future accounting periods. Once paid, you can utilise the goods …
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Working Capital Demand Loan (WCDL): Know its meaning and benefits
Getting a WCDL, or a working capital demand loan, is a great way to address the day-to-day financial needs of your business. This is a specialised loan to help businesses meet their short-term financial obligations and operational costs. With this loan, you can get the required funding to meet seasonal business demands or tackle unforeseen …
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Buy an iPhone 13 on EMI with a Credit Card: Everything You Need to Know
Buying an iPhone 13 on EMI is much easier, thanks to the umpteen online lending options. You finance your purchase with a credit card and pay via affordable EMIs. Moreover, this option gives you 100% financing. This means that you only have to pay the iPhone 13 EMI; down payment is not something you have …
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