Accounting Training

Blog

Archive


2016

Union Railways Minister Suresh Prabhu on Thursday presented his second Railway Budget in Parliament.

Here are some of the key points:

  • Three pillars of change: New source of revenues, new norms and new structures
  • Operating ratio in 2016-17 92 percent (90 percent in 2015-16)
  • Capital Expenditure in 2016-17 at Rs 1.21 lakh crore
  • Savings through efficient operation in 2015-16 at Rs 8,720 crore

2016

Fiscal Deficit

What is Fiscal deficit?

  • Fiscal deficit is essentially the difference between what the government spends and what it earns.
  • It is expressed as a percentage of GDP
    Fiscal Deficit = Total Government Expenditure – Total Government Revenue

Reasons for Fiscal Deficit

  • Government spending, inflation and lower revenue are among some of the main factors that point to fiscal deficit.

2015
  • Becoming parents is a turning point in our lives. As their guardians, it is our duty to plan for their future and invest wisely so that they receive the best possible facilities that in turn will materialize as better opportunities in a competitive world. Such a goal requires early and intricate planning, dedicated devotion to the goal and taking calculated risks sometimes to generate good returns.
  • Children’s secure future mostly depends on a strong education which becomes a foundation to find new avenues in the future and be successful. The ever increasing education cost and tuition fees have put a shadow of uncertainty on the future of your child. Here we look at some of the options of investment that can ensure their happiness and provide them with possibilities for a sound education in future.

Insure Yourself

  • Yes, insure yourself! Savings will only last for some period and may get exhausted during unavoidable circumstances, but an insurance policy of a parent is the second roof for his dependents. Such a scheme would help your child with his educational needs that would otherwise be hard to cover in the absence of insurance. Some child plans also offer a fixed amount once the child attains the age for higher education which takes care of his higher education costs.

2015

Q 1. MICR code consists of how many digits?

9 digits. (First three digits denotes city, next three digits representing the bank and the last three digits representing the bank branch).

Q 2. What is the minimum limit in RTGS system?

Rs. 2 lakhs (there is no upper limit in RTGS).

2015

Impact of Fed Rate Hike

  • It is the Central Bank of USA which is considered as the most powerful banking institution in the world. The Fedral Reserve Bank was founded by the U.S.Congress in 1913 to provide the nation with a safe, flexible and stable monetary and financial system.

What is Fed Rate ?

  • The Federal Funds Rate commonly known as ‘Fed Rate’ is “the interest rate” at which depository institutions (banks and credit unions) actively trade balances held at the Federal Reserve.
  • The sub-prime crisis in 2007 and 2008 forced the American Central Bank to reduce interest rate sharply. The Fed brought down the federal fund rate from 5.25 percent in August 2007 to a target rate between 0 and 0.25 percent by December 2008. Since, then there is no change in the interest rate.

2015

Mutual Fund Investment Options: Growth, Dividend Payout, Dividend Reinvestment

  • While filling a mutual fund form, usually you will see three options to invest:
    1. Growth
    2. Dividend Pay-out
    3. Dividend Reinvestment
  • Most of the people are confused about the different among these, which one to choose and why?

Financial Management