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2014

How Company or Partnership Firms Can Prevent a Digital Data Disaster

  • The majority of small to midsized firms and companies are vulnerable to unexpected data loss.
  • As a Director/Partner you have an ethical duty to ensure that your clients’ electronic information is not lost, destroyed or disclosed.

Possible reasons of the Data loss:

2014

Banking Sector in India

  • RBI was set up in 1935 by the RBI Act, 1934 as a private bank with two extra functions – regulation and control of banks in India and being the banker of the Government.
  • It was only in the year 1949 after nationalization, it emerged as the Central Banking body in India.

2014
 

If you keep your feet firmly on the ground, you’ll have trouble putting on your pants.


It’s not hard to meet expenses, they are everywhere.


I love being a writer… what I can’t stand is the paperwork.


2014

The fundamental difference between RGS and NEFT, is that while RTGS is based on gross settlement, NEFT is based on net-settlement. Gross settlement is where a transaction is completed on a one-to-one basis without bunching with other transactions. As for a deferred Net Basis ( DNS ), or net-settlement, this is where transactions are completed in batches at specific times. Here, all transfers will be held up until a specific time. RTGS transactions are processed throughout the working hours of the system.


2014

Gold Economy

If for one year there are no gold imports, it will change the current account deficit story of the country. Indians think they are buying gold in rupees. Actually they are buying gold in dollars.
- Finance Minister P. Chidambaram.

  • The Finance Minister of any country aims to have positive current account balance.
  • However, in India Gold has remained one of the chief contributors to current account deficit.
  • India imports three things mainly
    • Crude Oil
    • Cooking Oil
    • Gold

2014
  • As you are aware that provisions of Corporate Social Responsibility as per Companies Act, 2013 has been made mandatory.
  • It is also to be noted that Sec. 135 of the Companies Act, 2013, Schedule VII to the Act and Companies (Corporate Social Responsibility Policy) Rules, 2014 shall come into force w.e.f. 01.04.2014.
Financial Management