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Munimji

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Dec13

2017

Blog27

What is a Central Bank / National Bank?

The Central Bank, also known as National Bank or Reserve Bank in some countries, is an apex monetary authority in a country. It is an institution that manages and oversees a country's money supply, inflation and interest rates. It regulates the commercial banking system and acts as watchdog and regulator of other banks of a country. A Central Bank of a country acts as a banker and financial adviser to the government. Due to its pivotal role in the banking system, it is also known as "lender of last resort".

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Dec12

2017

Blog26

તેઓ થોડા રૂપિયા જેવા છે ને થોડા નાણાકીય પરપોટા જેવા છે. હા, આ વાત છે બીટકોઇનસની, જે અચાનક સર્વવ્યાપક બની ગયા છે અને આપણને ભવિષ્યનું ચલણ કેવુ હશે ઍની ઝાંખી બતાવી રહ્યા છે.

ફક્ત 48 કલાકમાં 4000 ડૉલર વધીને બીટકોઇનનો ભાવ બિટ્સટૅંપ ઍક્સચેંજ પર 16000 ડૉલર સુધી પહોચી ગયો છે. છેલ્લા થોડા સમયથી કૂદકે ને ભૂસ્કે વધી રહેલી બીટકોઇનસની કિંમતે આખી દુનિયાનું ધ્યાન ખેંચ્યુ છે. હમણા જ આપણી રિજ઼ર્વ બેન્કે બીટકોઇનસ ની લે-વેચને લયિને ત્રીજી ચેતવણી આપી છે.ચાલો સમજીયે આ અદભૂત ક્રિપ્ટૉકરન્સી ને.

Nov13

2017

Regulatory Bodies in India Securities Exchange Board of India SEBI 


Securities Market and Need for a Regulator:

Amid many debates and differences, all economists agree that Securities market plays a vital role in the development of any economy. The Securities market is the backbone of an economy. Without a sustainable securities market, an economy cannot get the required finance to fund the development projects. Hence, for any economy to survive and grow in long run the presence of a well regulated and transparent securities market is a must. India is no exception to this fact. It is only through securities market that even a common man in India can become an investor in a multi-national company. The securities market ensures that savings are properly channelized so that sufficient finance is available where it is needed the most.

Oct16

2017

  • World Trade Organization is a global intergovernmental organization that acts as the regulator in international trade among its member countries.
  • On 15th April 1994, 123 nations of the world signed Marrakesh Agreement which led to inception of the WTO.
  • Following the Marrakesh Agreement, WTO came into existence on 1st January 1995.
  • As of now it has 164 members. WTO is the largest international economic organization in the world.

Jul17

2017

The Ministry of External Affairs just recently announced a new set of rules for applying for a passport. And we’ve summarized some of the major changes that these new rules have bought in.

DOCUMENTATION FOR PROOF OF BIRTH:

As per the earlier rules, submitting a birth certificate was compulsory for all applicants born on/after 26th January 1989. But the new rules have bought in a relaxation in this regards. Now, any of the following documents containing the DOB of the applicant will suffice:
  • Birth Certificate (BC) issued by the Registrar of births and deaths or the Municipal Corporation or any other prescribed authority whosoever has been empowered under the Registration of Birth & Deaths Act, 1969 to register the birth of a child born in India
  • Transfer/school leaving/matriculation certificate issued by the school last attended/recognized educational board
  • PAN card

Mar13

2017

  • As we are approaching towards the end of this financial year, there are certain things we should do before the year comes to an end.

1. File pending IT for financial year 2015-2016 to avoid penalty

  • Though the general due date of filing of income tax returns is 31st July of the year following the financial year, a few of us wouldn’t have been able to file the return by the due date and then must have forgotten the matter altogether. Please file your pending income tax return for the financial year 2015-2016 by 31st March 2017. In case you have taxable income and fail to file the returns for the financial year 2015-2016 by 31st March 2017, the assessing officer can levy a penalty of Rs. 5,000 for this default. However, the assessing officer cannot do so without giving you an opportunity to explain the reason for such failure.
  • If the return has not been filed by due date, you cannot revise the return later on. So be very careful while filing the return and ensure that all the particulars are correctly stated and all the income is correctly included in the return. Note that in case the tax payable in respect of any of the returns which you are planning to file now, was not paid either as advance tax or TDS, you may have to pay the interest for non payment of advance tax as well as for delay in filing of income tax return @ 1% for each of the default. So effectively if adequate tax was not paid earlier you land up paying exorbitant interest @ 2% for each month of the delay.

Financial Management