A robust banking and financial system are essential components to channelize the growth of an economy. NBFC’s are financial intermediaries that play a vital role in developing Indian economy. It offers credit facilities to remote areas and supports those individuals who are often overlooked by the banks. Non-Banking Financial Companies underpins the weaker sections of […]
Are you fond of eating food or want to start a food-related business? Have you ever wondered who regulates Food Industry? If these types of questions puzzle you and you are keen to know the answers of such kind of problems, then you have accessed the right document. This document will make you aware about […]
Several jewellers in India deceive customers about the purity of Gold ornaments and levy additional charges. It compels customers to be more cautious while purchasing a piece of jewellery. High quality and authenticity have become focal points for every individual. Thus, on what basis one can distinguish pure Gold? A Government body called Bureau of […]
Import Export Code or IEC is a ten digit code which is issued by Directorate General of Foreign Trade (DGFT), Government of India and Department of Commerce. All the Indian Companies that intend to carry Import Export business must obtain the IEC Code. One can avail several benefits with IEC License code under the schemes […]
Stepping into Pharmaceutical industry is quite challenging, specifically in a country like India that already accommodates about 5, 50,000 Drug stores. The market of Indian Retail Pharmacy has tremendously grown over the recent years on an average of 18% per annum. The increasing health deterioration cases have prompted the need for multiple Drug stores & […]
Food contamination is growing at a rapid pace in India and that urges consumers to be more vigilant. Several cases of tainted food are reported daily; be it dairy products or green vegetables, nothing is pure in today’s world. An excessive inclusion of harmful preservatives and additives in food products can be hazardous for public […]
The corporate world is extremely dynamic and evolves in every hour of the day. New technologies engulf old and outdated schemes. Thus, they challenge business models to either incorporate the latest techniques or retreat from the industry. An efficient way to persist in the corporate sphere is by enlarging the business through Merger and Acquisition. […]
Taxation holds vital importance for anyone pursuing his profession and earning income from it. If you are a salaried employee, then you must have come across ‘Professional Tax’ mentioned on the salary slip. It is a direct tax levied by the State Governments in India on individuals earning income through practicing a profession such as […]
Do you have an urge to build a Company, but clueless which business model to choose? Often, budding entrepreneurs get perplexed while picking the right structure for their business. The root cause of confusion lies in choosing between Private Limited Company and Public Limited Company. As both Company structures enable limited liability, it further creates […]
As per a circular dated 6th April 2018, Reserve Bank of India prohibited financial institutions and banks from dealing in virtual currencies like Bitcoin. RBI ordered banks to break all ties with the individuals or Companies that trade Cryptocurrency within three months. The ban extensively plunged the trade volumes and shut down several exchange businesses. […]
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