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RESERVE BANK OF INDIA : ROLE & FUNCTION
The Reserve Bank of India (RBI) started its journey on April 1, 1935, following recommendations from the JOHN HILTON commission in 1926. It's headquartered in Mumbai and plays a big role in India's money matters. India has different kinds of banks, like commercial, public sector, nationalised, and associated ones such as SBBJ, SBH, SBM, SBP, and SBT. Recently, two more banks, IDBI and Bharatiya Mahila Bank, became part of the public sector. The RBI's job includes making money notes to keep the country's finances stable. Right now, Shaktikanta Das is the RBI Governor. India's banks are split into scheduled and non-scheduled ones, with scheduled banks further divided into cooperative and commercial ones. This paper will focus on commercial banks, explaining their role, especially compared to private banks. It'll also talk about how the RBI is doing its job in India's banking system, including what it aims to achieve
Published on: Wed May 15 2024
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Goods and Services Tax (GST) Council
The GST Council is a crucial body in India's tax system, overseeing decisions on taxes, resolving disputes, and ensuring uniformity in tax structures. It fosters cooperation between central and state governments, simplifying tax processes for businesses. With a vision of cooperation and a mission for an efficient GST system, it serves the nation's economic interests effectively.
Published on: Sat Jun 01 2024
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Company Registration:How to Use the MCA Portal
This study looks at how important it is to pick the right way to set up a business in India so it follows the law and works well. It checks out how to register, like getting digital signatures and Director Identification Numbers. When the Registrar of Companies gives you a Certificate of Incorporation, it means your business is officially recognized.
Published on: Thu May 30 2024
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Export Strength of India : Software and IT Services
India's IT and software services industry has grown a lot over the years, becoming a big deal both at home and globally. India is known for its great outsourcing services, especially in IT, earning a lot of money from other countries. The government has helped too, making it easier for businesses to invest here. India's future in tech looks bright, but there are still some challenges to tackle, like keeping up with new skills and staying safe online. Working with other countries could help India become even stronger in the tech world.
Published on: Wed May 29 2024
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Venture capital
Venture capital trends in 2024 focus on innovative approaches fueled by fast data analysis and sustainable investing. Embracing technology, diversification, and cryptocurrency, investors seek impactful solutions. These trends reflect a dynamic landscape poised for growth and adaptation, driven by a constant pursuit of knowledge and opportunity.
Published on: Tue May 28 2024
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The Indian textile Industry - An overview
India has a long history in textiles, facing challenges like colonialism. But with government help, it's growing strong. The industry is important for India, providing jobs and boosting the economy. Textile industry is one of the significant parts of the Indian economy.Textile industry provides lots of jobs after agriculture.From traditional handloom to big factories,it combines old and new ways of making textiles.This industry support families,keeps old tradition alive ,and helps india compete globally. In this article,we will explore India's textile industry history,talk about important companies in the industry,and look at how the textile sector is doing now.
Published on: Tue May 28 2024
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Public vs Private vs LLP Company
This article explores three common business structures in India: Private Limited Companies, Public Limited Companies, and Limited Liability Partnerships (LLPs). It highlights their characteristics, advantages, and disadvantages, helping entrepreneurs make informed decisions. Private Limited Companies offer control and limited liability, while LLPs provide flexibility and shared responsibility. Public Limited Companies offer access to capital but come with stricter regulations. Understanding these options aids entrepreneurs in selecting the most suitable structure for their ventures.
Published on: Mon May 27 2024
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Direct vs Indirect tax
This paper explores India's tax system, covering both direct and indirect taxes managed by central and state governments. Direct taxes, like income tax, are paid straight to the government, while indirect taxes, such as GST, are collected through goods and services. The discussion outlines the nature, advantages, disadvantages, and distinctions between these tax types, underscoring their importance in national development and economic stability.
Published on: Fri May 24 2024
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Corporate Tax
India's corporate tax system encompasses rates for domestic and foreign companies, with provisions for deductions and rebates. The Minimum Alternative Tax (MAT) ensures companies pay taxes regardless of deductions. The Dividend Distribution Tax (DDT) previously taxed shareholder dividends but was abolished in 2020 for simplification.
Published on: Thu May 23 2024
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Financial inclusion in India
India's pursuit of financial inclusion through schemes like Pradhan Mantri Jan Dhan Yojana aims to ensure access to banking services for all, particularly marginalized groups. Empowering women financially, enhancing digital payment systems, and leveraging fintech post-demonetization are key strategies to foster economic participation and mitigate poverty across diverse socioeconomic backgrounds
Published on: Wed May 22 2024
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Evolution of accounting practices in India
India's accounting history reflects its evolution from ancient practices like Bahi-khata to modern innovations. Despite colonial influences, India preserves its unique heritage while embracing technology. The future holds promise with advancements like AI and blockchain, ensuring continued growth and success.
Published on: Tue May 21 2024
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The Institute of Chartered Accountants of India (ICAI)
The Institute of Chartered Accountants of India (ICAI) oversees and regulates the accounting profession in India. Established in 1949, it administers rigorous Chartered Accountancy courses and ensures high standards of professionalism. Despite challenges like technological advancements and stakeholder expectations, ICAI remains committed to fostering economic growth through global alignment and expertise, maintaining transparency and credibility in its operations.
Published on: Tue May 21 2024
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