Understanding the distinction between fixed capital and working capital is essential for a business owner to ensure the smooth running of the business and effective management. These two forms of capital serve two different purposes, but they are interconnected to…
The Goods and Services Tax, or GST, was introduced in India in 2017 to streamline the tax system and reshape how tax is charged on goods and services. Since then, it has affected various industries in the country, including the…
A term loan is a type of financial borrowing where the borrower gets a lump-sum amount and repays it in the form of instalments over a predefined period. These loans are important for small businesses as they provide access to…
The NPHH ration card, also known as the Non-Priority Household ration card, is classified under the Public Distribution System (PDS). It is issued to those families who do not qualify for the PHH ration card. According to the guidance of…
The Below Poverty Line (BPL) is a framework in India that sets the standard to identify the people who are surviving and living in extreme poverty. This helps to identify the people who need attention and access to various government…
GST, or Goods and Services Tax, is a unified tax system implemented in India in July 2017. It replaced multiple indirect taxes and impacted various industries, including the financial sector. In times of monetary crunch, a personal loan is a…
The government-run food security program, The Public Distribution System (PDS), is designed to provide essential commodities at subsidised rates. To implement this program, the state government has set up a system of Fair Price Shops (FPS) in every city. The…
Education is the base of progress, and empowering the youth of India with quality higher education is crucial for the country’s growth. However, for many hard-working students, a lack of funds can pose a significant challenge in pursuing higher studies.…
Secured and unsecured loans are two primary types of borrowing options available to consumers and businesses. Secured loans require collateral, such as property or savings, reducing lender risk, while unsecured loans rely solely on the borrower’s creditworthiness. Understanding these differences…