Finschool By 5paisa

Unique Ids For Indians Boon Or Bane For The Citizens?

unique IDs in india boon or bane for the citizens

Central Government and State Governments have been launching various Unique IDs to bring transparency and curb leakages in the system. The government has been consolidating initiatives and attempting to bring additional schemes under the Aadhaar umbrella. According to an analysis of ministry-level data, 312 initiatives were connected to Aadhaar. Twenty of these belonged to the … Read more

The Digital Banking Complaints To Be Redressed By Banking Ombudsman

Digital Banking Complaints to be resolved by Banking Ombudsman

Issues related to ATM/ debit cards, mobile/ electronic banking, credit cards, failure to meet commitments and non-observance of fair practices code were the top-five grounds of complaints received at the Office of Banking Ombudsman (OBO) during July 2020-March 2021, said an RBI report. What Is Banking Ombudsman? Banking ombudsman, a quasi-judicial authority is formed with … Read more

Companies To Disclose The Crypto Assets As Govt Taps Tax Experts Advice

Companies to disclose the Crypto Assets as Govt Taps Tax Experts Advice

The government has sought the views of tax experts on disclosure and taxation guidelines for companies and family offices that hold cryptocurrencies. Companies currently have to disclose any holdings or dealings in cryptocurrencies or crypto assets in their filings with the Registrar of Companies (RoC). What Are Cryptocurrency? Cryptocurrency is a digital payment maintained by … Read more

Filings Now Becomes Easy! Taxpayers To Get E-Advance Ruling Scheme.

Filings Now Becomes Easy ! Taxpayers To Get E-Advance Ruling Scheme.

The Finance ministry has notified the ‘E-ADVANCE RULINGS SCHEME’, enabling taxpayers to file their application for advance ruling through email, a move that will majorly benefit non-resident assesses in such proceedings. The ‘E-ADVANCE RULINGS SCHEME, 2022’, notified by the Central Board of Direct Taxes (CBDT), further provides that hearing before the Board for Advance Rulings … Read more

Will India’s Macroeconomic Situation Overcome Stagflation?

STAGFLATION

India’s overall macroeconomic situation is in a recovery mode, but the growth is concentrated at the top end, which is a worrying trend, according to former World Bank Chief Economist Kaushik Basu. Amid the rising inflationary trends, including the sharp increase in retail inflation last month, Basu, who has also served as Chief Economic Advisor … Read more

Will Indian Budget 2022 Meet Expectations Of Common Man?

Indian Budgets is not only one of the most important economic events in the country but also expectation of the entire Indian population to achieve quick and balanced economic growth while ensuring social justice and equality. The Budget 2022 is likely to be presented on February 1, 2022, as same as the last two years. … Read more

Financial Inclusion – Changing The Sector Together Brings Smiles For The Unbanked.

FINANCIAL INCLUSION (2)

Financial inclusion is a key element of social inclusion, particularly useful in combating poverty and income inequality by opening blocked advancement opportunities for disadvantaged segments of the population. It focuses on providing financial solutions to the economically underprivileged. The term is broadly used to describe the provision of savings and loan services to the poor … Read more

NPCI Joins Hands With Aggregators For Tokenization Facility

NPCI JOINS HANDS WITH AGGREGATORS FOR TOKENIZATION

National Payments Corporation of India has joined hands with brands and aggregators such as bigbasket, Goibibo, MakeMyTrip, JioPay, Juspay, Paytm, and PhonePe to introduce a Tokenization facility supported by the recently launched NPCI Tokenization System (NTS). This facility will help millions of customers maintain the security of their card financial data for online transactions, as … Read more

How Can Investors Take Advantage Of Business Cycles

HOW CAN INVESTORS TAKE ADVANTAGE OF BUSINESS CYCLES

Sypnosis A business cycle, sometimes called a “trade cycle” or “economic cycle,” refers to a series of stages in the economy as it expands and contracts. Constantly repeating, it is primarily measured by the rise and fall of gross domestic product (GDP) in a country. Business cycles are cyclical. So, while these can positively or … Read more