NBFC and banks are separate financial intermediaries providing financial services for customers. NBFC stands for non-banking financial company and their financial intermediaries like banks. However, the registration process and major functioning can differentiate both financial intermediaries. So, please read this article to learn about both and understand how they are different from each other. NBFC: …
Cash credit is a short-term loan that companies and businesses get to meet their working capital expenditure. An overdraft is a facility given by the bank to individuals and companies. So, they can withdraw money from their bank account, even if there is a low, zero, or below the balance. Most people and small businesses …
Indian billionaire Rakesh Jhunjhunwala passes away at the age of 62 in Mumbai due to the failure of multiorgan. Rakesh was not keeping well for the last few days. He was admitted to Breach Candy hospital and breathed his last today in the hospital. According to sources Rakesh was brought dead at Breach Candy hospital …
Harshad Mehta better known as the ‘big bull’ of those times, pulled off the biggest scams that India has ever seen in the stock market. A registered and famous broker managed to manipulate the Bombay Stock Market (BSE). He was able to do this with the help of his partners and loopholes in the banking …
Did you know that stock trading apps were the diminutive of full-fledged stock trading platforms? Such trading platforms provide seamless trading facilities and market access on smartphones. Are you a beginner? Want to know insightful information about the beginner’s trading apps? Mobile trading is much more popular among the beginner traders of India, who have …
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The stock market is one of the essential parts of an economy. It is because it reflects a country’s GDP and its growth rate idea. If we talk about the Indian economy, it is the world’s fastest-growing economy and is expected to achieve $5 trillion by 2025. Also, the Indian population includes the most percentage …
Financial planning only pays off when you use the right strategy and follow it properly. You might not get any significant results from financial planning if you do not make wise decisions. However, many negative factors affect your financial planning and do not give any results. This article will try to explore these factors and …
The National Pension Scheme has been available to the public for more than eight years. Also, many people have started investing their money in this scheme? But why are more and more investors, business owners, and self-employed people showing interest in NPS? We will discuss the same thing here in this article and superannuation. You …
Generally, there is no taxation provision on the income earned outside India. But the income of NRI from capital gains from shares, mutual funds, and rent on the property crosses the basic limit mentioned for exemption; in that case, NRI has to pay tax to the Indian government. The taxation system is essential in nation-building …
Under Income Tax Act 1961, a person must pay income tax on earned income by him. However, there are certain cases or scenarios where clubbing of income tax provisions is implemented. And the person has to pay income tax on the clubbed income as well. Hence, if you plan to transfer property to your spouse …
