Facts About Term Life Insurance
Term life insurance plan provides life cover to an individual. In simple terms, a lump sum amount (Sum Assured) is paid to the family members on demise of life insured. … Read More
Category: Economics
Popular Economic terms used in trade and commerce
Ad Valorem : Value added. An example of an ad valorem tax would be VAT. Advances: Loans given by financial institutions Appreciation: An increase in the value of an asset. … Read More
India Economic Survey,2011-2012 Highlights
The Economy Survey 2011-12 was tabled by the Finance Minister Pranab Mukherjee in the Parliament on March 15, 2012. Following are the highlights of Survey, a report card of the … Read More
What is a currency chest ?
What is a currency chest? To facilitate the distribution of banknotes and rupee coins, the Reserve Bank has authorised select branches of scheduled banks to establish Currency Chests. These are … Read More
Inequality in earnings has doubled in India
According to a report by Organization for Economic Cooperation and Development, inequality in earnings has doubled in India over the last two decades, making it the worst performer on this … Read More
The Indian economy
The Indian economy is the fourth largest economy of the world on the basis of Purchasing Power Parity (PPP). It is one of the most attractive destinations for business and … Read More
Value Added Tax & Sales Tax
Value Added Tax VAT is the indirect tax on the consumption of the goods, paid by its original producers upon the change in goods or upon the transfer of the … Read More
The Service tax
Service Tax Service tax is a tax levied on services rendered by a person and the responsibility of payment of the tax is cast on the service provider. It is … Read More
The Wealth Tax
Wealth Tax The Wealth Tax Act is an important direct tax legislation, which came into existence on 1 st April 1957. Wealth tax is levied on the benefits derived from … Read More
Quality Management System Standards and ISO,ISI,BIS Marks
ISO (International Organization for Standardization) is the world’s largest developer and publisher of International Standards. ISO is a network of the national standards institutes of 158 countries, one member per … Read More