What Are SIPs and Why are they popular?
Systematic Investment Plans (SIPs) are a disciplined way to invest in mutual funds. By investing a fixed amount at regular intervals, investors can build wealth over time while benefiting from … Read More
Category: Finance and Trade
MoboMoney electronic wallet launched by Tech Mahindra
Tech Mahindra, which got a mandate to start a payment bank from the Central Bank in August last year, has launched an electronic wallet called MoboMoney on Wednesday. It is … Read More
Banks in India-Union Bank Of India
Union Bank Of India: Union Bank of India was inaugurated by Mahatma Gandhi more than eight decades ago. It is a Public Sector Unit with 55.43% Share Capital held by … Read More
Financial terms-Depository Receipt.
A depository receipt is a type of negotiable financial security that is traded on a local stock exchange but represents a security, usually in the form of equity that is … Read More
Income Tax
Income tax is a tax paid to the central government on personal income. It is the direct tax paid on income by an individual or a company/firm within a given … Read More
Banking Terms-Reverse Repo Rate
Reverse Repo Rate Reverse repo rate is the rate of interest at which the RBI borrows funds from other banks in the short term . This is done by RBI … Read More
Difference between a Demand Note and Promissory Note
Demand Note A Demand Note is a type of paper money that was first issued between August 1861 and April 1862 during the American Civil War in denominations of 5, … Read More
Financial Action Task Force(FATF)
Financial Action Task Force (FATF) was founded by the G-7 countries in 1989 to develop and promote national and international policies to combat money laundering and terror financing. The membership … Read More
13th Finance Commission of India
13th Finance Commission The 13th Finance Commission, which makes recommendations on sharing of tax revenues by the Centre and States, has suggested a new path for fiscal prudence in its … Read More