Unified Payment Interface (UPI) – Instant and Cashless Developed by National Payments Corporation of India (NPCI) the Reserve Bank of India launched Unified Payment Interface (UPI). Money transfers will not only be easy to send but more instantaneous and secured. ...

SIDBI – Small Industries Development Bank of India Small Industries Development Bank of India (SIDBI) is a financial institution which is headquartered in Lucknow, India. It was established in 1990 on April the 2nd and is mainly responsible for promotion ...

FDI (Foreign Direct Investment) FDI stands for Foreign Direct Investment. When a company from a particular country invests in another company based in a different country in a way that it acquires some (generally 10% as per OECD) controlling stake ...

Tax Benefits for Small Business Owners You can be an entrepreneur who is running a start-up, a home-based business or a small firm who is trying to make a mark. While playing the lead in this role of your life ...

What is RBI (Reserve Bank of India)? RBI stands for Reserve Bank of India & it is headquartered in Mumbai, Maharashtra. It is the Central Bank of India, controlling monetary values. It came into being on 1st April 1935. On ...

MNREGA On September 5th 2005 with assent of the president of India a new policy came into existence which worked towards providing livelihood security in rural areas of India. It started with the name “NREGA” which stood for National Rural Employment ...

What do you mean by NEFT? NEFT stands for National Electronic Funds Transfer. It’s an electronic payment system of India facilitated by RBI (Reserve Bank of India), it helps people with one-to-one money transfers. People using this facility can transfer ...

NSE and BSE A stock exchange or a stock market acts as a service provider, it is one stop shop for traders to buy or sell financial instruments such as shares, bonds etc. A stock exchange can be approached for ...

Heard about Public Provident Fund (PPF), but don’t know much about it? For details, have a look at the explanation. WHAT IS PPF? Much known as Public Provident fund, PPF a savings instrument introduced by the ministry of finance in ...

Secured and Unsecured Loans You need funds to start a new venture? or Require money for education of your children? or Maybe you’re looking out for a new credit card or loan to buy a new car/house? Whatever the requirement, ...

THE BIG FOUR Big Four is the term given to represent the top four audit companies of the world. Ernst and Young, Deloitte, PricewaterhouseCoopers and KPMG together make the Big Four. These companies conduct the audit of many public and ...