वित्त मंत्री निर्मला सीतारमण (Finance Minister Nirmala Sitharaman) ने 20 लाख करोड़ रुपये के आर्थिक पैकेज के बारे में विस्तृत जानकारी देते हुए बताया है कि 15 हजार रुपये तक की सैलरी वालों का पीएफ सरकार भरेगी. वित्त मंत्री निर्मला सीतारमण ने यह फैसला लिया है कि अगस्त तक कंपनी और कर्मचारियों की तरफ से …
Bank Guaranteehttps://www.youtube.com/watch?v=HJ_8YQL3gDk&t=74s A bank guarantee is a guarantee from a lending institution ensuring the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank covers it. A bank guarantee enables the customer, or debtor, to acquire goods, buy equipment or draw down Loans, and thereby expand business activity. …
INTRODUCTION Bank Guarantee is an agreement between three parties Bank, Beneficiary & Applicant. This can be used to essentially ensure a buyer or seller from loss or damage due to nonperformance by the other party in a contract. Three parties involved in Bank Gurantees. 1.Bank (Guarantor): The bank issues B.G on the receipt of the …
In India, two-wheelers i.e. motorcycles, scooters, etc. are probably the most chosen mode for daily transportation. Not having a right insurance can turn out to be even more expensive during major accidents. People get confused between the third party and comprehensive two-wheeler insurance. Let’s see what the difference between the two is and which is …
Which is better Third Party Two Wheeler Insurance or Comprehensive Coverage? Read More »
What is Advance Tax ? Advance tax means income tax should be paid in advance instead of lump sum payment at year end. It is also known as pay as you earn tax. These payments have to be made in instalments as per due dates provided by the income tax department. Who should pay Advance Tax? If …
What is Gratuity? Gratuity is defined as a sum of money that is paid to the employee over and above the decided salary at the time of his retirement Who is eligible for Gratuity? An employee is eligible to receive a gratuity only if he has completed five years of employment with an organization. However, …
A Legal Entity Identifier (or LEI) is a 20-character identifier that identifies distinct legal entities that engage in financial transactions. Which Company Required LEI Code ? It has been decided to require banks to make it mandatory for corporate borrowers having aggregate fund-based and non-fund based exposure of Rs 5 crore and above from any …
What is the Legal Entity Identifier (LEI) code ? Read More »
