Bankruptcy is a legal proceeding carried out to allow individuals or businesses freedom from their debts, while simultaneously providing creditors an opportunity for repayment. Bankruptcy can allow you a fresh start, but it will stay on your credit reports for a number of years and make it difficult to borrow in the future. Declaring bankruptcy…
After independence India chartered a path of economic development based on mixed economy, building a new industrial structure around the public sector and closely monitored regulated and controlled system where government played the role of license are in the process of building industry. There were few hiccups in between. In the late 70s Mrs. Indira…
Psychology is the scientific study of behaviour, experience and mental processes. Behaviour includes all of our outward or overt actions and reactions, such as talking, facial expressions and movement. Mental processes refer to all the internal, covert actions of our minds, such as thinking, feeling and remembering. To study behaviour and mental processes in both…
FOREIGN EXCHANGE MANAGEMENT ACT (FEMA): FOREIGN BORROWINGS Earlier since April 2021, the provisions of the act of foreign exchange management,1999 became a subject of discussion when the Enforcement Directorate (ED) declared to initiate an inquiry at preliminary stage for the purpose of examining the overseas borrowings by one Kerala Infrastructure Investment Fund Board (KIIFB) on the note…
After demonitisation of currency, the next step towards recovery of black money is crackdown of benami transactions and properties. Benami property is any property without a name. If the buyer cannot disclose his income at the time of purchase, the transaction is considered Benami. The person on whom the property is purchased is known as…
Third World nations in general have much difficulty activating their largely stagnant economiesand meeting the challenges of feeding, educating and housing their growing populations.Problems facing the less developed nations are many and multi-faceted; some nations face verydifficult obstacles that require new visions and sustained efforts to overcome. Nevertheless, allsuch nations face problems that emanate primarily…
On 22nd December 1901, Rabindranath Tagore established his school at Santiniketan with five students (including his eldest son) and an equal number of teachers. He originally named it Brahmacharya Ashram in the tradition of ancient forest hermitages. Not too many know that Shantiniketan, which means the abode of peace – long before it became the…
Remember when Tesla created a thunderstorm wave in the cryptocurrency world, when they publicly stated their invested amount in Dogecoin ( a cryptocurrency). And everyone started talking about investing in Bitcoin and other cryptocurrencies, while suddenly the prices start to fall. What a mess it was! Well let’s understand it together and figure out if…
Nowadays, business transactions become more and more complicated due to the interdependence between different economic segments. The currency exchange rate is one of the definers of the relationships and goods exchange in the international arena. The concepts of supply and demand and market equilibrium determine a value of a particular currency in international transactions while…
Negotiable instruments are written orders or an unconditional promise to pay a fixed sum of money at a certain time period. Promissory notes, bills of exchange, drafts, and certificates of deposit are all different forms of negotiable instruments. The word negotiable means ‘transferable by delivery,’ and the word instrument means ‘a written document by which…
