Introduction With the advent of growing technologies, the payment system is mainly made through the online banking system or online transaction, which made our life simpler and also helped in fast transactions of money. Online transactions are way more simple and faster than the issuing of cheques. Yet cheques have been preferred for financial transactions…
INTRODUCTION For trading with all affairs of the development and order of the securities markets and preservation of the investors, the SEBI (Securities Exchange Board Of India) was instituted on 12th April 1988 as non- sanctioned body by the Administrative Resolution of the Government. SEBI was constituted as a statutory body on 21st February 1992.…
Introduction A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology-a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any…
For metro standardization, the impacts will be such that currently two metro range systems operate in the country based on gauge and with multiple rolling stock vendors. Standardization would help in lowering the cost and exports. With the expansion of ECLGS, an early report by the economist from SBI highlighted how the scheme had prevented…
Introduction A Ponzi scheme is a fraudulent investment designed to defraud investors. It entails enticing the general public to invest in dubious yet lucrative schemes. With almost little real income, they rely on a steady stream of new money to stay afloat. The scheme collapses when there are no new investors or when existing investors…
Introduction FinTech, a combination of two words – “finance” and “technology”, is a relatively new and frequently imprecise phrase that refers to any developing technology that allows consumers or financial institutions to deliver financial services in newer, faster ways than previously possible. Consider the difference between strolling into a bank and being able to check…
“Mobile was Internet 2.0. It changed everything. Crypto is Internet 3.0” –Gil Penchina We all came across the news about cryptocurrency tax calculation. Firstly, we should know what cryptocurrency is. Since time immemorial, currency has been a very important part of our lives in the caveman era. They use the barter system, now…
The Foreign exchange Management Act, 1999 (hereinafter referred to as “FEMA” or “the Act”) is an Act meant to govern the laws pertaining to foreign exchange so as to manage and functionally facilitate external trade and payments as regards the foreign exchange market in India. This Act, supra, replaced the Foreign Exchange Regulation Act, 1973…
Role and functions of National Bank for Agriculture and Rural Development (NABARD) NABARD is a Development Bank which came into existence post the enactment of the NABARD Act of 1981 and is regulated by the RBI. The ownership of these banks lies in the hands of the Government of India. It is a National Financial…
INTRODUCTIONThe economic policy is bothered with the raising of government revenue and incurring of government expenditure. To generate revenue and to incur expenditure, the government frames a policy known as budgetary policy or fiscal policy. So, the fiscal policy is concerned with government expenditure and government income. the level and composition of taxation and government…
