Know about the Finance and Investments Terms

Accounting software programmes supplement the deduction and data processing capability of CAs, helping them cater to a significantly large number of clients on a smaller time period.

The rise in India’s GDP is primarily due to the growth of small and medium scale enterprises of the country. These companies run on a limited budget and therefore require additional assistance for business growth which is where adapting new technology comes in.

The healthcare industry is experiencing several amendments to regulate the concepts of insurance policies. Non-banking financial corporations have introduced several innovative products with custom-made features and benefits.

Introduction of GST accompanied several changes in India’s taxation regime. GST amassed several indirect taxes under one umbrella, eliminating the risks of double taxation and offering a similar taxation regime for the entire nation.

With India becoming the 3rd largest start-up ecosystem in the world, there are immense growth opportunities for fledgeling enterprises. These growth opportunities come along with an abundance of financial solutions as well.

Schools are a non-profit organisation in India and culmination of several operations that help them become an institution for education.

Coworking space is an innovation introduced in the year 2005 with an intention to reduce the rental cost of office spaces utilised by working professionals. As per this concept, self-employed individuals or companies can rent work stations as per their need and pay only for the number of employees they have.

Working capital is referred to as the financial investment used to maintain day-to-day operations in a business. To calculate working capital you are required to find the difference between your company’s current asset and the company’s current liabilities.

The textile and handloom sector of India employs as many as 43 million individuals, thus becoming the second largest employment contributor to the rural poor.

PMEGP scheme provides a subsidy to relieve the repayment burden of individuals availing credits from financial institutions. Businesses being operated in urban areas are eligible to enjoy a 15% rebate, while rural businesses enjoy a 25% subsidy rate.