Important tax provisions in Budget 2015-2016

Finance Minister Arun Jaitley today on 28th February 2015 has announced a budget for the financial year 2015-2016. According to him this budget is aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. Here are your major changes … Read More » "Important tax provisions in Budget 2015-2016"

How Venture Capital firm and Fund works for new emerging businesses

VC or Venture Capital funds are raised by venture capital firms. These firms comprise professional investors who collects majority of their funds from large investors and institutions. In a VC firm, professional investors are in charge of managing funds and works with start-up companies to ensure that the start-up business is growing in the right … Read More » "How Venture Capital firm and Fund works for new emerging businesses"

What is Seed funding for start-ups and how it works

Start-ups companies require funding to support their operations, product development and office administrative expenses at seed-stage before generating cash flow from services or sale. Amount of fund always depends on the type of project and requirements. The earliest round of funding for a newly start-up company is called seed funding or early state funding. This … Read More » "What is Seed funding for start-ups and how it works"

What is foreign currency exchange rates and how Currency conversion works

Currency Exchange rate is the price of the currency on a particular date. It’s like price of potatoes in a super market. For instance, if potatoes are selling at the price of 5 per one INR then we can take INR to potato exchange rate as 5. This means by giving one Indian rupees we … Read More » "What is foreign currency exchange rates and how Currency conversion works"

How Money laundering works in India and abroad

Money laundering happens in all most all countries including India. Recently global giant HSBC has been charged for money laundering cases. As per TOI report Indian tax department has served summons to HSBC. In this article we will discuss what is money laundering and how money laundering works in India and abroad. At the end … Read More » "How Money laundering works in India and abroad"

How employee stock option plan or ESOP works

ESOP or Employee Stock Option Plan is a benefit plan for employees in which if employee wants then they can become owners of the company. Companies in India and abroad use this method to attract and retain talented employees within the organization. Many companies are also able to manage the employee turnover through this method. … Read More » "How employee stock option plan or ESOP works"

How network marketing or multi level marketing scheme works

Multi Level Marketing or MLM schemes are known as referral marketing or network marketing scheme, where products or services are offered on a one to one basis by a sales person of the MLM Company to the end consumer instead of using traditional distribution channel (Distributors-retailers-consumers). These sales people in Multi Level Marketing are known … Read More » "How network marketing or multi level marketing scheme works"

World’s 8 biggest corporate scandals of all time

In 2009, Satyam Computer Services’s chairman Ramalinga Raju has confessed that the company’s book of accounts has been falsified and he had manipulated the accounts by Rs 14262 crore (USD 1.47 billion). On December 2014, Hyderabad Court sentenced Satyam founder B Ramalinga Raju and his brother Rama Raju to 6 months in jail and imposed … Read More » "World’s 8 biggest corporate scandals of all time"

5 best free accounting software for small and medium enterprises

Good accounting software can help in automating many of our business processes and can also be used to produce detailed reports to know precisely how we are doing. Choosing the best accounting software for you business can be a difficult task before you get started. If you are a freelancer or small business owner and … Read More » "5 best free accounting software for small and medium enterprises"

Important features of Personal Accident Insurance Policy in India

Personal accident insurance policy offers compensation in case of death, partial or total disability or mutilation resulting from an accident. Personal accident insurance policy is equally important as compared to life insurance and health cover. For instance, let us assume that a person meets with a road accident which causes a disability and due to … Read More » "Important features of Personal Accident Insurance Policy in India"