Finance

E-businesses are the future for every entrepreneur/business as they make trade possible across boundaries. Most businesses built their online presence during the lockdown because of the Covid-19 virus. Since then, the importance of having a digital presence is one of the priority agendas for all businesses.

ICEGATE (Indian Customs Electronic Commerce Electronic Data Interchange Gateway) is the one-stop shop for all international transactions attracting customs and other duty payments. Now the ICEGATE portal is revamped with new functionalities. Both the old and new websites of ICEGATE are now available in the public domain to enable users to move to the new portal smoothly.

Festivals are the time of the year when businesses also grow exponentially. Manufacturers, wholesalers, and retailers make use of this opportunity to bring more products with lots of offers.

Most banks lay down a condition that customers must maintain a minimum balance in their savings account. You can be penalized for not keeping the minimum balance. There is no limit on the penal charges that a bank will charge for the non-maintenance of the minimum balance.

Are you considering debt settlement for repayment of your dues? Ever heard of debt settlement where you pay a one-time sum to be freed of your debts? Does that sound too good to be true?

Have you ever wondered why banks announce that they’re writing off bad debt? After all, isn’t that it a loss for the bank that they are unable to recover the costs? Continue reading to understand what is a write off and why banks do it.

How Long Does It Take for a Repossession to Come off Your Credit?

For any business venture to flourish, the most important requirement is capital i.e. timely availability of funds. When businesses lack proper funding their growth cycle is disrupted. This is a major hindrance for a vast majority of entrepreneurs.

Though loan restructuring and refinancing may sound similar, they are two different processes that are often mistaken as the same. In this article, we explain the similarities and differences between these two processes, so you can take the right decision for your loans.

The Indian consumer market boasts of young buyers who are always on the lookout for ‘buy now pay later’ options while making any big-ticket purchases. As more and more users prefer to buy high-end variants of consumer durables, smartphones, etc, there is a growing need for smart financing solutions that allow buyers to make instant purchases without having to pay the entire value of the product upfront from their pockets.

Microloans are a short-term loan, generally with a smaller loan amount that can be availed by startups, micro enterprises, self-employed individuals and small business owners with low capital requirements.

With the continued impact of the Covid-19 pandemic on the economy, the Indian government announced multiple timely measures to offer relief to millions of individuals and small businesses.

Fiscal policy is the main guiding force in the Indian economy which helps the government take decisions around money matters such as expenditures and savings. It is primarily used to gauge the financial support required for boosting economic activity, and the amount of revenue required to be generated for the same.

A franchise offers double benefits - it offers the flexibility and independence of a small-scale set-up along with the infrastructure of a bigger corporation. It is an ideal opportunity for those interested in entrepreneurship, especially first-time entrepreneurs.

The Indian government imposed a stringent nationwide lockdown in March, as a means to flatten the Covid-19 curve. The lockdown was to buy time for the government to prepare various health measures to deal with the Coronavirus outbreak.

In India, gold occupies a coveted status as the most sought-after commodity. The yellow metal is intricately linked with our numerous traditions. Be it the birth of a baby, wedding, housewarming, anniversary, or any other auspicious celebration, it's common practice to purchase/gift gold jewellery and ornaments.

The Covid-19 pandemic has impacted the Indian economy in unthinkable ways, especially when the lockdown was imposed which brought the entire nation to a halt. This has come at a time when the economy was in a poor state and was showing signs of slowing down, especially the financial sector combined with decreasing consumer demand for goods.

In today’s internet era and intensive online marketing, almost everything is availed with a few clicks online. Like all business sectors, banking too has been providing various services online, making the lives of most people easier when it comes to daily transactions.

From teens to senior citizens, today, everyone shops online. It's convenient, quick, and hassle-free. However, not many are aware of how to safely transact online while keeping their personal financial data secure.

Managing your money is important and it becomes especially important during a crisis like the ongoing Covid-19 pandemic. We are starting to see some economic consequences starting to show up, but what is less visible is the financial stress caused by the uncertainty.

The Reserve Bank of India recently announced an extension of the 3-month moratorium given to borrowers due to the uncertainties caused by the Covid-19 outbreak. Initially, the RBI had announced the moratorium from March 2020 to May 2020.