Introduction: I like watching good movies in the theatres, after going by the reviews and word of mouth publicity, so far so good but since the year 2010 till date, I have started listening to the news of Select Blockbuster movies earning anywhere from 350 crores to 1000 crores on a Budget ranging from 200 […]
When the demonetization of Rs 500 & Rs 1000 was announced by Prime Minister Sri Modiji of India on a nationally televised address, even I was watching the same in Abu Dhabi at my residence (Presently in India) and I couldn’t believe that these 2 denominations of notes are no more legal tender, so what […]
Introduction: Recently one of my Techie clients from the city of Bengaluru had moved into a new flat and something else was running in my mind when he took my assistance in filing his income tax return (ITR), a Young techie of around 34 years having a salary of around Rs 2 million per annum […]
Introduction: Recently I had an interesting conversation with one of my NRI CA friends whose daughter who was a Rank holder in CA Nov 2020 Exams has been gainfully employed in one of the Big E-Commerce sellers as a financial analyst in Bengaluru who was asking me what are the avenues for saving taxes for […]
Introduction : Baghban was a Decent film released in the year 2003 which showcased the life of Retired Bank Manager beautifully essayed by Big B along with his onscreen wife essayed by Mrs Hema Malini who had spent all the money earned on raising their ( 3 +1) Male children who almost disown their parents […]
Introduction : I had begun my Professional career in UAE where the culture and business of credit card is quite robust with deep market penetrations, there are both advantages and disadvantages of owning a credit card and the success lies in judicious use of the same, off late I am seeing a positive uptick in […]
In the Budget for FY 2021-2022, Finance Minister Mrs. Nirmala Sitharaman announced that an Asset Reconstruction Company Limited (ARC) and Asset Management Company (AMC) will be set up to deal with the stressed assets of the public sector banks. In this background, Finance Minister announced the establishment of National Asset Reconstruction Company Ltd (NARCL) a government backed Bad Bank along with IDRCL (India Debt Resolution Company Ltd)
No bank shall open current accounts for customers who have availed credit facilities in the form of cash credit (CC) / overdraft (OD) from the banking system and all transactions shall be routed through the CC/OD account.
Introduction : What began as a Small experiment by Padma Vibhushan Dr Veerandra Heggade in the sector of Financial Inclusion Plan has grown up to become a sleeping giant in the State of Karnataka having spread out in almost all the 31 districts of the State with a very good track record of managing the […]
Introduction : During the Year 1993, we had gone to Audit an PSU Bank in Shimoga as an Articled Clerk and since it was a Statutory audit of the Branch, we were going through all the physical documents since there were no core banking or the banks were not computerized, one particular account which I […]
