(A manufacturing unit needs to hold the stock of raw material, work-in-process, finished goods for a length of time in the workplace before dispatching the final products to the customers. This article explains how to calculate holding period for stocks and book debts collection) The working capital cycle (WCC) is the time it takes for…
Updated on 14.08.2024 Interest Rates on deposits for various periods for all the banks in India are not the same. Here we have provided interest rates on deposits offered by all the public sector banks and large private sector banks in India. You may compare them at a glance. The names of public sector banks…
[The article gives details of how much money in cash you can bring to different countries how much foreign currency can be purchased on cash payment, the purpose for which foreign currency can be purchased, Usage of cards on foreign travel, the limit for Indian currency that can be brought into India from abroad, the…
An interview is a two-way communication process between a candidate and the interviewers. The objectives of an interview are to assess the candidate’s personality competencies such as attitudes, morals, enthusiasm, respect for others, friendliness, the level of acquired knowledge or information, etc., which cannot be assessed through a written test. The rationale behind conducting an…
In my previous post ‘how to get down to the redevelopment project of a housing society building,’ I explained what are all the precautions to be taken by the Society and its members before entering into an agreement with the builders/developers and what are all the important clauses to be included in the agreement. In…
[This article elucidates the FEMA rules for the transfer of sale proceeds of immovable properties abroad and the documents required for the same.] Section 6(5) in the Foreign Exchange Management Act, 1999 provides that “A person resident outside India may hold, own, transfer or invest in Indian currency, security or any immovable property situated in…
(The article gives the insight of important points to be borne in mind at the time of execution of loan documents with a to z check-list.) The system of obtaining proper documents as per sanction terms is called documentation. Without the proper documents, it is hard to create a legally enforceable charge for the security offered.…