What is operating cycle of a manufacturing unit?
The operating cycle of a manufacturing unit means the length of time required to convert ‘Non-Cash current assets’, (like raw material (RM), work in process (WIP), finished goods (FG), and receivables) into cash. The appraisal of working capital finance means the assessment of gross working capital, net- working capital and working capital gap for assessment of…
Read articleBank holidays 2025 in Lakshadweep UT
The Administration of Lakshadweep declared Public holidays to be observed throughout the UT Lakshadweep during the calendar year 2025 under section 25 of Negotiable Instruments Act 1881. The list of holidays: *April 1, and all Sundays, 2nd & 4th Saturdays are Bank Holidays under the explanation to section 25 of the Negotiable Instrument Act 1881.…
Read articleBank holidays 2025 for UT OF Dadra, Nagar Haveli, Diu and Daman
The Administrator of Dadra-Nagar Haveli, Daman and Diu, declared public holidays with effect from 1st Jan 2025 under section 25 of Negotiable Instrument s Act 1881. Banks are closed on 01.04.2025 (Tuesday) for the Annual closing of bank accounts. This holiday is not admissible to the Government offices. All Sundays and 2nd & 4th Saturdays…
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Interest rates unchanged on small savings instruments for January–March 2025
Govt. keeps interest rates unchanged on small savings schemes for third quarter starting January 1, 2025 The rate of Interest chart for various small savings instruments: Scheme Interest rate for January-March 2025 Interest rate for October-December 2024 Interest compounded Savings account 4.00% 4.00% Annual rest 1-year time deposit 6.90% 6.90% Quarterly rest 2-years’ time deposit…
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How interest coverage ratio is calculated?
The interest coverage ratio is a debt and profitability ratio used to determine how easily an entity can pay interest on its outstanding debt. EBIT is used in calculating the interest coverage ratio. Interest coverage ratio= Earnings before Interest and taxes (EBIT) ÷Total interest expenses Whereas EBIT is the operating profit of a company and…
How to process credit proposal?
Credit Appraisal is a knack of adapting certain precautions at the time of new sanction or renewal or enhancement of existing limit. Credit Appraisal revolves around the credit investigation to determine the economic and business environment in which prospective borrower is placed. The process involves assessment of honesty and integrity of the borrower, standing of the borrower,…
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