Bank Holidays 2025: State of Rajasthan
The Government of Rajasthan in their Order No.16 (1).v.m./2024 dated 19.11.2024 declared bank Holidays under section 25 of NI act for the year 2025. The list of public holidays in Rajasthan in the year 2025 is as follows Sr.No Date Day Occasion/Festival Date 1 26.02.2025 Wednesday MAHASHIVRATRI 2 14.03.2025 Friday DHULANDI/HOLI 3 31.03.2025 Monday EID-UL-FITR…
Read article
Distinguishing Capital expenditure and Revenue expenditure
Meaning of Expenditure and Expenses: Expenditure refers to the total amount spent to acquire goods or services, while expense refers to the cost of goods or services used to generate revenue. Expenditure is more of a general concept and includes all the outflow of money that comprises expenses and capital investment as well.1 day ago…
Read article
Bank Holidays 2025: Gujarat State
In pursuance of the explanation in section 25 of NI Act 1881, read with the Government of India, Ministry of Home Affairs, 39/1/68-Jud.III dated 8 May 1968, the Government of Gujarat, The Government of Gujarat vide notification No.GD/26/2024/JSR/2024/605/GH, announces the following days to be public holidays for banks in Gujarat during the year 2025. Date…
Read article
Deepfake videos of RBI Governor: RBI warns public to be careful
The Reserve Bank of India on Tuesday placed on its website that the deepfake videos of the Governor are being circulated on social media that claim the launch of or support for some investment schemes by the RBI. “These videos attempt to advise people to invest their money in such schemes, through the use of…
Read article
What are various methods of depreciation, advantages, disadvantages and revaluation of assets?
(This article explains various methods of Depreciation such as the Straight Line Method, Diminishing Balance or Written Down Value (WDV), Unit of production method, MACRS method, group depreciation method, etc. Advantages and Disadvantages of Straight Line Method, Advantages and Disadvantages of Written Down Value Method, Units of Production Method, Sum of the Years’ Digits Method,…
RBI carries out multiple amendments to KYC Norms effective from November 6.
RBI on a review amended KYC Master Direction on November 06, 2024. “The amendment has been necessitated to (a) align the instructions with the recent amendments carried out in the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 vide Gazette Notification dated July 19, 2024, (b) incorporate instructions in terms of the corrigendum dated…
Read article