Ethics at the Individual Level and golden rules
[This post elucidates Values, Norms, Beliefs, Morality, Conflict, Integrity, Golden Rule, Dilemmas, and Decision-Making] Ethics is a set of moral principles that guide a person’s behaviour and arrive at moral standards that regulate right and wrong conduct. The ethical principles are expressive about good habits that one should acquire, the duties that one should follow,…
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RBI asks Banks to link external benchmark for all floating rate loans from October 1, 2019
RBI has issued a circular, making it mandatory for banks to link all new floating rate retail loans like personal loan, housing loan, auto loans and floating rate loans to MSMEs to an external benchmark effective October 1, 2019. The circular dated September 4, 2019, permitted the banks to choose one of the several benchmarks…
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Business ethics in Banks
Business ethics is about managing values and conflict resolution. It refers to the moral principles, policies, and values that govern the way companies and individuals engage in business activity. It goes beyond legal requirements to establish a code of conduct that drives employee behavior at all levels and helps build trust between a business and…
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New income tax rules from Sept.2019 that may impact your TDS outgo
Here are a few changes made in income tax rules that came into effect from September 1, 2019 Section 194 N of IT act provides that aggregate cash withdrawal beyond Rs.1 crore thresholds in a year from banks, post offices or cooperative societies will attract TDS at the rate of 2 percent. This new rule…
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Now PAN will be generated automatically using your Aadhar number
With effect from September 1, 2019, Income Tax department would “suo motu” allot a fresh PAN to a person who files I-T Returns (ITR) with only Aadhaar number. The Central Board of Direct Tax (CBDT) notified on August 30, 2019, that a person who furnishes Aadhaar, as he/she does not have PAN, “shall be deemed”…
Ethical foundation and ethical theories explained
Ethics is defined as a moral philosophy or code of morals based on what is considered right and wrong by a whole society or a person. “Ethics” identifies correct human behaviour according to positive values, such as transparency, loyalty, consistency, suitability, fairness, and opportunity. The ethical foundation is the basis for ethical standards, a system…
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