What is a Statutory Liquidity Ratio or SLR?Statutory Liquidity Ratio (SLR) is the essential reserves requirement expected from banks before giving customers credits. It is a minimum percentage that commercial banks have to adhere to in terms of cash, gold, or security. The Reserve Bank of India (RBI) does
The IPO boom took over Indian markets in 2021. Its effects are still evident, with major companies like LIC, Ola, Bajaj Energy, and Delhivery expected to issue IPOs in 2022. However, the initial enthusiasm has been replaced by wariness amongst consumers, with the stock prices of companies such as One97
Wondering what is liquidity ratio? Simply put, it is a metric that helps understand a company’s ability to pay off short-term debt. It is helpful to estimate whether a company’s current assets can cover its liabilities. It is largely used by banks and other financial institutions to determine
If you are a working professional, you may have earned promotions and saved a lot of money over the years too. Now, it is time to start thinking of investing all the extra cash. And while you mull over your options, include this important aspect of investing while conducting your
Tax deducted at source (TDS) is the amount deducted at the source of the income. TDS on salary is deducted by the employers on your taxable earnings. Moreover, TDS on salary ensures the government collects the income tax from the source itself. What is section 192 of Income Tax Act?
Debt is considered among the safest investment classes for anyone with excess cash. The debt market comprises several financial instruments that enable the borrowing and lending of funds for interest. However, since debt is safer than other asset classes, it also offers lower returns. Nonetheless, it is an ideal investment
Before we talk anything about money market instruments, we need to understand what a 'money market' is? The money market is where short-term assets with a maturity of up to one year are traded. These assets are usually traded by institutions which can process high volume trades. These financial assets
Buying your home is one of the biggest achievements in life. However, it is also one of the most important financial decisions. Therefore, you should take your time and not rush into any decision. With the rising real estate costs, it is most likely that you may not have the
To reduce the tax burden and offer relief to taxpayers from multiple compliances, the Government of India incorporated a simplified scheme for businesses. Companies that opt for this presumptive tax scheme do not need to maintain regular books of accounts. The presumptive scheme allows taxpayers to declare income at a