Introduction The garment business is one of the most flourishing businesses in the world. Clothes are not just a necessity anymore. They are a status symbol. People want to wear clothes that showcase their personality. The textiles and apparel industry contributes 5% to India’s GDP. In a developing country like India, the potential of a …
Read MoreIntroduction Starting a new business demands a lot of planning. The first step is to identify the right business idea that will add value to the buyers. The second step includes planning for branding, marketing, hiring, and sales. And finally comes the product strategy and working capital needs. Does it sound like a lot of …
Read MoreNowadays, you can get a loan for almost anything. A secured loan with a clearly defined end use, such as a home loan or a loan for new business, is available. You can also get unsecured business loans that don’t have a specific purpose. People can get educational loans for college as well as for …
Read MoreFood is a vital component of the day and life in general, regardless of the occasion or situation. Because of its significance and the flavours it incorporates, a restaurant that offers delicacies at an advantageous location might provide a high return on investment. As a result, in today’s market, investing in establishing a restaurant, café, …
Read MoreIntroduction The FSSAI is a statutory body under the Ministry of Health & Family Welfare. All the rules and regulations related to food safety and standards fall under the purview of the Food Safety and Standards Authority Act. The act was established in 2006. FSSAI is the apex body to promote and protect public health …
Read MoreIntroduction GST registration entails acquiring a GSTIN from the government to collect and claim tax credits on inbound supplies. GSTIN, or GST registration number, is a unique 15-digit number assigned by the tax department to track registered taxpayers’ tax payments and compliance with applicable laws. Individuals and companies can now register for GST online, focusing …
Read MoreFrom starting a new business to maintaining cash flow, cash availability is critical in an existing business. That is why there are specially curated business loan options in the market for MSMEs. Repayment history plays a crucial role in the many things you need to consider to avoid your business loan application being rejected. Here …
Read MoreIntroduction: What is the MSME Scheme? In India, there are almost 6.3 crore Micro, Small and Medium Enterprises (MSMEs) that are making their active contribution in raising the GDP rate of India by getting involved in the business of trade both at the national and international level. MSMEs have been considered the country’s backbone for …
Read MoreWhat is Working Capital Management? Working capital management is managing the capital of the entity to finance its day-to-day operational activities. Working capital is the difference between the current assets and the current liabilities of an entity. An asset or liability is considered current when it is payable or receivable within an operating cycle. So, …
Read MoreIntroduction In the past, transferring funds from one account to another required a cheque and submission of the cheque to the bank, which typically took one week or longer to process. However, such days are gone, and electronic fund transfer options have gained prominence recently by enabling consumers to transfer money easily via the internet. …
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