Overview: Working capital is like the energy that keeps a company running every day. The working capital formula includes the money needed to keep everything moving. Think of it as a balance between what a business owns and what it owes right now. A company facing a shortage of working capital may seek help from …
Read MoreOverview: Net working capital plays a vital role in evaluating a company’s financial well-being. It represents the difference between the company’s current assets, such as cash, and its current liabilities, like bills and salaries. Maintaining positive net working capital empowers the company to navigate challenges and invest in growth after fulfilling immediate obligations. This metric …
Read MoreMicro, small, and medium enterprises (MSMEs play a crucial role in the Indian economy. They contribute significantly to employment generation, innovation, and overall economic growth. However, they often face numerous challenges that hinder their sustainability and growth.Access to funds continues to be a significant challenge for small businesses in the country. A survey by the …
Read MoreWhat is RoDTEP? RoDTEP, full form Remission of Duties and Taxes on Export Products, is an export promotion scheme by the government of India. The scheme became effective from January 1 2021 and aims to offset taxes and duties incurred on exported goods. It helps in reducing the input cost of exported goods, thereby ensuring …
Read MoreFood, shelter, and clothing are the basic needs of human beings in society. In India, with the second-largest population globally, employment opportunities for the masses are paramount. The textile sector is one such sector that can provide employment opportunities to both skilled and unskilled workforce. This is because the textile sector is labour-intensive. Presently, it …
Read MoreUnderstanding the CGTMSE Scheme: An Overview Are you an aspiring businessman struggling to access credit for your MSE due to the lack of collateral or third-party guarantees? Look no further than the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme, which can help turn your entrepreneurial dreams into reality. Launched by the …
Read MoreWhat is ICEGATE? The ICEGATE stands for “Indian Customs and Central Excise Electronic Commerce/Electronic Data Interchange (EC/EDI) Gateway.” It is a government-created internet platform that makes e-commerce trading possible. It also helps share electronic data related to customs clearance, import, and export processes. It is a single-window platform that allows shareholders to access information 24 …
Read MoreIntroduction A business plan is an outline that describes a firm’s plan and, in certain situations, how the owner intends to utilise loan money, investments, and cash. It implies that a firm is already making money and intends to keep doing so in the future. A great business plan is practical, short, and, most importantly, …
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 MoreLife is unpredictable; there’s no denying that. We apply for a business loan and intend to pay it back completely within a stipulated time. But sometimes, that becomes impossible. The reason could be unemployment, serious injury, or long-term disease. In such cases, repaying the loan is not easy. If you approach your lender with such …
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