Starting your own business could be cumbersome if your finances are not well-planned. One of the ways to raise capital for your business is by taking SME Business loans from banks or NBFC (Non-Banking Financial Corporation) in India. In India, the Average interest rate on a business loan is 16.6%. Since it usually ranges from …
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GST, or the Goods and Service Tax, is hailed as one of the biggest tax reforms of the nation. It is an indirect tax introduced to incorporate various central and state taxes like VAT, Excise, Service Tax and others. Since the implementation of GST in 2017, there have been several amendments in the rules and …
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COVID-19, the pandemic that has hampered the growth of the entire industrial world has majorly affected small businesses. The only question everyone is asking is how can these small business firms pick up the loose threads? Well, this is where FlexiLoans comes into the picture. FlexiLoans brings together diverse types of loans drafted specifically for …
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The novel Coronavirus has left the Indian economy shattered with a large number of small businesses struggling for survival. It might take a good time for companies to get back to the pre-Coronavirus times and levels of activity. Even getting close to those levels might be challenging, considering the present situation in India. But, it …
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COVID-19, the pandemic that has brought the entire world to its knees, is still striking, and it’s striking hard. Leaders across the industry for retail are quite certain of the fact that the longer this pandemic goes on, the greater impact and more challenges it will pose of retail businesses of all sizes, and especially …
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GST is going to be implemented on 1st July’17 and this has raised a lot of questions in people’s minds. Questions like: “What will become cheaper, what will become more expensive, which industries will get affected the most?” etc. have been looming around everyone’s minds. As we arrive closer to the date things seem to …
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The Government has announced a massive relief package for the MSME sector which is highly stressed due to the on-going COVID 19 pandemic. There are a host of measures that will ensure the availability of working capital. The package has relevance for the MSME sector as the economy is driven by the vision of Atmanirbhar …
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Insurance is a matter of grave concern when the ramifications include the deadly coronavirus. The global corona pandemic has left insurance regulators scrabbling for the most appropriate policies that they can provide to their customers. Both life and general insurance companies have been spurred by the IRDA to come up with products that aim to …
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Many individuals like to have small businesses of their own instead of working for others. It helps them in being their masters as they have complete control over the products they sell; on the people they hire and on the way they conduct business. But all this does not give them the power to do …
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The unprecedented apocalypse type of situation that has triggered fears of economic depression has also forced the government to allow extreme fiscal measures. The COVID 19 outbreak has prompted the Reserve Bank of India to announce a moratorium on Term loans for three months from March 1st 2020 till May 31st 2020. The banks have been scrambling …
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Point of Sales (or POS) transaction refers to the moment where the customer makes the payment against goods or services. This payment process can be completed via any of these mentioned methods, including payment via cash, credit cards, debit cards, mobile payments, loyalty points, and even gift cards. A study revealed that the POS transaction …
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Before the advent of GST, the tax structure of India used to be a complex one. Different taxes were levied on the businesses that demanded to be taken care of in various departments in different cycles. The criteria for tax payment also used to be different depending on the concerned state. It was especially detrimental …
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