tag:blogger.com,1999:blog-2425537096044763862026-07-24T11:33:22.105+05:30A blog to share my thoughts and learning in the field of Finance, Accounts, Management,Stock Market, Economy etc.,Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.comBlogger180125tag:blogger.com,1999:blog-242553709604476386.post-72802334954526921772020-07-05T23:31:00.014+05:302020-07-06T13:16:06.672+05:30

On this auspicious day of Guru Pournima, I would like to thank all my teachers/gurus who made me  a professional. My pranams to all. I tried to recollect my teachers and gurus from my school days.My first and foremost pranams (obeisance) to my parents. Every father is a hero. For me, he is a hero, a man of words, knowledge and wisdom. He is my first and foremost guru to me. He passed away

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com8tag:blogger.com,1999:blog-242553709604476386.post-29932427172211734232020-07-01T09:54:00.001+05:302020-07-01T09:54:49.725+05:30

Today, July 1 is the Chartered Accountants Day.  It is on this day of 1949 the institute came into existence through an Act of Parliament, The Chartered Accountants Act, 1949.The Institute of Chartered Accountants of India (ICAI) is the second largest professional Accounting & Finance body in the world and third largest professional accounting body in the world in terms of

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com3tag:blogger.com,1999:blog-242553709604476386.post-13416505729572088532020-06-20T21:50:00.033+05:302020-07-01T08:19:16.135+05:30

What is Sovereign Gold Bond (SGB)? SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. Some facts about SGB Issuer   Reserve Bank of India on behalf of Govt of India Denomination     grams 

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com2tag:blogger.com,1999:blog-242553709604476386.post-79145479101969714232020-06-19T22:43:00.004+05:302020-06-19T22:56:05.972+05:30

The Indian government has issued an advisory to citizens warning them against a large scale phishing campaign which impersonate the Indian government and promises free Covid -19 tests and other resources.In that process, they steal important personal and financial data of citizens. The malicious actors are claiming to have 2 million individual email addresses and the attack campaign is expected

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com0tag:blogger.com,1999:blog-242553709604476386.post-90231888091937052492020-06-19T21:50:00.007+05:302020-08-22T10:45:51.955+05:30

Federal Bank Limited is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India. The Bank is a pioneer among traditional banks in India in the area of using technology to leverage its operations and was among the first banks in India to computerize all its branches.Vision : To be

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com0tag:blogger.com,1999:blog-242553709604476386.post-44633331164940348522020-06-18T22:02:00.013+05:302020-06-19T20:18:47.438+05:30

Off late, I see lot of people suddenly raising their voice to boycott Chinese products and social media is bubbling.India is a vast country with a huge population & consumer base. In a trading world, we see countries import and export. Not every country is self-reliant on their own. There are dependency on each others. Surplus gets exported.With so many Chinese products flooding the markets,

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com2tag:blogger.com,1999:blog-242553709604476386.post-47269481960446788112020-06-18T13:36:00.006+05:302020-06-18T13:51:55.571+05:30

The Reserve Bank of India has come out with draft regulatory framework for the Housing Finance Companies (HFC).I feel this may the fallout of the various HFC which more act as an NBFC and fund their group companies.It is proposed to introduce the concept of ‘qualifying assets’ for HFCs as done in case of NBFC-MFIs. The proposed regulations are as under:Qualifying Assets refer to ‘housing finance’

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com0tag:blogger.com,1999:blog-242553709604476386.post-56816316784925392332020-06-14T19:41:00.002+05:302020-06-14T19:59:41.708+05:30

The One Person Company (OPC) was introduced through the Companies Act, 2013. Like partnership firms having an option to be a Limited Liability Partnership, sole proprietorship can look at a OPC.This will increase better compliance and put OPC in a better position in availing loans/funding. This will bring in the unorganized sector or sole proprietorship into an organized sector. There are many

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com0tag:blogger.com,1999:blog-242553709604476386.post-37653270002316237752020-06-13T21:50:00.007+05:302020-06-19T14:47:18.392+05:30

Having studied, Psychology and cognitive behaviors, this is where most of the consumers, especially in supermarkets fall prey.Have you ever heard about this marketing concept - DECOY EFFECT?The consumers have a cognitive bias while shopping or buying in which they will tend to have a specific change in preferences between two options when also presented with a third option that is asymmetrically

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com3tag:blogger.com,1999:blog-242553709604476386.post-83903430647843087492020-06-13T18:56:00.003+05:302020-06-13T23:04:05.041+05:30

For computing certain long term capital gains, the cost can be adjusted for the inflation and for that purpose, the Central Board of Direct Taxes notifies the cost inflation index every financial year.On 12-Jun-2020, the cost inflation index for FY2020-21 was notified as 301.Following is the notification, for those who want a reference.

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com1tag:blogger.com,1999:blog-242553709604476386.post-21549481673933536472020-06-11T14:10:00.004+05:302020-06-19T14:40:10.959+05:30

Many people ask this question, when the EMI moratorium was extended till 31-Aug-2020 - Whether my credit rating by Credit Information Bureau (India) Limited (CIBIL) will go down due to this?RBI in their press release under Statement on Developmental and Regulatory Policies dated 22-May-2020 cleared this that the moratorium period between 1-Mar-2020 and 31-Aug-2020 shall not be

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com1tag:blogger.com,1999:blog-242553709604476386.post-59861375810579956862020-06-10T21:55:00.004+05:302020-06-11T14:10:56.400+05:30

Circular No: 140/10/2020 - GST dated 10-Jun-2020Finally the government has cleared the air in terms of GST applicability on Directors Remuneration. The contention here is whether the Director is an employee or not. Wholetime/Executive DirectorA whole time-director under section 2(94) of the Companies Act, 2013 is an inclusive definition, and thus he may be a person who is not an employee of

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com0tag:blogger.com,1999:blog-242553709604476386.post-89509660836038480872020-06-09T22:48:00.001+05:302020-06-09T22:58:31.523+05:30

The Ministry of Corporate Affairs (MCA) has amended the Companies (Share Capital and Debentures) Rules, 2014, to allow startups to issue sweat equity shares not exceeding 50% of its paid-up capital upto a period of 10 years from the date of registration. What is a sweat equity?It is part of the Share Capital of the Company which is issued by a company to its directors or employees

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com0tag:blogger.com,1999:blog-242553709604476386.post-87796215544094333142020-06-08T11:48:00.003+05:302020-06-08T15:43:47.993+05:30

The Banks and Financial institutions extend various facilities to the exporters. The intention is to promote and facilitate exporters to do more to get more foreign exchange into India.The facilities extended can be categorized into Fund based and Non-fund based facilities.Fund based is more of extending funds to the exporters and non-fund based (as you guessed) is more of extending non-fund base

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com1tag:blogger.com,1999:blog-242553709604476386.post-45290902155059798572020-06-07T17:32:00.002+05:302020-06-07T21:22:58.356+05:30

In the earlier post, we looked at the basic understanding of getting loans. In this post, let us see from where can get loans and the various types of funding available.Normally, the loans are given by Banks, Financial Institutions and NBFCsAgain the facilities that can be availed are categorized into Fund based and Non-fund based.What type of funding that we can get from them? The funding

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com0tag:blogger.com,1999:blog-242553709604476386.post-5846901823714699252020-06-07T00:07:00.002+05:302020-06-07T08:26:34.055+05:30

Do you know that Micro, Small and Medium Enterprises (MSME) can tap the public through stock market?Yes, you are reading it right. MSME can get their shares listed through National Stock Exchange of India (NSE).NSE has created a platform called EMERGE for the SMEs to enable them to list their shares in their trading platform. Once the MSME exhausted the initial promoter capital, borrowings from

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com2tag:blogger.com,1999:blog-242553709604476386.post-24300548391163529052020-06-06T11:59:00.003+05:302020-06-07T21:32:47.684+05:30

There are many entrepreneurs who have ideas and passion for pursuing their dreams. Many are successful, few struggle and few create history.What are the challenges they face in their starting stage?Getting financeHow to convert their ideas to a marketable product or serviceMarketing their product or serviceI have worked all through my life starting as finance head, borrowing funds for my

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com4tag:blogger.com,1999:blog-242553709604476386.post-38165022892858612802020-06-03T11:03:00.001+05:302020-06-03T21:55:21.508+05:30

Prime Minister Shri Narendra Modi on 13-May-2020 announced various measures under the umbrella Atmanirbhar Bharat Abhiyaan. That means a self reliant India movement.There are lot of presentations on this Rs. 20 Lakh crore package. I am going to write in my MSME series, each schemes in a nutshell. The Atmanirbhar Bharat Abhiyaan has 5 pillars     (1) Economy : That can take a

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com1tag:blogger.com,1999:blog-242553709604476386.post-8156714811883812462020-06-03T09:36:00.001+05:302020-06-03T17:54:06.864+05:30

I was waiting to see the NIFTY scaling up back to 10K level. Today morning, it easily reached that level. What is so special about 10K, it is another number, correct?  I started my blogging a week ago and wanting to write on stock market. I was waiting for the 10K level to start blogging on stock market. For the last 5 consecutive sessions, the market gained - a first time to my

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com2tag:blogger.com,1999:blog-242553709604476386.post-85435867895126305102020-06-01T22:13:00.001+05:302020-06-01T22:16:33.297+05:30

Today, 1-Jun-2020, Shri Narendra Modi, our Prime Minister launched an ICT (Information Communication Technology) based platform called CHAMPIONS which stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. The Prime Minister in a tweet said “Launched the portal http://Champions.gov.in. This is a one-stop place for Micro, Small

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com0tag:blogger.com,1999:blog-242553709604476386.post-42181713202946754562020-06-01T21:04:00.001+05:302020-06-03T09:41:58.300+05:30

On 13-May-2020 when the Finance Minister announced stimulus package to the MSME, revised the definition of MSME based on investment and turnover. Following table reflect the new criteria, which was revised after almost after a decade. This is effective 1-Jul-2020. After representation from various groups, today on 1-Jun-2020 the Composite criteria for Medium enterprise revised to 

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com0tag:blogger.com,1999:blog-242553709604476386.post-59029667371662424282020-05-31T19:30:00.000+05:302020-05-31T22:18:42.615+05:30

With the pandemic situation, the business has to survive. Getting the business, managing the expectations of the customers, getting the payment from the customers, making profit are challenging in the near future. There may be schemes and stimulus announced by the government, banks may give finance to tide over the situation. But, we own the business and we are responsible for that. While

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com1tag:blogger.com,1999:blog-242553709604476386.post-23099099667305319102020-05-31T08:53:00.005+05:302020-05-31T08:58:33.890+05:30

The excitement of the re-start of the economy ignited the spark in a group of four and thus was born MSME KNOWLEDGE FORUM. They are a Group of four Professionals, of one mind, and have combined their knowledge to share their experience of over 15 decades to passionately serve the society and the MSME sector.  This Group has served multiple industrial verticals, and are

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com0tag:blogger.com,1999:blog-242553709604476386.post-11714709775832275702020-05-30T22:45:00.002+05:302020-05-30T23:21:48.394+05:30

The cabinet approved an additional Rs.3,00,000 crores of funding to eligible Micro, Small and Medium Enterprises (MSME) and interested MUDRA borrowers by way of "Emergency Credit Line Guarantee Scheme" (ECLGS). Under ECLGS, 100% guarantee to be provided by National Credit Guarantee Trustee Co Ltd (NCGTC) in the form of a Guarantee Emergency Credit Line (GECL) facility. Why this scheme?

Gopal Ramananhttp://www.blogger.com/profile/01186905105082582077noreply@blogger.com0tag:blogger.com,1999:blog-242553709604476386.post-71107161562829417382020-05-30T22:11:00.000+05:302020-05-30T23:22:28.864+05:30

Many ask, what is a MUDRA loan? MUDRA stands for Micro Units Development and Refinance Agency Ltd. It is a Non-Bank Financial Companies (NBFC). It is not a direct lending institution. MUDRA does a refinance support to Micro Finance Institutions (MFI), NBFC and Banks for lending to Micro units having loan requirement upto Rs.10 Lakhs, under the aegis of Pradhan Mantri Mudra Yojana (PMMY

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