Author: Shahrukh Ansari

Before any weighing or measuring product can be sold, used, manufactured, or imported in India, it must meet the standards set by the Legal Metrology Department. As per Section 22 of the Legal Metrology Act, 2009, every manufacturer and importer is required to obtain a Model Approval Certificate. This certificate ensures that the product complies […]

Imagine waking up one morning to find out you can’t withdraw your own money from the bank. That’s exactly what happened to customers of New India Co-operative Bank, leaving them in shock and panic. The Reserve Bank of India (RBI) imposed strict restrictions on the Mumbai-based bank, including a six-month ban on withdrawals, raising concerns […]

In the banking industry, Line of Credit (LOC) is a widely acknowledged term. Basically, an LOC is a financial agreement between a lender and a borrower that presets the borrowing limit. The borrower can use the funds whenever needed, repay them over time and borrow again if required. Both personal and business customers of lending […]

Life can be unpredictable, and financial hardships can hit when you least expect them. That’s where a loan moratorium comes in— A moratorium period in loans refers to a temporary break from paying Equated Monthly Instalments (EMIs), allowing borrowers to pause repayments during financial hardships. This facility became widely known in India during the COVID-19 […]

India’s startup ecosystem just got a major push! Union Finance Minister Nirmala Sitharaman, in her 8th budget speech, announced a fresh ₹10,000 crore Fund of Funds to support startups. This initiative comes with an expanded scope, aiming to fuel innovation and growth in the sector. For those unfamiliar, a Fund of Funds (FoF) works differently […]

AATO in GST stands for Annual Aggregate Turnover. It is a crucial parameter for determining the taxpayer’s eligibility for GST registration, tax rates, compliance requirements, and various threshold limits established under the GST system.  If you’re curious to learn about what is annual aggregate turnover (AATO) in GST and how to calculate it, we recommend […]

Whether you’re shopping online, booking tickets, or paying bills, a RuPay credit card ensures seamless transactions while giving you the flexibility of credit. What is RuPay Credit Card? Imagine having a card that gives you the freedom to buy what you need today and pay for it later—that’s exactly what a RuPay Credit Card offers! […]

In a world where global trade connects us all, classifying goods correctly is more important than ever. This is where the Harmonized System of Nomenclature (HSN) code steps in—it’s the backbone of smooth taxation, customs procedures, and trade data. Especially under India’s Goods and Services Tax (GST) system, HSN codes hold incredible importance. In this […]

When it comes to managing your finances, especially with vehicle ownership, understanding foreclosure car loans is key. Simply put, a foreclosure car loan is when you pay off your car loan early, before the loan term ends. This can be done either by making a one-time lump sum payment or by speeding up your payments […]

Indians love to wear western clothes, especially those who live in metropolitan areas. The reasons for wearing foreign clothes include a variety of reasons such as to project a modern image and to celebrate cultural exchange. Because of the ever rising demand for western clothing in India, many foreign clothing brands have opened their stores […]