Businesses require funding at various phases such as while starting on a new project, expanding operations, or recovering from losses. However, starting up a business is the part when funding seems to be almost non-existent. Entrepreneurs have to work out ways to make optimal use of their resources in every possible way. But that may […]
In our move towards cashless economy, one of the key hindrances has been the unavailability of POS terminals as well as the fact that a majority of Indian phone users use feature phones. One way to overcome this issue has been the recently introduced of the ingenious Aadhar Pay app. What is Aadhar Pay? […]
The 2017 Budget saw a key initiative for small and medium-sized enterprises (MSMEs). Finance Minister Arun Jaitley announced in the Lok Sabha today that the corporate income tax rate for businesses with turnover less than or equal to Rs. 50 crore will get a 5% reduction in corporate income tax. This means that the corporate […]
Businesses need a regular funds flow for managing their varied financial requirements. Most of the expenses can be met from revenues but there are times when a larger expenditure needs to be incurred for future betterment of the company. Business loans are meant for such situations. Business owners, whether they are entrepreneurs or established businessmen, […]
State Bank of India (SBI), India’s largest public sector lender, has voiced intentions of doing away with MDR (merchant discount rate) charges for small businesses that accept card payments using its POS terminals. At present, the bank plans to include only merchants with annual turnover not exceeding Rs. 20 lakhs in the category of merchants […]
A business loan often is the answer to several financial problems and crises, small businesses and start- ups usually face. While getting a business loan is a slightly long and complicated process, the key lies in knowing how to do it and get the best terms. To improve your chances of getting the loan approval, […]
With the government of India announcing a ban on Rs 500 and Rs 1000 notes effective midnight yesterday, most people would be facing a major cash crunch for the next few weeks. Banks and ATM machines would be shut today (Nov 9) in all parts of the country. While this government move to tackle the […]
India is blessed with a young population and a middle class that continues to aspire to rise further. However, these high aspirations need fuel in the form of funding and individuals are turning to loans to invest in their future through education, homes and much more. The fast paced expansion of various loan segments in […]
After several years of struggling through a regular bank job, Krishna Iyer, 30, finally decided to start his own business venture. He needs an office premises, new equipment/goods, inventories, and will have ongoing operational and other expenses such as salaries, marketing costs, etc. However, being a salaried individual in the earlier years of his career, […]