Index insurance, also known as parametric or weather-based insurance, is a type of insurance that pays out benefits based on the occurrence of a specific measurable event, rather than indemnifying the actual losses suffered by the insured party. This form of insurance relies on predefined indices, such as weather conditions, commodity prices, or other measurable […]
Fundamental Rights in India are a set of constitutional provisions that guarantee every citizen certain inherent freedoms and protect them from arbitrary actions of the state. Enshrined in Part III Articles 12 to 35 of the Indian Constitution, these rights reflect the commitment of the framers to create a just and equitable society. They encompass […]
Article 39-A of the Indian Constitution embodies the commitment to providing equal justice and free legal aid. Enshrined in the Directive Principles of State Policy, this constitutional provision reflects the state’s commitment to securing justice for all, irrespective of economic or other disabilities. The mandate of Article 39-A is to ensure that opportunities for securing […]
The Directive Principles of State Policy (DPSP) in India are a set of guidelines and principles laid down in Part IV of the Constitution. These principles are meant to guide the state in the formulation and implementation of policies, with the ultimate aim of ensuring social and economic justice, and the overall welfare of the […]
The Anti-Defection Law in India is a legislative framework aimed at curbing the practice of elected representatives switching political allegiances, which undermines the stability of governments and political parties. This law is enshrined in the Tenth Schedule of the Constitution of India, which was introduced by the 52nd Amendment Act, 1985. The primary objective of […]
What is SIP? Systematic Investment Plan (SIP) is an investment strategy in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. How SIP Works: Upon initiating one or more SIP plans, the predetermined amount is automatically debited from the investor’s bank account and invested in the […]
Asset Under Management (AUM) in Mutual Funds operates similarly to market capitalization in stock markets, representing the total cumulative investment in a specific fund. It signifies the combined market value of assets and capital held by the fund. Fund houses manage AUM, and fund managers oversee these assets, making investment decisions for potential capital appreciation. […]
IPO, or Initial Public Offering, is a process where a private company becomes public by selling a part of its ownership to investors. This is typically done to bring in new capital, enable easy trading of existing assets, raise funds for future endeavors, or allow existing stakeholders to monetize their investments. In an IPO, institutional […]
Are you a taxpayer seeking a convenient way to respond to high-value transaction (For Understanding High Value Transactions-Income Tax refer to link) notices from the Income Tax Department? The income tax department employs diverse data analysis methods to identify individuals who either haven’t filed income tax returns or have inaccurately reported their income. In pursuit […]
High-value transactions refer to significant financial dealings involving large sums of money that are reported by banks, government agencies, and various entities to the Income Tax Department. This information is crucial for tax assessment when individuals file their Income Tax Returns (ITR). The Income Tax Department closely monitors such transactions to ensure compliance and detect […]