The Reserve Bank of India Re-categorizes NBFCs

The Reserve Bank of India has introduced a new category of Non-Banking Financial Companies (NBFCs) By Ajay Ramanathan Bengaluru, March 14, 2019: The Reserve Bank of India (RBI) has created a new category of NBFC (Non-Banking Finance Company) called Non-Banking Finance Company – Investment and Credit Company (NBFC-ICC). In a notification dated Feb. 22, the […]

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All India Protest to be Carried out on March 13

The South Western Railway Mazdoor Union – Bangalore Division is a part of the All India Railwaymen’s Federation, which is the largest Trade Union in Indian Railways. By Praveena P. Bangalore, March 7, 2019. The South Western Railway Mazdoor Union (SWRMU) – Bangalore Division is planning to protest against the Indian government with various demands […]

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Wrong Estimation of Gross Domestic Product

According to Ajcon Global, the average growth rate of the Gross Domestic Product (GDP) of India is 7.3 percent. By Praveena P. Bangalore, March 7, 2019. The calculation of Gross Domestic Product (GDP) in India, or even the world, is not fully accurate, since there are numerous factors involved that result in the wrong estimation […]

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A Weekend of Cost Management

Convention held on issues faced by accountants. By Ajay Ramanathan and Hansy Sanctis Bengaluru, Nov. 23, 2018: The President of the Federation of Karnataka Chamber of Commerce and Industries (FKCCI), Sudhakar S Shetty, announced a Memorandum of Understanding (MoU) with the Institute of Cost Accounting (ICAI) in Bengaluru today. The Regional CMA Convention 2018 is organized […]

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Huge Decline in Car Sales This Diwali

Despite numerous offers and discounts, the sales of domestic cars have declined this November. Bangalore, Nov. 22, 2018 By Praveena Parthiban The sale of passenger vehicles, particularly domestic cars, has fallen drastically during the third financial quarter of October-December 2018, mainly because of the fall in sales this November during Diwali. This is surprising because […]

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Goldsmiths get certified by skills council

Goldsmiths from all over the state underwent a six-month training to polish their skills. Bangalore, Nov. 21, 2018. Over a thousand goldsmiths earned a certificate from the Gem and Jewellery Skill Council of India on Wednesday.  The goldsmiths came from all the state to learn new skills, polish existing ones, and to familiarise themselves with […]

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Spatial Mapping Helps Tax Collectors

 The Bruhat Bengaluru Mahanagar Palike (BBMP) has completed 55 percent of the property tax collection for the year 2018-19 through new spatial mapping. Bengaluru, Nov.21, 2018. The Bruhat Bengaluru Mahanagara Palike (BBMP) has signed a Memorandum of Understanding (MoU) with the Indian Space Research Organization (ISRO) in 2016 to  start data analysis of pictures to be  taken […]

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