Personal,Financial and Administrative Laws

Personnel Law Human resource managers in the twenty-first century are faced with an unprecedented intrusion of law into the workplace. The recent rise in EMPLOYMENT litigation and heightened awareness of employee rights in the last decade should signal to management that now more than ever, educating personnel executives in the trends and developments of employment … Read more

Basic Knowledge of Laws in India

Basic Knowledge of Laws in India The law is an amorphous set of rules govern individuals and group behavior. We don’t even know about many of these rules or we understand them only generally. For example, you don’t need to see a written law to know that it’s a crime to steal or destroy someone … Read more

Mains Booster-Highlights of the budget,2019

Highlights of current year’s union budget and its analysis Highlights of the budget,2019 Income up to Rs 5 lakh exempted from Income tax Standard deduction raised to Rs 50,000 from Rs 40,000 Direct Tax proposals to provide Rs 23,000 cr relief to 3 crore taxpayers Persons with gross income up to Rs 6.50 lakh not … Read more

Money Laundering And Black Money

Money Laundering And Black Money Money Laundering Money laundering is the process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source. The money from the criminal activity is considered dirty, and the process “launders” it to make it … Read more

Quick points: Accounting and auditing; Budgetary Control

Part C Accounting and Auditing; Budgetary Control: Definition: Budgetary control is the process by which budgets are prepared for the future period and are compared with the actual performance for finding out Variance.   Obj. of BC: Define the objectives of the organisation Providing plans to achieve the objectives Coordinating the activities of various departments … Read more

Deficit and Subsidies

Current Account deficit and Unfavorable Balance of Payment Current Account Deficit The current account deficit is a measurement of a country’s trade where the value of the goods and Services it imports exceeds the value of the products it exports. The current account includes net income, such as interest and dividends, and transfers, such as … Read more

Calculation Of Income Tax

 Calculation of Income tax (for salaried person and excluding house rent allowance) Salary is made up of various components such as:   Basic salary,    House rent allowance (HRA),   Special allowance Other allowances, reimbursements etc.   However, not all of the amount received as salary is fully taxable. A part of it … Read more

PUBLIC FINANCE-Fiscal Policy

PUBLIC FINANCE Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. It includes the study of … Read more

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