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Reserve Bank of India (RBI): About, History, Objectives and Functions The  Reserve Bank of India (RBI)  is the Central Bank of India, also known as Banker’s Bank. The monetary and other banking policies of the Government of India are governed by the Reserve Bank. The Reserve Bank of India (RBI) was established on 1 April 1935 under the  Reserve Bank of India Act 1934 . The Reserve Bank of India has been in Mumbai since 1937. ABOUT RBI The Reserve Bank of India is fully owned and operated by the Government of India. Introduction to the Reserve Bank the basic functions of the Reserve Bank are described as: Controls the issue of notes Ensuring monetary stability in India The monetary policy framework is being upgraded to meet financial challenges. The Reserve Bank of India is governed by a central board of directors, with a 21-member central board of directors appointed by the Government of India under the Reserve Bank of India Act. HISTORY OF RBI The Federal  Reserve Bank of India  or RB

Infographic is a type of graphic  element which uses images, icons, diagram/charts, and minimal text to help the viewer to easily understand a topic or message. Infographics  are being designed to deliver information, data, stats, or knowledge quickly and clearly.  Infographics  have evolved as an important mass communication form in recent years. It is used by the government to educate people about government facilities and programs like welfare programs, vaccination schemes, etc. It is also used by schools colleges to teach students. Used by the organizations to compare data and growth and demonstrate plans. Government organizations, big and small industries are using  Infographics on digital platforms  (website, Email) and social platforms like  Pinterest , Instagram,  Facebook , etc. Infographics  is helping them to grab the attention of the target audiences and also educate them. Infographics are helping them to create awareness about the uses of their products or services, their

Multi-deposit system: The depository model adopted in India provides for a competitive multi-depositary system. The depository was to be a company formed under the Companies Act 2013 and a certificate of registration under the Securities and Exchange Board of India Act, 1992 was to be granted. There are currently two depositories registered with SEBI, namely:   National Securities Depository Limited (NSDL), and Central Depository Service Limited (CDSL)   Securities in Dematerialised Form: The depository model adopted in India provides for the dematerialization of securities, which is more or less similar to holding funds in bank accounts. Transfer of ownership of securities is done through simple account transfers. This method does away with all the risks and hassles normally associated with paperwork.   Fungibility: In a general sense, Fungibility is a good or asset’s interchangeability with other individual goods or assets of the same type. Assets possessing this fungibility property

What is the 2017 Amendment Bill for Companies?  The 2017 Companies (Amendment) Bill, which aims to bring in substantive amendments to the 2013 Companies Act. It aims to enhance the quality of corporate governance, initiates stern action against defaulting companies, and help boost the country's ease of doing business...   Some of the key amendments introduced in Companies Amendment Bill, 2017 are: Instead of affidavits, a declaration would be required for the incorporation of the company. In the case of a new company, the name reservation is valid for 20 days from the date of approval, instead of 60 days from the date of application. The Unlisted Company's Annual General Meeting (AGM) can be held anywhere in India. Each company must have its registered office within 30 days of incorporation, rather than the current requirement to have its registered office within 15 days. The ROC shall be informed of any improvement in the situation of the registered office within 30 days inste

Guru Gobind Singh Jayanti -  1666-1708 1)   Guru Gobind Singh Jayanti  (also known as Govind Singh) is a Sikh festival commemorating the 10th Guru of the Sikhs, Guru Gobind Singh Ji’s birthday.   2)  Guru Gobind Singh’s birth   anniversary  is being celebrated throughout the country by offering prayers and carrying out processions, it is an auspicious day. Guru Gobind Singh, the 10th Sikh guru, was born in Patna.   3)  Guru Gobind Singh Ji , the son of Guru Tegh Bahadur, gave his life to preserve religious freedom. At nine years of age, he succeeded his father when he became a Guru.  The teachings of Guru Gobind Singh Ji had a huge influence on Sikhs. He stood up against the Mughal rulers and fought against injustice during his lifetime. In 1699, Guru Gobind Singh Ji took five men from the lower caste of society and baptized them as His Five Beloveds, giving them great courage and devotion to God.   4)  Guru Gobind Singh Ji created the Khalsa, a military force of saint-soldiers he ba

Eligibility for Bonus & Its Payment Eligibility for Bonus:   In compliance with the Payment of Bonus Act, 1965, an institution that has hired 20 or more workers shall pay an annual bonus to its qualifying employees*.   Employees who have worked for no less than 30 working days in that year and earn a salary of Rs. 10,000 or less per month are qualified employees. And an apprentice is not eligible for the bonus, as per a decided case law.   Note: Now, from Rs. 10,000 to Rs. 21,000 per month, the cap has been adjusted.   Bonus disqualification   If an employee has been terminated from service for being involved in the Payment of Bonus Act, 1965, pursuant to Section 9,   (a) fraud; or, (a) fraud; or   (b) riotous or violent activity while on-site or in the establishment; or (b) riotous or violent behavior while on-site or in the establishment;   (c) fraud, misappropriation or sabotage of any property belonging to the establishment, and then prohibited from earning a bonus in complian

To borrow   Money is required to operate a business. Now, it can either be in the form of investment in money, or it can be borrowed from outsiders. Capital investment can be made by the issuance of equity securities, while money can be borrowed from external sources, i.e. external sources, through issuing debentures, bonds, bank loans, external commercial borrowings, etc.   Basically, borrowing means arranging cash with the intention of running a company and generating income and eventually returning the money borrowed.   Borrowing means borrowing cash. Loans can come in many ways, such as short-term loans, long-term loans, secured loans, unsecured loans, private borrowing, public borrowing, etc.   The firm's power to borrow     In its articles for borrowing capital, a corporation has its own life and has articulated powers. The company's power to borrow money is exercised by its directors by passing a resolution authorizing them to borrow money, and that resolution should als