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Soniya Khanna

Soniya is dedicated professional having flair for reading & writing to keep herself updated with the latest economical developments. In a short span of 4 years as a professional she has worked on projects related to IPR & Corporate laws which have given her diversity in work and a chance to blend her subject knowledge with its real time implementation, thus enhancing her skills.

May 12 2020

Basic Concepts of Overseas Direct Investment (ODI)

Overseas Direct Investment in Joint Venture (JV) or Wholly Owned Subsidiary (WOS) is a way of promoting business globally by Indian entrepreneurs. It is a medium of connecting two countries...

Nov 13 2019

Ind AS Presentation Format for NBFCs

The Schedule III of the Companies Act, 2013 describes instructions of presenting financial statements of the company as per “Accounting Standards (AS) as well as Indian Accounting Standards (Ind AS)”....

Oct 22 2019

RBI Guidelines on “On-tap Authorisation of Payment Systems”

Recently on 15th October 2019, RBI issued guidelines on “ On-tap Authorisation of Payment Systems.”  The main aim behind the introduction of these guidelines is diversification of risk and to...

All You Must Know About Semi Closed Wallet

In India, currently in the area of non-cash transactions, the demand for e-wallet, Payment Wallet or Semi-Closed Wallet has been increased and appearing as a rising star. Semi-closed wallet license...

May 29 2019

541 Startups Get Angel Tax Exemption: DPIIT Secretary

Recently the government has granted angel tax exemption to 541 startups. Mr. Ramesh Abhishek, secretary of “Department for Promotion of Industry and Internal Trade (DPIIT)” said this on 27th May,...

May 21 2019

RBI’s Vision Document 2019-2021 on Payment and Settlement Systems in India to Promote Digital Economy

A vision document was essential for the growth of digital economy. Therefore RBI released a vision 2019 – 2021 document on Payment and Settlement System in India last week aiming...

May 20 2019

RBI Directs NBFCs to Appoint Chief Risk Officer

On 16th May, 2019 the Reserve Bank of India (RBI) made it mandatory for Non-Banking Financial Companies having asset size more than Rs. 5,000 cr to appoint Chief Risk Officer...

May 13 2019

RBI Releases Draft Framework for Regulatory Sandbox to Create Innovation Test Lab for Fintech

The Reserve Bank of India has come out with the enabling framework for a regulatory sandbox on 18th April 2019 to help Fintech Startups. Department for Promotion of Industry and...

May 08 2019

Cash Flow Forecasting in Financial Model

Cash Flow Forecasting is done to forecast the company’s future financial position. In terms of financial management of the company, it is considered as the core planning component. Cash flow...

May 06 2019

10 Benefits of Outsourcing Accounting Services

Accounting is a very important function which is performed by the organizations throughout the year. Adoption of proper financial accounting procedures is necessary as it reflects the financial stability of...

Apr 26 2019

Impact of Artificial Intelligence (AI) on Financial Service Landscape

Artificial Intelligence (AI) has become an integral part of the finance industry. AI gives a competitive edge to the industry. It helps in preventing fraudulent transactions. From analysis to monitoring,...

Apr 02 2019

RBI Merges Three Categories of NBFCs Into NBFC – Investment and Credit Company (NBFC-ICC) to Ease Operational Flexibility

“Harmonization of three NBFC categories into one by the RBI: NBFC – Investment and Credit Company (NBFC-ICC)” On 22nd February 2019, the Reserve Bank of India (RBI) released a notification...

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