A handicrafts business is a lucrative business idea to start your entrepreneurial journey. However, even if you have some of the best products, starting and running a profitable plan can still be difficult. Also, if you are a beginner, setting up a new business in an already competitive market can be daunting. But the good …
Read MoreIf you’re a book publisher, you might be aware of how you need to display the ISBN number on all the books you’ve published. A unique, 13-digit number that helps identify the publisher and the publications’ title, it is a permanent identification and doesn’t require you to renew your ISBN registration. Having an ISBN number …
Read MoreWhat is VAT? VAT, or Value-added Tax, is an indirect charge on almost all products and services in most parts of the world. It is paid by the end consumer of the product or service and can account for a significant percentage of the amount paid for a product or service. VAT is collected by …
Read MoreNSIC stands for National Small Industries Corporation Limited, operating under Micro Small and Medium Enterprise (MSMEs). In 1955, the Government of India formed NSIC, then known as Mini Ratna PSUs (Public Sector Undertaking). Its headquarters are in NSIC Bhawan, Okhla Industrial Estate, New Delhi, India. NSIC promotes and fosters the growth of MSMEs operating in …
Read MoreWhat is a CIN number? CIN means Corporate Identity Number. It is a 21-digit alphanumeric code assigned to One Person Companies, Public Companies, Private Companies, limited liability partnerships, governmental organisations, government entities, non-governmental organisations, not-for-profit organisations, and so on that are registered with the Registrar of Companies. CIN means Corporate Identity Number. It is a …
Read MoreThrough different channels and reforms, India’s digital drive has pushed the country toward a cashless economy. UPI is one such digital breakthrough that has eased digital transactions. The National Payments Corporation of India (referred to as “NPCI”), the apex body that handles money transfer systems in India, created UPI in 2016. The Reserve Bank of …
Read MoreThe Aadhaar Card is India’s premium identification document, required for authentication to avail all government schemes and banking services. The one-page document contains your entire bio, name, address, and mobile number, and its online database contains your biometric details of fingerprint and iris. From applying for business loans online to getting an ultrasound, you need …
Read MoreThe PAN card, or Permanent Account Number, is a legal document that is needed for all monetary operations. The Personal Account Number (PAN) is a 10-digit alpha-numeric code sequence issued and authorised by the Income Tax Department of India. The PAN card is valid indefinitely. When you want to make modifications to your present PAN …
Read MoreWhat is Video KYC? To enhance the customer identification process, video KYC was first introduced by the Reserve Bank of India. This video KYC is done for every customer while opening a bank account. The video KYC process is initiated either by Micro-ATMs or KYC Registration Agencies. Online video KYC is a 10 minutes documentation …
Read MoreIndia is a country where self-employment is encouraged as a tool to get rid of unemployment. Anyone in India who is 18 years and above can establish and run their own business. India ranks 63rd in the Ease of doing business index in 2020. This index measures factors such as ease of starting a business, …
Read More
