Com-Exultant : Finance and Research

  MERIT RATING Meaning: Merit rating is the systematic evaluation of the performance of an employee on the job in terms of the requirements of the job. It may also be ascertained by comparing the superiority of an employee over others. Quantity and quality of work, attendance, obedience, skill, desire to learn, loyalty, family background, personality, etc. are some of the factors that are taken into consideration in assessing merit.   What is  Merit Rating – Objectives and Importance The Objective of Merit Rating : 1. For each individual worker, assessment of the standard of performance, 2. Providing a basis for rewarding for high merit without detailed work study being applied, 3. Providing a basis for determining the remuneration of the indirect workers, the performances of whom cannot be easily determined, 4. Choosing suitable worker for a job; job evaluation mentions the job requirement of the worker, while merit-rating mentions what qualitie...

  Asset Finance Company The  Asset Finance Company  is the financial institution engaged in the principal business of  financing physical assets  that correspond to productive/economic activity such as machinery, automobile, tractors, material handling equipment, power generators, etc. The  Asset Financing  refers to the act of pledging company’s assets Viz. Bills Receivables, short-term inventories or investments to borrow loan or cash. This type of financing is used when the company is seeking the  short-term borrowing  such as working capital and often the cash is borrowed against the bills receivables. As per RBI , any non-banking company can act as an asset finance company, subject to, the income arising from the aggregate of physical assets supporting the economic activity is  not less than 60%  of its total assets and total income respectively. Once the companies satisfy this condition can visit the regional office in t...

  Union Budget 2024-2025   The Finance and Corporate Affairs Minister Smt Nirmala Sitharaman, while presenting the Interim Union Budget for 2024-2025 in Parliament announced that the capital expenditure outlay for the next year is being increased by 11.1 per cent to Rs 11,11,111 crore, which would be 3.4 per cent of the GDP.   The finance minister stated that strong growth in economic activity has imparted buoyancy to revenue collections and pointed out that GST collection stood at ₹1.65 lakh crore in December 2023.This is the seventh-time that gross GST revenues have crossed ₹1.6 lakh crore benchmark.   She informed that PM Mudra Yojana has sanctioned 43 crore loans aggregating to Rs 22.5 lakh crore for entrepreneurial aspirations. It may be mentioned that thirty crore Mudra Yojana loans have been given to women entrepreneurs.   Pradhan Mantri Kisan Sampada Yojana has benefitted 38 lakh farmers and generated 10 lakh employment. Pradhan Mantri Formalisation of M...

  Aadhaar Enabled Payment System (AEPS)   Aadhaar Enabled Payment System is another payment management presented by the National Payments Corporation of India to banks and money related foundations utilizing 'Aadhaar'. Aadhaar is a special distinguishing proof number gave by Unique Identification Authority of India (UIDAI). This administration can be profited at Customer Access Points (CSPs) oversaw by Business Correspondents (BCs) utilizing Point of Sale (POS) gadgets. AEPS benefits across India through its delegated BCs who use Micro ATM, PoS machines.   An AEPS is a bank determined model which licenses online interoperable cash related thought trade at PoS (Micro ATM) through the Business correspondent of any bank using the Aadhaar validation. AEPS licenses you to finish six sorts of trades. This organization draws in a bank customer to use Aadhaar as his/her character to get to his/her individual Aadhaar engaged money related adjust and perform crucial intrabank...

  WORKING CAPITAL Working capital can be understood as the capital needed by the firm to finance current assets. It represents the funds available to the enterprise to finance regular operations, i.e. day to day business activities, effectively. It is helpful in gauging the operating liquidity of the company, i.e. how efficiently the company is able to cover the short-term debt with short-term assets. It can be calculated as: Working Capital = Current Assets – Current Liabilities Current Assets represent those assets which can be easily transformed into cash within one year. On the other hand, current liabilities refer to those obligations which are to be paid within an accounting year. Types of Working Capital   1.       On the basis of Value ·          Gross Working Capital : It denotes the company’s overall investment in the current assets. ·          N...

Motivation   Motivation is a driving force which affects the choice of alternatives in the behaviour of a person. It improves, stimulates and induces employees leading to goal-oriented behaviour. For example, promotion is a motivating factor as employees work to achieve preset targets for getting a promotion. Motivation can be monetary, e.g., rewards given in the form of a car or a hike in the salary or it can be non-monetary in the form of public appreciation.   Theories of Motivation    There are two types of theories in motivation: ·          Content Theory ·          Process Theory A. Content theories of motivation 1.       Maslow’s hierarchy of needs : Physiological need: It is the basic form of need which includes food, shelter and clothing. E.g., getting a job for survival in the context of an  organisation . Safety need: With physiological needs b...