Com-Exultant : Finance and Research

  GOODS AND SERVICE TAX   During the year  2000 a honourable person of our country started a initiative of combining all the taxes together to avoid the conflict of paying various taxes together for a product . This initiative was later implemented by another person after long 17years of discussion . The route lead  by Atal Bihari Vajpayee   was later followed by Narendra Modi which lead to the implementation of “GST” during the year 2017 on 1 st of July. The idea of GST was been followed various government officials during these years. Mr.P.Chidambaram was the financial minister during the initial stage of the discussion of GST being pitched at the parliament . Later Pranab Mukherjee the new finance minister of India, announced the basic skeleton of the GST system and then in December 2014 again the new finance minister of India Arun Jaitley  submitted the “GST” bill in the parliament and he also mentioned about the implementation of GST from 1 st April...

  Organizational Conflict   Organizational Conflict or otherwise known as workplace conflict, is described as the state of disagreement or misunderstanding, resulting from the actual or perceived dissent of needs, beliefs, resources and relationship between the members of the organization. At the workplace, whenever, two or more persons interact, conflict occurs when opinions with respect to any task or decision are in contradiction.   In simple terms, organizational conflict alludes to the result of human interaction, that starts when one member of the organization discerns that his/her goals, values or attitude are incompatible, with those of other members of the organization. The incompatibility in opinions can come into being, within a member, between two members, or between groups of the organization.   Factors Influencing Organizational Conflict 1.       Unclear Responsibility : If there is lack of clarity, regarding who i...

  Non-Banking Financial Companies The  Non-Banking Financial Companies (NBFCs) are the financial institutions that offer the banking services, but does not comply with the legal definition of a bank, i.e. it does not hold a bank license. The non-banking financial companies are registered under the Companies Act, 1956 and deals in the business of loans and advances, investments in bonds/shares/debentures/stock and other marketable securities Viz. Lease, hire-purchase, insurance business, but do not include any institution which is principally engaged in the business of agricultural activity, purchase of any goods and services (other than securities), industrial activity and sale/purchase/construction of immovable property. Types of non-banking financial companies 1.       Mutual Benefit Finance Company 2.       Investment Company 3.       Equipment Leasing Company 4.   ...

  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...