Kanakkupillai-KP

A CIBIL score is one of the most important factors considered by lenders while offering you both a credit card and a loan including a personal loan, home loan, automobile loan, LAP, etc. What is a CIBIL Score? A credit score is a 3-digit numeric summary of your repayment behavior and credit history that is calculated by credit bureaus to know your financial fitness and creditworthiness. These credit bureaus (mainly CIBIL, Experian, CRIF High Mark and Equifax) are authorized by RBI to collect data from partners to evaluate your credit score. The range of credit score varies from 300 to 850 and a credit score of above 750 is considered healthy for lending. Why is it Important to have a Healthy CIBIL Score? A good CIBIL score can help you enjoy the following benefits: Get a loan from lenders quickly:  A good credit score allows you to easily get a credit card or loan from lenders. This happens because your healthy credit score makes the lenders believe that you have repaid the loans ...

  What is MGNREGA? The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is an employment guarantee act It was introduced in 2005 through the National Rural Employment Guarantee Act,2005. Objective: The National mahatma gandhi scheme aims to enhance livelihood security in rural areas by providing at least 100 days of guaranteed wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work. Implementation: Ministry of Rural Development (MRD),Government of India in association with state governments monitors the implementation of the scheme. Features of the act: Demand driven scheme:Worker to be hired when he demands and not when the Government wants it. Gram Panchayat is mandated to provide employment within 15 days of work application failing which worker is entitled to unemployment allowance Payment of wages within 15 days of competition of work failing which worker is entitled to delay compensation of 0.05%/ day o...

All taxpaying individuals and entities, Indians and non-resident Indians (NRIs), are allotted a unique identity number, known as the Permanent Account Number (PAN), by the Income Tax Department under the Income Tax Act, 1961. The PAN is a 10-digit alphanumeric number which is imprinted on a laminated plastic card known as the PAN Card. PAN card is an electronic system wherein all the tax related information of individuals & entities are recorded by the Income Tax Department, Govt. of India, under a single Permanent Account Number. No two taxpaying entities can have the same Permanent Account Number. A valid PAN Card serves as an important identity proof for any individual or entity which displays has all the vital details of the PAN holder. It is important to provide this identity proof when one is planning to engage in major financial transactions in India. Also, foreign passport holders and even minors can apply for a PAN card Types of PAN Card The Income Tax Department issues th...

  In a world where credit can help you meet your financial goals or cater to a cash crunch in an emergency, it is important to know that you have access to credit facilities when you need it the most. And this is particularly true for today’s Gen Z and millennials, who are much more open to embracing credit cards and loans than their parents were. These are the credit-seekers, the credit-over-cash game-changers, the advocates for access to credit at their fingertips. Key Advantages of a Positive Credit Profile In their pursuit for credit-conscious consumers, lenders are increasingly rewarding consumers with a positive credit profile and high CIBIL Score. Here’s how: Faster loan approvals : Your CIBIL Score is a reflection of your credit profile and past repayment behavior, and a good indicator of your credit-worthiness. The higher your CIBIL Score, the more credit-worthy you are — and this is exactly what lenders are looking for. It helps them make quicker credit decisions so that...

  WHAT IS AN eWAY BILL? An eWay bill is a receipt which transporters need to carry with them while transporting the material or goods at different places under the Goods and Service Tax Law. For goods amounting to Rs. 50,000 or more, the movement from one place to another in any type of conveyance or vehicle required an electronically generated bill for identification and approval for the movement by a GST registered entity or person. This bill can be generated through the website   or through the mobile app or SMS or API through site integration. A unique code called eWay bill number EBN is generated when any eWay bill is generated which is made available to all the parties in logistics, transporter, supplier, and recipient. WHEN IS AN eWAY BILL REQUIRED? An eWay bill will be issued in case of a movement of goods of value more than Rs. 50,000 which may either be of a whole convoy or a single commodity in a convoy from one place to another. This movement of goods can be becau...