Blog | Page 7 of 20 | GreenVissage

02 Feb 23

Greenvissage explains – February 2023 edition

Greenvissage explains, Is a critical illness plan a better option than independent health insurance? Life insurance policies offer a variety of riders or simply add-ons which can be helpful if understood properly. However, most insurance agents focus on selling the policy rather than explaining the same. Hence, people are often…

24 Jan 23

Greenvissage explains – January 2023 edition

Greenvissage explains, What are sum assured and sum insured in an insurance policy? Life insurance policies make a big difference in one’s long-term financial planning. The insurance policy is a contract between the policyholder and the insurance company which guarantees a certain amount to the insured person’s family, in the…

24 Jan 23

Jack Ma, Ant Group and the Chinese Government saga, explained

Introduction Jack Ma, the Chinese business magnate, a teacher turned billionaire, and the founder of the Alibaba Group, has finally waved the white flag in his struggles with the Chinese Government. The Ant Group in its latest statement has announced that Jack Ma would no longer be the control person…

12 Jan 23

GST Margin Scheme – Simplifying the sale of second-hand goods

Introduction The business of second-hand goods has grown exponentially over the past few decades. This is the result of the participation of large organised corporates, as against the traditional times when the industry usually consisted of unorganised dealers. Goods such as used cars, vehicles, mobile phones, televisions, laptops, watch, handbags,…

30 Dec 22

GST Annual Returns and the preparation for Departmental Audits

Background It’s been more than five years since the implementation of the new Goods and Services Tax (GST) law in July 2017. The new regime of indirect taxes brought a paradigm shift in the way businesses conduct their operations across India. However, the journey has been full of uncertainties and…

25 Dec 22

Greenvissage explains – December 2022 edition

Greenvissage explains, Why are exporters opting for paying IGST instead of claiming GST refunds? A merchant exporter is a trader who procures goods from the domestic market and exports overseas with the motive of earning profits. For such traders, the inward supplies or purchases carry a GST levy which can…

15 Dec 22

Tech layoffs – Why are tech companies laying off employees?

Background Amazon, Airbnb, Blinkit, BlueStacks, BYJU’S, Cars24, Cineplex, CityMall, Clear, Coinbase, Conde Nast, DiDi, Ford, Furlenco, HP, Klarna, Lido Learning, Meesho, Meta, MFine, Microsoft, Netflix, Noom, OkCredit, Peloton, Primark, Robinhood, Royal Mail, Rupeek, Spotify, Shopify, Tesco, Tesla, TikTok, Trell, Twitter, Uber, Udaan, Unacademy, Vedantu, Walmart, Zomato, Zillow – This is…

30 Nov 22

Liberalised Remittance Scheme (LRS) – Rules for foreign remittances

Liberalised Remittance Scheme (LRS) The administration of foreign exchange transactions in India is guided by the Foreign Exchange Management Act, of 1999 (FEMA). Under the FEMA law, all transactions involving foreign exchange are classified either as capital account transactions, or current account transactions. Transactions by residents which do not alter…

Rupee depreciation vs Dollar appreciating

15 Nov 22

USD/INR – Is the Rupee depreciating or the Dollar appreciating?

How is the value of currency derived? Currencies are traded in Foreign Exchange Markets, a global decentralized market for currencies. Simply put, one currency is traded against another currency at a particular rate. This rate at which currencies are traded is known as Currency Exchange Rate. The exchange rate does…

30 Oct 22

SME Exchanges in India – Funding for small business enterprises

What is SME exchange? ‘SME Exchanges’ are trading platforms of recognised stock exchanges that have nationwide trading terminals permitted by the Securities Exchange Board of India (SEBI) to list specified securities following Chapter IX of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. It does not include the main…