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What Is The FEMA Regulation In India?
Posted on Monday, December 16th, 2024 |
In the globalised era of today, managing foreign exchange is crucial for any economy. India has a burgeoning economy and increasing international transactions. Hence, the government has established FEMA. But, what is FEMA? It is a robust framework to regulate foreign exchange through the Foreign Exchange Management Act. This article delves into the nuances of…
Read moreWhat is ONDC – Open Network for Digital Commerce?
Posted on Monday, December 16th, 2024 |
The Open Network for Digital Commerce (ONDC) is an initiative by the Government of India to reshape the digital commerce landscape in the country. As e-commerce becomes the norm rather than the exception, the ONDC aims to help businesses of all sizes, especially those left behind, to be a part of the digital space. ONDC…
Read moreDigital Payment Options to Help Grow Your Business
Posted on Monday, December 16th, 2024 |
Digital payments have seen a considerable rise in India in the last few years. As per government data, there were 18,737 crore digital payment transactions in India in FY 2023-24. This is a steep rise from a volume of 2,071 crore transactions in FY 2017-18. As a business owner, you must capitalise on these trends…
Read moreWhat is RERA? Understanding Current Accounts and Their Role in RERA Compliance
Posted on Monday, December 16th, 2024 |
The Indian real estate sector has seen a transformative shift since RERA’s implementation. But, what is RERA? The Real Estate (Regulation and Development) Act, 2016 is commonly referred to as RERA. This significant legislation was introduced to inject transparency, accountability, and efficiency into the real estate market. It is crucial for developers, buyers, and investors…
Read moreCurrent Accounts in the Fintech Revolution: How Technology is Transforming the Banking Experience
Posted on Monday, December 16th, 2024 |
India has been experiencing a fintech (financial technology) revolution for the last few years. Amongst other things, this revolution has made banking more accessible, secure, and convenient. While this is indeed beneficial for individuals, businesses with current accounts also stand to gain a lot by optimising fintech features. Current accounts were once known for long…
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