Kerala: Late fund transfer affects utilisation, says Finance Department

“Transfer of funds at the fag-end of the year causes rush of expenditure and lapse of fund due to non utilisation,” the source said. (Representational Image) Thiruvananthapuram: Transfer of funds at the fag-end of the fiscal, and short allotment of funds, are just two of the reasons the Finance Department has identified for the poor utilisation of funds by local bodies. ... Read More »

GST impacts state budget proposals

Hyderabad: The single tax regime- GST blues are haunting Telangana. The state government is grappling hard to prepare the budget proposals for the ensuing 2018-19 financial year, as the revenue collections under GST have gone down against the estimations ever since the new tax regime came into force on July 1, last year. On the other hand, the government is unsure ... Read More »

State finance panel comes into being

The State Government has constituted Telangana State Finance Commission and appointed G. Rajesham Goud, former chairperson of Karimnagar Zilla Parishad, as its Chairman. According to officials, Chief Minister K. Chandrasekhar Rao singed a file pertaining to the appointment on Friday. He also appointed M. Chenchaih, a retired Zilla Parishad chief executive officer as a member of the Commission. Mr. Goud ... Read More »

How Blockchain Technology Is Changing The World Of Digital Finance

Everyone knows somebody who refuses to transact in anything but cash. They don’t understand transacting without a physical medium; they enjoy the feeling of control and security that cash brings, as opposed to numbers changing on their phone screens. Anecdotal evidence of a variety of different scams utilising frailties in digital payment systems further encourages this belief. Fraudulent transactions cost ... Read More »

An Easy Guide to Getting a Bitcoin Wallet App and Getting Started with Cryptocurrency

If you are looking for some help to buy bitcoin, the place to start is to get a bitcoin wallet app. Of course, once you have the app, you may still have just as many questions, if not more. You may believe that bitcoin is only used by cybercriminals, for instance, when in reality it is used by huge corporations ... Read More »

Crytpocurrencies: Will Bitcoin’s meteoric rise change the way people invest?

Whenever I talked about investing in cryptocurrencies such as Bitcoin with friends, most of them would not take me seriously. Their immediate defence: “these are too risky”. Warren Buffett, the most successful investor of all time has the following words of wisdom on risk. “Risk comes from not knowing what you are doing.” Today, fixed deposits give you a return of 6-7 per cent/annum. ... Read More »

Does your investment suit your life goals?

You have to ask a lot of questions before committing to an investment. But the due diligence is often limited to looking at the risks and returns. To check the suitability of an investment, one needs to do more. Here are some factors you must consider during your investment process. Go beyond returns A 10% expected return may seem a ... Read More »

In finance, what is the greater fool theory?

This refers to a theory of asset pricing which states that the price of any financial asset is determined purely by what its buyers are willing to pay for it. In other words, the price of an asset has nothing to do with its underlying fundamental value but depends only on the emotions of buyers. The greater fool theory is ... Read More »

China online finance regulator tells unqualified micro-lenders to stop lending

BEIJING (Reuters) – The National Internet Finance Association of China issued a risk warning letter late on Friday telling “unqualified institutions” to immediately stop offering loans as Beijing steps up a crackdown on the micro-loan sector to fend off financial risks. The 1 trillion yuan ($151.5 billion) short-term, unsecured lending sector, known as “cash loan” in China, has been accused ... Read More »

Cabinet approves new finance panel

Fifteenth Finance Commission will have its task cut out following GST roll-out The Cabinet on Wednesday set the ball rolling for the constitution of the Fifteenth Finance Commission, which will decide the devolution formula for revenue-sharing between the Centre and States from the year 2020 till 2025. The Commission, whose members and terms of reference will be notified soon, will ... Read More »