Tax is a payment compulsorily collected from individuals or firms by government. A direct tax is levied on the income or profits of an individual or a company. The word 'direct' is used to denote the fact that the burden of tax falls on the individual or the company paying the tax and can not be passed on to anybody else. For example, income tax, corporate tax, wealth tax etc. An 'indirect' tax is...

A commercial bank is a type of financial intermediary and a type of bank. It is a financial intermediary because it mediates between the savers and borrowers. It does so by accepting deposits from the public and lending money to businesses and consumers.. It also buys corporate bonds and government bonds. Its primary liabilities are deposits and primary assets are loans and bonds. '"Commercial ba...

Inflation means a peristent rise in the price of goods and services. Inflation reduces the purchasing power of money. It hurts the poor more as a greater proportion of their incomes are needed to pay for their consumption. Inflation reduces savings; pushes up interest rates; dampens investment; leads to depreciation of currency thus making imports costlier. Depending upon the rate of growth of pr...

Public sector units in India are wholly or partly owned controlled by the government. In a public sector enterprise, the majority of equity shares is owned by the government directly or indirectly or indirectly through government institutions and the government has desision making control. Public sector enterprise normally has the following forms of organisational structure departmental undertak...

A stock exchange is an organization which provides a platform for trading shareseither physical or virtual. The origin of the stock market dales back to the year 1494, when the Amsterdam Stock Exchange was first set up. In a stock exchange, investors through stock brokers buy and sell shares in a wide range of listed companies: A given company may list in one or more exchanges by meeting and maint...