International digital payment systems are gaining momentum in Saudi Arabia. Moves are underway in Saudi Arabia to transform the traditional and office-centric banking sector into a modern and easy one. The government is now adopting a stance of allowing more facilities like digital payment and e-commerce. There were many technical hurdles for foreigners to make money transactions with people in Saudi Arabia. With the new policy, money transactions can be done more quickly and freely. According to the Saudi government’s Vision 2030 plan, special consideration is being given to strengthen the digital payment system. More permission for banks The government…
Author: Steve J
What are the main challenges faced by small and medium enterprises in Kerala? Why does the MSME sector here lag behind that of other states despite the implementation of many business-friendly policies?Kerala is a land with many peculiarities. Because of their high education and literacy, people with great talent come here to work. But it goes without saying that their migration to other countries is a big problem that Kerala is facing today.Another fact that sets Kerala apart from other states in India is its unique consumer culture. Malayalis are familiar with the best quality products in the world, due…
SEBI is all set to introduce a new investment scheme between mutual funds and portfolio management services (PSS). SEBI has sought suggestions from experts for this. It is indicated that the new investment will be a hybrid of both investments.The minimum investment limit for this scheme is Rs 10 lakh. This allows investors to make high investments by taking high risks in a controlled manner.Currently, the minimum investment in mutual funds is Rs 500. At the same time it is 50 lakhs in PMS. The new scheme aims to make more gains for ordinary investors by investing in the meantime.…
Many leading companies in India are not getting qualified candidates According to the study, India’s technology sector will require more than 10 lakh professionals skilled in advanced technologies such as artificial intelligence in the next two to three years. The National Association of Software and Service Companies also called for increased educational facilities and training at the government level to produce qualified candidates. They also say that it is necessary to train half of the people currently working in the technology sector in areas such as cyber security, artificial intelligence and big data. 250 billion dollar business The tech sector…
After a while, it is indicated that the central government is again entering into the merger process of public sector banks. The agenda released by Parliament’s Legislative Committee yesterday has re-started the discussions on the merger.It is on the agenda that the members of the committee will soon meet with the representatives of the 4 banks to discuss the merger process under the Banking Regulation Act, 1949. Banks The agenda is that a meeting will be held with representatives of Union Bank of India and UCO Bank on January 2 and with representatives of Bank of Maharashtra and Bank of…
July is the last month for filing Income Tax Return (ITR) for individuals taxpayers. Taxpayers need to file ITR before July 31,2024 to avoid penalty. Taxpayers and chartered Accountants are busy filing income tax returns these days on e-filing portal Complaints are rife that the portal is facing operational issues during peak hours and the return filing process of taxpayers is being delayed as forms are taking too long to submit. Instructions to clear the cache Taxpayers are asking how to file ITR on defunct portal. Most of the time the portal is showing login error. When people contact the…
Introduction to Emerging Business Trends in 2024 The landscape of business is constantly evolving, and as we move into 2024, several factors are driving significant changes. Global economic trends, technological advancements, and societal shifts are converging to create a dynamic environment ripe with new opportunities for entrepreneurs. Understanding these emerging trends is crucial for anyone looking to start a new venture in the upcoming year. One of the primary drivers of change in the business world is the global economy. Post-pandemic recovery efforts have led to a resurgence in international trade and investment, fostering a more interconnected global marketplace. This…