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Lesson Posted on 23 Jan Tuition/BTech Tuition/(Dc- Ac) Direct Current-Alternatiing Current System Interaction Tuition/MBA Tuition Tuition/BBA Tuition

Economics: A Multi Tasking Tool Set In Any Form Of Business With Profit Or Cba Score

Velmurugan K S

I am a associate professor in economics & director of a pg center( autonomous). I have rich teaching...

Economics is age-old subject started in Greek or Roman era 15th or 16-century b.c. It was defined initially as money or money making as early mercantilist said or beneficial gold or silver as latter mercantilists opined, or even as trade surplus as exports in late years Economics became the Study of... read more

Economics is age-old subject started in Greek or Roman era 15th or 16-century b.c. It was defined initially as money or money making as early mercantilist said or beneficial gold or silver as latter mercantilists opined, or even as trade surplus as exports in late years

Economics became the Study of State or Statism under the physiocrats regime late 17th-century or early 18th-century government producing all good & services to humans was leading economics thought.

In 1776 though Adam Smith was the first father of Economics who defined it as  "Science of Wealth ". Then came in the 19th century two brilliant economist who defined it as a study of human welfare in the ordinary business of life. It is one side pursuit of material welfare. On the other side, it is a study of acquirement of material requisites of well being (called nonmaterial welfare).

 With the turn of the late 19th century, we have the most scientific explanation " Economics is a study of human being, as a choice between ends & scarce means which have alternative uses (choice making or scarcity)."

With the advent of modern era 1990s & year 2000, further Economics became further crystalized into newer forms like "Economics as choice making or alternative cost like Revenue - Costs Direct & indirect ones + imputed costs, which will be real net revenues spread across time as well as intertemporally. Across different projects, different strategies (politics, management, business, and government, etc.).

This is where economics became a dynamic area of profit making & policy-making across material and nonmaterial pursuits in a modern age economies. It is here it became a basic tool in deciding different courses action or losses, across different consumers, producers, distributors, and marketing too. Quite naturally top business schools & academic across the globe recognize this toolbox discipline and their newer courses recognize as a basic paper in different general courses like M.A, M.B.A, as well as in technical course like B.Tech or in Cost Accountancy /pure business models. Thus the Key point is Economics, becoming quantitative is more application-oriented subject, among the Liberal Arts & Humanities.

In other words, Economics appears to be simplistic two variable but in reality, it encompasses multi as well as multiple variables in dynamic & in futuristic projections of physical and meta psychical ones in real life settings. In this sense " Economics is what we do & also what we don't do. "

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Lesson Posted on 24 Jan Tuition/MBA Tuition Exam Coaching/UGC NET Exam Coaching

Is Economics Only Dy/Dx Or A Difference Equation Or Something More That Require In Depth Anaysis?

Velmurugan K S

I am a associate professor in economics & director of a pg center( autonomous). I have rich teaching...

Basic Econmics Thinking: II Economics underwent dramatic changes in 1920's & 1930's. Economics became more analytical & quantitative with the advent of Micro & Macroeconomics, with well developed theoretical constructs. Be it perfect competition or isoquants analysis or production functions... read more

Basic Econmics Thinking: II

Economics underwent dramatic changes in 1920's & 1930's. Economics became more analytical & quantitative with the advent of Micro & Macroeconomics, with well developed theoretical constructs. Be it perfect competition or isoquants analysis or production functions from simple two variables to multiple variables involving the introduction of day/dx, dy2/dx2, partial variables of 1st order to 4th order and so on. With multi-variables linear as in linear programming, non linear programming, simplex method, to multivariate analyses, advanced techniques like CPM or queuing theory as well as sociometric techniques like sensitivity to simulation techniques, applied to human individual or group behaviour, which is interpersonal as well as intrapersonal behaviour, which requires individual dovetailed standard techniques collection of data, repeat observation, and deep reflection after participant observation approach .In Economics, there is no blind rule of thumb approach or established theory. Each observed unit in Applied Economics needs strong datum support to revise or support a new idea or theory. Economics variables are behavioral & therefore the challenge for any serious economic practitioner, be it a firm, industry or even a government of a country.

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Lesson Posted on 20/11/2017 Tuition/BBA Tuition Tuition/MBA Tuition Tuition/BCom Tuition

GST (Goods and Service Tax): An Introduction

Bhagwati Charan

I am a fellow member of institute of company secretary of India. A corporate consultant. Teaching is...

Understanding Basics of GST(Goods and Service Tax): Single Tax rate for a product or service in any part of country. The following 17 different indirect taxes will be subsumed under GST: Central Tax. State Tax. Central Excise Duty. State VAT / CST. Duties of Excise... read more

Understanding Basics of GST(Goods and Service Tax):

 

Single Tax rate for a product or service in any part of country. The following 17 different indirect taxes will be subsumed under GST:

Central Tax.

State Tax.

Central Excise Duty.

State VAT / CST.

Duties of Excise (Medicinal and Toilet Preparation).

Purchase Tax.

Additional Duties of Excise
(Goods of Special Importance).

Luxury Tax.

Additional Duties of Excise
(Textile and Textiles products).

Entry Tax.

Additional Duties of Custom.

Entertainment Tax
(Except those levied by the local bodies).

Commonly known as VD.

Taxes on Advertisement.

Special additional Duty of Custom (SAD).

Taxes on lotteries, betting and gambling.

Service Tax.

State chess and surcharges in so far as the
as they relate to supply of goods or services.

Cass and surcharge in so far as the relate to supply of goods or services.

 

 

  • Better compliance of trade and industry sector.
  • Seamless flow of credit across the value chain.
  • Removal of cascading effect.
  • Dual GST (Central GST & State GST) and Integrated GST (IGST).
  • Taxable event: Supply.
  • Tax rate 0%, 5%,12%, 18% and 28%.
  • Threshold exemption Limit: Rs. 20 Lakhs & Rs 10 Lakhs (for special category states & North Eastern States).
  • Composition scheme threshold Rs. 75/50 Lakhs.
  • Pan Based Registration.
  • Tax can be deposited by Internet Banking NEFT/RTGS, debit Card, Credit Card & Over the Counter (OTC).
  • Goods & Service tax network (GSTN) the technology backbone of GST. It provides Information Technology infrastructure and services to Central Government and State Government, Tax payers and other state holders for implementation of GST.
  • GST suvidha provider (GSP) is and online complain platform which will enable the tax payer to comply with the provision of GST Law through its web.
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Lesson Posted on 26/10/2017 Tuition/MBA Tuition Tuition/BBA Tuition

Problem Solving

Vijaya Kumar Jayanthi

I am M.Sc and M.B.A and having more than 10 years of experience in handling CBSE, ICSE as well as state...

Problem solving can be defined as the process of identifying a difference between the actual and the desired state of affairs and then taking action to resolve this difference. For problems important enough to justify the time and effort of careful analysis, the problem-solving process involves the following... read more

Problem solving can be defined as the process of identifying a difference between the actual and the desired state of affairs and then taking action to resolve this difference. For problems important enough to justify the time and effort of careful analysis, the problem-solving process involves the following seven steps:

1. Identify and define the problem.

2. Determine the set of alternative solutions.

3. Determine the criterion or criteria that will be used to evaluate the alternatives.

4. Evaluate the alternatives.

5. Choose an alternative.

6. Implement the selected alternative.

7. Evaluate the results to determine whether a satisfactory solution has been obtained.

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Lesson Posted on 23/08/2017 Exam Coaching/CA Coaching Exam Coaching/ICWA Coaching Exam Coaching/Company Secratary (CS) Coaching +4 Tuition/MBA Tuition Tuition/BCom Tuition Exam Coaching/CA Coaching/CPT Tuition/BBA Tuition less

With effective from 1st April, 2017, no person shall receive an amount ofRs 2 Lakh or more; (A) in aggregate...

Ca Prashanth Reddy

I enjoy teaching and interacting with students. Teaching is my passion, profession and hobby. Every student...

With effective from 1st April, 2017, no person shall receive an amount ofRs 2 Lakh or more; (A) in aggregate from a person in a day (or)(B) in respect of a single transaction (or)(C) in respect of transactions relating to one event or occasion from a person. A.Single Person: Cash Receipt of Rs 2 lakh... read more

With effective from 1st April, 2017, no person shall receive an amount ofRs 2 Lakh or more; (A) in aggregate from a person in a day (or)(B) in respect of a single transaction (or)(C) in respect of transactions relating to one event or occasion from a person.

A.Single Person: Cash Receipt of Rs 2 lakh or more, from asingle person in a day is not allowed even if the amount has been paid through multiple transactions during the day which are below Rs 2 lakh. For example: Mr Viratbuys a gold chain worth Rs 2 Lakh and pays the amount by cash to Mr Sonesh on a single day in 4 equal installments of Rs 50,000 each. As Mr Sonesh accepted cash worth Rs 2 Lakh from a single person and in a single day, section 269ST is applicable in this case. Sonesh has to pay a penalty of Rs 2 Lakh.

B. Single Transaction:
Cash receipts of Rs 2 Lakh or more which are related to a single transaction are prohibited.For example: Mr Kejriwal goes through a medical surgery and the hospital charges him a bill of Rs 4 Lakh. Kejriwal clears the bill in 4 installments of Rs 1 Lakh each on four different dates. Here, the cashreceipts got by hospital are less than Rs 2 Lakh and have been received on different dates. Whether this transaction violates section 269ST? – Yes. Hospital has to pay the penalty. Because, they received the payments with respect to single bill / transaction. So, splitting of payments over several days is prohibited.

C. Single Event / Occasion:
Cash transactions or cash receipts related to a single event or occasion, can not be more than Rs 2 Lakh. For example: Nagachaitanya gets married to Samantha. On their wedding occasion, their relatives gifted Cash amount worth Rs 10 Lakh on different dates. Even if we assume that each person has gifted cash worth less than Rs 2 Lakh, are these receipts come under the purview of Section 269ST? Is penalty applicable? Yes, penalty can be levied. Here, marriage is a ‘single occasion’ and cash gifts worth Rs 2 Lakh or morecan not be received from relatives and other persons.

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Answered on 16/09/2017 Tuition/MBA Tuition

Surbhi Porwal

Tutor

Yes there are online videos available for the MBA entrance exam lreparation but it is better to go through the books and model papers available for the better understanding.
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Lesson Posted on 19/08/2017 Exam Coaching/CA Coaching Exam Coaching/CA Coaching/IPCC Group 1 Exam Coaching/CA Coaching/IPCC Group 2 +12 Exam Coaching/ICWA Coaching Exam Coaching/Company Secratary (CS) Coaching Exam Coaching/CA Coaching/CPT Tuition/BCom Tuition/Business Taxation Tuition/BCom Tuition/Corporate Tax Planning Tuition/BCom Tuition/Income Tax Laws Tuition/BCom Tuition/Indirect Tax Laws Tuition/BCom Tuition/Personal Tax Planning Tuition/BBA Tuition Exam Coaching/ACCA Exam Coaching Tuition/MBA Tuition Exam Coaching/MCA Coaching less

Restriction On Acceptance Of Cash Deposit From FY 2017-18

Ca Prashanth Reddy

I enjoy teaching and interacting with students. Teaching is my passion, profession and hobby. Every student...

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Lesson Posted on 16/08/2017 Tuition/MBA Tuition Exam Coaching/MBA Entrance Coaching

Different Methods Of Pricing: Economics Analysis For Business

Nirmal Kumar R

I am a Asst professor (MBA,. BE.,).. I will handle Classes for Quantitative Aptitude, Reasoning, MBA,...

1. What is psychological pricing? Ans. This method cannot be considered a true pricing method but it is rather a price tagging method where the price of the product is fixed in a manner it given an impression that the price is low. 2.What is premium pricing policy? Ans. Here the price of the product... read more

1. What is psychological pricing?

Ans. This method cannot be considered a true pricing method but it is rather a price tagging method where the price of the product is fixed in a manner it given an impression that the price is low.
 
2.What is premium pricing policy?

Ans. Here the price of the product is high, higher than the industry price. This idea is to enhance the image of the product as a high quality product.
 
3. What is penetration pricing?

Ans. This is opposite to skimming pricing. Here the seller quotes a price which is very low so as to stimulate demand for the product of the firm and capture a large share of market.
 
4. What is price out pricing?

Ans. This strategy adopts a very competitive pricing where the aim is to eliminate all the weak competitors. The price of the product is fixed such that the weak competitors cannot price their products at or below this price.

5. What is marginal cost pricing?

Ans.The pricing was based on the total cost comprising of the fixed cost and the variable cost. But here the fixed costs are ignored and the prices are determined based on the marginal cost. The firm uses only those costs that are directly attributable to the output of a specific product.
 
6. What is cyclical pricing?

Ans. The pricing strategy which is done to capitalize on the cycles of the seasons in nature and the cycle in the economy are known as cyclical pricing. While seasonal factors operate on the short term the economic cycle operates on the long run.
 
7. What is Imitative pricing?

Ans. This is often used in retail business. In many business situations it is considered useful to imitate the price set by other firms. This approach makes demand quite easy, as the decision makes does not have to do the demand and cost analysis.
 
8. What is turnover pricing?

Ans. Turnover is the word which denotes the sales of the product. The higher the turnover is higher the sales. It is generally useful to maintain a lower markup on high turnover products because these items are purchased frequently by the customers and any increase in the price will make them to shift to the competition. E.g. FMCG Goods
 
9. What is dual pricing?

Ans. Usually the firms will produce essential commodities have part of their product under administered pricing and part of the product is sold in the free market. These products are said to have dual pricing.
 

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Lesson Posted on 31/07/2017 Tuition/BCom Tuition/Business Laws Tuition/BCom Tuition/Company Law Tuition/BBA Tuition +2 Exam Coaching/MBA Entrance Coaching Tuition/MBA Tuition less

Section 3 Of Companies Act, 2013: Formation Of A Company

Kousiki C.

Teaching is my hobby and not my profession. I have around 16 years teaching experience. I started my...

1. A company may be formed for any lawful purpose by: Seven or more persons, where the company to be formed is to be a public company; Two or more persons, where the company to be formed is to be a private company; or One person, where the company to be formed is to be One Person Company... read more

1. A company may be formed for any lawful purpose by:

  • Seven or more persons, where the company to be formed is to be a public company;

  • Two or more persons, where the company to be formed is to be a private company; or

  • One person, where the company to be formed is to be One Person Company that is to say, a private company, by subscribing their names or his name to a memorandum and complying with the requirements of this Act in respect of registration:

Provided that the memorandum of One Person Company shall indicate the name of the other person, with his prior written consent in the prescribed form, who shall, in the event of the subscriber’s death or his incapacity to contract become the member of the company and the written consent of such person shall also be filed with the Registrar at the time of incorporation of the One Person Company along with its memorandum and articles:

Provided further that such other person may withdraw his consent in such manner as may be prescribed:

Provided also that the member of One Person Company may at any time change the name of such other person by giving notice in such manner as may be prescribed:

Provided also that it shall be the duty of the member of One Person Company to inform the company the change, if any, in the name of the other person nominated by him by indicating in the memorandum or otherwise within such time and in such manner as may be prescribed, and the company shall inform the Registrar any such change within such time and in such manner as may be prescribed:

Provided also that any such change in the name of the person shall not be deemed to be an alteration of the memorandum.

2. A company formed under sub-section (1) may be either:

  • A company limited by shares; or

  • A company limited by guarantee; or

  • An unlimited company.

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