Which is the highest currency in the world?

Which is the highest currency in the world?

The top economists of the world are in a state of shock seeing the growth of the developing economies of the world, especially India. While there are reasons for the development of a nation in terms of economic prosperity and GDP growth, a lot of people search for the highest currency in the world.

So, which currency holds this status? Read on to find out.

There are more than 150 nations in the world which have their own currencies. Some of these nations are growing rapidly economically. People think that economic growth is the only factor for the growing value of the currency of a nation. While this is true to some extent, there are actually many other factors which add up to make a currency strong or weak.

According to a recent report, the Kuwaiti Dinar is the highest currency in the world. There are many reasons for the growth of this currency. The major reason for this is mentioned below:

One of the major reasons for the growth of the Kuwait Dinar is that ruling authority in the country has made it a rule that whichever country wants to buy oil from them has to buy in Kuwaiti Dinar. This way their currency remains in their country and buyers buy their currency in huge amounts. This is one of the main reasons behind such a high value of the Kuwaiti Dinar.

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Most people think that the currency with the highest value is the US Dollar or the Euro. There is so less popularity of the most valued currency in the world that the general people have no idea about it. Ask any Tom, Dick or Harry about it and they will tell you that the US Dollar is undoubtedly the most valuable currency in the entire world. The reason for this kind of perception among the masses is because of the fact that the US Dollar has popularity all over the world, unlike any other currency. The US is a wealthy nation just confirms this theory in people’s minds.

This article has in a way busted a myth which has been believed to be true for so long. There is a lot that I could tell you about the Kuwaiti Dinar and the US Dollar. However, for the sake of keeping this article short, I have demonstrated the main point that serves as an answer to the question which is the topic of this article.

I really hope you found this post useful and informative. Do you have any queries or suggestions related to this post? If you have any, feel free to leave your thoughts and opinions in the comment section below. I will try and answer all your questions and take your feedback into consideration. Also, let me know if you want to find out more about the most valued currency in the world. I will be glad to share more insights with you.

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Top Instant Cash Loan Apps in India

Top Instant Cash Loan Apps in India

In this age of digital economy, there is a solution for most of our day to day problems. One of the biggest problems faced by millennials in India is the problem of financial shortage. There are times when you have to fulfil a certain need for yourself or the family and you do not have a clue where to arrange the money from. While there is the option of getting loans from banks, we all know how cumbersome the whole process can be. Moreover, it is not the most viable option for short term financial emergencies.

Since this is a big problem for the general Indian person, a lot of Fintech companies have come up with a solution to this in the form of instant cash loan in India. These companies have launched their services as apps so that people can easily get access to them and make use of the services.

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So, here are the top apps which provide instant cash loan in India.

1. EarlySalary

Founded by Akshay Mehrotra in 2015, this Pune-based company gives instant loans to borrowers. The borrowers then get the option to return the money through EMIs that range from 7 to 50 days.

2. CrediFiable

Founded by Presha Paragash in 2017, CrediFiable is a Bengaluru-based Fintech that offers personal loans ranging from 5000 rupees to 5 lakh rupees. You can then repay the loan through EMIs.

3. PaySense

Founded by Prashanth Ranganathan and Sayli Karanjkar in 2015, this Mumbai-based company offers instant loans that can be paid back through timely EMIs.

4. MoneyTap

Founded by Anuj Kacker, Bala Parthasarathy, and Kunal Varma in 2015, this Bengaluru-based company gives instant loans up to 5 lakh rupees. The repayment of the loan can be done through easy EMIs over a period of 2 to 36 months.

5. CASHe

Founded by V. Raman Kumar in 2016, this Mumbai-based Fintech company has a unique concept. It uses something called Social Loan Quotient and curates credit profiles of salaried employees using social media platforms that help them in instant loan disbursement.

6. InstaPaisa

Founded by Rohit Agarwal and Nikhil Sarma, this Delhi-based company does the job of connecting borrowers with lenders that results in instant loan transactions.

7. Flex Salary

Founded by Anil Pinapala and Srinath Kompella, this Hyderabad-based company offers one of the top instant loan apps in India. It lets you borrow loan amount of up to 2 lakh rupees.

These were the top apps that offer instant loan in India. While there are a lot of other apps and services that provide personal loans, these were the one that made it to our list.

Hope you found this post helpful and informative. If you have any questions or suggestions related to this post, please let us know about it in the comment section below. Also, if you want to know more about cash loan apps, feel free to reach out to us. We would be glad to help you.

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Top 6 Business Ideas For Indians

Top 6 Business Ideas For Indians

One of the best things about the human species is that we are full of ideas. Ideas make the world a better place to live. It is the core of a successful business. Everyday a lot of people start new businesses and fail miserably. While there are many factors for the failure of a business, lack of the right business idea is a factor that accounts most for the failure of any kind of business.

Even before starting a business most people fear about the end result. This is what makes them fail. When you have the right business idea and you are sure about doing it, there is nothing that can stop you from being successful in your business. Here are 10 successful business ideas that you can think about trying out.

1. Recruitment Agency

One of the biggest problems in India is unemployment. The growing rate of unemployment makes it a good opportunity for starting a recruitment agency.

There is not much investment that goes into starting a recruitment agency. Companies are ready to pay a good amount of money for getting the right candidate for their firm. This is a really good opportunity for business in India.

2. Restaurants

This is one of the most successful business ideas today. If you are someone who is passionate about food and like to serve others healthy and tasty food, this is the business for you.

A lot of people do not have the time to prepare meals at home and prefer eating in restaurants. This is the reason why a lot of restaurant businesses are doing so well.

3. Retail Garment Store

There is a reason why retail garment stores are very common – they are profitable. The profit margin from this kind of business is really high. There are many options for opening retail garment stores in India. Becoming a franchise for a popular garment brand is a good approach for getting success in this business.

Patanjali Paridhan franchise is a great opportunity for starting a profitable garment business in India. You can now apply for Patanjali Paridhan franchise and open a store right in your city/town.

4. Travel Planner

This is a great business idea if you have the right geographical knowledge. You will need a lot of contacts and might have to tie up with major online portals for making your travel planner business a success.

Considering the fast growth of the travel industry in India, this could be one of the most profitable businesses in India.

5. Wedding Planner

Weddings in India are a matter of huge expenses. People are ready to spend a lot of money to make a wedding event successful. Wedding planning is the right business for you if you have creative skills and management ability.

6. Coaching Classes

For a country obsessed with education, coaching classes are a really good opportunity. The level of education in India has got really high and parents want their children to be at the top. This is the reason parents prefer sending their children to coaching classes.

Hope you found this post helpful. Let us know your thoughts in the comment section below.

What Is Financial Management

What Is Financial Management

This article covers in detail the concept of financial management. Finance is the soul of any business. It is not possible to operate any form of business without finance. The concept of financial management is very wide. The main goal of financial management is to maximize the corporate value while reducing risks in the business operation. Read on to understand the concept of financial management in detail.

The concept of Financial Management:

The concept of financial management covers segments like planning, organizing, controlling and directing all kinds of investment decisions in order to help businesses attain their goals. To help achieve these goals various tools are used. Most of these tools are for statistical and economic calculations. In other words, financial management is a method of making the best use of financial resources for the better of the organization.

Financial management is implemented across various sectors of government and non-government organizations today. This indicates the importance of financial management in today’s world. Financial management involves taking three important decisions. These are as follows:

  1. Investment decisions:

Investment decisions are the decisions which are taken with regards to investments in current assets and fixed assets. Decisions regarding efficient allocation and use of capital are considered as crucial investment decisions. Basically, Investment decisions can be categorised into two broad categories:

  • Investment in own business
  • Investment in outside business

Read more about it here.

  1. Financial decisions:

It is concerned with the borrowing and allocation of funds for Investment Decisions. There are two sources involved in financial decision using which funds can be raised – using the company’s money in the form of share capital or borrowing funds in the form of loans, debentures, etc.

  1. Dividend decision:

The dividend decision is a crucial decision that a financial manager has to take. The financial manager has to take decisions such as:

  • Should the profits made be put back into the business to finance investment decisions?
  • Should any dividend be paid? If yes, how much dividend should be paid?
  • In what forms should the dividends be paid?

These are the three important decisions that have to be taken by the financial manager. A proper risk analysis has to be done by the financial manager while performing these three functions. Steps have to be taken to understand the debt-equity leverage, currency and interest rates and other minor details in order to reduce risk. A financial manager has to always stay ahead of the curve when it comes to implementing the best practices for the interest of the company. Check this website to know about the least valued currencies in the world and get updates from the world of finance.

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7 Passive Income Ideas (That Work)

7 Passive Income Ideas (That Work)

Everybody wants to get rich, but very few know the tricks for generating consistent wealth and making it grow. In this article, we are going to talk about some of the most profitable passive income ideas you can start implementing and generating a regular income. These are simple yet effective steps that can make you more money than you can think of. So, here are 7 actionable passive income ideas that you can start working on.

  1. Build apps

One of the best sources of passive income is to build apps for Android and iOS devices. With the increase in mobile phone purchase and the ever-increasing reach of the internet, mobile phone apps are one of the best ways to generate regular passive income.

  1. Build websites and blogs

Websites and blogs can be great sources of passive income. When you have a good amount of traffic coming to your website on a consistent basis, you can make a good living out of it.

  1. Invest in stocks, bonds and mutual funds

You can use your ideal money as a tool for wealth generation through investments. There are various ways to put your ideal money to use. You can invest your money in mutual funds. You can buy stocks or bonds. There are a lot of ways to put your ideal money to use and earn more money from it.

  1. Trade in cryptocoins

This is one of the most recently known ways of generating passive income. It has been hardly a decade since the introduction of the first cryptocurrency and since then these have become a great way to generate passive income. You can buy and sell cryptocurrency on crypto trading platforms and make huge profits from it. A good place to look for information about the recent updates from the world of cryptocurrency would be coinscalendar.net.

  1. Sell online courses

People on the internet look for courses. You can create guides and course books about anything that you are skilled in. You can earn a good deal of money by selling online courses to people who are looking for that specific course you are offering them. This is an effective way of generating more passive income.

  1. Affiliate Marketing

Affiliate Marketing is one of the most popular means of passive income today. It is about promoting products and earning commissions on the sale of products. All you need to start affiliate marketing is a blog or a website. You can describe the product to your audience and earn affiliate commissions when they purchase those products through your link.

  1. Sell goods on eBay or Amazon

Become registered sellers on eBay or Amazon and start listing your products. You can make a decent amount of money by selling through these websites as they have a wide reach.

These were some of the best passive income ideas that you can start working on and start generating a decent amount of money. We hope you found this post helpful and informative. Let us know your thoughts and suggestions in the comment section below. Thank you very much for reading!

VAT Calculator UK

VAT Calculator UK

What is VAT?

VAT or Value Added Tax is a form of consumption tax which is placed on products or services. This kind of tax is added at all the stages of the supply chain right from the production/origin of the product or service to the final point of sale. The Value Added Tax that the final user of the product has to pay is calculated on the product excluding any of the costs of materials which are already taxed in the earlier stages of the supply chain.

When was the Value Added Tax introduced in the United Kingdom?

The history of Value Added Tax in the United Kingdom goes back to the 70s decade. Value Added Tax was introduced for the first time in the United Kingdom on 1 April 1973. It was implemented as a means of replacing the previously active Purchase Tax and Selective Employment Tax. With the implementation of the Value Added Tax in the United Kingdom, the financial scenario of the United Kingdom changed for the better. The implementation of Value Added Tax in the United Kingdom is considered to be a major step for boosting the economy of the nation. The results of this can be seen in the economic uprise of the United Kingdom.

What are the conditions for charging Value Added Tax in the United Kingdom?

There are certain conditions which need to be fulfilled for you to start charging Value Added Tax in the United Kingdom. Value Added Tax in the UK is charged on goods and services which are provided by a VAT-registered business. Value Added Tax is also applicable to goods and services which are imported from countries within or outside the European Union.

Which items and services is the Value Added Tax imposed on in the United Kingdom?

Not all items and services in the United Kingdom are applicable for Value Added Tax. The goods and services on which Value Added Tax is charged in the United Kingdom are as follows:

  • Sale of goods and services
  • Sale of items to staff/team
  • Sale of business assets
  • Commission
  • Hiring goods to others
  • Business goods used for personal reasons

How VAT calculator UK helps you calculate Value Added Tax in the United Kingdom?

VAT calculator UK allows you to calculate the amount of Value Added Tax on goods and services in the United Kingdom. This is very useful for businesses operating in the United Kingdom. Using this calculator, you can easily know the Value Added Tax charged on a net amount or the Value Added Tax contained within a total amount on a product/service.

Conclusion

We hope you found this post useful and informative. If you have any queries or suggestions related to this post and if you want to know more about this calculator please let us know in the comment section below.  We would be glad to help you out. To show your support, share this post with your friends on social media and elsewhere.

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College Guy Gets Rich With Investments In Top Performing Mutual Funds In India

College Guy Gets Rich With Investments In Top Performing Mutual Funds In India

Raghu Verma was a regular college goer just like any other boy of his age. While most of his friends spend their money on their habits, Raghu was diligent in his practice of saving. He didn’t like the idea of wasting his pocket money on unnecessary things. He had this habit of saving a quarter of his pocket money right from his school days. Later during his college days, he had taken up another habit, the one that had a big impact on his life. This habit we are talking about is the habit of investing. He started putting a part of his pocket money into mutual funds. However, this decision of investing in mutual funds was not made in a day or two. He took his time in understanding the concept of mutual funds and figuring out the various mutual fund schemes that could bring him the desirable returns.

Early Beginnings

Raghu started his journey with mutual funds with short-term investments. He spent a lot of time in research and acquired some valuable information about mutual funds and other investment options. Being a beginner in the investment industry, he decided to start low and slowly build up his mutual fund investments. Therefore, he went ahead with SIP investments for short term. Soon, he realized the power of investment and started making more investments. He was clever enough to figure out the top performing mutual funds in India. Hence, there wasn’t any problem in investment.

Growing Passion

Within two years, his investments brought him good returns and he became passionate about this new income source. He started spending his time in understanding the world of investment in a better way. He started reading about the most successful investors in the world. He became familiar with the power of compounding. Having known a little more about the investment world, he eventually started adding more investment schemes to his portfolio.

Career Option

By the time he was in the last year of his college, his net worth had grown immensely. He started looking at investment as a career option. His skills at picking investment options had become much better. He has plans to keep growing his investments regularly. He now looks forward towards a lucrative career as an investment analyst.

This was the mutual fund journey of Raghu Verma so far. This story comes with the lesson that the sooner you begin your investments in mutual funds, the better are your chances to get higher returns. There are so many more success stories about mutual fund investments. Read them here to get inspired and become a better investor.

We hope you found this post useful and informative. If you have any queries or suggestions related to this post and if you want to know about the top performing mutual funds in India, please drop your comments in the comment section below.  We would be glad to help you out. To show your support, share this post with your friends on social media and elsewhere.

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How To Calculate HST Without HST Calculator

How To Calculate HST Without HST Calculator

GST/HST calculation in Canada depends on the province where you are doing the business. There are provinces which have combined provincial taxes with the Goods and Services Tax. These provinces charge a Harmonized Sales Tax (HST) on goods and services. There are some provinces which have no provincial sales tax. These provinces charge a separate Provincial Sales Tax (PST).

Provinces which charge HST

The provinces which charge HST are Ontario, Prince Edward Island, New Brunswick, Nova Scotia and Newfoundland/Labrador. The HST rates for these provinces are:

Ontario – 13%

New Brunswick – 13%

Prince Edward Island -14%

Nova Scotia – 15%

Newfoundland & Labrador – 15%

Provinces which charge PST

If you have your business where PST is applicable, you have to charge both GST and PST. The GST on the price of the goods has to be applied before you apply PST.

These are the provinces were PST is applicable – Manitoba, Saskatchewan and British Columbia. The PST rates for these provinces are:

Saskatchewan – 6%

British Columbia – 7%

Manitoba – 8%

Quebec – 9.975%

Provinces which do not have PST

The provinces which do not have PST (Provincial Sales Tax) are the Northwest Territories, Alberta, Nunavut and Yukon. The GST in these provinces is calculated by adding 5% of the product’s sale price and adding it to the bill.

Are the exceptions from GST/HST?

In case your business garners annual revenue of $30,000 or less, you are considered to be a small business and are exempted from registering to collect and remit GST/HST. For provinces which charge PST you can qualify for the small supplier exception for the federal GST but in the provinces of Saskatchewan and Manitoba, you will still have to charge PST/RST.

There are some goods which are exempt or zero-rated. This means that you do not charge HST on the customer invoice.

Is GST/HST applicable on sale of goods and services to another province?

When you wish to sell goods or services to another province, you have to charge GST/HST based on the rate charged in the destination province.

Is GST/HST applicable on sale of goods and service out of Canada?

When you ship goods to another country, you do not have to charge GST/HST. However, there might be export/excise taxes involved in the transaction.

This is how you charge GST/HST on your goods and services in different provinces of Canada. We have seen that the tax rates differ based on the provinces. The use of HST calculator can help you do the calculation according to the province. Doing calculations on HST calculator is fast and accurate. However, it is important to learn about the tax rates applicable in different provinces so that you have the idea as to how much tax you need to collect from your customers.

We hope you found this post useful and informative. If you have any queries or suggestions related to this post, please drop your comments in the comment section below.  We would be glad to help you out. To show your support, share this post with your friends on social media and elsewhere.

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The Importance of having GST calculator In India

The Importance of having GST calculator In India

The implementation of GST in India was a revolutionary step towards making India economically powerful. The impact of GST can be seen today in the form of a unified Indian market and a progressing economy. While at the initial stage of GST implementation, businesses and people, in general, had doubts about the efficiency of the system, they have now realized that GST has the potential to be profitable for the country in the long run. They have shown tremendous support for this new taxation system. In spite of having troubles in understanding this new taxation system, they believed that it could make a difference in the economy of the country. While there are people who are still cynical about the system, it is mostly because they do not understand the system well. However, efforts are made to educate people about GST and its significance in their business and the overall economy of the nation. Tools and resources have been created to help people understand this new taxation system. Online tools like GST software and GST calculator in India have come to the rescue of Indian businesses who are having a tough time getting used to the GST taxation system.

This article shows you the importance of having a GST calculator in India. If you are a businessman in India or if you are planning to expand your business in India, you need to understand the importance of having a GST calculator. So, without further ado, let’s take a look at the significance of a GST calculator.

  1. Fast Calculation

Calculation for GST can be time-consuming. An online GST Calculator does fast calculations on all goods and services inclusive and exclusive of GST prices. This saves you a lot of time so that you can focus primarily on your business operations.

  1. Flexibility

You can use an online GST calculator to calculate various tax liabilities such as SGST, CGST, IGST, and UTGST in accordance with the rates provided under the GST Law.

  1. Higher Accuracy

Most of the tax calculations in the previous tax regime were done by chartered accountants or accounting software. However, GST-related calculations are new and different. So, you need to use GST software and calculators to calculate GST tax rates and measure your business’s profits and losses with higher accuracy. This will help you do your business without the risk of going wrong with the figures.

GST calculator has become one of the most essential tools for business after the implementation of the GST law. This is one of the handiest tools for taxpayers as it can help them maintain their business accountability. GST calculators have made the process of GST calculation much efficient and reliable.

We hope you found this post useful and informative. If you have any queries or suggestions related to this post, please drop your comments in the comment section below.  We would be glad to help you out. To show your support, share this post with your friends on Social media and elsewhere.

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Why You Need To Consider Investing In SIP Mutual Funds

Why You Need To Consider Investing In SIP Mutual Funds

Mutual fund investments are a way of earning money through your savings. Because of its flexible plans, more and more people are becoming a part of mutual fund investments. There are so many different mutual fund plans you can go ahead with. Among the many different mutual fund plans, the systematic investment plan or SIP has become the most popular choice. More and more people are now investing in SIP mutual funds wherein a fixed sum of money is invested on a regular basis.

MERITS

There are lots of merits associated with SIP for the investors.

  • The systematic investment plan gives investors the freedom to buy units as per the given date of every month so as to go ahead with certain investment plans.
  • The investors have the choice to decide the amount that they wish to invest in these plans.
  • The SIP schemes make it very safe to invest in equity mutual funds and unit-linked insurance.

BEST CHOICE FOR SMALL INVESTORS

This is the best choice of investments for small investors. If you are a small investor and you wish to make your investments on a regular basis, SIP is the most suitable option for you. With such a plan, you receive the required discipline, easy management and tools for managing your investments. If you are willing to manage a certain amount of investments on a regular basis instead of managing a large amount at one go, Systematic investment plan will suit you the most.

SEAMLESS INVESTMENT EXPERIENCE

If you are thinking about investments this year, you should consider systematic investment plans. This is one of those mutual fund schemes that make your investment experience seamless. With this type of investment, you can focus on managing your investment rather than focusing on the ups and downs in the markets. You can easily decide when to buy more and when to buy less as per the increase and decrease in the price. The two major advantages of a systematic investment plan are the rupee cost averaging and the power of compounding. The power of compounding greatly impact your investments, especially if you make an investment for long-term. Keep investing more in SIP investments and manage your money by keeping track of the markets. Calculate and compare the returns from various mutual fund schemes to find out the best option for you.

KEY TAKEAWAY

Mutual Funds are subjected to market risks. Yet a lot of people are willing to take the risk and go ahead with their investments. The key to successful investment is to figure out your financial goals and plan your investment accordingly. SIP investments are indeed a great way to help you fulfil your financial goals. This is truly one of the best among all mutual fund schemes. To reap the benefits out of this scheme, you just have to stop analyzing and start investing.

We hope you found this post useful and informative. If you have any queries or suggestions related to this post, please drop your comments in the comment section below.  We would be glad to help you out. To show your support, share this post with your friends on Social media and elsewhere.

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