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Start learning 50% faster. Sign in nowIn a major development, the Goods and Services Tax network (GSTN) has been included to the account aggregator (AA) network as a financial information provider (FIP) to facilitate cash flow lending to the micro, small, and medium enterprises (MSMEs) This would give financial institutions access to data regarding small businesses, which would help them to extend loans to such businesses. Learn Along: GSTN, short for Goods and Service Tax Network, is a non-profit non-government company. It provides shared IT infrastructure and service to both central and state governments including taxpayers and other stakeholders. The registration Front end services, Returns, and payments to all taxpayers will be provided by GSTN. Account Aggregator Framework: It is a framework for data sharing between financial institutions like banks, pension funds, insurance companies and assets management companies. Under this, account aggregators (AAs) use technology for simple and secure exchange of the data between the institutions. With AAs, financial data can be used to access a vast array of financial services for your personal or business needs. Financial Information Providers (FIPs) are institutions that function as stewards of user data. These are the banks, mutual funds, pension funds, etc. that represent the ‘source’ of personal or business data which Financial Information User (FIUs) can access via requests through an Account Aggregator. Micro, Small, Medium Enterprises (MSME’s) are entities that are involved in production, manufacturing and processing of goods and commodities. The concept of MSME was first introduced by the government of India through the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006. Micro - Investment less than Rs. 1 crore or Turnover less than Rs. 5 crore Small - Investment less than Rs. 10 crore or Turnover up to Rs. 50 crore Medium - Investment less than Rs. 50 crore or Turnover up to Rs. 250 crore
If distance between two pillars of length 16 & 9 cm is x cm. If two angle of elevation of their respective top from a point on ground of other are c...
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The angle of depression from the top of a light-house of two boats are 60° and 30° towards the west, if the two boats are 60m apart, then the height ...
There are two houses of the same height on both sides of a 40-meter wide road. From a point on the road, elevation angles of the houses are 30° and 60�...
A Navy captain going away from a lighthouse at the speed of 4[(√3) – 1] m/s. He observes that it takes him 1 minute to change the angle of e...
The shadow of a pole on ground level is increased by 24 m when the angle of depression of the sun changes from 60° to 30°. What is the height of the p...
