Payment of Gratuity Act‚ 1972 Outline • • Applicability of the Act (Sec 1) & Definitions (Sec 2) – employee‚ superannuation‚ continuous service (Sec 2(A))‚ Wages Payment of gratuity (Sec 4) o Continuous service of not less than 5 yrs o Calculation of gratuity in case of seasonal employees‚ in case of employee employed after disablement‚ on ‘retrenchment’‚ for service beyond the age of superannuation‚ on resignation o Calculation of “15 days” wages in respect of mthly rated employee‚ piece-rated
Premium Employment
may appear to be against the interests of State Governments – owing to a loss in revenue – the resultant increase in liquidity will go a long way in improving their fund raising efforts as also of their state financial institutions and municipalities for infrastructure projects. The National Securities Depository Limited (NSDL) has already taken up this matter with the State Governments. NSDL has requested for a revenue- neutral policy change which will imply the levying of a one-time charge at the
Premium Stock exchange Stock Stock market
in concerns the different payment tools that importers and exporters use when selling goods. There is an added level of risk present when conducting transactions internationally. This risk is in the form of theft‚ fraud‚ non-payment‚ complications of multiple governing agencies‚ and the inability to meet time deadlines. There are many financial payment tools that are currently being used to combat the problem of international transaction risk. The most common payment types for an international
Premium International trade Money
EXECUTIVE SUMMARY Revenue Recognition and Wareham SC Systems‚ Inc. Wareham SC Systems‚ Inc. is a capital equipment and testing instrument manufacturer and supplier comprised of three divisions: the Glendale Division‚ the Advanced Technology Division and the Technical Devices Division (Anthony‚ Hawkins‚ & Merchant‚ 2011‚ p. 137). In 1999‚ Somai Desai‚ the company’s chief financial officer‚ received news that the Security Exchange Commision (SEC) issued a new set of revenue recognition and reporting
Premium Revenue Generally Accepted Accounting Principles Customer service
2013 ISSN 2286-4822‚ www.euacademic.org IMPACT FACTOR: 0.485 (GIF) Bangladesh’s Balance of Payments: an Econometric Analysis M. S. RAHMAN CHOWDHURY Department of Economics Jatiya Kabi Kazi Nazrul Islam University Trishal‚ Bangladesh Abstract: The study was conducted at the Department of Economics‚ University of Chittagong‚ Bangladesh between December 2010 and April 2011. Balance of payments plays the most important role in a country’s economy. As a developing country‚ Bangladesh cannot
Premium International trade International economics Balance of trade
Stat: Concern over the quality of health care services in Bangladesh has led to loss of faith in low utilization of public health facilities‚ and increasing outflow of Bangladeshi patients to private hospitals. The public health sector is plagued by uneven demand and perceptions of poor quality. Countrywide‚ the underutilization of available facilities is of significant concern. For example‚ one study shows that the overall utilization rate for public health care services is as low as 30% (Ricardo
Premium Health care Medicine Health economics
THE REVENUE SOURCES OF FACEBOOK.COM Facebook Revenues Up to $700 Million in 2009‚ On Track Towards $1.1 Billion in 2010 Facebook is tight-lipped about its revenue numbers‚ which is typical of private companies. The most it has said publicly is that it became “free cash-flow positive” as of last September. At the time‚ we estimated it was set to bring in around $550 million for the year in revenues based on previous reports that we and others had heard‚ and from our own calculations. But how did
Premium Facebook
Under the conditions of perfect competition‚ a market will be allocatively effi cient as long as the fi rms in that market produce at the P=MC level of output. Price is a signal from buyers to sellers‚ and the price seen by fi rms signals the marginal benefi t of consumers in the market. If the price consumers pay for a product is greater than the marginal cost to fi rms of producing it‚ then the message being sent to producers is that more output is demanded. In the pursuit of profi ts
Premium Economics
Capital Expenditure vs Revenue Expenditure Carlos Flannigan XACC/291 Instructor: Tameka Johnson October2 ‚2014 Expenditures are unavoidable for any company to exist in the competitive market‚ to expand the business or to find new opportunities to open up beneficial business in those areas‚ etc. Expenditure is defined as payments of cash or cash equivalent for goods or services‚ or a charge against available
Premium Generally Accepted Accounting Principles Capital expenditure Operating expense
Revenue has become the lifeblood of the government from the moment the Philippines had been given the freedom to establish its own system of governance and formulate laws which formally states the people’s rights‚ duties and obligations. However‚ for the country to continuously sustain the needs of its citizens it has to generate revenues from the different sources available. How will the national government implement the maximization of revenues from local communities
Premium Income Tax Value added tax