Author: Herbert Whitney

Finance 

E-Way Bill and the Changing Face of Indian Economy

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Earlier this year when the Central Government announced the implementation of e-way bills for movement of goods, it met with a mixed feeling of joy and confusion. Joy, because goods carrier can generate eway bill electronically using software. Confusion – as most transportation companies believed that e-way bills in the country were implemented without discussions and given enough time to fulfill the necessary documentation processes.

Here are some important things you should know about eWay Bill and how it is set to transform the logistics and transportation businesses in India.

State movement of Goods: eWay Bill is a Compulsory

Due to illegal transportation of goods, especially contentious smuggling of alcohol, sugar, grains and meat, eWay Bill was a compulsory mandate announced across India. With eWay Bill, goods carriers can freely transport their cargo from one state to another and intra state. This has greatly streamlined the movement of logistics and reduced possibility of bribery and in advert delays.

eWay Bill could be checked at any time of the transporting of goods, including the stage when it has already been delivered to the destination.

Registered Persons Can Only Make a eWay Bill

eWay Bill can be generated by registered companies or individuals,

Who is a registered person? Let’s try to define this.

A registered person could be a consignee (buyer) or the consignor (seller of the goods) causing the movement of the goods or consignment using a motorized vehicle, hired or private, or by ship, train or railways. The E-way bill software would allow the registered person to generate an eway bill electronically using a common portal online.

If the consignor or consignee both are not registered, then the transporter would be the party considered as a registered person who has to generate the eway bill using the software.

In short, the consignor, the consigness and the transporter can all be registered person or parties in the completion of eway bill generation as registered parties.

The eWay Bill is applicable for cargos and goods transported via road, rail, air, or by ships.

What is Supply and what is Return?

When do you need a eWay Bill?

The eway bill generation process has two steps:

Part A

This has to be furnished by the consignor, a person who is causing movement of goods of consignment evaluated at Rs. 50,000/- or more.

Part B

Transport details that are furnished by the registered transporter carrying the goods in their vehicle.

The eWay Bill can be generated between persons and transportation companies who are ferrying goods via motor vehicles only.

Empty Cargo containers: No eWay Bill Needed

If there is no goods or cargo in the container ferried by the motor vehicle, goods companies need not generate an eWay Bill. This means that if the motor vehicle is returning from its supply destination back to its source without any goods, no eWay Bill is demanded.

The consignor or consignee himself generates the eway bill if the transportation is being done in own/hired motor vehicle or by railways, by air or by ship. Using an online portal reflects the status of Eway bill receipt if the consignee or consignor has formally accepted or declined the supply of goods as mentioned in the bill.

Finance 

Discount or Fulltime: Which Brokers to Choose and Why?

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If speaking of stock marketing, investing, buying and so on; there are different types of things that have to be kept in mind. Most of the individuals take assistance of professional brokers when they step into stock marketing. These brokers are the middlemen when talking about purchasing and vending stocks.  These professionals handle your orders to sell or purchase a particular stock.

There are mainly two kinds of brokers Discount brokers and fulltime brokers. The former brokers fetch you all the information and give you exact guidance that too without any additional charges.  However, speaking of the latter one, they facilitate things for investors and might charge investors for even the things that investors weren’t needed. Anyhow, it is the personal choice of investors whether they want to go for Discount Brokers India or fulltime brokers.

These are the brokers that cater a platform for transaction and the services that are essential to complete a transaction. The alteration between a discount one and a full-service broker is reproduced by the transaction cost on low-cost stocks or on the substitutes trading.  There are various brokerages who charge a least amount for stocks below a specific price. Their aim is to guard their brokerage in absolute terms as low-priced stock could give them small brokerage if they get calculated in the terms of percentage. Similarly, in the realm of options trading (that are usually low-priced, mainly out of cash options) different brokerages have a flat quantity per contract. This is a technique of calculating brokerage that has a massive impact on the profitability of client.

Once more benefit of a discount fellow agent is that they are impartial. Yes, it is because they cater no advice. They are not going to make you vend a good stock or at the same time, make you buy one. They are not going to trouble you with their research calls and remind you about that of all the trading calls that clicked while conveniently brushing recommendations under the carpet that did not perform.

It is important for you to know that Indian financial markets have undergone a drastic change for the good over past decade. Electronic trading has not just got transparency in a business that was infamous for opacity but it has also brought down prices. Web trading has raised the transparency and payment parameters to a completely new level. Internet trading has also fetch in a set of brokers who offer cheap rates for transactions. These are the fellows who are known as discount agents or brokers in industry parlance.

Charges: what are they for?

A broker charges brokerage for offering a platform to transact. The conventional brokers charge higher brokerage simply as they claim to offer value addition by catering research calls. Though a conventional broker could sound kind by claiming that his  well-researched calls are produced by a huge team of highly educated and more importantly highly paid analysts with sole goal of helping client increase wealth, the truth is quite different. A broker makes money only in case any client transacts. And the more a client manages, the better brokerage goes to the fund of the brokers. Brokers generally have differing rates of brokerage that rely on the client and quantum of trading.

Conclusion

So, after reading it all you might have made up your mind regarding discount or fulltime brokers.  

Loans 

Who are discount brokers and how are they different from regular brokers?

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In stock marketing it is not easy to buy or sell trades. You have to be a professional in your tasks if you want the things to work out in the most effective manner. Certainly more nadi more brokers are going towards discount brokers and there is a reason for that. An apparent advantage of discount brokers is that they are impartial. As they offer no type of advice, they are never going to make you sell a great stock or at the same time, make you purchase one.

‘Discount Broker’ is the answer to high transaction price afflicting the financial sector. This type of broker is a no-add-on broker like a low cost airline. All the broker does is catering the platform for transaction and the services that are necessary to complete a transaction. They would only help you take to the destination in a proper and safe manner.  The near rock bottom brokerage price makes a lot of difference for a client. Research or stock calls in present day are available in plenty on the internet or via newspapers, periodicals and websites. And of course there are various types of paid newsletters and content providers too who give trading and investing ideas. These get done at a fixed fee.

The difference between a discount broker and that of a full service broker is replicated by the transaction cost on low priced stocks or on options trading. Many brokerages charge a least amount for stocks below a specific price. Their aim is to guard their brokerage in absolute terms as low priced stock is going to give them tiny brokerage if they are calculated in terms of percentage.  Similarly in options trading that are generally low priced mainly out of the money options, many brokerages possess a flat amount per contract. Such a method of calculating brokerage has a great impact on the success of the client.

Another benefit of the discount broker is that these fellows are unbiased. Since they cater no advice, they are not going to make you sell a good stock or at the same time, make you purchase one. They will not trouble you with their research calls and they are not even going to remind you of all the trading calls that came up while conveniently brushing recommendations that did not really perform.

Please note!

Before you run to open an account with a discount broker make sure that you check if there are any concealed costs behind the low brokerages that are advertised. You also have to check the infrastructure of discount broker, his internet connectivity speed and even more importantly in case there is a reserve mechanism if either your internet or the broker’s connectivity is vulnerable.

Conclusion

So, since you have a great idea about discount brokers, it is up to you to choose them for your trading.  Remember, both the conventional and discount professionals are good but you have to figure out which one suits your needs utmost.

Finance 

The Basics of Getting A Second Mortgage To Pay Off Your Debt

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Second mortgages are loans that you can take in order to get some cash out of your home’s equity. This is done to pay off any high interest debts, the tax man, or any emergency expenses you may have. This type of a mortgage allows you to borrow against the value of your house.

A second mortgage can look like various types of loans:

  • A Lump Sum: a onetime loan given by a lender that can be repaid over the course of a set timeline. All you have to do is keep up with the fixed monthly payments. 
  • Line of Credit: not exactly a second mortgage but still a loan agains your property. Line of credit can be referred to as a pool of money that you can tap into when needed. You don’t have to use the money but you can be assured that if the need arises, it will be available.

The two advantages of a second mortgage vs a regular loan.

There are 2 main advantages of obtaining a second mortgage:

  1. Increased Amounts

When you opt for a second mortgage, you can borrow a larger sum of money because of the fact that the loan is based on an asset; your home and its market value. Depending on the value of your house, and the lenders flexibility, you may even be able to secure up to 80 percent of the total value of the house through a second mortgage. 

  • Low Interest Rates

Majority of the times, second mortgages will have drastically lower rates of interest vs any unsecured credit (such as credit cards, tax debt, etc) because the loan is secured through the value of your home. This drastically reduces the risk factor that is felt by lenders and allows them to become more lenient when it comes to interest. Chances are you may get rates that are in single digits.

For more information on 2nd mortgages search for your local mortgage broker.

Mortgage 
Rapid Prototyping And the Expansion of The Economy in China

Rapid Prototyping And the Expansion of The Economy in China

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There a lot of notions about product manufacturing in China that needs to be cleared up in the open to get a better grasp of the type of market we are dealing with. Many things have happened in China over the past two decades that have shaped a new way to do business with manufacturers in the mainland. The country is now a market of exceptional value that no longer sacrifices quality over quantities. The most prevalent standpoint in the current market is that rapid prototyping China offers state of the art products at meager costs, and that’s just the tip of the iceberg.

The facts are out there for everyone to see: rapid prototyping in China has evolved beyond the now outdated preconception that the label “Made in China” was synonymous with low-quality products. Long gone are the days of creating prototypes following Shouban principles, this method required long hours and experts handcrafters that translated in really high costs. The average value of this type of prototypes could go from $1,000 to $5,000 easily. The final take could need revisions that could increase the overall cost of the project. The new technology for Rapid prototyping has made away with all that.

The Estate Behind the Growing Initiative of a Business Front:

This forward thinking within the manufacturing industry started at the turn of the new millennium. A lot of prototyping companies invested vast amounts of money in CNC machining equipment and rapid prototyping technology. This quickly made the prices of prototypes to decline in a matter of months. The current cost of a prototype is still going down as tech developers create new technology that is able to work with new materials and 3D printers that can create functional products. Revisions are no longer an issue, and any project can be handled in a matter of weeks.

There is also no mistake in the fact that China’s ruling state offered a lot of support to local businessmen to transform their operations and make them compliant to the standards of quality demanded by international regulations. These very companies are the same pushing forward for the quick evolution of CNC technology and enhanced 3D printing equipment. The results can be seen all around the world, with these machines now being developed for home use as well as industrial. All these machinations have helped China’s economic growth in the last twenty years. Their GDP has expanded at a rate of 10% on average since 2000, and the lowest point has been near 7% in the last five years.

Credit 

Four reasons why you need to take your company credit score more seriously

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Well, when it comes to filling new tender, approaching new investors etc your company credit score to play an important role. It’s crucial for a company to have a strong credit score so they can approach right as well as beneficial options for their work. Along with that, the individual also needs to understand that their personal credit card score plays no role in their company credit score. So no matter how great your personal score is, it will not be going to affect your company credit score.

Get the reason how credit card score of your company contribute in the whole scenario

For helping out the companies as well as individuals to maintain their credit score, there are options such as Experian from where they can get the better as well as deep information.  However, if you are running a company, then you should take care of your credit score as it can help a lot in making your business successful.

# Get the report on your objective picture

The credit score is used in order to get a picture of how’s your company financial stat is and the objective picture too.  The report has the detail information related to untestable credits, comprehensive demographic as well as a record of the public and financial. Along with that, the reduced can also show the company habits of paying and other crucial information regarding your company.

# Helps in avoiding unwanted surprises

Well, the credit score of your company decide lots of things about you, along with that companies also make the decision on the basis of that. It helps to determine the loan for application success, the credit that will offer to your business, also the interest charges against your company etc.  Because of all these reasons your company credit card need to be good so you can do the monitor as well as do the basic changes for avoiding future risks.

# Good scores mean more funding options

Bad scores in your company credit can shut all the options that you can get. Not just it will be hard but also make it impossible for the investors to invest in your business. The credit card score of your company is important if you want to target a much effective and efficient option for funding. It’s also crucial to build the good scores so you don’t limit the opportunities that can your company to grow and to be successful.

# Bad scores harm your company’s reputation

The credit card score of your company basically paints a picture of your work in front of everyone. Incorrect or bad things will present your company as wrong and it will shut the options of growth in the market.  Because of which your targeted audience and the suppliers may even take their decision based on the whole thing which will be wrong for your company. That’s why you need to monitor how your company credit score is going and build the possibilities to make it good. It will not just help your company to work better but also boost up the reputation in the market.

 

 

Trading 
Discuss the various functions of share broker

Discuss the various functions of share broker

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A stockbroker performs purchase and sale orders sent by investors. Stockbrokers tie buyers and sellers of shares, thus creating liquidity in the marketplace. Stockbrokers trade on behalf of persons and companies, and for their services, brokers charge a fixed amount or a commission, which is a proportion of the sale or buying price. The expansion of discount brokers on the Internet has facilitated investment for the general public. But brokers offer service and experience that discount brokers do not provide. Brokers are extensively trained to discover about securities.

There are various types of brokers, and extra licenses are necessary to market specific securities, like commodities. Stockbrokers recommend their clients whether to purchase, sell or hold securities. Good stock brokers systematically investigate any safety on which they make suggestions. And they will take the time to learn about a client’s circumstances to make appropriate recommendations. It is up to individual investors to decide if the fees and commissions they pay to a broker, who consume their returns, value the services provided.

A stockbroker is legally connecting with a brokerage firm that is a registered member of CDSL (Central Depository Services Limited) or NSDL (National Securities Depository Limited).

The primary function of a stockbroker consists of:

  • Advise the investor on the appropriate investment in the stock market.
  • Carry out the purchase and sale of shares on behalf of the investor.
  • If he/she is representing a large company, the stockbroker also plays an essential role in marketing to the customer when writing newspaper and magazine articles.

To carry out all these responsibilities, a stockbroker obtains a commission.

The qualifications needed to be a stockbroker are: The Best Share Broker in India must have the following relevant skill.

  • A significant degree in Finance or Business Administration
  • Complete knowledge of the current taxes and other financial laws in the country.
  • Considerable experience in the operations of the stock market, Forex, futures and options, commodity market operations, etc.
  • Aside from any relevant experience and educational qualification, a stock broker must obtain a registered license from the SEBI (Indian Securities and Exchange Board) to begin his practice. 

Role of a stockbroker:

Stockbrokers assist peoples in making their investment at the correct time and in the right place. They also help people to manage their investments and money in the stock market. A living being in the stock market form too many years; they know the most excellent way for their money. A stockbroker helps customers create a portfolio and also manage it. Some part-time brokers are charged only a few dollars for their service, but it is always good to go to a full-time service broker. When choosing an agent, always keep regular links with him and ask him about the latest market scenario.

Stockbrokers give advice, manage investments, and purchase securities to meet the financial needs of their clients best.

Uncategorized 

Can Bankruptcy Solve your Property Mortgage Problems?

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Property mortgage problems are often associated with default and foreclosure of the home if you are attempting to buy it. While filing for bankruptcy is the last resort when it comes to handling financial challenges, some property owners file for bankruptcy in attempts to stop foreclosure from taking their homes away.

Bankruptcy can erase most of or all your debts in some situations. But property owners seeking bankruptcy should relinquish items that have lagged behind in terms of payments. This could include homes and vehicles. The bankruptcy process may offer the means to retain your home if you follow some specific processes.

Generally, this requires a lot of research and guidance from an Orlando bankruptcy attorney or any other expert in these matters. Additional information and guidance available online could also help you understand whether or not filing for bankruptcy will solve your home mortgage challenges. It’s also important to disclose all your revenue and sources of income.

Delay foreclosure

Filing for bankruptcy in time can delay foreclosure. An Order of Relief can be issued by a bankruptcy court through a Chapter 7 or Chapter 13 bankruptcy to ensure that your property isn’t taken. This order offers an automatic stay that prevents creditors from seizing homes and assets such as land.

All foreclosure sales shouldn’t proceed without a court order. That means you are protected from the final sale. If you plan to file for bankruptcy, make sure that you file the case and get it finalized before your creditors can seize your assets.

Type of bankruptcy and home mortgage

Filing for bankruptcy while having an overdue mortgage or entering into foreclosure might interfere with the proceedings. Therefore, it is important that you follow the right procedure when filing your case. Note that Chapter 7 bankruptcy is a great option for couples or individuals who don’t have enough disposable income to take care of their debts.

The Chapter 13 bankruptcy for people with enough disposable income that can pay off their debts either partially or completely. You can take the means test to find out if you qualify for this bankruptcy option. Also, having a good attorney on your side can help you learn the terms and conditions and make the right choice.

Sometimes, complications arise especially for individuals using bankruptcy cases to stave off possible home foreclosures. For instance, a debt collector can bring to court a motion to lift the automatic stay. This will lift all the measures taken to keep your creditors from seizing your home and other assets due to the mortgages, unpaid loans, and other debts.

Note that filing for bankruptcy might protect your assets for a couple of months. If the case isn’t finalized in time, financial institutions might proceed to seize your property. Therefore, it is advisable to file for bankruptcy at the right time and ensure that it is finalized in time. One way of achieving this is by working with an experienced attorney.

Mortgage 

Hire The Right Broker For Commercial Mortgages

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Times come when we have to raise loans in one way or the other. Many people wish to buy business properties. That’s where commercial mortgages prove their worth. The ones meant for buying business properties are known as the commercial mortgage. Individuals, manufacturing units or the trading concerns make use of these mortgages. The interested guys use such mortgages for buying different types of properties that include land for development, commercial buy to let properties or the public houses. Such mortgages cover the purchase of restaurants, leisure homes, farms or agricultural lands. Those interested to buy warehouses or factory units may also apply for mortgages under the commercial segment. Other types of properties falling under this mortgage include office accommodation too.

Hiring competent brokers – Guys on the go to avail such mortgages should assess their exact needs. Lending institutions including bankers or money lenders formulate different processes and interest rates for different types of properties as regards the credits. Apprise the money lender or the bank manager about your specific property requirement. The guy across the table would suggest you suitable mortgage plan in accordance with your specific needs.

Ordinary citizens may find it difficult to fill up the application form and complete other requisite formalities. It is the qualified and learned mortgage brokers that deal in such types of mortgages meant for buying business properties. It is good to consult your friends, relatives or other known guys that may suggest the dependable brokers in this field. Go through the newspapers or have a glance at the internet. Many reliable brokers post their credentials through their own websites. Why not try the customer review platforms that could also suggest reliable commercial mortgage brokers that aim at your full satisfaction.

It is good to talk to the broker in person and let him or her know about your own needs and other requisite aspects. Apprise him or her about the purpose of the loan and its quantum. Be wise to tell him or her about the feasibility of repayment of the loan. It is good to fix a reasonable amount of monthly, quarterly or yearly instalments so that you are at ease as regards the repayment of the loan. Ask the broker to persuade the bank or the money lender to accede to your suggestion as regards the amount, its repayment and the instalment.

Be suggested to book the broker that demands genuine remuneration in the shape of a commission that ordinarily is counted as a fixed percentage of the loan amount. Many brokers ask for lump sum remuneration for their services. Their charges should not burden your pocket in any way. So thinking of buying business properties! Why not think of commercial mortgages through a good broker that aims at your full satisfaction.