Posts

SOLAR PLANT INSURANCE

 Last few years Solar energy is promoted by GOI very religiously. As our country has most of the days sunshine which make it a very viable alternative to conventional energy With subsidy and easy finance along with a favorable regime makes it is very attractive on a long-term basis. Also, the easy availability of solar panels and other required know-how is a plus point. Electricity act 2003 makes solar energy in commercial as well as industrial units mandatory. Now we move to open access regime in near future will make it a very good business proposition.  Rooftop solar plant with a priority purchase agreement (power) is also making it a viable business. Other benefits are there but we are not going to discuss them. What we are going to discuss is how to make solar plants work for you with minimum loss. When we plan a solar plant, we technical expert who guides us on it. If you see the damage caused by the storm, a stampede or thunderstorm is more prone to occur which results ...

TRADE CREDIT INSURANCE

 We in the business constantly face one threat if any of our customers get insolvent or if any of our customers stop payment for a long or deny payment altogether... This is normal in any business we have to go through this situation. In all the above-said conditions, we have one issue common that our precious working capital gets struck. We do meet the customer and do the follow-up regularly either by mail, phone or letter. We do all these, but in the whole process we lose time and money, situation sometimes becomes so scary that we lose our future order or present work gets stuck due to the nonavailability of working capital. Here we can choose one Insurance product called "TRADE CREDIT INSURANCE". It is also the same insurance product in which we take it for the unforeseen eventuality. Here only difference is peace of mind as we have due to insurance now how it works. We do an invoice as per our regular practiceanythinghing happens due to the above-said reason. We have to ...

TAX SAVING : AN OPPORTUNITY

Nowadays all are coming to us with one question or one solution on tax savings. Tax saving option: solutions or burden Tax saving question: real or burden on the wallet. Getting the right answer with a solution for life with complete knowledge on the path to travel with the need to do so is very important. There are two types of people who think that there is no need to plan for savings, only a few things which are done by them are enough to complete the savings. Tax rebate is (bracket)  only final for savings. I am in business  Balance Sheet gives me enough chances to save my tax is the answer for self entrepreneur Tax saving is a big opportunity that needs to be utilized First, it is to be understood that the tax bracket for saving (deductions) is not for your final target of savings. Yes, it is good to utilize the deduction in our favor but keeping our self up to the limit is not advisable. Education fees of our child, home loan, other product which are expenditure by us bu...

Precaution in Mediclaim

 Nowadays pandemic covid19  has made life very stressful. People are purchasing a short-term plan to protect themselves from this pandemic. Usually, when we purchase any medical insurance we check a few things like whether it is cashless or to getting any room of own choice or co-payment option. All questions we raised are good and relevant in nature. But the majority of policies have common features. Which are mentioned in policy wordings. Before making any decision we have to go through the fine details. Likewise ambulance cover, baby cover{ new born}, a vaccine for newborn baby. All these (baby cover for a newborn)are covered till 91 days in policy. After this what is the condition which one has to check? Slab for age is one such criterion where we can save money if we have long age slab, then actual outgo is less. It is the first checkpoint before taking any decision. At an early age generally, people do not have health issues as compared to old age. There is less chance t...

सलाहकार

आज हम इतने ज्यादा व्यस्त हो गए है कि हम लोगो से मेल मिलाप और किसी बात की सलाह मशविरा का वक़्त नहीं है या फिर हम इसका महत्त्व नहीं जानते या  इस  पर गौर नहीं करते की  हमारा सलाहकार कौन है |  जब टीवी  नहीं था तो  पूरा परिवार एक साथ बैठता था ,अब इंटरनेट से छोटा परिवार भी साथ नहीं आ पाता | तो पारिवारिक जमावड़ा  मुश्किल से हो पाता है |  जब परिवार नहीं मिल पाता तो दोस्तों से मिल बैठकर  सलाह मशवरा  भी नहीं हो पाता| और हम सभी पर भरोसा भी नहीं करते |  जब यह हालात है की हम समय नहीं निकाल  पाते  तो निर्णय कैसे हो |  यह भी सही  है इंटरनेट पर जानकारी उपलब्ध है |  गौर  करियेगा  जानकारी है पर अनुभव नहीं | रेटिंग  है पर सही या गलत पता नहीं |  और  यह भी नहीं की हर बात गलत हो  पर जो बात ह्यूमन to ह्यूमन होती है उसका तोड़ अन्य किसी मे नही |  अब तक हम वो  काम कर रहे है जो हमारा है  और उसमे हमे महारत है |  पर हमे हर काम आता है ? इसका जवाब नहीं में ज्यादा मिलेगा |  इंसान अपने अनु...

CGL Insurance

  Commercial contracts have to be given due respect by both parties involved. But it is often seen that a third party gets involved in litigation and the end seller gets sued by a third party or end-user. Which is a costly affair.  How this happens we do not know but we land in trouble for our product or service which we delivered long ago. Take the case for example One of the exporters based in Delhi used to export shoe soles to a US-based client in early 2010. The business was growing all commercial terms were followed in spirit by both parties. The long business association gives the confidence to move forward. Finished goods were made as per plan and sold to the end-user.  One of the end-user used it in a fashion show, a small accident occurred in the how made her take a rest for a long time. Which caused her financial losses due to her nonworking condition of her.  She sued the company which manufactured the shoe. While the case was in progress it was found that...