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Showing posts with the label Business Economics

Business Going Bankrupt? Here's What You Should Do (Indian Insolvency Law)

Article by  Anant Pratap Singh Chauhan , Edited by  Chinmay Jain . Article has been edited by the WinSavvy team thereafter to keep it updated. The COVID-19 pandemic has severely hurt businesses throughout the world. Even in 2022, with supply chain shortages and roaring inflation along with consumer demand at an all-time low, startups and small businesses are finding it extremely difficult to manage their business finances , ensuring they have a predictable cash flow, as well as a stable working capital . As a result, Finance Minister Nirmala Sitharaman, on 17 th  May 2020, announced several measures to provide relief to companies, facing insolvency due to the coronavirus pandemic.   Increase in the Minimum Threshold to initiate Insolvency Proceedings The Central Government used its powers under the  proviso  to Section 4 of the Insolvency and Bankruptcy Code, to increase the minimum threshold amount , under Section 4 of the Insolvency and Bankruptcy Code, 2016, Rs. 1 crore for t

Rights of US Employees in Light of the Covid-19 Crisis

Article written by Smrithi Shibichakravarthy . Edited by Sugandha Nagariya . ABSTRACT (Gist of the Entire Article) The COVID-19 crisis has broad implications on a global scale. One of the major effects of this pandemic is a severe increase in unemployment rates, especially in countries like the United States. It is important that even in the light of the crisis going on, the rights of US employees are protected along with their best interest.  Human Resource Law has a major role to play in helping employees understand their rights and inform them of what action they can take to make sure that their employers do not take advantage of or mistreat them.  The Occupational Safety and Health Act of 1970, is an act passed with the intention of assuring the safety and health of the workers nation-wide.  It gave rise to Occupational Safety and Health Administration (OSHA) which works towards creating safe work environments and has established standards to be followed by companies

The Definitive Guide to Choosing a Revenue Model for Your Business

Article by  Eshani Jain . What is Revenue? Revenue is the income that an organization earns by selling its product or service. Revenue can be generated by a firm from numerous sources in the form of rent, commission, transaction fees, arbitrage, markup, service revenue, product revenue, consulting, brokerage fee, interest, dividend revenue, etc. Generally, revenue streams are categorized into 4 types which are as follows: Transaction based Revenue: revenue earned by one-time sale of goods Service Revenue: earnings generated by providing service to a customer and the customer pays for the time or expertise offered Project Revenue: earnings through a one-time project with a new or existing customer Recurring Revenue: revenue that is likely to be generated regularly for some time What is Revenue Model?  A revenue model is a conceptual framework for generating financial income. It states and explains the revenue earning strategies of the business. A revenue model id