Voluntary Provident Fund

November 13, 2015

Voluntary Provident Fund (VPF) refers to the voluntary contribution that an employee makes towards his Provident Fund Account over and above the mandatory 12% of his basic salary. VPF is fixed at a proportion of the salary and its percentage cannot be reduced or increased midyear. VPF...

Animal Products and Income Elasticity of Demand

September 26, 2015

The animal products have positive income elasticity of demand. This implies that as the consumers’ income rises, more their consumption pattern will change and more they will demand the animal products such as meat, eggs and milk. This is one reason that despite reduced importance of livestock...

Meaning and Types of Share Capital

May 5, 2015

Availability of capital can be one of the major constraints in setting up or expanding a business because of limited pool of resources of the promoters of a company. To overcome this constraint, a promoter can raise money from public by issuing shares of the company. The...