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Financial Terms

Garbage Fees

It is a way for the government to collect revenue under the guise of environmental protection. This fee is often added to a customer's bill without their knowledge or consent

In the realm of financial terms, the concept of a Garbage Fee is often misunderstood. It may seem like a meaningless charge with no tangible benefits, but in reality, it serves as a means for the government to generate revenue. This charge, disguised as an environmental measure, is often sneakily added to customers' bills without their awareness or permission.

Consolidated Fund of India

The Consolidated Fund of India serves as a central repository for all government revenues, including interest earned and borrowed funds. It is the primary source of funding ...

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Mutual Fund Service System (MFSS)

The National Stock Exchange (NSE) offers a convenient online system known as Mutual Fund Service System (MFSS). This system is utilized by members to submit redemption or su...

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Liquid Assets

A key concept in finance is that of liquid assets, which are those that can be readily converted into cash without significantly affecting their market value. These assets t...

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Anti-money Laundering

Anti-money laundering (AML) entails transforming illicit funds into legitimate assets through the establishment of valid documentation, thus constituting a financial offense. ...

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