So i had some stores that made some couple hundred $ profits for me, tho i cant make a huge profits, now i want to start a store and keep it for long run, shipping times have been changed now, average time is 45 days from china to usa and seeing at the political problems i don't think things will fix up, finding a reliable supplier who can ship the product within 15 days is so fkn hard, tho if i found a supplier they probably out of stock or dont have the product that i want to sell ! This makes me feel dropshipping is totally dead, so i invested in trading binary options ( just $10 ) not a big investment but i learned so much woth it and turned that into $100 within a week, im trynna turn this to 1k within next weekend ! Looking at this I don't think i will get back to dropshipping products and tc of fulfilling items, finding winners, finding winning ads, doing ab tests and everything, instead imma stick to trading binary will invest in forex too, this seems like better way to make money than dropshipping ! So to me dropshipping seems dead ! submitted by
In a bid to deal with stress in NBFC sector, guidelines will be issued soon for PSBs to take over pooled assets of NBFCs, a finance ministry official said. "Both Department of Economic Affairs, and Financial Services are in consultation. The eligibility norms for takeover should be out this week or latest by next week," the official said.
The RBI will come out with a mobile application to help visually challenged people in identifying currency notes. The RBI said that identification of banknote denomination is key to successful completion of cash-based transactions by visually impaired persons.
SBI Payment Services Pvt Ltd (SBIPSPL) is planning to double the number of point-of-sale (PoS) units deployed by it to 1.2 million by 2021- 22 (FY 22). This is part of the Co’s strategy to be a key player in the Centre’s ambitious plan to increase the number of PoS terminals across the country.
Led by LIC, life insurers’ collective new premium income jumped 94% to ₹32,241.33 crore in June this year, according to data from IRDAI. All the 24 life insurers had written new gross premium of ₹16,611.57 in the same month a year ago.
Dewan Housing Finance Corporation Ltd (DHFL) reported a huge standalone net loss of Rs 2223 crore in the fourth quarter ended March 31, 2019 against a net profit of Rs 134 crore in the year ago quarter.
Dewan Housing Finance Corp Ltd (DHFL), warned that its financial situation was so grim that it may not survive. The Co said it was "undergoing substantial financial stress" and its ability to raise funds was "substantially impaired and the business has been brought to a standstill with there being minimal/virtually no disbursements."
Thomas Cook has refuted allegations that an investigation is underway concerning its forex business breaching the Rs 14.7 crore foreign exchange reserve mark at the Cochin International Airport. As per media reports, the Air Customs Intelligence department had initiated an enquiry against Thomas Cook and had written to the RBI demanding cancellation of the Co's license after an alleged 'misappropriation' occurred while granting foreign exchange to foreign nationals at the Cochin International Airport.
9 of the 10 most valued firms suffered a combined erosion of ₹ 88,609.87 crore in market valuation last week, with HDFC Bank and TCS taking the biggest knock. Reliance Industries Ltd was the lone gainer among the top-10 frontline companies, adding ₹ 11,415.21 crore to its market capitalisation (m-cap) for the week ended Friday to reach ₹ 8,11,782.20 crore. On the other hand, HDFC Bank’s valuation plummeted ₹ 22,395.4 crore to ₹ 6,54,084.95 crore. The valuation of SBI tanked ₹ 6,291.85 crore to ₹ 3,24,454.25 crore and that of ICICI Bank dropped ₹ 5,925.68 crore to ₹ 2,75,568.83 crore.
The RBI may face legal challenges to its rule on the age limit for bank CEOs, unless it is changed. The RBI caps the age limit for banks at 70. But under the Companies Act, banks that are also registered companies can have chief executives who are over 70 years of age by passing a special resolution. IndusInd Bank and HDFC Bank have their current chiefs reaching the RBI age cap over the next year and half, said analysts. -Economic Times
Finance Industry Development Council wants the RBI to allow deposit-taking NBFCs with an asset size of more than ₹500 crore to be eligible for grant of Category II Forex licence. -Business Line
None of the ATMs of Dena Bank, Vijaya Bank and Bank of Baroda will be closed down or deemed redundant for the next 1-2 years following the merger, according to Rajesh Malhotra, general manager, BoB. -The Hindu
A 93-year-old bank in Tamil Nadu is moving to Mumbai. The boards of Lakshmi Vilas Bank and Indiabulls Housing Finance this week approved the merger between the two to create what would be known as the ‘Indiabulls Lakshmi Vilas Bank’.Now the merged entity - Indiabulls Lakshmi Vilas Bank - will shift headquarters to Mumbai. -Economic Times
SBI is targeting over 15% growth in its real estate portfolio and 12-14% overall growth in the retail book in the coming financial year, Parveen Kumar Gupta, MD-retail and digital banking, told. -Financial Express
HDFC Bank reported a 5% year-on-year (y-o-y) increase in advances for March 2019 at Rs 8.1 lakh crore, while its deposits grew by 17% to Rs 7.8 lakh crore. -Financial Express
David Malpass, US President Donald Trump's nominee to lead the World Bank, won unanimous approval from the institution's executive board on Friday, continuing the 73-year tradition of an American running the world's largest development lender. -Business Line
The recent Supreme Court order relating to EPS may open the doors for employees who were till now excluded from EPS to join the scheme. Also, the pension calculation formula may change resulting in increase in pension for employees who have already contributed to pension on full pay in the past. Going forward, the pension may be calculated on the basis of average salary of last 12 months and not 60 months which was the basis till now. Apart from these, the ruling has also opened doors to all existing members of EPFO to avail option of contributing on higher salary for a higher pension in the future. However, the above is in the realm of 'possible' because EPFO is yet to come out with its view on the impact of the SC ruling. -Economic Times
Amit Shah, who was a stock broker by profession before jumping into active politics, owns hundreds of listed and unlisted stocks, key among them being RIL,TCS, Bajaj Auto, Colgate-Palmolive, Grasim, HUL, L&T Finance and UltraTech Cement, among others. His affidavit, filed with the Election Commission of India as part of his nomination papers Lok Sabha seat, shows he held listed shares worth Rs 17.56 crore as of March 22, 2019. Unlike his opponent though, Rahul Gandhi has equity exposure mainly through mutual funds. His affidavit for the Wayanad constituency shows his investments are in mutual funds only instead of directly holding stocks. Rahul Gandhi has investments worth Rs 5.19 crore in 10 mutual fund schemes. -Economic Times
According to a report by local news outlet BeITA, Belarusbank, the largest bank in Belarus, is considering the launch of its very own cryptocurrency exchange platform.
The plans for the exchange were revealed by Viktor Ananich, the Chairman of Belrusbank’s board. Speaking with Belarus 1 TV channel, Ananich remarked:
“We are considering a possibility to establish a cryptocurrency exchange. We are working on it.” For Belarusbank, Digitization is the Future
The bank is looking to intensify its focus on digitization, and it is reportedly seeking ways to expand its range of services by forming alliances with various mobile service providers. In addition to the reported cryptocurrency exchange, BeITA also stated that the bank is in the process of issuing virtual cards soon.
Ananich added, “Digitalization-related projects will be virtually exclusive in nature. However, at present, things are changing very fast, and we need to keep up with them.” Crypto-Friendly Belarus
It is widely speculated that Belarusbank’s efforts will go on quite smoothly, especially considering that the government of Belarus already legalized cryptocurrency-related activities to be carried out in the country last year. President Alexander Lukashenko signed a presidential decree that introduced comprehensive legislation and allowed for the legalization of the crypto sector.
The presidential decree, titled “On the Development of the Digital Economy” came into effect on March 28, 2018. To encourage the development of the digital economy in the country, the presidential decree provided legalization of crypto-related activities in the country and also introduced tax reliefs for crypto-based businesses, which will last till January 1, 2023. The Latest Bank-Backed Crypto Exchange
Belarusbank’s efforts will be in similar style to that of Japanese financial services giant SBI Group. The financial services provider partnered with Denmark-based blockchain startup Sepior in October 2018. In a published press release, Sepior announced that SBI would by using its “threshold signature” wallet technology with its VCTRAADE exchange to ensure “on-line contents and transactions.”
SBI Virtual Currencies, a subsidiary of SBI Holdings, launched VCTRADE in June 2018 and it became the first government-licensed and bank-backed cryptocurrency exchange. At its inception, VCTRADE provided support for XRP, although trading in Bitcoin (TC) and Bitcoin Cash (BCH) were announced later.
Earlier this month, major crypto exchange Bitstamp announced its partnership with Swiss online bank Dukascopy to conduct Bitcoin transactions on behalf of the bank. The terms of the agreement state that clients will be able to make Bitcoin transfers to their accounts, convert them to fiat currency, and make trades on the Swiss Forex market.
Such news can not but rejoice, because it can be a second wind for the entire cryptorink, for example, as Gamblica.
Tally Definition Language – associate Introduction
Tally Solutions has been within the business of providing complete business solutions for over twenty years to MSME
(Micro, little and Medium Enterprise) and to an outsized extent to lupus (Large Enterprise) businesses. With over three million users in over a hundred countries, Tally, the flagship product, continues to be the well-liked IT answer for a majority of companies per annum.
Tally, the flagship product (which started as an easy accounting system, twenty years ago), is nowadays a comprehensive, integrated answer – covering many business aspects of the associate enterprise. These embody Accounting, Finance Management, Receivables/Payables, accountancy, Inventory Management, BoM-based producing inventory, multi-location/multi-currency/multi- unit handling, Budgets and Controls, value and Profit Centres, Job cost accounting, POS,
cluster Company consolidations, Statutory Taxes (Excise, VAT, CST, TDS, TCS, FBT, etc), Payroll Accounting, and alternative major and minor capabilities. it's served as associate ERP for tiny enterprises over the past twelve years.
With the introduction of Remote Access, Remote Authentication, Support Centre, Central Administration, and Account Management inherently supported within the product, it is formally labeled as Tally.ERP 9. With this capability, it's doable that the owner or a licensed user are going to be able to access all the reports and knowledge from a far off location. With every forthcoming unleash succeeding Tally.ERP
nine unleash three, extra capabilities are going to be delivered to cater to giant business enterprises. the most important useful areas in Tally are: Order to Payment (Purchase Processes)
Simple (Cash Purchase) to Advanced Purchase Processes - as well as Ordering, Receipting, Rejections, Discounts, etc.
Order to Receipt (Sales Processes)
Simple (Cash Sales) to Advanced Sales Processes - as well as Orders Received, Delivery, Invoicing, Rejections and Receipting, POS Invoicing at Retail. Material to Material (Manufacturing Processes)
Simple to Multi-step material transformations, separate and method trade cycles, add progress and valuations. Payroll
Simple to complicated Payrolls – as well as operating with completely different Units of Measures (e.g., Job rates), Statutory compliances, their specifications, and usage. MIS
A complete set of reports for Business necessities are as follows:
Financial, Inventory, MIS & Analysis, Budgeting & Controls with advanced classification and filtering techniques, cluster firms and multiple consolidation views, Cross-Period reportage, Forex handling, Bank Reconciliation, etc. there's conjointly associate Export choice to port knowledge into alternative applications (e.g., Spreadsheets) for extra manipulation.
The Compliance necessities and connected configurations in Tally.ERP nine are as follows, with reference to the implementation of:
● Direct Taxes: TDS/TCS
● Indirect Taxes: Excise, Service Tax, VAT, CST
Enabling setting for Remote - Tally.NET Users Tally package Services
(TSS) is to blame for the Remote Access Services. It allows:
● Remote Access - it's currently doable for the associate documented user to access Tally.ERP nine from any ADPS.
● Tax Audit Tools - The CA community can currently be able to deliver reasonable services to a shopper, addressing their Security and Privacy Considerations. Tally Definition Language Tally Definition Language
is that the application development language of Tally. TDL
has been developed to supply the user with the pliability and power to increase the default capabilities of Tally and integrate them with the external applications. TDL provides a development platform for the user. the whole interface of Tally.ERP
nine is made by exploitation TDL. TDL as a language, provides capabilities for fast Development, Rendering, Knowledge Management, and Integration.
Any Tally.ERP nine user will learn TDL
and develop extensions for Tally. the whole ASCII
text file is offered as a component of the Tally Development setting, i.e., with our product Tally Developer.
Comparison with alternative Languages
Today, there are several languages within the world that are wont to develop applications. These languages are developed keeping some specific areas of application in mind. Some languages are smart for developing front-end applications, whereas others are also smart for writing programs. the varied classes of languages on the market nowadays are as follows: Low-Level Languages
Low-level Languages are languages which will act directly with the hardware. They comprise directions that are either directly given in computer-understandable digital code or in very pseudo code. These languages need terribly sound information in hardware. as an example, programing language or any native machine language. Middle-Level Languages
Middle-Level Languages carries with its syntax, rules, and options a bit like the high-level languages. However, they'll conjointly implement low-level languages as a part of the code. as an example, C, C++, etc. High-Level Languages
High-level languages are significantly just like the West Germanic. they're simple to be told, program and rectify. High-level programming languages are typically divided into 2 categories: Third Generation and Fourth Generation Languages. Third Generation Languages
Most High-Level languages fall within the class of Third Generation Languages. Third Generation languages are procedural languages, i.e., the computer user specifies the sequence of execution and therefore the pc strictly follows it. The execution starts from the primary line of the code to the last line, taking care of all the management statements and loops utilized in the program. Fourth Generation Languages
There is no clear-cut definition for the Fourth Generation Languages
(4GL). Normally, the 4GL are high-level languages that need considerably fewer directions to accomplish a task. therefore a computer user is ready to quickly develop and deploy the code. Most 4GL are non-procedural languages.
For example, some 4GL are wont to retrieve, store and modify knowledge within the info employing a single line instruction, whereas alternative 4GL use report generators to get complicated reports. it's ample to specify headings and totals exploitation the language, and therefore the report is generated mechanically. sure 4GL is wont to specify the screen style, which can mechanically be created.
On having understood the categorization of pc languages, TDL is categorized as a Fourth Generation, High-Level Language. The capabilities that TDL gives to the users is far over what alternative 4GL languages provide. this could reach meeting specific functions like management, report generation, screen style, etc.
TDL could be a comprehensive 4G language which provides tremendous power within the hands of the computer user by providing knowledge management, complicated report generation, and screen style capabilities, exploitation solely some lines of code, resulting in fast development. allow us to currently analyze the options well, that facilitate North American country in understanding and appreciating the capabilities provided by the event language of Tally, i.e., TDL - Tally Definition Language. Integration Capabilities
Large and medium-sized businesses use disparate applications to run their business and one among the most important areas that require to converge amongst these applications is that the Accounting, monetary and Inventory data. Tally being the default accounting, Inventory and Statutory Compliance package employed by enterprises in these segments. Therefore, the necessity arises to debate on the combination Capabilities of Tally.
Integration Solutions are designed to confirm that the present investments in the package (ERP, inheritance and alternative Enterprise systems) stay intact by seamlessly group action data with new systems, technologies and custom applications inside the enterprise, moreover like firms with whom the business deals with.
Tally Interfaces – For Integration
Tally communicates with the external world chiefly exploitation 2 Interfaces.
● Tally ODBC
Interface (Read Only)
● Tally XML Interface (Read and Write)
Interface (Read Only) ODBC
(Open info Connectivity) makes it doable to access knowledge from any application, no matter what management System (DBMS
) is handling the information. ODBC manages this by inserting a middle layer, known as an info driver between associate application and therefore the software. the aim of this layer is to translate the application's info queries into commands that the software will perceive. For this to perform, each the appliance and therefore the software should be ODBC compliant i.e., the appliance should be capable of supplying ODBC commands and therefore the software must be capable of responding to them.
Tally provides the ODBC Interface that makes it doable for applications to speak to Tally info. By exploitation of this interface, external applications are going to be able to retrieve knowledge from Tally. Tally acts as a Server delivering knowledge to external applications.
Using the ODBC
Interface, Tally.ERP nine will create ODBC calls to External info and retrieve knowledge from them. In such a case Tally acts as a shopper to tug knowledge from disparate knowledge Sources. This knowledge is consumed in Tally as per demand.
The usage and techniques for the identical are going to be mentioned in Integration exploitation ODBC Interface. Tally XML Interface
(Read and Write) XML
(Extensible Markup Language) is customary for data exchange with external systems. Tally.ERP nine supports standardized message formats for Request/Response. Tally.ERP nine will communicate with any setting capable of causation and receiving XML over communications protocol.
Tally will act as a communications protocol Server capable of receiving an XML Request and responding with an XML Response. the whole Tally knowledge is created on the market to the requesting application. it's conjointly doable for the appliance to store knowledge into Tally info.
Using the identical interface, Tally has the aptitude to act with an internet Service delivering knowledge over communications protocol. during this situation, Tally behaves as a shopper retrieving associated storing knowledge into external info. the net Service capable of handling Tally Request/Response
is a layer between Tally and External info.
In this section, we'll be discussing the XML electronic communication Formats supported by Tally. the appliance and usage are going to be mentioned well within the section Integration exploitation XML Interface.
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