Category: Economic Times

Why forex reserves are important for any growing economy?

What are forex reserves? Forex reserves also known as foreign exchange reserves are a country’s resources. They are a country’s assets in the central bank of the respective country. The denomination is not local currency.  These financial assets are in foreign currency. Usually, it is in US dollars, given that it is the most traded […]

What you Know about your PAN Card?

PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN stands for Permanent Account Number. A PAN card is a valuable means of photo identification accepted by all Government and non-Government institutions in the country. It is mandatory to have a PAN for conducting financial transactions such as filing for Income […]

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