One of the most debated topics in competitions and group discussions is Indian Culture Vs Western Culture. They are diametrically opposite to each other. As a coin has two sides, both cultures all have some merits and demerits. Indian culture is a mix of diversities in customs, rituals, traditions, language, etc., that varies from region to region within the country. It is one of the oldest and a combination of various cultures. On the other hand, Western culture, it is quite advanced and … [Read more...]

WhatsApp is an application, specially created for smartphones, which allows its users to perform fast messaging. Now, if we talk about Facebook, it is quite different, it allows its users to share and post their personal moments, feelings and emotions with their friends at the same time along with messaging. In olden times when there are no means of communication, people either used to travel a million miles just to inform about a small thing or they have to send letters to their friends and … [Read more...]

Award and Reward sound same but their meanings are quite different. Although, both are valuable for any person as they give a sense of satisfaction and respect, in return for their work. An Award is conferred in front of the mass public for excellence, but Reward may or may not be given in public, it is a kind of compensation given to a person for their good work. An award can be understood as the prize or any other equivalent mark of recognition, endowed to honor an achievement. On the other … [Read more...]

Gone are the days, when only the Public Sector was prevalent in the economy. At present, many countries have adopted the policy of Privatisation, through which Private Sector is also gaining importance. For the progress and development of any country, both the sectors must go hand in hand as only one sector cannot lead the country in the path of success. The private sector comprises of business which is owned, managed and controlled by individuals. On the contrary, public sector comprises of … [Read more...]

Every assessee wants to escape from paying taxes, which encourages them to use various means to avoid such payment. And when it's about savings if taxes, the two most common practices that can be seen all around the world are tax avoidance and tax evasion. Tax avoidance is an exercise in which the assessee legally tries to defeat the basic intention of the law, by taking advantage of the shortcomings in the legislature. On the contrary, tax evasion is a practice of reducing tax liability … [Read more...]

We greatly encounter moral and ethical issues, in our day to day life. Perhaps, these two defines a personality, attitude, and behavior of a person. The word Morals is derived from a Greek word "Mos" which means custom. On the other hand, if we talk about Ethics, it is also derived from a Greek word "Ethikos" which means character. Put simply, morals are the customs established by group of individuals whereas ethics defines the character of an individual. While morals are concerned with … [Read more...]

Nowadays, becoming vegan or vegetarian is in vogue. Vegetarian is a very old concept, especially for the followers of Hinduism. For Hindus it is a tradition or say ritual, to avoid use of meat, flesh or eggs in the diet, which starts right from the birth of a child and continues till he survives. Vegan is relatively a new concept, which came into being due to the maltreatment of animals for satisfying human needs. Therefore, veganism is for social good and it is like a revolution for the … [Read more...]

Life insurance refers to insurance, which covers the human life, i.e. in the event of death, a certain amount is paid to the nominee or beneficiary. There are various types of life insurance products offered by life insurance companies, of which the two important ones are whole life insurance and term life insurance. Whole life insurance is a type of protection plan, wherein insurance of life is for an unspecified period. On the other hand, term life insurance is a pure protection insurance, … [Read more...]

Non-profit organizations are the association of persons organized with an aim other than making a profit, such as to promote religious, cultural or educational objectives. In these organizations, no profit is distributed or transferred to the members, directors or trustees. It is often juxtaposed with non for profit organization, which is set up for the welfare of the society and provide service to a particular group or public in general. Profit is not the primary motive of all the … [Read more...]

Insolvency can be defined as a financial condition, where an individual or entity is unable to meet the financial obligations as they are due for payment. It is often confused with the term bankruptcy, but they are different. Bankruptcy is a situation when the court of law has declared the insolvency of a person or entity and passed orders for its resolution, i.e. the property of the bankrupt is disposed off, so as to pay creditors. In other words, the fundamental difference between … [Read more...]