Varun Saharawat, Author At PW Blogs

Differences Between Cost Accounting vs Financial Accounting

Cost Accounting vs Financial Accounting: Have you ever wondered how businesses track their costs and profits differently? This brings us to the intriguing comparison of cost accounting vs financial accounting. While both are essential for understanding a company’s finances, they serve distinct purposes. Cost accounting focuses on tracking and controlling the costs involved in producing …

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Neo Banks in India: All You Need To Know

BFSI / By Varun Saharawat

Neo Banks: Ever thought about how banking could be faster, simpler, and more tech-savvy? Meet Neo Banks—the digital-only financial institutions that are revolutionizing banking system in India. These neo banks provide all the essential services of traditional banks like savings accounts, loans, and money transfers, but with no physical branches. Accessible via mobile apps and …

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What is Digital Banking: Features, Types, and Benefits

BFSI / By Varun Saharawat

Digital Banking: Have you ever thought about how banking has evolved over the years? Digital banking has completely transformed the way we manage our finances today. Gone are the days of waiting in long queues at the bank—now, with online digital banking, you can access your account, make transactions, and even withdraw cash with just …

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What is Taxation? Definition, Types, Objectives and Principles

Tax and Accounting / By Varun Saharawat

Taxation: Ever wondered how governments fund public services or run a country? The answer lies in taxation. Taxation is the process where governments collect money from individuals and businesses to meet national expenses. In India, taxes are levied under two main categories: direct taxes and indirect taxes. As Albert Einstein said, “The hardest thing in …

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What is a Bank? Definition, Types, Characteristics and Trends

BFSI / By Varun Saharawat

Curious about what a bank really is and how it works? Let’s define a bank and explore its importance in our daily lives. A bank is an organization that takes deposits, grants loans, and provides a range of banking services such as savings accounts and investment options. But what is the meaning of bank beyond …

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5 Objectives of Taxation You Should Know

Tax and Accounting / By Varun Saharawat

Objectives of Taxation: Have you ever considered why we pay taxes and how they shape our economy? Taxation serves purposes beyond merely generating revenue for the government. Taxes are a powerful tool in shaping economic policies, impacting everything from production to income distribution. As Oliver Wendell Holmes Jr. said, “Taxation is the price we pay …

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Merchant Banks: All You Need to Know

BFSI / By Varun Saharawat

Merchant Bank: What makes a Merchant Bank essential for corporate growth? Merchant banks specialize in offering financial services like fundraising, financial advising, and loans, catering exclusively to large corporations and industries. Known for their expertise in international trade and complex financial transactions, they help businesses with mergers, acquisitions, underwriting, and advisory services. Merchant banking in …

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What is Finance? A Guide for Beginners

Finance / By Varun Saharawat

Want to know how finance impacts your business and life? Finance is the management of money, investments, and financial decisions. It includes key activities like saving, borrowing, budgeting, and investing. Here, we’ll provide a simple finance definition and explain how does finance work. You’ll learn about the importance of finance in ensuring business stability and …

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Principles of Taxation

Tax and Accounting / By Varun Saharawat

Principles of taxation guide fair and effective tax systems. Key principles include equity, certainty, convenience, and efficiency to ensure just revenue collection and economic balance.

Bank Overdraft: Meaning, Features, Types, and Advantages

BFSI / By Varun Saharawat

Bank Overdraft: Ever thought about how you can keep making transactions even when your account balance is zero? That’s where a bank overdraft comes in. It’s a financial tool that allows you to withdraw more money than you have in your account, up to a set limit. The bank overdraft meaning is simple: it’s an …

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