Research Report of Austria Introduction According to a World Bank report, Austria is currently a developed economy. This research will focus on the country’s economy. The country, located in the southern part of Central Europe, presently has nine federal states. Austria is one of the most developed countries in Central Europe.  The estimated population of the country as of the year 2020 is 25 million. Austria is ranked as one of the countries where the dependency level is very low. Austria ranks as one of the most exciting countries in Europe (World Bank, 2020).  Austria has remained an attractive country for investors. The stable political environment, as well as the presence of a booming economy, has attracted investors. Studies have shown that the tourism sector is one of the growing segments of the country’s economy. Austria’s Current GDP and Per Capita Income Austria’s GDP, as of the year 2018, stood at 50250 US dollars. In the same year, the per capita GDP was equivalent to 398 percent of the prevailing world’s average. Per capita GDP refers to the country’s income…

Everything that you need to know about MUDRA bank loan – FAQ What is a MUDRA loan? MUDRA loan or the Pradhan Mantri MUDRA Yojana is a Central Government flagship launched to generate business and income in India. MUDRA loan helps the micro and small-scale units to set up their business by providing funds up to a maximum of Rs: 10 lakhs. Who are all eligible for the MUDRA bank loan? Any Indian citizen who has valid documents to prove their identity and address can apply for MUDRA loan provided the funds required for their source of working capital does not exceed ₹10 lakhs. What are the necessary documents for applying the PM MUDRA loan scheme? Income proof, photo identity proof, address proof, bank statement of the last 6 months or 1 year (depending on the amount required), 2 recent passport size photos, MUDRA application form, and a loan application form. How does the Pradhan Mantri MUDRA Yojana scheme work? There are 3 types of loan facilities provided under the PMMY scheme – Shishu, Kishor, and Tarun. Shishu scheme provides…

some additional tips you can use to plan a cost-efficient wedding without breaking your bank The main concern that arises when you are planning a wedding is the budget. You may dream of having an incredible wedding, but you have reservations about going overboard with your preparations. So how do you create a memorable day that does not break the bank while also making you look like a cheapskate? The key to saving costs at a wedding is embracing flexibility. A good example is when choosing a wedding date. It is a fact that numerous weddings happen at the same time. You can reduce your spending by adjusting your wedding date to one where vendors are not busy, allowing you to drive a bargain for reduced costs. You may as well choose to look out for offers and bargains online such as the blue nile promo code that offers discounts on items such as wedding rings and earrings. Here are some additional tips you can use to plan a cost-efficient wedding without breaking your bank. Choosing a wedding venue Your…

Money and Banking Guidance for the Term Paper Writing a term paper is a learning and training process. Rather than simply deducting points for the mistakes made after it is turned in, I believe it is better and more useful to tell students the standard and criteria for the paper so that you will learn to do the right thing and fix those potential mistakes when writing it. Basically, this guidance is so designed that if you follow the instructions step by step, you should expect a full score or a very close one to it for your paper!   Deadlines: Late submission is subject to point deduction by the rule that 10% point is deducted if one day late, 20% points are deducted if 2 days late, …… .Note that you must turn in Final Draft as scheduled. First draft and the final draft. The first draft is mainly for feedback purpose. It will be “graded” with my comments for your further revision but it will not really count, except the late submission penalty. The final draft will count,…

 shadow banking, its operations, potential risks, and its development in the world Introduction The non-bank financial intermediaries can do their banking operations without following the traditional banking regulations. Market-based finances such as investment banks, money market funds, mortgage, among other services, are vital components of shadow banking. Also, shadow banking entails risky investment products and loan-shark operations that occur between individuals and business organizations. The shadow banking is a symbol of economic risks as it may fuel financial instability in the process. The shadow banks raise short term funds to buy assets in the money markets. Examples of the assets include mortgages with long term maturities and operate against traditional banking regulation. The securitization chain runs from the original mortgage that has been sold and comes back as a security that will be sold to the initial investors. In banking, shadow institutions do not operate with banking licenses as opposed to the traditional banks. Hedge funds, SIV, SPE, and repurchase agreements are some of the complex entities in the shadow banking regulations. The investors and borrowers are brought together through…

Factors to Consider When Hiring a Bankruptcy Lawyer To file bankruptcy is a hectic process, therefore looking for a qualified bankruptcy lawyer is crucial. When you want to handle such a case, it is necessary required that you have appropriate planning. It is also important that you have frequent follow up as this will make you get the best results in your bankruptcy claims. When you have opted to work with a bankruptcy lawyer, you will be assured of getting the best outcomes. Here are the tips to consider so that to pick the perfect bankruptcy attorney. The first thing you need to consider is the expertise of the bankruptcy lawyer. You will get the best outcomes when you have hired a bankruptcy lawyer who has more experience. The experience and skills of the lawyer are what will determine if your case will be successful or not. Therefore, you are supposed to check at the number of years that the bankruptcy attorney has been in practice. The attorney that had offered the services for many years will have the right…

The Riksbank and Swedish kronor The Riksbank is investigating whether Swedish kronor should be made available in electronic form. Accenture would build up the consumer-facing features of the e-krona. The initial contract will last for one year, but they were willing to conduct at least seven years of testing. The use of banknotes and coins in society is growing. At the same time, there is rapid progress in technological advances in digital cash and payment methods. Therefore, the Riksbank is investigating whether Swedish kronor, should be made available in electronic form. Albeit, no decisions on issuing an e-krona have been made as of now. The Riksbank has the task of fostering a safe and efficient payment system, a job that could be more complicated if many households and businesses no longer use money in the future as a means of payment. Therefore, the Riksbank needs to consider the role it should play in a growing digital world. In the spring of 2017, Riksbank launched a project to check the scope to issue a digital central bank currency (CBDC), a so-called…

The Bank of America The Bank of America eyes for a new program scheduled for our employees to better their competence. In our organization, ability and skills is a highly valued aspect, especially in improving knowledge and expertise across employees and for the better of the society. In collaboration with Skyline Community College, we aspire to facilitate a more effective and viable learning program that will secure the quality provision of services in our organization. Employees are requested to enroll in the program to ensure an effective and systematic transition to new working protocols and standards. The fees per semester are $180, and as The Bank of America, we remain focused on ensuring the employees are provided with a free program as the bank caters to the payments. The viability of the program highly relies on employees to enroll in the project as well as coordinate with other stakeholders for a quality outcome. The minimum qualifications for enrollment in the program are a grade C. failure to possession of the minimum requirement an employee will incur the cost of education.…

The South African Reserve Bank (SARB) New Digital currency regulations will be adopted at some point during the first half of 2020. Several banks are likely to begin clamping down on cryptocurrency exchanges and companies relevant to cryptocurrency. New regulations are likely to implement to prevent users from evading currency controls. The South African Reserve Bank (SARB) — the central bank of the nation — is expected to impose new rules on the use of digital currencies to prevent users from evading currency controls.   Cryptocurrencies have proved popular in South Africa, with 10.7 percent of the country’s citizens owning crypto, the highest in any surveyed region. The instability of the South African rand, which is one of the most unstable currencies in the world, caused customers to search for money security.   Cross-border payments are a contributing factor in the country’s crypto popularity, particularly given that remittances are often sent to 15 other countries on the continent from countries like South Africa in what is known as the Southern African Development Community.   Most South African crypto exchange Luno…

Tips For A Financial New Start After A Bankruptcy, Divorce or Unemployment Period   Even the most common of adult life setbacks (the failing of a business venture, a period of unemployment or end of a marriage) can have catastrophic effects on your finances. Fortunately, it is possible to bounce back, even when crippled with debts: with earning prospects and consistent discipline, you may be able to get past your immediate problems. By acquiring financial insight from an advisor, or creating “rainy day” savings, you can also ensure you never find yourself in that situation again. Here’s all you need to know.   Getting Past The Shame Of A Bankruptcy   The most daunting part of setting up a business is eventually facing bankruptcy. Having been raised to meet financial responsibilities, most Americans will associate paying bills to overall respectability. However, a Findlaw.com May 2011 survey found that 1 in 8 American adults have considered filing for bankruptcy.   With a rapidly changing, volatile economic forces, it isn’t always possible to pay all our bills, let alone all our debts.…