Financial Policy refers to a set of guidelines and principles that govern how an organization manages its financial resources. This includes the allocation of funds, budgeting, investment strategies, and financial risk management. The primary aim of a financial policy is to ensure the organization achieves its financial objectives while maintaining fiscal responsibility and compliance with legal and regulatory requirements. It establishes the framework for decision-making related to financial operations, ensuring that resources are used efficiently and effectively to support the organization’s mission and goals. Financial policies often cover areas such as spending limits, approval processes for financial transactions, debt management, and reporting requirements, providing clarity and consistency in financial practices.
As February 1 approaches, India's fintech leaders are eagerly anticipating the Union Budget for the financial year 2025-26, hoping for initiatives that will elevate their industry and support underserved communities.…