Clipped from: https://www.business-standard.com/article/sme/cbdt-to-share-depreciation-turnover-info-of-small-biz-with-msme-ministry-120072001325_1.html The Central Board of Direct Taxes has signed a memorandum of understanding in this regard with the Ministry of Micro, Small and Medium
Month: October 2020
Eligibility to prepare e-invoice under GST based on PAN, says expert | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/eligibility-to-prepare-e-invoice-under-gst-based-on-pan-says-expert-120092101238_1.html One have to prepare e-invoice for all your supplies with effect from October 1, 2020, expert suggests Rule 48 (4) of CGST Rules,
Next set of asset quality woes for lenders to come from MSME segment | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/next-set-of-asset-quality-woes-for-lenders-to-come-from-msme-segment-120101401239_1.html Gross NPAs at 12.8 per cent in June are up 140 bps year-on-year, marking the sharpest surge across asset pools Worries over MSME
From arbitration to tax refund, here are the key court orders | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/from-arbitration-to-tax-refund-here-are-the-key-court-orders-120082000062_1.html Though Section 241A of the Income Tax Act allows withholding of refund to an assessee, such action should be based on “justifiable reasons”
From arbitration to pulses importers lose case, here’re key court orders | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/from-arbitration-to-pulses-importers-lose-case-here-re-key-court-orders-120090201780_1.html The Supreme Court ruled last week that the police cannot file FIR or investigate a case of violation of the Drugs and Cosmetics
Stimulus 2.0: Govt measures too little too late; may not move the needle | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/too-little-too-late-120101201541_1.html Minor tinkering and a reluctant increase in expenditure are unlikely to generate demand at a meaningful scale The progressive opening up of the
Growth Will Cure Ills of Monetisation–Economic Times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/growth-will-cure-ills-of-monetisation/ IMF chief economist Gita Gopinath’s advice against RBI monetising the fiscal deficit, citing implications for market confidence and inflation, errs on the side
Banks not willing to lend to small businesses: KVIC to approach finance ministry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/banks-not-willing-to-lend-to-small-businesses-kvic-to-approach-finance-ministry/articleshow/78680137.cmsSynopsis The KVIC has received several complaints about banks not agreeing to lend even to businesses with confirmed government orders. NEW DELHI: The Khadi
Banks need Artificial Intelligence for corporate lending: Krishnamurthy Subramanian, Chief Economic Advisor – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-need-artificial-intelligence-for-corporate-lending-krishnamurthy-subramanian-chief-economic-advisor/articleshow/78686042.cmsSynopsis Speaking at a virtual summit organised by Intel and Indian School of Business, he said lending to MSMEs (Micro, Small and Medium Enterprises)
Pay EMIs and credit card dues on time – How to go about improving your credit score in order to better your credit-worthiness | The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/how-to-go-about-improving-your-credit-score-in-order-to-better-your-credit-worthiness/slideshow/78634188.cms 1/5 What exactly is a credit score According to a report by ET, an individual’s credit score plays an important role in determining
Former Polaris Industries MD launches consultancy firm – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/former-polaris-industries-md-launches-consultancy-firm/articleshow/78719119.cmsSynopsis The new venture, launched on the International Day for Eradication of Poverty, which is observed on October 17 every year, also aims to
Amid tensions with China, India warns Amazon, Flipkart over country of origin rule – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/amid-tensions-with-china-india-warns-amazon-flipkart-over-country-of-origin-rule/articleshow/78718189.cmsSynopsis Amazon has often faced regulatory challenges in India. Last year, the government enforced strict rules for foreign investment in e-commerce which forced the
Covid-19: Government identifying 30 crore who will get vaccine on priority – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/covid-19-government-identifying-30-crore-who-will-get-vaccine-on-priority/articleshow/78713999.cmsSynopsis The list has four categories — around 50-70 lakh healthcare professionals, over two crore frontline workers, including police, municipal workers and armed forces,
Agri-reforms : The real gains from reforms in farming sector – The Financial Express
Clipped from: https://www.financialexpress.com/economy/agri-reforms-the-real-gains-from-reforms-in-farming-sector/2107806/ Apart from the immediate gains of unshackling the farm sector, what needs to be kept in mind is the potential it unlocks for
Pesticides to play crucial role of crop insurance as India strives to boost agriculture – The Financial Express
Clipped from: https://www.financialexpress.com/economy/pesticides-to-play-crucial-role-of-crop-insurance-as-india-strives-boost-agriculture-farm-sector-economy/2107780/ The recently proposed ban on 27 pesticides will result in a loss of almost 25 per cent to the pesticide industry in India.
3 lost years of India’s economy: Arvind Subramanian tells why India is not behind Bangladesh – The Financial Express
Clipped from: https://www.financialexpress.com/economy/3-lost-years-of-indias-economy-arvind-subramanian-tells-why-india-is-not-behind-bangladesh/2107887/ Arvind Subramanian said that the market exchange rates are not appropriate for welfare comparisons across time and countries because they may not adequately
RBI slaps crores of rupees of penalty on IndusInd Bank; says bank did not comply with these norms – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-slaps-crores-of-rupees-of-penalty-on-indusind-bank-says-bank-did-not-comply-with-these-norms/2107822/ RBI said that the penalty has been imposed on the basis of the deficiencies in regulatory compliance and is not intended to pronounce
Income Tax dept raids Chandigarh advocate who took Rs 217-crore cash from client – The Financial Express
Clipped from: https://www.financialexpress.com/india-news/income-tax-dept-raids-chandigarh-advocate-who-took-rs-217-crore-cash-from-client/2106738/ The Central Board of Direct Taxes, that frames policy for the tax department, alleged that the lawyer in one case “had received Rs
Government warns public against ‘mischievous’ activities of MSME Export Promotion Council – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/government-warns-public-against-mischievous-activities-of-msme-export-promotion-council/2107843/ The Ministry of Micro, Small and Medium Enterprises (MSME) issued a clarification in this regard alerting the public after taking strong note “of
Jet Airways’ lenders approve resolution plan after 16-month long wait – The Financial Express
Clipped from: https://www.financialexpress.com/industry/jet-airways-lenders-approve-resolution-plan-after-16-month-long-wait-bankrupt-firm-airline-aviation-sector/2107938/ Jet Airways went into bankruptcy in 2019 after it failed to repay mounting debt, reflective of the nation’s struggling aviation sector. Jet Airways’
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