Clipped from: https://economictimes.indiatimes.com/news/economy/finance/faceless-assessment-bucket-has-2-lakh-cases-35000-completed-cbdt-chief/articleshow/80707059.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Calling the faceless assessment scheme of cases brought under scrutiny a step towards ensuring “better” taxpayer services, the top-ranking officer said the necessity
Category: Budget
Skill India Mission target achieved, 1.07 cr trained till Jan 2021: Govt – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/skill-india-mission-target-achieved-1-07-cr-trained-till-jan-2021-govt/articleshow/80707509.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis As per the statement tabled by skills development minister Mahendra Nath Pandey in Rajya Sabha on Friday, 36.04 lakh candidates were trained under
Demand has moved beyond pent-up to actual one: RBI Governor Shaktikanta Das – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/demand-has-moved-beyond-pent-up-to-actual-one-rbi-governor-shaktikanta-das/2188929/ “Demand has now moved beyond pent-up demand to actual demand coming up. As the lock down gets steadily lifted and movements are allowed
FM does away with the need for GST Audit for a section of taxpayers–GST | BUDGET 2021: the economic times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/budget-2021-fm-does-away-with-the-need-for-gst-audit-for-a-section-of-taxpayers/articleshow/80681164.cms SynopsisThis will bring relief to SMEs that are struggling with the requirement for audits under numerous laws. A least expected yet positive development
RBI provides new incentives for commercial banks to lend to MSMEs–RBI MONETARY POLICY–the economic times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/monetary-policy-rbi-provides-new-incentives-for-commercial-banks-to-lend-to-msmes/articleshow/80701254.cmsSynopsis The move will facilitate more fund flow for a sector which has been facing acute financial crunch in the aftermath of the pandemic.
We are fast achieving pre-COVID-19 levels in exports: Commerce secretary – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/we-are-fast-achieving-pre-covid-19-levels-in-exports-commerce-secretary/articleshow/80682095.cmsSynopsis The secretary said measures like production-linked incentive scheme would expand the manufacturing base and that will take exports to the true potential. New
Ease of business in self-reliant India – Indirect tax budgetary changes – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/ease-of-business-in-self-reliant-india-indirect-tax-budgetary-changes/articleshow/80702962.cmsSynopsis It would not be an exaggeration to term this budget as balanced and progressive insofar as it has aimed to cater to the
labour: Budget 2021: FM races to fix flaws in labour model – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/budget-2021-fm-races-to-fix-flaws-in-labour-model/articleshow/80699369.cmsSynopsis The Finance Minister Nirmala Sitharaman’s first post-Covid budget had several measures to bring the unorganised working class into the mainstream economic fold. Thanks
Handle debt with care | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/handle-debt-with-care-121020402057_1.html Overall fiscal position can increase risks The fiscal deficit numbers announced in the Union Budget have surprised almost all analysts. According to the revised estimates,
Inflation, Budget and its implications: RBI’s two guiding forces on rates | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/inflation-budget-and-its-implications-rbi-s-two-guiding-forces-on-rates-121020500358_1.html The other signals expected from the policy related to the rollback of measures announced during the pandemic The guiding forces for Friday’s monetary
Spike in India bank’s stressed loans slower due to govt measures: Moody’s | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/spike-in-india-bank-s-stressed-loans-slower-due-to-govt-measures-moody-s-121020500796_1.html Ample domestic liquidity, loose monetary policy, moratoriums on loan repayments and government guaranteed loans to small businesses have supported Indian banks’ asset quality
Proposed ARC to be adequately capitalised, says CEA – The Financial Express
Clipped from: https://www.financialexpress.com/economy/proposed-arc-to-be-adequately-capitalised-says-cea/2188138/ Moreover, since the ARC-AMC will be a private entity, the decision-making is expected to be swift, as its proposals need not be vetted
Shot in the arm for banking reform–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/shot-in-the-arm-for-banking-reform/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The budget proposals to strengthen public sector banks
Key takeaways from the budget for businesses – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/key-takeaways-from-the-budget-for-small-businesses/articleshow/80666227.cmsSynopsis The government proposes to strengthen the NCLT framework, implement the e-courts system and alternate methods of debt resolution and special framework for MSMEs.
MCA amends definition of small companies, allows NRIs to incorporate One Person Companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/mca-amends-definition-of-small-companies-allows-nris-to-incorporate-one-person-companies/articleshow/80664903.cmsSynopsis The changes, announced by finance minister Nirmala Sitharaman during her budget speech on Monday, will come into effect from April 1, according to
FM doubles budgetary allocation for MSMEs, but one scheme gets the king’s share – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/fm-doubles-budgetary-allocation-for-msmes-but-one-scheme-gets-the-kings-share/articleshow/80680785.cmsSynopsis The Union Budget 2021-22 has earmarked an allocation of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises — more
FM does away with the need for GST Audit for a section of taxpayers–the economic times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/budget-2021-fm-does-away-with-the-need-for-gst-audit-for-a-section-of-taxpayers/articleshow/80681164.cms SynopsisThis will bring relief to SMEs that are struggling with the requirement for audits under numerous laws. A least expected yet positive development
Working to change people’s perception about I-T dept to being ‘tax facilitators’ : CBDT chief – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/working-to-change-peoples-perception-about-i-t-dept-to-being-tax-facilitators-cbdt-chief/articleshow/80688047.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Central Board of Direct Taxes (CBDT), the apex decision making body in matters of income tax, has taken up various taxpayer-friendly moves, including
Govt to start airport privatisation from April next year – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/govt-to-start-airport-privatisation-from-april-next-year/articleshow/80689497.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The Airports Authority of India (AAI) is examining a possibility of selling loss making airports along with a profitable one. NEW DELHI: The
Monetisation of freight corridor assets to be done in stages: Railway Minister Piyush Goyal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/railways/monetisation-of-freight-corridor-assets-to-be-done-in-stages-railway-minister-piyush-goyal/articleshow/80690173.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Finance minister Nirmala Sitharaman while presenting the budget on Monday said that the Indian Railways will go for monetising the DFC assets as
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