BUSINESS

Finance Minister announce measures for relief and credit support related to businesses, especially MSMEs to support Indian Economy’s fight against COVID-19. Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs Rs 20,000 crore Subordinate Debt for Stressed MSMEs Rs 50,000 crore equity infusion through MSME Fund of …

In a major initiative Union Ministry of MSME has launched CHAMPIONS portal www.Champions.gov.in, a Technology driven Control Room-Cum-Management Information System. The system utilising modern ICT tools is aimed at assisting Indian MSMEs march into big league as National and Global CHAMPIONS. The CHAMPIONS stands here for Creation and Harmonious Application …

The Government of India has announced the Sale (Re-issue) of (i) ‘6.18 per cent Government Stock, 2024’ for a notified amount of Rs 12,000 crore (nominal) through price based auction, (ii) ‘7.57 per cent Government Stock, 2033’ for a notified amount of Rs 11,000 crore (nominal) through price based auction, …

When the going gets tough, the tough gets going. It is truly believed by one of Central India’s renowned Branding and design consultants. Coronavirus has most definitely taken the world by storm, affecting each and every type of business of every scale, every Industry. As a result of the lockdown, …

The Central Board of Direct Taxes on April 13, 2020 issued a circular directing the employees to inform his/her employer of his/her intention to opt for new tax regime for the ongoing FY 2020-21. The employer have to deduct taxes from the employees salary accordingly. The Finance Minister said in …

Section 6 of the Income-tax Act, 1961 (the Act) contains provisions relating to residency of a person. The status of an individual as to whether he is resident in India or a non-resident or not ordinarily resident, is dependent, inter-alia, on the period for which the person is in India …

In view of the unprecedented humanitarian and economic crisis, the CBDT has decided that the implementation of new procedure for approval/ registration/notification of certain entities shall be deferred to 1st October, 2020. Accordingly, the entities approved/ registered/ notified under section 10(23C), 12AA, 35 and 80G of the Income-tax Act, 1961 …

Razorpay, the leading full stack financial solutions company, today announced that they will continue to hire for critical roles across Product and Engineering teams. In the wake of restrictions imposed due to the COVID-19 pandemic, an increasing number of businesses are considering adopting online payment methods. Razorpay is hiring for …

The Government of India and the Asian Infrastructure Investment Bank (AIIB) signed a US$ 500 million “COVID-19 Emergency Response and Health Systems Preparedness Project” here today to help India to respond to the COVID-19 pandemic and strengthen its public health preparedness. This is the first ever health sector support from …

In terms of the Government of India Notification No. F.No.4(4)-B/(W&M)/2020 dated April 13, 2019, Sovereign Gold Bonds 2020-21 (Series II) will be opened for the period May 11-15, 2020 with Settlement date May 19, 2020. The issue price of the Bond during the subscription period shall be Rs 4,590 (Rupees …