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No Extension of the Financial Year

No Extension of the Financial Year

There is a fake new circulating in some section of media that the Financial Year has been extended. A notification issued by the Government of India on 30th March 2020 with respect to some other amendments done in the Indian Stamp Act is being misquoted. There is no extension of …

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Ministry of Corporate Affairs introduces the “Companies Fresh Start Scheme, 2020” and revised the “LLP Settlement Scheme, 2020” to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19

Ministry of Corporate Affairs introduces the “Companies Fresh Start Scheme, 2020” and revised the “LLP Settlement Scheme, 2020” to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19

In pursuance of the Government of India’s efforts to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19, the Ministry of Corporate Affairs (MCA), has introduced the “Companies Fresh Start Scheme, 2020” and revised the “LLP Settlement Scheme, 2020” which is already …

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L&T Supports India’s Fight Against COVID-19

L&T Supports India's Fight Against COVID-19

Larsen & Toubro, India’s leading technology, engineering, construction, manufacturing and financial services conglomerate, is committed to participate in corporate India’s response to COVID-19 through funds, community welfare plans and through leveraging its expertise to offer assistance. Responding to the call given by Hon’ble Prime Minister of India, the company will …

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Premium payment period for Postal Life Insurance & Rural Postal Life Insurance extended upto 30th April 2020

Premium payment period for Postal Life Insurance & Rural Postal Life Insurance extended upto 30th April 2020

In view of the threat posed by the outbreak of Corona Virus (COVID-19), and the complete lockdown across India, Directorate of Postal Life Insurance(PLI), Department of Posts, Ministry of Communications has given an extension of period for payment of their due premium of March 2020 upto 30th April 2020 without …

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Finance Commission constitutes Committee to Review Fiscal Consolidation Roadmap of the General Government

Finance Commission constitutes Committee to Review Fiscal Consolidation Roadmap of the General Government

The Chairman of the Fifteenth Finance Commission, has constituted a Committee to review the fiscal consolidation roadmap of the general government. The Terms of Reference of the Committee are – The Committee shall make recommendations on the definition of deficit and debt for the Central government, overall states, the General …

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Agreement between India and Brunei for Exchange of Information notified

The Agreement between the Government of the Republic of India and the Government of Brunei Darussalam for the exchange of information and assistance in collection with respect of taxes (hereinafter referred to as the Agreement), was signed in New Delhi, India on 28th of February, 2019. The Agreement has been …

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More than Rs 20,000 crores of loans sanctioned under Stand Up India Scheme since inception

Rs 20,466.94 crores of loans have been sanctioned under Stand Up India Scheme to over 91,000 accounts upto 10.03.2020 since inception of the Scheme. This was stated by Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today. …

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1.59 lakh Sub-Service Areas covered with at least one bank branch under Pradhan Mantri Jan-Dhan Yojana

Under Pradhan Mantri Jan-Dhan Yojana (PMJDY), all villages were mapped by banks into 1.59 lakh Sub-Service Areas (SSAs) with one SSA catering to 1,000 to 1,500 households. This was stated by Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question in …

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Start-Up India Scheme regarding Animal Husbandry

For employment generation and promotion of entrepreneurship in dairy and small ruminant sector especially in rural areas, the Government is implementing two schemes, namely; Dairy Entrepreneurship Development Scheme (DEDS), and Entrepreneurship Development and Employment Generation (EDEG) across the country including Madha Lok Sabha Constituency of Maharashtra. Besides, in order to …

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Mobile phone prices to go up as GST Council raises tax to 18%

Mobile phone prices to go up as GST Council raises tax to 18%

The 39th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Nirmala Sitharaman here today . The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Anurag Thakur besides Finance Ministers of States & UTs and seniors officers of the Ministry …

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