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Category: Miscellaneous

Jul 18

New announcements of  Aatma Nirbhar Bharat Abhiyaan

Prime Minister, Mr. Narendra Modi, announced a special economic package of Rs 20 lakh crore.This note summarises the key measures proposed under the economic package. 1.Measures for businesses (including MSMEs) Financial Highlights Collateral free loans for businesses Corpus for MSMEs Subordinate debt for MSMEs Schemes for NBFCs Employee Provident Fund (EPF) Statutory PF contribution Street […]
Jul 4

NEW CRITERIA FOR MICRO, SMALL AND MEDIUM ENTERPRISES

The Central Government vide notification in the Official Gazette makes the following amendment in section 7(1) of the ‘Micro, Small and Medium Enterprise Development Act, 2006’ specifying the criteria for classification of micro, small and medium enterprises Enterprise Investment in Plant and Machinery not exceeding Rs. Turnover not exceeding Rs. Micro Enterprise 1 Crore 5 […]
Jun 13

Amendments Made By Finance Act 2020

Finance bill 2020 has received Presidential assent on 20th March and Become Finance Act 2020 , The provisions of the Finance Act 2020 (FA 2020) will now get incorporated in the Income-tax Act, 1961 (Act) from 1 April 2020, Exceptionally, a large number of amendments, about 59, have been incorporated by current Indian Government while passing FA 2020. Knowledge Paper Regarding […]
Jun 6

Amendment to Master Direction (MD) on KYC

May, 31st 2019 RBI/2018-19/190 DBR.AML.BC.No.39/14.01.001/2018-19 Government of India, vide Gazette Notification G.S.R. 108(E) dated February 13, 2019, has notified amendments to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. Further, an Ordinance, “Aadhaar and other Laws (amendment) Ordinance, 2019”, has been notified by the Government amending, inter alia, the Prevention of Money Laundering Act, […]