In order to achieve the one nation, one standard, promote start-ups in every district, establish a start-up innovation zone at the level of urban local bodies, and encourage Indian speciality products by developing premium international brands, a new industrial policy that will replace the one from 1991 is being proposed. In order to boost MSME…
Read More “New Industrial policy aims to focus on one nation-one standard” »
As a result of the removal of all promoter directors from the board of directors by the national company law tribunal (NCLT), which was done to protect the firm from bad management, Atlas Cycle will now be run by a new group of individuals. Six independent directors have been appointed in the public interest to…
Read More “NCLT removes Atlas Cycles’ board and names six new directors.” »
As 2023 approaches, all eyes will be on the impending Budget 2023, which will be announced on February 1 by Union Finance Minister Nirmala Sitharaman. Professionals and salaried taxpayers alike anticipate a number of tax relief measures from the budget. However, a lot of experts think that the Budget may not contain any significant announcements. …
Read More “Income Tax Relief – Change in Income Tax Slab Rate and TDS Rate in Budget 2023” »
Income tax slabs applicable to income earned from running a proprietorship business or via professional services are the same as the slabs applicable to other types of income example salary income but the slabs/rates are different for partnerships and companies. Income tax on salaried individual is charged as per the slab rate on the basis…
Usually, employees covered under the Employees Pension Scheme (EPS) know that they are eligible for a pension from the age of retirement. However, not many know that if they have been covered under the Employee’s Provident Fund (EPF) for more than 20 years, they are also entitled to a bonus. This bonus is given in…
Read More “Worked for more than 20 years under EPF scheme?” »
In order to commemorate the enactment of the Customs Act of 1962, the Central Board of Indirect Taxes and Customs (CBIC), Government of India, held a celebration today. Smt. Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs, served as the event’s Chief Guest, and Shri Pankaj Chaudhary, Union Minister of State for Finance, served…
Read More “CBIC honours the 60th anniversary of the Customs Act of 1962” »
Central bank digital currencies were a curiosity five years ago. They’re now a fad. In addition to the 11 that are already using them, more than 40 economies are running pilots or are in the preliminary development phase. As interest in these new-age payment tools grows, previously unasked questions about them begin to surface. Some…
Shaktikanta Das, governor of the Reserve Bank of India, announced an additional function for Unified Payments Interface (UPI) platforms that would allow for multiple debits. In his address at the conclusion of the three-day Monetary Policy Committee (MPC) meeting, Mr. Das was effusive in his praise for the digital payment system. “UPI has emerged as…
There has been a lot of talent in the start-up circle for an overall funding winter, a period when funding indian startups has proven difficult. Looking back at recent years, 2020 and 2021 were excellent years for funding. Despite the start of COVID-19, there was no significant drop in funding in 2020, so keep an…
Read More “Is funding winter a reality for Indian startups?” »
EPFO’s provisional payroll data, released on November 20th, 2022, shows that the organisation added 16.82 lakh net members in September 2022. A year-on-year comparison of payroll data shows a 9.14% increase in net membership addition in September 2022 compared to the same month last year in 2021. The net enrolment for the month is 21.85%…
Read More “The EPFO adds 16.82 lakh net members in September 2022.” »
