On 1st July 2020, after the adoption of a new definition of MSMEs, a new registration portal ‘Udyam Registration’ has been launched by M/o MSME and so far 41,37,443 classified MSMEs are registered on the portal.
Grants for Urban Local Bodies have been released as per the recommendations of the 15th Finance Commission. They are aimed at improving basic civic services including fulfilling location specific felt needs.
RBI had issued certain guidelines to enforce credit discipline amongst the borrowers as well as to facilitate better monitoring by the lenders. Now, the RBI has specified guidelines for implementation of the circular on Opening of Current A/c by Banks.
Certain elements are fraudulently using the name/logo of RBI, and seeking charges/commission/tax from the public, in transactions related to buying and selling of old banknotes and coins. It is clarified that RBI does not deal in such matters.
Entrepreneurs availed over 29.55 crore loans of Rs. 15.52 lakh crore under Pradhan Mantri Mudra Yojana since 2015. For the current financial year, a target of sanction of Rs. 3.00 lakh crore has been fixed for MLIs.
Dr Bhagwat Kisanrao Karad stated that the moratorium for the total period of six months up to 31st August 2020, was permitted in respect of all term loans (including agricultural term loans, retail and crop loans).
e-RUPI is a cashless and contactless instrument for digital payment. It is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries.
Shri Deepak Das, a 1986-batch Indian Civil Accounts Service officer, is appointed by the Government of India as the Controller General of Accounts, Department of Expenditure, Ministry of Finance, with effect from August 1, 2021.
CBDT has notified the omission of certain rules and forms including Rules 5A, 5AB, 6ABB, 12B, 12BA, 16D, 16DD, 16E, 16F, 18B, 18BB, 18BBA, 18DD, 18DDA, 20AB, 29AA, 29D, 37, 37E, 37F, 44A, 48, 123 and 124 via Income-tax (21st Amendment) Rules, 2021.
GoI has received Rs. 5,47,399 crore up to June 2021 comprising Rs. 4,12,680 crore os Tax Revenue, Rs. 1,27,317 crore of Non Tax Revenue and Rs. 7,402 crore of Non Debt Capital Receipts that includes Capital Receipts and Disinvestment Proceeds.
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