Community & General News
Retail and Wholesale Trade are now allowed to migrate to Udyam Registration Portal
08 July 2021 at 10:57The Ministry of MSME earlier notified that Retail and Wholesale Trade will now be included under the ambit of MSMEs. In this regard, RBI has notified that Retail and Wholesale Trade are now allowed to migrate to the Udyam Registration Portal.
Cabinet approves Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS)
30 June 2021 at 18:49On account of the disruptions caused by the second wave of COVID 19, especially on the healthcare sector, PM Modi has approved Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS) enabling funding to the tune of Rs. 50,000 crore.
Monthly Review of Accounts of Union Government of India for the month of May 2021 for the FY 2021-22
30 June 2021 at 18:46The Government of India has received Rs.3,54,787 crore for May 2021 comprising Rs. 2,33,565 crore Tax Revenue (Net to Centre), Rs. 1,16,412 crore of Non Tax Revenue and Rs.4,810 crore of Non Debt Capital Receipts.
FM asks ministries to front-load CapEx, clear MSME dues at the earliest
29 June 2021 at 20:58Finance Minister emphasised that enhanced CAPEX will play a critical role in revitalising the economy post-pandemic and encouraged the Ministries to front-load their capital expenditure.
Stimulus package of Rs 6,28,993 crore announced by FM Nirmala Sitharaman to support Indian economy in fight against COVID-19 pandemic
28 June 2021 at 17:36A Stimulus package of Rs 6,28,993 crore has been announced by Finance Minister Nirmala Sitharaman to support the Indian economy in the fight against the second wave of the COVID-19 pandemic.
Public Debt Management report for the quarter of January - March 2021
25 June 2021 at 22:28During Q4 of FY21, the Central Government issued dated securities worth Rs 3,20,349 crore as against Rs 76,000 crore in Q4 of FY20, while repayment was at Rs 29,145 crore.
RBI issues guidelines on distribution of dividend by NBFCs
25 June 2021 at 06:35RBI has decided to prescribe guidelines on the distribution of dividend by NBFCs. These guidelines shall be effective for declaration of dividend from the profits of the financial year ending March 31, 2022, and onwards.
Funds of Indians in Swiss Banks rise to over Rs 20,700 crore at the end of 2020 from Rs 6,625 crore at the end of 2019
19 June 2021 at 22:16Media reports allude to the fact that the figures reported are official figures reported by banks to Swiss National Bank (SNB) and do not indicate the quantum of much debated alleged black money held by Indians in Switzerland.
MSME Extends Validity of Udyog Aadhaar Memorandum from 31st March 2021 to 31st December 2021
18 June 2021 at 06:24Considering the hardships faced by MSMEs during the prevailing COVID-19 situation, the Ministry has extended the validity of Udyog Aadhaar Memorandum from 31st March 2021 to 31st December 2021.
Representation to RBI requesting relaxation in timelines from compliance with various reporting requirements by ICSI
16 June 2021 at 06:56Relaxation from compliance with various reporting requirements under the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 due to the second wave of the COVID-19 pandemic.
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