Others News

Retail and Wholesale Trade are now allowed to migrate to Udyam Registration Portal

08 July 2021 at 10:57

The 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.

Posted in Others | 2280 Views

Cabinet approves Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS)

30 June 2021 at 18:49

On 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.

Posted in Others | 1278 Views

Monthly Review of Accounts of Union Government of India for the month of May 2021 for the FY 2021-22

30 June 2021 at 18:46

The 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.

Posted in Others | 1230 Views

FM asks ministries to front-load CapEx, clear MSME dues at the earliest

29 June 2021 at 20:58

Finance 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.

Posted in Others | 975 Views

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 17:36

A 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.

Posted in Others | 2532 Views

Public Debt Management report for the quarter of January - March 2021

25 June 2021 at 22:28

During 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.

Posted in Others | 1563 Views

RBI issues guidelines on distribution of dividend by NBFCs

25 June 2021 at 06:35

RBI 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.

Posted in Others | 1575 Views

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 22:16

Media 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.

Posted in Others | 2 comments | 4878 Views

MSME Extends Validity of Udyog Aadhaar Memorandum from 31st March 2021 to 31st December 2021

18 June 2021 at 06:24

Considering 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.

Posted in Others | 9801 Views

Representation to RBI requesting relaxation in timelines from compliance with various reporting requirements by ICSI

16 June 2021 at 06:56

Relaxation 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.

Posted in Others | 1266 Views