DPIIT Secretary, Ministry of Commerce and Industry, Dr. Guruprasad Mohapatra today said that the Budget 2021-22 has proposed various measures to reduce regulatory compliance burden.
Dr. Guruprasad Mohapatra said that the Union Budget 2021 is aimed at restoring growth in the aftermath of heavy economic losses suffered by the country due to Covid-19 pandemic by enhancing the investment ecosystem in the country.
Union Minister Dr Jitendra Singh says, Union Budget reflects Prime Minister’s vision for "Minimum Government, Maximum Governance".
During the fiscal 2021-22, the MCA will launch data analytics driven MCA21 Version 3.0. This Version will have additional modules for e-Adjudication, e-Consultation and Compliance Management.
Monetary Policy Statement 2020-21 released as per the decisions taken by the Monetary Policy Committee (MPC) in its meeting on 5th February 2021.
Developmental and regulatory policy measures on (i) liquidity management and support to targeted sectors; (ii) regulation and supervision (iii) deepening financial markets; (iv) upgrading payment and settlement systems and (v) consumer protection.
Going forward, the Indian economy is poised to move in only one direction and that is upwards. It is our strong conviction, backed by forecasts, that in 2021-22, we would undo the damage that COVID-19 has inflicted on the economy.
W.e.f. 1st January 2021, two options are available to the taxpayers who are under the QRMP Scheme for tax payment for the first 2 months of a quarter i.e Fixed Sum Method and Self-Assessment Method.
The Institute of Company Secretaries of India (ICSI) implemented its New Training Structure on 3rd February, 2021, as per Regulation 46BA and 46BB under The Company Secretaries (Amendment) Regulations, 2020.
Rate of exchange of one unit of foreign currency, equivalent to Indian rupees, which will be in effect from 5th February 2021, as per the notification released by CBIC.
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