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Union Budget 2021 | What will be the impact of COVID-19?

Due to the COVID-19 pandemic, the economy has taken a backtrack and the government has been adversely affected in almost all sectors of India. India hit recession due to COVID-19 and reported the lowest GDP with a loss of around 40 million jobs. The pandemic has made the government rethink their allocations for the union budget of 2021. Here are a few sectors that have been most affected and the government must pay special attention to these sectors: Education Sector The disruption in t..

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COVID 19 impact in MLM Business

In this pandemic world caused by COVID-19, the world's economy in most of all sectors and businesses are still on the depression stage and trying to survive and adapt to the change. They suffer a lot of challenges caused by social distancing and freeze all business operation. Despite these, MLM business is one of the business sectors that suffer less impact from this pandemic age and some MLM companies are still expanding. Some Multi-Level Marketing distributors are proposing new investor..

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MCA issues Clarification on spending of CSR funds for Awareness and public outreach on COVID-19 Vaccination programme

General Circular No. 01/2021  E-file no. CSR-10/9/2020-CSR-MCA  Government of India  Ministry of Corporate Affairs  5th Floor, 'A' Wing, Shastri Bhawan,  Dr. R. P. Marg, New Delhi - 110 001  Date: 13th January 2021  To,  The DGCoA,  All Regional Directors,  All Registrar of Companies,  All Stakeholders.    Subject: - Clarification on spending of CSR funds for Awareness and public outreach on COVID-19 Va..

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Covid-19 Pandemic & Its Aftermath - How Indian Economy be facing the future?

The term 'COVID 19' now is the not-so-new buzzword of the town. Amid restrictions and precautions, let's have a look at how the economy at large is affected. More particularly let's talk about sectors such as Real Estate & Infrastructure, FMCG, IT Sector, etc. As per the International Monetary Fund - the Indian economy which was predicted to grow at 2% will now wince by 4.5%. This is more a matter of paradox since the Indian economy has not contracted since 1979. The benef..

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ICSI discusses various relaxations that can be done due to COVID-19, with MCA

  ICSI delegation led by Vice President met Secretary, MCA and discussed various ongoing matters including various relaxations due to Covid 19 and way forward. ..

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How has COVID-19 impacted the Finance vertical of the MSME Sector?

According to the Annual Report of the Department of MSME (2018-19), there are 6.34 crore MSMEs in the country. The MSME sector contributes around 6.11% of the manufacturing GDP and 24.63% of the GDP from service activities as well as 33.4% of India’s manufacturing output by creating employment for around 120 million people and around 48% of the overall exports from India. The MSME sector helps in achieving inclusive growth by providing Rural Entrepreneurship, Non-agricultural livel..

Posted in articles |   1443 Views

Revival and Growth story and strategies for Indian Economy post COVID 19 crisis

An unknown, invisible, and unpredictable enemy which we call "Corona Virus - COVID 19" has shaken not only the people but also the Economy of the whole World, and the Indian Economy is not aloof. The COVID 19 crisis has not only affected the small businesses and MSME sectors but also it has hit the large industries and companies around the world and India has been no exception to this. Due to this, foreign investors are afraid of starting an Indian Subsidiary or making any other invest..

Posted in articles |   1014 Views

Is the Union Government also facing huge losses amidst COVID-19?

Monthly Review of Accounts of Union Government of India up to the month of September 2020 for the Financial Year 2020-21 The Monthly Account of the Union Government of India up to the month of September 2020 has been consolidated and reports published. The highlights are given below: Consolidated Account of the Union Government (1.4.2020 – 30.9.2020) EXPENDITURE Amount in INR Crores RECEIPTS Amount in INR Crores ..

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Is the COVID-19 period, a right time to buy your dream house?

The COVID-19 pandemic has dipped the Indian economy to a large extend. Sectors like Tourism, Banking, Real Estate are in danger zone. However, the Government and RBI have come out with various options for homebuyers, in order to boost the Real Estate and Banking Sector like: Reduction in CRR and SLR, which has caused to reduce the bank loan interest rate; and Extension in the Pradhan Mantri Awas Yojana (PMAY) for MIG-I and II categories peoples. Now, the Homebuyers have fo..

Posted in articles |   1 comments |   3324 Views

Chartered Accountancy and Anxiety - How to effectively approach the Nov/Dec 2020 CA Examinations amidst COVID-19?

The year 2020 has taken a toll on the mental health well being of most people. While CA aspirants are in general extremely anxious and stressed about their exams, being locked in your house in the middle of a pandemic makes the situation even worse. All this, coupled with the cynicism and negativity that revolves around the CA exams, students are bound to get anxious. With barely any time left for your exams, we uncover ways to effectively approach the Nov/Dec 2020 CA Examinations and ta..

Posted in articles |   1 comments |   15024 Views

Impact of COVID 19 on startups

The number of jobs self-reported by DPIIT Recognized startups, as on 6th September 2020, year-wise, for the last three years is as follows. No data on contribution to GDP by Start-ups is maintained by the Department for Promotion of Industry and Internal Trade. Calendar Year Number of Jobs Reported by Recognized Startups 2017 49648 2018 95338 2019 154..

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ICAI extends the validity of the Registration Period due to the merging of May and Nov 2020 examinations amidst the COVID-19 pandemic

ANNOUNCEMENT Extension of validity of Registration Period on account of cancellation and merging of May 2020 examination with November, 2020 examination due to outbreak of COVID-19. Students at all levels may please note that the Institute on account of cancellation and merging of May 2020 examination with November, 2020 examination due to Covid-19 pandemic as a one-time measure has granted upto one year extension in the validity period of registration at all levels. In other words, studen..

Posted in news |   3 comments |   9483 Views

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