The Corona Virus outbreak in China initially impacted the supply chains of Indian industries which are dependent on China for import of components, intermediaries and raw materials. Thereafter, the Chinese production resumed during the year. However due to the global supply chain shocks on account of the pandemic, countries are seeking to build resilience in their supply chains to reduce over-concentration of import sources. The Government engaged with the Export Promo..
There is a high possibility of an introduction of a Covid Cess because we all know that the government has almost hit rock bottom due to the pandemic. Millions have lost jobs and the government is almost in a state of recession due to the state of which the pandemic got us. It is getting very difficult even for the government to operate in such a tight budget and it is most likely that a Covid Cess will be introduced in the new budget which is to be introduced tomorrow. Article 270 of The Consti..
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..
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..
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..
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..
ICSI delegation led by Vice President met Secretary, MCA and discussed various ongoing matters including various relaxations due to Covid 19 and way forward. ..
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..
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..
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 ..
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..
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..