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How to start a New Business in India - Necessary Steps to Take Care

In the current era of competitive market, every person wants to start its own business but due to inadequate knowledge and experience their business fails in starting 1-2 years. Either they fail due to cash crunch situation, wrong marketing strategies or due to non-compliance of law. During our day to day practice many youngsters contact us, that they want to start their own start-up but when we consult with them and let them know the process of starting a new business and its compliances and fu..

Posted in articles |   126 Views

The Lakshmi Vilas Bank Ltd. branches to operate as DBS Bank India Ltd. branches from November 27, 2020

The Government of India has today sanctioned the Scheme for the amalgamation of the Lakshmi Vilas Bank Ltd. with DBS Bank India Ltd. The amalgamation will come into force on the Appointed date i.e. November 27, 2020. All the branches of the Lakshmi Vilas Bank Ltd. will function as branches of DBS Bank India Ltd. with effect from this date. Customers, including depositors of the Lakshmi Vilas Bank Ltd. will be able to operate their accounts as customers of DBS Bank India Ltd. with ef..

Posted in news |   315 Views

Government announces auction for sale of Government Stocks

.auto-style1 { text-align: center; } MINISTRY OF FINANCE (Department of Economic Affairs) (BUDGET DIVISION) NOTIFICATION New Delhi, the 23rd November, 2020 Auction for Sale (Issue/Re-issue) of Government Stock (GS) F. No. 4(5)-B(W&M)/2020.—Government of India hereby notifies sale (Issue/Re-issue) of the following Government Stocks: Name of the Security Date of Original Issue Original Tenure (yy-mm-dd) ..

Posted in news |   374 Views

FM Smt. Nirmala Sitharaman says that the economy is facing a reset exercise

Finance Minister Smt. Nirmala Sitharaman says momentum of reforms continues during the pandemic and will continue; Economy is facing a reset exercise In the present pandemic times when the headwinds to growth have exacerbated, the reforms momentum has continued, and will continue in the future as well, said Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman while addressing the National MNCs Conference 2020 organised by the Confederation of Indian Industry (CII) here tod..

Posted in news |   667 Views

FM attends the G20 Finance Ministers virtual meeting, emphasis the need for affordability and accessibility of vaccines for all

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated in the G20 Finance Ministers virtual meeting here today. Finance Ministers of the G20 countries gathered to discuss their views on the global economic outlook and downside risks in wake of the COVID-19 crisis and how G20 could carry forward the collective global action initiated during the crisis. The Finance Minister emphasized the need for further efforts by the G20 members to end the crisis and highligh..

Posted in news |   54 Views

Indian Economy roars back post COVID-19 pandemic - Revival and Growth prospect in the Indian Market

Revival and Growth story and strategies for Indian Economy post COVID 19 crisis An unknown, invisible and unpredictable enemy which we call as “Corona Virus- COVID 19” has shaken not only the people but also the Economy of the whole World and 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, foreig..

Posted in articles |   1 comments |   381 Views

Ministry of I&B requests compliance of policy on FDI in digital media within a month

Union Ministry of Information and Broadcasting has today issued a public notice to facilitate eligible entities involved in uploading/streaming of news and current affairs through digital media, to comply with the decision of Union Government on 18th September 2019, which had permitted 26% FDI under Government approval route. In a Public Notice, available on its website, the Ministry has today laid out the detailed actions to be undertaken by eligible entities to comply with this decisio..

Posted in news |   184 Views

IFSCA releases the International Financial Services Centres Authority Regulations, 2020

The International Financial Services Centres Authority has released the International Financial Services Centres Authority (Procedure for Authority Meetings) Regulations, 2020. Read all the amendments made below: MINISTRY OF FINANCE (Department of Economic Affairs) (INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY) NOTIFICATION Gandhinagar, the 12th November, 2020 International Financial Services Centres Authority (Procedure for Authority Meetings) Regulations, 2020 IFSCA/2020..

Posted in news |   251 Views

Finance Commission presents a copy of its report to the PM for period 2021-22 to 2025-26

The Chairman and Members of the 15th Finance Commission today presented a copy of the Commssion’s report for the period 2021-22 to 2025-26, to the Prime Minister Shri Narendra Modi. The Commission had submitted its report to the President of India on 4 November 2020. Chairman Shri N K Singh along with Members of the Commission, Shri Ajay Narayan Jha, Prof. Anoop Singh, Dr. Ashok Lahiri and Dr. Ramesh Chand along with Secretary to the Commission Shri Arvind Mehta were present at the pres..

Posted in news |   435 Views

Issues when starting a new practice

The Initial struggle "Who is the new CA that these people have hired? Let me see how he takes my work", these words were clearly said to me by a senior member when I made my first client. "Sir I am much junior to you to take your work. It's just that management wanted another opinion, that's why they hired me" I replied patiently. Soon he had some closed-door meeting with the management and I was shown the door.  Not all CAs are like him, but yes..

Posted in articles |   5 comments |   1180 Views

IFSC Authority approves the International Financial Services Centres Authority (Banking) Regulations, 2020

A meeting of the International Financial Services Centres Authority (IFSCA) was held today. The IFSC Authority, after detailed deliberations, approved the International Financial Services Centres Authority (Banking) Regulations, 2020. Banking constitutes one of the major focus areas of IFSC and is expected to drive and facilitate the other constituent operations in the IFSC in due course. A self-contained regulation laying down the major principles of banking operations at IFSCs is thus an im..

Posted in news |   40 Views

IFSC's final report presented to IFSCA makes several recommendations for Banking, Insurance and Capital Markets segment

The IFSC International Retail Business DevelopmentCommittee was appointed by International Financial Services Centres Authority (IFSCA) on Aug 3, 2020 with a mandate to submit a report in three months’ time. The Committee had earlier submitted two interim reports covering banking and insurance and in the final report it included recommendations on Capital Markets. The terms of reference of the Committee were to create a roadmap for the development of international retail business in the IF..

Posted in news |   28 Views

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