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Employees Provident Fund Support for business and organised workers The scheme introduced as part of PMGKP under which Government of India contributes 12% of salary each on behalf of both employer and employee to...
No Global tenders for Government tenders of uptoRs 200 crore Global tenders to be disallowed upto Rs 200 crores • Indian MSMEs and other companies have often faced unfair competition from foreign companies.• Therefore,...
Definition of MSME will be revised by raising the Investment limit. An additional criteria of turnover also being introduced. The distinction between manufacturing and service sector will also be eliminated. Low threshold in MSME...
Rs 50,000 cr. Equity infusion for MSMEs through Fund of Funds Govt will set up a Fund of Funds with a corpus of Rs 10,000 crore that will provide equity funding support for MSMEs....
Provision made for Rs. 20,000 cr subordinate debt for two lakh MSMEs which are NPA or are stressed. Government will support them with Rs. 4,000 Cr. to Credit Guarantee Trust for Micro and Small enterprises (CGTMSE). Banks are expected to provide...
Rs 3 lakh crores Collateral-free Automatic Loans for Businesses, including MSMEs. In order to provide relief to Business In the press conference here today, Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman...
Reduction in Rates of ‘Tax Deduction at Source’ and ‘Tax Collected at Source‘ In the press conference held 13/05/2020, Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman Reduction in Rates of ‘Tax Deduction...
Audit – meaning Audit is an independent examination of data. The dictionary meaning of the term “audit” is check, review, inspection, etc. There are various types of audits prescribed under different laws like company...
35th GST Council Meeting was held on 21 June 2019 at New Delhi, after a long gap of more than three months. This was the first council meeting chaired by the re-elected government and...
31st GST Council meeting will be held today to discuss issues related to ease of filing of returns, refund processes and cutting GST rates on some items. *WHISPERS – Under active consideration in GST...