In its financial policy review on Thursday, the Reserve Bank of India provided the agreement to an RBI Loan Restructuring Scheme for stressed borrowers. A special window granting one-time loan restructuring to companies and individuals, it will give relief particularly to those affected by the Covid-19 pandemic. However, Under the COVID Loan Restructuring Scheme, consumers may get more delay … Read more
To offer some relief to taxpayers in the pandemic, the Central Board of Direct Taxes newly extend Income Tax Return Filing (ITR) date extended for Financial Year 19. On Wednesday, the government increased the period for ITR Filing for FY2018-19 by a month till July 31, 2020. The scheduled date for the income tax return … Read more
Jaguar Land Rover Fails Trademark Case Over Defender SUV in the UK court bid to get the trademark rights for the state of its iconic Defender SUV Trademark, freeing billionaire Jim Ratcliffe’s Ineos Group to go forward with the Grenadier off-road vehicle. A London court on Monday dismissed an appeal by JLR. The UK Intellectual Property Office had found … Read more
Due to the pandemic and the uncertain situation in the country, the food regulator has extended the deadline for the food license registration until December 31st this year. Gujrat Trader Federation (GTF) are representing the FSSAI extends the deadline for food license registration. Before this, the CEO of Food Safety and Standards Authorities of India (FSSAI) … Read more
Micro-Small & Medium Enterprises (MSMEs) provide largely in the socio-economic development of our country. Also, provide Key Benefits of MSME – CIBIL score Loans without Collateral. However, MSMEs comes under the Ministry of Micro, Small & Medium Enterprises and are expected to be registered to avail benefits under the Micro, Small and Medium Enterprises Development … Read more
The Government has once again revised the MSME threshold limit. Recently, under the newly announced Atmanirbhar Bharat Special economic & comprehensive relief package of ₹20 lakh crores, the Government had revised the definition of MSMEs and had given a new threshold limit for MSMEs. Now, the Ministry of Micro, Small and Medium Enterprises has again … Read more
In the series of diplomatic actions against China, now India will ban Chinese companies from taking part in the highway projects in India. Let us understand this update in detail. Reason for India ban on Chinese companies in highway projects After the clash in the Galwan valley, the relationship between India and China has … Read more
The government has now launched a mega-saving scheme: The Floating Rate Savings Bonds 2020. As we all know, due to COVID-19 Crisis, the rate on Savings Account and FD is decreasing every day. If you want to save your money or invest it, India’s Government has launched a new scheme for you. This scheme is … Read more
Good News for MSMEs! The enterprise registration process in India is now simple, convenient, and faster. The new enterprise registration with Aadhar card will begin on July 1, 2020. Let us know all the critical information regarding Enterprise registration with the Aadhaar card. How to get Enterprise registration with an Aadhaar card? Here are … Read more
The government had recently introduced a new definition for Micro, Small, and Medium Enterprises (MSMEs). This was based on investment as well as turnover. Government Introduces a New Definition of MSMEs However, notification left MSMEs in dilemma on how to compute the investment and turnover figure. This is necessary to find out the correct … Read more