Category: Government Business

FINTECH SECTOR

wealth4india December 16, 2021

With Fintech adoption rate at 87% against the global average of 64%, India has emerged as one of the largest digital markets in the world. Fintech Sector has huge potential in India, supported by an enabling policy and digital infrastructure framework. As per industry estimate, India has over 676 million smartphone users, over 1.2 billion telecom subscribers …

Ministry of MSMEs Extends Validity of Udyog Aadhaar Memorandum

wealth4india June 18, 2021

Ministry of Micro, Small and Medium Enterprises has issued an amendment to the original notification No. S.O. 2119 (E) dated 26.06.2020 vide 2347(E) dated 16.06.2021, extending the validity of EM Part-II and UAMs from 31.03.2021 to 31.12.2021. This would facilitate the holders of EM Part-II and UAMs to avail benefits of the provisions under various …

Aatma Nirbhar Bharat, Government Business, Marketing, Media, MSME

GeM providing increasing market access to seller groups like MSEs, Women SHGs and Startups to reinforce the Make in India Initiative

wealth4india June 17, 2021

GeM has facilitated 67.27 lakh orders worth 111,113 Crores from 18.85 lakh registered sellers and service providers for 52,275 Govt buyers.

Dedicated Helpdesk by CBIC for Handholding Trade, Industry and Individuals

wealth4india April 27, 2021

Central Board of Indirect Taxes and Customs (CBIC) has set up dedicated helpdesk to handle queries related to Covid related Imports and handhold the trade, industry and individuals for expeditious customs clearance. As you are aware, the Government of India is committed to ensure seamless and quick customs clearance of COVID related imports, so that …

CBIC, Government Business, Income Tax, Marketing, Media
covid related imports, Government of India, local level nodal officers, trade

Cabinet approves Memorandum of Understanding between the Institute of Chartered Accountants of India and Chartered Accountants Australia and New Zealand

wealth4india April 21, 2021

The Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved a fresh Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) & Australia and New Zealand (CA ANZ). Impact: The MRA intends to develop mutually beneficial relationship in the best interest of members, students and their organizations and is expected …

Chartered Accountants, Government Business, Marketing, Media
accounting institutes, Australia, CA ANZ, ICAI, Indian CA, Memorandum of Understanding, MoU, New Zealand

Incorporation of Companies in current fiscal increased 21% as compared to corresponding period in previous fiscal

wealth4india February 10, 2021

The number of companies incorporated from April, 2020 till December, 2020 (COVID 19 period) in the Financial Year 2020-21 (till 31-12-2020) compared to corresponding period from April, 2019 to December, 2019 in the Financial Year 2019-20 (till 31-12-2019) has actually increased by about 21% as is evident from the following details: This was stated by …

Government Business, Marketing, MCA, Media, MSME, Startup

HOW INDIA EARNS

wealth4india January 23, 2021

With the implementation of GST, 2017 saw a complete change in the way we used to pay our taxes. Scroll down for more details on how the government of India gets it money and pick the trend you want to see: personal income tax, corporate taxes, service tax, excise or customs duties. SOURCES OF REVENUE …

CBIC, Government Business, GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Income Tax, Marketing, MCA, Media, MSME, Mutual Funds, NBFC, NGO in India

CBIC & CBDT sign MoU to facilitate smoother bilateral exchange of data

wealth4india July 23, 2020

A Memorandum of Understanding (MoU) was signed between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) today, for data exchange between the two organisations. The MoU was signed by Shri Pramod Chandra Mody, Chairman, CBDT, and Shri M. Ajit Kumar, Chairman, CBIC, in the presence of senior officers …

CBIC, Government Business, GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Income Tax, Media

Ministry of MSME shows the way to make MSMEs break their Barriers and become Champions

wealth4india June 27, 2020

In a historic move, bold initiative and landmark decision, Ministry of Micro, Small and Medium Enterprises (MSME) has come out with a consolidated notification in the form of guidelines for classification and registration of MSMEs. It may be recalled that Ministry had published a Notification on 1st June, 2020 with new criteria for classification of MSMEs …

Aatma Nirbhar Bharat, Government Business, Marketing, MCA, Media, MSME, Startup

Launches another funding scheme to help the distressed MSME sector

wealth4india June 25, 2020

Minister of MSME, Shri Nitin Gadkari today launched the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) which is also called “Distressed Assets Fund–Sub-ordinate Debt for MSMEs”. As per the Scheme, the guarantee cover worth Rs. 20,000 crores will be provided to the promoters who can take debt from the banks to further invest in their …

Aatma Nirbhar Bharat, Government Business, Marketing, Media, MSME, Startup