"15 May 2020" Archive - Page 5

FM Nirmala Sitaraman Ji’s 3rd tranche of announcements on 15th May 2020

Series of Announcements are being made by the Govt after Urban poor, Migrant Workers, Self employed persons relief package on 14th May 2020 Series of Announcements are being made by the Govt after MSMEs packages on 13th May 2020. https://taxguru.in/finance/fm-nirmala-sitaramans-address-nation-13-05-2020-tax-announcements.html Focusing Tod...

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Analysis of Finance Minister Speech on 20 lakhs crore relief package

Changes and Reliefs in various sectors, taxation and Analysis of Finance Minister Speech on 20 lakhs crore relief package On 13.05.2020, PM Narendra Modi while addressing nation, announced 20 lakhs crore relief package to various sectors of the economy keeping in view the Aatam-nirbhar Bharat mission. Thereafter, FM Nirmala Sitharaman ann...

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A Good Corporate Governance

Others Sites Links 1. Need of Corporate Governance Today time corporate governance has received increased attention because of high-profile scandals involving abuse of corporate power or alleged criminal activity by corporate officers. Therefore, laws and regulations have been passed to address the components of corporate governance. Orga...

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How to Register as a MSME in India ?

Subsequent to qualifying as a MSME the following needs to be ensured to get registered in order to reap maximum benefits available which are:...

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Managing Risks & Code of conduct in outsourcing of Financial Services by NBFCs

1. Introduction: NBFCs have been outsourcing various activities and are hence exposed to various risks as such as strategic risk, country risk, compliance risk, operational risk, legal risk etc. The outsourced activities are to be brought within regulatory purview to protect the interest of the customers of NBFCs and to ensure that the NB...

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Package under PM’s Aatmanirbhar Bharat Plan [Part-1]

PM in his speech quoted ‘Jaanbhi, Jahan bhi’ amidst nation-wide lockdown due to COVID-19 pandemic. To make it possible the Hon’ble PM in his speech on 12.05.2020 proposed robust economic reforms for 20 trillion rupees which is roughly 10% of India’s GDP. Therefore, the FM announced the first part of continuous series of reforms on...

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Atma-Nirbhar Abhiyan & Rahat Package by FM on 14.05.2020- Important Points

Important Announcements made Under Atma-Nirbhar Abhiyan and Rahat Package by Finance Minister Dated 14.05.2020 MEASURES FOR LIQUIDITY SUPPORT TO FARMERS AND RURAL ECONOMY: 1. 63 lakh loans of Rs 86,600 crore approved in agriculture between March 1 and April 30 2. Refinancing of Rs 30,000 crore provided by NABARD to Rural Cooperative Banks...

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Wage Code 2019, A Labour Law Reform

Introduction The Code of Wages 2019 is an Act that was introduced by the parliament of India in the year 2019 and it came into existence from 08.08.2019.This newly introduced act consolidates/combines four imperative labour laws i.e, The Minimum Wages Act, Payment of Wages Act, Equal Remuneration Act and The Payment of Bonus Act. This [&h...

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Analysis And Suggestions on Relief Package announced by FM

Analysis  and suggestions on Relief Package announced by Union Finance Minister MS. Nirmala Sitharaman for MSMEs, Tax Payers and others  through 15-Point Plan to Boost Indian Economy and further suggestion thereon...

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Compounding of Contraventions Under FEMA

INTRODUCTION: There are various laws in India and amended time to time for the benefits of stakeholders. As a result most of the people by mistake contravene various provisions of law. So Government has provided compounding of offence under FEMA to make default good. A person suo-moto accepts its contravention and apply for compounding of...

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