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Retirement planning is not an easy task. It requires an organized approach to ensure that life post retirement for a person remains worry free for an individual. Since in our country, social security is conspicuous by absence for majority of people, it becomes very important for a person to prepare for retirement as early as […]...
Read MoreWhile browsing the website of the prestigious Bank of England, I happened to come to the following interesting study on the U.K. economy published by the Bank based on its 12 agents’ discussions with at least 700 businesses across the UK for the first quarter of 2021. The heads covered were consumer demand, business, and […]...
Read MoreDetailed Guidelines & FAQs of Emergency Credit Line Guarantee Scheme for all Business Enterprises/MSME Institution borrowers with loans of up to Rs. 25 Cr. & annual turnover of up to Rs. 100 Cr. The Emergency Credit Line Guarantee Scheme (ECLGS) has been formulated as a specific response to the unprecedented situation caused by CO...
Read MoreUntil now, one of the best savings and investment option for a salaried person was investment in the employees’ provident fund (EPF) scheme. It inculcates the habit of compulsory savings with a relatively higher interest rate backed by government when compared to other similar investment options. It also provided tax-free income in the ...
Read MoreWhat is a Pivot table? Table in Excel is a conventional form where we have the rows and columns of the data as in raw form with a little scope such as filter, sort ,etc. There is no scope for turning down the data into meaningful insights and summary. ‘Pivot’ means to turn or change […]...
Read MoreIndia’s overall exports (Merchandise and Services combined) in April-March 2020-21* are estimated to be USD 493.19 Billion, exhibiting a negative growth of (-)6.66 per cent over the same period last year. Overall imports in April-March 2020-21* are estimated to be USD 505.94Billion, exhibiting a negative growth of (-)16.53 per cent over...
Read MoreFund raising for Public Issues and Rights Issues registered an increase of 115% and 15% respectively in FY 2020-21. Number of issues in Corporate Bond Market increased by 10% in FY 2020-21. Number of unique investors across Mutual Fund schemes also increased by 10% in FY 2020-21...
Read MoreCabinet approved proposal for implementation of Production Linked Incentive (PLI) Scheme 'National Programme on High Efficiency Solar PV (Photo Voltic) Modules' for achieving manufacturing capacity of Giga Watt (GW) scale in high efficiency solar PV modules with an outlay of Rs.4,500 crore....
Read MoreIn the Union Budget 2021-22, presented on 1st February 2020, the Finance Minister announced an outlay of INR 1.97 Lakh Crores for the Production-Linked Incentive (PLI) Schemes for 13 key sectors, to create national manufacturing champions and generate employment opportunities for the country’s youth. This means that minimum product...
Read MoreCredit Guarantee Scheme for Subordinate Debt (CGSSD) extended upto 30.09.2021 Government of India announced creation of ‘Distressed Assets Fund- – Subordinate Debt for Stressed MSMEs’ on 13th May, 2020, under the AtmaNirbhar Bharat Package. Accordingly, a scheme viz. ‘Credit Guarantee Scheme for Subordinate Debt’was approved...
Read MoreDCIT Vs Ozone India Ltd. (ITAT Ahmedabad) - DCIT Vs Ozone India Ltd. (ITAT Ahmedabad) In the instant case, pursuant to amalgamation, all assets, liabilities, undertaking of the amalgamating company (KEPL) are agreed to be vested in the amalgamated company( the Assessee) as a going concern. The amalgamated company has issued 300 equity shares ...
Read MoreVikas Chaudhary Vs CBI (Delhi High Court) - The Delhi High Court Ruled That The Second FIR In Respect Of An Offence Or Different Offences Committed In The Course Of The Same Transaction Is Not Only Impermissible But It Violates Article 21 Of The Constitution....
Read MoreBabulal Verma Vs Enforcement Directorate (Bombay High Court) - Babulal Verma Vs Enforcement Directorate (Bombay High Court) For initiation/registration of a crime under the PMLA, the only necessity is registration of a Predicate/Scheduled Offence as prescribed in various Paragraphs of the Schedule appended to the Act and nothing more than it. In other words, fo...
Read MoreSmall Scale Industrial Manufactures Association (Regd.) Vs Union of India and others (Supreme Court of India) - Small Scale Industrial Manufactures Association (Regd.) Vs Union of India and others (Supreme Court) As the charging of penal interest/interest on interest/compound interest during the moratorium period is concerned, it stands absolutely on a different footing. At this stage, it is required to be no...
Read MoreK. Basheer Vs C.K.Usman Koya (High Court Kerala) - K. Basheer Vs C.K. Usman Koya (High Court Kerala) It is also to be noted in this context that the offence u/s.138 of the Act is an offence which would be attracted on the ingredients above referred being satisfied. The statute also provides a presumption in favour of the holder which cannot be rende...
Read MoreNotification No. IFSCA/2021-22/GN/REG011. - (12/04/2021) - 1. (1) These regulations may be called the International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021. (2) They shall come into force on the thirtieth day of its publication in the Official Gazette....
Read MoreS.O. 1657(E) - (16/04/2021) - Govt notifies applicability of 46 Sections of National Bank for Financing Infrastructure and Development Act, 2021 with effect from 19th day of April, 2021 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 16th April, 2021 S.O. 1657(E). – In exercise of the pow...
Read MoreS.O.1630(E) - (15/04/2021) - Central Government hereby declares every Saturday as a public holiday for Life Insurance Corporation of India, with immediate effect....
Read MoreF. No. 294/IFSCA/Fee Structure for IAs and PMS/2021-22 - (15/04/2021) - In exercise of the powers conferred by Section 12 of the International Financial Services Centres Authority Act, 2019, the fee structure for Investment Advisers and Portfolio Managers in IFSC is being revised as follows:...
Read MoreF. No. 286/IFSCA/Policy Matters (CMD-DMIIT)/2021 - (13/04/2021) - The following fee structure shall be applicable to all stock exchanges operating in the IFSC a) Application/Renewal Fee of USD 1,000; b) One-time Registration Fee of USD 25,000 for new entities; c) Annual fee USD 1,000 for all registered stock exchanges; d) Turnover based fee based on the volume o...
Read MoreDCIT Vs Ozone India Ltd. (ITAT Ahmedabad) -
Vikas Chaudhary Vs CBI (Delhi High Court) -
Notification No. IFSCA/2021-22/GN/REG011. - 12/04/2021
S.O. 1657(E) - 16/04/2021
S.O.1630(E) - 15/04/2021
