Our Financial year is about to end and here are few points which should be considered before closing the financial year. These points should not be missed and every startup or business owner should understand its importance. Closing stock: Ensure that you have properly counted your closing stock and the figures are genuine. Closing stock ...
Read MoreThere are few reports form Tally accounting software which helps a business owner to get a real picture of his business. These reports are very important when it comes to understanding your business, preparing the projections for next 3 months and for taking important decisions. Cash flow Report: Cash flow Report is the report I […...
Read MoreFinance is one of the most crucial divisions in business. It’s directly linked with operations. Engage in any business, cost is something which will be incurred and revenue also needs to be generated minimum to the breakeven point in order to run the business smoothly. Almost all risks are somewhere associated with finance....
Read MoreBefore I get into the main topic I would like to share and draw your attention to something which is need of the hour or going to be the only survival path. Lockdown has eradicated the GDP growth drivers of many economies. We are just at the beginning of the new decade and we have […]...
Read MoreTaxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020-Overview Various relief measures were announced by Finance Minister Smt. Nirmala Sitharaman on 24th March, 2020 and to give effect to that relief measures Government of India notifies Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 on 31....
Read MoreFinance Minister announces Rs 1.70 Lakh Crore relief package under Pradhan Mantri Garib Kalyan Yojana for the poor to help them fight the battle against Corona Virus...
Read MoreIn wake of the significantly higher level of market rumours and speculation around Induslnd Bank stock, we would like to reiterate that the Bank is financially strong, well-capitalized, profitable, and a growing entity with strong governance....
Read MoreNational Institute of Financial Management, Faridabad, to be renamed as Arun Jaitley National Institute of Financial Management The Government of India has decided to rename National Institute of Financial Management (NIFM), Faridabad as Arun Jaitley National Institute of Financial Management (AJNIFM). NIFM, Faridabad, was set up in 1993 ...
Read MoreA number of steps have been taken since 2018 to ease the liquidity position of Non-Banking Financial Companies (NBFCs) and to increase credit flow. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today....
Read MoreHallmark of Union Budget 2020-21 is the highest priority it accorded to the overall development of North Eastern Region: Dr Jitendra Singh...
Read MoreMr. Jairam Ramesh Vs Union of India And Ors (Delhi High Court) - Mr. Jairam Ramesh Vs Union of India and Ors (Delhi High Court) There is no dispute that the petitioner herein is a Member of Rajya Sabha. The plea of Mr. Chidambram that the petitioner was not aware that such amendments have been carried out as Money Bills, is no reason to challenge the amendments, ...
Read MoreSanskriti Jayantilal Salia Vs. State of Maharashtra (Bombay High Court) - Sanskriti Jayantilal Salia Vs. State of Maharashtra (Bombay High Court) When mens rea is conspicuously absent, mere use of any forged or counterfeit currency notes or bank notes cannot attract the provisions of Section 489(B). The essential ingredient of the said offence being that the person, who r...
Read MoreAssociation of Unified Telecom Service Providers of India Versus Union of India & Others (Delhi High Court) - The Delhi High Court has delivered a judgement in the case of Association of Unified Telecom Service Providers of India Versus Union of India & Others on the powers of CAG to audit the revenues of Private Telecom Companies flowing to the Consolidated Fund of India...
Read MoreUjjal Kumar Das & Anr. Vs State Bank of India & Ors. (Calcutta High Court) - Whether or not a secured creditor, which has initiated action for enforcement of its security interest in terms of the provisions of the Securitisation and Reconstruction of Financial Asset and Enforcement of Security Interest Act, 2002...
Read MoreMr. V.K. Kaul Vs Adjudicating Officer (Securities Appelate Tribunals Mumbai) - It is highly improbable to believe the statement of Mrs. Bala Kaul that she bought shares of the target company because of its intrinsic value and strong fundamentals. If that was so, it is not clear, what made her sell these shares on April 10, 2008, when Solrex was still in the process of investin...
Read MoreF. No. 1/4/2019-NS - (31/03/2020) - Government has declared Rate of Interest on Small saving for the Quarter of April 2020 to June 2020 with Massive cut in in interest Rate ranging from 0.70 to 1.40 % per annum. For example rate of interest on PPF been reduced by 70 basis points to 7.1% per annum and same on Sukanya Samriddhi [&hellip...
Read MoreNO. 12 OF 2020 - (27/03/2020) - President Assents Finance Act, 2020 on 27th March 2020. Finance bill 2020 was presented in Lok Sabha on 01.11.2020 and get passed in Lok Sabha on 23.03.2020. After passing of bill from Lok Sabha the bill was presented in the Rajya Sabha on the same day, which returned the same without considerat...
Read MoreCircular No. CCO/CPPD-ADV/192/2019-20 - (20/03/2020) - With a view to provide some degree of relief to the borrowers whose operations are impacted by Covid 19, it is decided by the Bank to make available additional credit facilities to the eligible existing borrowers by way of ad-hoc facilities i.e COVID 19 EMERGENCY CREDIT LINE (CECL) to tide over the ...
Read MoreF. No. 13/20/2014-NS - (17/03/2020) - It is hereby notified that the deposits made under the Senior Citizens Welfare Fund, announced in the Ministry of Finance (Department of Economic Affairs) Notification No. G.S.R. 322(E) dated 18th March, 2016, shall with effect from 1st April, 2019 to 31st March, 2020, bear interest at 6.85% (Six po...
Read MoreOffice Memorandum No. 43020/2/2016-Estt (A.IV) - (19/02/2020) - Procedure for booking of air-tickets on LTC and to say that as per the extant instructions, whenever a Government servant claims LTC by air, he/she is required to book the air tickets directly from the airlines (Booking counters, website of airlines) or by utilizing the services of the authorized tr...
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F. No. 1/4/2019-NS - (31/03/2020) -