The start-ups can avail up to ? 5 crore collateral-free funding under YES MSME initiative. The bank also aimed to reduce the turnaround time for processing MSME loans. The lender may even offer different options embody pre-approved industrial bank cards, advisory and wealth management solutions together with dedicated relationship managers. The circulation of forex notes in the country has elevated considerably. During the first 9 months of the present monetary 12 months, the value of total forex notes in circulation elevated by thirteen percent.
India’s crypto trade is also in talks with the finance ministry relating to the formulation of a brand new set of laws and business sources level out that an professional panel at the ministry is finding out the matter. According to an ED statement, it initiated FEMA investigation on the basis of the ongoing money-laundering investigation into Chinese-owned unlawful online betting purposes south haven mi shooting pier. Cryptocurrency trade WazirX on Friday said it’s but to obtain any showcause notice from the Enforcement Directorate and is in compliance with all relevant laws. Assuring all its customers that their “funds are completely protected on WazirX”, it stated it’ll totally cooperate with the investigation if it receives a proper communication from the ED.
This marks the first investment of the New York-based investor in a cryptocurrency platform in India. According to co-founder and CEO Ashish Singhal, the investment closed in mid-February in the midst of regulatory uncertainty. The five-year-old company is backed by traders including Sequoia India, Stellaris Ventures, Fireside Ventures, Marico’s Rishabh Mariwala, Snapdeal founders Kunal Bahl and Rohit Bansal, and actor Shilpa Shetty Kundra. The startup, which has raised greater than $23.three million thus far, competes with Nykaa, MyGlamm, Sugar Cosmetics, Purplle and Plum Cosmetics. The Covid-19 pandemic has come as a shot in the arm for digital shopping and getting consumers and types on-line.
DGTR has issued a new application proforma for the Anti-Dumping utility to be filed by the Domestic Industry. According to the Reserve Bank of India ’s latest Financial Stability Report, unsold stock ranges have dropped steadily in the last 4 quarters to around seven lakh, a two-year low, as on March 31, 2021, from round eight.5 lakh within the first quarter of FY21. Launches of new items have progressively gone up in the last 4 quarters to over 6 lakhs in Q4 of FY21. Unsold inventory is a direct reflection of the health of the market. The RBI report mentioned the all-India House Price Index elevated year-on-year by 2.7% within the fourth quarter vis a-vis three.9% development a 12 months in the past. The authorities informed Parliament that Cairn Energy Plc and telecom big Vodafone, along with no much less than 15 other companies, will benefit from the transfer.
No Other Cases aside from the following shall be considered for re-opening of assessment. In order to know the definitions of Manufacturer/ Trader/ Service Provider, one can click on “Information Button”. Based on highest turnover amongst them. One can change the same later.
Advocate Cannot be Arrested beneath New Advocates Bill, 2021. The current high rise in incidents of assault, kidnappings, intimidations and regular threats triggered to advocates is a major purpose. Where the security of lawyers is threatened because of their duty, they shall be adequately safeguarded by the authorities.To protect advocates, such an act is important. It additionally states to make sure social security and minimum necessity for all times for advocates. Government has prolonged Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit for a further interval of three months, i.e., as a lot as September 30, 2021. An overdue FD is one where the investor upon maturity of the deposit does not claim the amount nor does he/she renew the FD.
Back in January, WhatsApp sparked a powerful response after asserting that it might require customers to agree to the brand new guidelines. Users started to change to other services, including Telegram. Initially, the adjustments have been alleged to take effect on February 8; however then the deadline for the adoption of the model new guidelines was postponed until May 15. WhatsApp explained what will occur to customers who don’t agree with the model new guidelines of providers and the coverage for processing user data till May 15. The Directorate of MSME, Govt.
On September 14th, the company said that it is looking at promoting belongings and can also be in discussion with potential traders however is uncertain as as to if the Group will be in a position to consummate any such sale. Section 115BAC states that an individual opting to pay tax underneath the model new regime has to furnish Form 10-IE to the Income Tax department earlier than filing the Income Tax Return for the related Assessment Year. For occasion, Ethereum grew from 10 per cent to just about 19 per cent whereas Cardano jumped from zero.70 per cent to 3.67 per cent and Tether from 2.seventy seven per cent to 3.67 per cent. The total market cap of cryptocurrencies presently stood at $1.ninety one trillion. The tax department’s view is that demerger of Grasim’s monetary companies enterprise to ABCL did not comply with the definition of ‘demerger’ as beneath section 2 of the Income Tax Act.
