A view on the financial world.
I. New Classification for MSMEs As announced as a part of economic stimulus and reforms in response to Covid 19, the Ministry of Micro, Small and Medium Enterprises has modified the classification criteria for MSMEs as follows- Existing Criteria- New Criteria (Applicable from 1st July 2020)- Note: All units with GSTIN listed against same PAN …
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The Finance Minister of India, Nirmala Sitharaman announced the various measures of the 20 lakh crore relief package over five tranches. However, these also included the relief announced by the Finance Minister earlier and liquidity measured provided by the RBI. Here is the breakup of the INR 20 lakh crore package- However, as per …
Starting off with a genuine question, does mere deferment of taxes mounts to reliefs? The taxation reliefs provided in the "Aatmanirbhar India Economic Relief Package" may be more of the nature of deferment of incidence, rather than providing actual monetary relief. The Taxation Reliefs announced by Hon’ble Finance Minister are as follows :TDS/TCS Rate reduction …
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On 12th May 2020, India's honourable PM addressed the nation and announced an economic stimulus package of INR 20 lakh crore, amounting to ~10% of the country's GDP. The primary aim of the package was to make India self-reliant and self-dependant in terms of production and services. https://www.youtube.com/watch?v=P4QjOhu9eIQ This is how India compares to other …
Continue reading "Atmanirbhar Bharat- A 20 lakh crore project underway- All you need to know"
The story of Yes Bank is one which will be remembered by the investors, the bankers and especially the account holders for what it transpired to. It not only revealed the flaws in the banking system of our country, but it also has made the general public vary of the notion that the money in …
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The Financial Lens 