Growth comes on the back of renewed focus on MSMEs, digitalization of economy, and schemes offering collateral-free loans, among others. Indicating a positive trend, loans to the Micro, Small and Medium Enterprises (MSMEs) have showed an uptick on a year-on-year basis so far in the current fiscal, compared to the corresponding period last fiscal. According […]
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Transforming India into a Global Manufacturing Powerhouse Introduction Launched on September 25, 2014, by Prime Minister Narendra Modi, the “Make in India” initiative is completing 10 years as a pivotal step in India’s nation-building efforts. On the occasion, Prime Minister, Shri Narendra Modi expressed in his blog that “Today is an occasion to salute each […]
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The STT applicable to futures and options (F&O) trading is set to increase from October 1, 2024. Specifically, the tax rates for Futures & Options (F&O) of securities will rise to 0.02% and 0.1%, respectively. Union Budget 2024: Union Finance Minister Nirmala Sitharaman introduced some changes in terms of income tax in the Union Budget […]
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The Bombay Stock Exchange (BSE) SME platform has been a game-changer for small and medium enterprises (SMEs) in India, offering them a pathway to raise capital through initial public offerings (IPOs). This access to funding has allowed many SMEs to scale their operations and pursue growth ambitions that might have otherwise been out of reach. Once […]
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This Diwali, consumers may face higher costs for gift hampers as prices of dry fruits and chocolates have surged. An ET study reveals a 14% average increase in prices due to lower supply and rising cocoa costs. Industry executives fear this inflation could dampen consumer demand during the festive season. It’s the ‘festival of lights’ […]
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LinkedIn released its seventh annual top startups list for India, showcasing the country’s emerging companies based on data from the professional social-networking site. The report comes amid a booming environment for entrepreneurs. In fact, India has the third-largest startup ecosystem in the world, according to official government site Startup India. “As of 2022, the number of unicorns […]
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Markets regulator, Sebi is expected to take steps to rein in the retail frenzy in F&O trading in a board meeting on Sept 30. These decisions could include tightening of rules for the speculative futures & options segment of the market and stricter margining system. The Sebi board is also expected to give its nod […]
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JP Morgan CEO Jamie Dimon, in an interview, highlighted global economic concerns, particularly the persistence of inflation and geopolitical risks. He emphasized the importance of geopolitical factors over financial markets in shaping the future, while acknowledging the strength of the US economy. Dimon also expressed optimism about India’s economic progress, citing reforms like Aadhaar and […]
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Prime Minister Modi has launched and laid the foundation for multiple developmental projects in Ahmedabad, Gujarat, collectively valued at over Rs 8,000 crores. These projects span various sectors, including railways, roads, power, housing, and finance. Among the key highlights, Modi inaugurated India’s first Namo Bharat Rapid Rail service from Ahmedabad to Bhuj and introduced several […]
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Section 143(1) of the Income Tax Act, 1961 is essentially a computer-generated automated message which lets the taxpayer know of any error that exists in his/her tax filing. It also tells the taxpayer if he/she has any interest that is payable. Anytime someone receives a notice from the Income Tax Department, there seems to be an overwhelming […]
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