BUSINESS
Bill to withdraw retro taxes delayed but welcome move, says Former Finance Secretary Arvind Mayaram
The Bill seeks to withdraw the tax liability on gains arising from indirect transfer of Indian assets prior to May 28, 2012.
BUSINESS
Explained | Why did govt take U-turn on retro tax law and what does this mean for Vodafone, Cairn arbitration cases?
The move will bring respite to companies like Cairn Energy and Vodafone, and is expected to to end their long-standing legal dispute with the Indian government.
BUSINESS
Demand for work continues to remain high under MGNREGA
It could have happened as many migrant workers are reluctant to go back to cities for work as there is a possibility of a third wave, said an anlayst. To provide work to migrants returning from cities to villages, the central government had pumped in an extra Rs 40,000 crore for MGNREGA schemes.
BUSINESS
Parliamentary panel seeks expansion of rural jobs scheme, similar programme for urban areas
The parliamentary committee has also sought another round of income support for the poor and suggested that universal healthcare should be a legal obligation of the government.
BUSINESS
Explained | The General Insurance Business (Nationalisation) Amendment Bill, 2021
The bill is in line with Finance Minister Nirmala Sitharaman's budget announcement, in which she said laws would be amended for the government’s plan to privatize a general insurance company and two banks
BUSINESS
Why not a dedicated PLI scheme for MSMEs, experts ask govt
The MSME sector is the second-largest employment creator, providing employment to an estimated 11 crore people. It contributes to 30 percent of the GDP and accounts for 48 percent exports. Still, the existing PLI schemes are meant only for the corporates, they say. If govt wants self-reliance in manufacturing, it is a must, they argue.
BUSINESS
SMEs, startups should start raising funds through capital market, say experts
Listed SMEs and startups will become globally competitive and offer a significant contribution to India's economic development and job creation, say experts.
BUSINESS
Explained: All you need to know about the Insolvency and Bankruptcy Code (Amendment) Bill, 2021
The bill proposes a separate resolution process for insolvent small businesses, allowing them to initiate the proceedings and quicker settlement process.
BUSINESS
Lok Sabha passes Insolvency and Bankruptcy Code Bill 2021, what are the amendments for small businesses
On April 4 this year, the government amended the insolvency law (Insolvency and Bankruptcy Code 2016)by bringing in an ordinance that provides for a pre-packaged resolution process for micro, small and medium enterprises when Parliament is not in session.
BUSINESS
Stimulus measures inadequate, larger economic package needed for recovery: Parliamentary panel
Measures to bolster demand, investments, exports and employment generation are needed to help the economy, including micro, small and medium enterprises, to recover from the pandemic fallout, the committee said.
BUSINESS
33,716 rural youth trained under DDUGKY in FY21: Giriraj Singh informs Lok Sabha
Rural youth in the age group of 15-35 years are covered under this scheme.
BUSINESS
Dues of Rs 22,316 crore owed to MSMEs to be cleared in 45 days
FM Nirmala Sitharaman told parliament she is personally monitoring the clearance of delayed payments to MSMEs for purchases by the Central government, public sector undertakings and central departments
BUSINESS
Job creation, loan disbursement at all-time high under PMEGP; experts point to enhanced allocation
The scheme primarily focuses on generating self-employment opportunities through micro-enterprise establishments in the non-farm sector thereby helping the unemployed youth.
BUSINESS
Govt has included retail & wholesale trades under MSME category: Narayan Rane to Lok Sabha
As per the revised guidelines, retail and wholesale trade, earlier left out of the ambit of MSME will now get the benefit of priority sector lending (PSL) under RBI guidelines.
BUSINESS
As fresh enrollments under EPFO drop in May, experts call for direct support
Fall in the number of fresh subscribers under the scheme is an indication of a drop in job creation in the economy, which has been hit by the second wave of the coronavirus
BUSINESS
MSMEs to get more access to cash with proposed change in factoring law, experts say
The proposed Factoring Regulation (Amendment) Bill, 2020, is expected to increase competition in the business of factoring, in which companies can get immediate cash by selling their receivables at a discount.
BUSINESS
Farmer unions, welfare groups unaware about agriculture SMS portal, eight years after its launch
Digital divide, lack of adequate mobile phones in the rural areas and linguistic hurdles have not helped to make the services attractive enough.
BUSINESS
Economy to witness 6.5 -7% growth FY23 onwards, to accelerate further: CEA Krishnamurthy Subramanian
"Now, the commanding heights of the economy are basically being given to the private sector, with the government to be in only a few select sectors," Subramanian said.
BUSINESS
Insurance-averse MSME sector hit harder by Covid; experts call for higher coverage
Barely 5 percent of small businesses take insurance cover because most of them opt for it only when a lender demands it. This makes MSMEs more vulnerable to uncertainties.
BUSINESS
Coworking companies optimistic as India Inc. vaccinates staff for return to office
Cost savings, leases expiring in three years and hybrid working trends will help accelerate growth in the flexible office space business
BUSINESS
Centre hikes central govt employees' dearness allowance to 28%
In April last year, the finance ministry had put on hold an increment in DA for 50 lakh central government employees and 61 lakh pensioners.
BUSINESS
Experts say database of unorganised workers will ensure benefits reach beneficiaries
A national database of unorganised workers will help them get access to welfare and relief schemes and help the government prepare for similar crises in the future
BUSINESS
All you need to know about the new Ministry of Cooperation and why it has been set up
One of the objectives of the ministry will be to develop Multi-State Cooperative Societies. It will also provide a separate administrative, legal and policy framework for strengthening the cooperative movement in the country.
BUSINESS
High unemployment, migrant worker woes — challenges aplenty for new labour minister
Incumbent Bhupender Yadav has the most serious economic obstacles to contend with in an area where all is not in his ministry’s hands and will be dependent upon overall economic recovery.
