After losing a company to COVID, owners seek the next gig

It’s not known how many small businesses have failed in the pandemic, but different estimates all show devastation. Based on a projection last spring by the National Bureau of Economic Research, the number is likely well into the hundreds of thousands. …

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FDI reforms: What the Union Budget 2021 could have done better

It is time that the Government takes a clear, objective and a pragmatic view on FDI in e-commerce business and provides a permanent remedy rather than small fixes with frequent amendments….

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India has a backdoor entry into digital currency. Will it take it?

Covid-19 has made people reluctant to handle cash for fear of infection. The pandemic has also underscored the need to extend timely financial support to people who don’t have bank accounts….

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FM Sitharaman has loosened the purse strings in Budget: How will it fast-track India’s growth?

Chief Economic Adviser Krishnamurthy V Subramanian argues that Budget 2021 will not only propel growth in the next fiscal but also lay the foundation for the coming decade. He highlights the massive spend on healthcare and core sector projects as well as reforms in the financial sector….

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Budget 2021: A thumps up for inclusive employment opportunities

The move to create global supply chain champions in manufacturing will boost scale and size in 10 key sectors, including automobile and textile….

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Budget 2021: A thumbs up for inclusive employment opportunities

The move to create global supply chain champions in manufacturing will boost scale and size in 10 key sectors, including automobile and textile….

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Ease of business in self-reliant India – Indirect tax budgetary changes

It would not be an exaggeration to term this budget as balanced and progressive insofar as it has aimed to cater to the interest of the domestic industry, harmonisation of rate structure and assurance to taxpayers in terms of the timely disposal of proceedings ease in compliances….

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MCA amends definition of small companies, allows NRIs to incorporate One Person Companies

The changes, announced by finance minister Nirmala Sitharaman during her budget speech on Monday, will come into effect from April 1, according to the notifications. “Paid up capital and turnover of the small company shall not exceed rupees two crores and rupees twenty crores respectively,” the notification said….

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Budget 2021: FM announces changes in small companies’ threshold; modifications for One Person Company

Under the Companies Act, 2013, OPC is a separate legal entity and will need to register for a perpetual succession. Here, the liability to make loan repayments availed by the OPC falls on the OPC only unlike a sole proprietorship….

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Union Budget 2021 Highlights: Can Sitharaman mark the turning point in India’s recovery?

The FM’s third Budget tackles the considerable wishlist of industries and consumers that were impaired by the Covid-19 pandemic, while acknowledging the spending challenges of the administration….

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Indirect tax changes that can unshackle the economy from impact of COVID-19

Every organisation needs a boost in cash flows to survive the present rough patch. To start with, the government can take simple measures which can release some pressure on company’s liquidity….

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Past failures on spending targets dampen India’s Budget hopes

The government has missed its total spending targets in the past two years, or even scaled them down, and has failed to meet goals for some of its flagship development programs, a review of budget documents show….

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Plastics, petrochemicals should be included in the PLI scheme: Arvind Goenka, Chairman, Plexconcil

With more than 30,000 processing units, India’s plastic goods are exported to over 200 countries, but the sector is facing many structural issues which need to be addressed urgently. …

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Budget 2021: Why this budget should aim to up India’s resilience and competitiveness

The Budget can play a critical role in steering the economy towards full revival by continuing the focus on supportive fiscal policies. …

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What MSMEs expect from Budget 2021 to put behind the COVID-19 affect

With fintech and digital payments becoming more accepted, the government could announce some support for creating a digital payments framework, which will offer MSMEs far easier access to credit and financial services….

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Budget 2021: How indirect tax can provide a roadmap to recovery

The PLI scheme rolled out under the Atmanirbhar Bharat Abhiyan in April 2020 covered mobile manufacturing, manufacturing of bulk drugs and medical devices. ​​Following the positive response received on the scheme, in November 2020, it was expanded to cover ten new sectors. …

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Pre-budget recap: Summing up Modi govt’s Atmanirbhar stimulus

As the PM puts it: Atmanirbhar Bharat aims to make in India not just for India, but for the world….

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