Moody’s Ratings boosted India’s GDP growth forecast to 7.2% for 2024 and 6.6% for 2025, highlighting solid growth and moderating inflation as key factors. The update also notes improvements in corporate balance sheets, rural demand and digital infrastructure investments, signalling a robust economic outlook for the country. The ratings agency noted that growth could exceed […]
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The Union Budget 2024 introduced several changes to the tax structure, TDS Rates and TCS Rates, one of which pertains to the Tax Deducted at Source (TDS) on rent payments. Specifically, the TDS rate under Section 194-IB has been revised from 5% to 2%, effective from 1st October 2024. Understanding Section 194-IB of the Income […]
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Top 10 Fastest Growing Major Economies in The World 2024: Top 10 fastest growing major economies 2024: Which are the top 10 fastest growing major economies in the world? This is one ranking in which India beats the United States of America and China! For the purpose of arriving at the list of the fastest […]
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Synopsis A new Credit Guarantee Scheme proposed for manufacturing MSMEs to secure term loans for the purchase of equipment and machinery without collateral or third-party guarantee. The budget also proposed to increase the Mudra loan limit to ₹20 lakh under the ‘Tarun’ category for borrowers who have borrowed and repaid earlier ‘Tarun’ category loans. The […]
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MCA has introduced amendments to the Companies (Appointment and Qualification of Directors) Rules, 2014, which have come into effect on August 1, 2024. These changes aim to enhance transparency and simplify the procedures for appointing directors. Notably, the amendment to rule 12A now mandates that updates made to personal information of directors must be done […]
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India still needs to cover some distance before manufacturing can contribute 25% of GDP. This next leap requires action from both the Government and private sectors. The Government should continue improving the cost of doing business through infra investments. The 2020s has already been a decade of uncertainties. The pandemic, regional conflicts and energy price […]
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The size of MSMEs matters in understanding their level of productivity relative to large enterprises in emerging economies including India. This means that micro enterprises trail large companies, by a greater margin in comparison to small and medium-size enterprises. The report noted that narrowing this productivity gap could be equal to an average of 10% […]
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Founded in 2018, Resourceful Automobile operates under the brand name Sawhney Automobile, dealing in Yamaha two-wheelers. The recent Rs.12 crores initial public offering of Resourceful Automobile, a Delhi-based company with just two outlets and a workforce of eight, has taken the market by storm with the issue receiving bids worth close to Rs 4,800 crores. […]
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Whole-time Member of the Securities and Exchange Board of India (SEBI), Ashwani Bhatia on Friday sounded a cautionary note on listings and fundraising by small and medium enterprises (SMEs), amid instances of manipulation and fraudulent practices. Speaking at a conference held by the Institute of Chartered Accountants of India (ICAI), Bhatia stressed that such cases […]
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The Ministry of Corporate Affairs (MCA) will announce the guidelines for the internship scheme over the next two weeks, following which the portal will be made active for the prospective applicants, officials involved in the exercise said. A new portal is in the works to enable youth to apply for internships directly with the country’s […]
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