RBI, made it mandatory to obtain the LEI (Legal Entity Identifier) for all the categories of entities (except individuals) prior to 30th September 2020 who are undertaking the following transactions-
NEW DELHI: The finance ministry on Friday said banks have sanctioned loans of about Rs 1,20,099 crore under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector reeling under economic slowdown caused by the COVID-19 pandemic. However, disbursements against this stood at Rs 61,987.90 crore till Thursday (July 9) under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs). T
NEW DELHI: The new process for registration of micro, small and medium enterprises will come into effect in the name of Udyam Registration from Wednesday, July 1, the government said on Tuesday. Last week, the MSME ministry said that an MSME in the country will now be known as ‘Udyam’ since the term comes closer to the meaning of an enterprise. Udyam Registration can be filed online based on self-declaration with no requirement for documents of proof, barring Aadhar, as per the notificatio
Claim Verification under IBC - As per IBC the Corporate Insolvency Resolution Process is for the protection of creditors from debtors through filing of an insolvency petition which is based on delayed and default of payments by the debtors even after various time buffers being provided but inability of the corporate debtor to repay the amount owed. A claim can be filed by any creditor, workmen, employees, and other corporate debtors, under Section 7, Section 9 & section 10 of the IBC, 2016 .The
State-level stamp duties on loan deeds are discouraging micro, small and medium enterprises (MSMEs) from tapping the Union government’s ?3 trillion liquidity programme, two people aware of the development said. In a meeting with finance minister Nirmala Sitharaman last week, lenders pointed out that many of these small firms were not using the facility as they could not afford to pay stamp duty, said a ba
Micro, small and medium (MSME) enterprises are perhaps facing their worst times in the last few years and the Covid-19 pandemic has exacerbated the situation, experts feel. They stress that there is an urgent need to bring such units on the government radar so that they are eligible for benefits. These units need to be trained to become competitive in the long run. At a webinar organised on Friday on handholding MSMEs
NEW DELHI: Eligible MSME borrowers will get an offer from their lending institutions for a pre-approved loan under the Rs 3 lakh crore scheme announced for micro, small and medium enterprises to help them deal with the impact of COVID-19. The Guaranteed Emergency Credit Line (GECL) of Rs 3 lakh crore was announced as part of Rs 21 lakh crore package by the government. As per a set of FAQs
Days after announcing a new set of criteria to define micro, small and medium enterprises (MSMEs) on which various official benefits will be extended, the government is considering a proposal to widen the definition again — a crucial move that will potentially benefit several thousands of firms. Days after announcing a new set of criteria to define micro, small and medium enterprises (MSMEs) on which various official benefits will be extended, the government is considering a proposal to widen
Q1: What is the revised rate of EPF contribution announced by the Central Govt. under the Atmanirbhar Bharat package? Ans: Under this package the statutory rate of EPF contribution of both employer and employee has been reduced to 10 percent of basic wages and dearness allowances from the existing rate of 12 percent for all class of establishments covered under the EPF & MP Act, 1952. Q2: What is the objective of a reduction in the rate of contributions?
MUMBAI: MSMEs received a fresh boost in terms of credit support from the Reserve Bank of India. While SIDBI's credit facility was rolled over, Exim Bank received a fresh line of credit line. In additions exporters and importers too got some added sops The RBI had in its March statement announced a special refinance facility of Rs 15,000 crore to SIDBI at RBI’s policy repo rate for a period of 90 days for on-lending and refinancing which has been rolled over by another 90 days. "In order to
NEW DELHI: Many small businesses are wary of taking fresh loans even if they are backed by government guarantee, as they are not sure how much demand will be there for their products when they resume business activity. Micro, small and medium enterprises (MSMEs) expected a direct relief from the government in terms of waiving of electricity bills, payment of salaries, among others that would have helped t
Startups will be eligible to avail relief measures announced for micro, small, and medium enterprises (MSME) under the Aatmanirbhar Bharat Scheme but will have to register as MSMEs on the Udyog Aadhaar portal, government officials told CNBC-TV18. Finance Minister Nirmala Sitharaman also clarified on Saturday that startups were eligible for the measures announced for MSME, such as the collateral-free loan with credit guarantee, subordinate debt and equity infusion through the MSME fund of fund
Key Highlights According to the earlier definition, MSMEs engaged in manufacturing based on their investment in plant and machinery FM Sitharaman has declared that there will be no difference between manufacturing and service enterprises. The investment limit for MSMEs has been revised upwards and an additional criterion of turnover has been introduced While enumerating the details
Uttar Pradesh CM Yogi Adityanath organised an online loan fair to hand over cheques to over 56,000 MSME business persons, a day after Centre's package A day after Finance Minister Nirmala Sitharaman announced an array of measures to strengthen the (Micro, Small & Medium Enterprises) MSME sector, Uttar Pradesh Chief Minister Yogi Adityanath organised an online loan fair to hand over cheques to over 56,000
In a nation with an estimated population of 1.37 billion people, an extensive range of social enterprises can make an impact. From public services to financial services, to technology, social enterprises can play a key role in a diverse economy like India. Ridley-Duff and Bull (2011) defined a social enterprise as an organization that applies commercial strategies to maximize improvements in human and environmental well-being, rather than maximizing shareholder profits. The development of thi
The National Company Law Appellate Tribunal (NCLAT) on April 22, 2020 refused to stay the execution of the resolution plan submitted by NBCC to take over embattled firm Jaypee Infratech and complete 20,000 stuck housing units. It also allowed the IRP to proceed with constituting the interim monitoring committee for execution of the plan. IRP Anuj Jain has been directed to constitute an interim monitoring committee, which comprises representatives of the NBCC and its three main lenders, i.e.,
The IBBI has inserted a new regulation 47A under IBBI (Liquidation Process) Regulations, 2016 from excluding the COVID- 19 lockdown period from the computation of the time-line for any task that could not be completed in relation to any liquidation process. The Regulation starts with “Subject to the provisions of the Code” as follows: Exclusion of period of lockdown- Regulation 47A: Subject to the provisions of the Code, the period of lockdown imposed by the Cen
MAPUSA: The legal metrology department booked two grocery vendors, one from Mapusa and the other from Porvorim, for overcharging packaged oil and using unverified weighing instrument. Inspections were conducted by a team of metrology department on Sunday after receiving complaint against the two grocery vendors for overcharging packaged commodities and using invalid weighing instrument. A general s
Summarized features of the scheme - The Ministry has issued a general circular no 12/2020 dated. 30th March 2020 to revive the non -compliant companies. Under this scheme, the government has given one time opportunity to non – compliant companies to make a fresh start on a clean slate. This scheme enables the companies to complete the pending compliance by filing necessary documents including annual return without any additional late fees on account of delay. Only t
In the wake of Covid-19 outbreak, Directorate General of Foreign Trade has issued some major amendments in FTP with their immediate effect. As the pandemic Covid-19 shakes the world, the central Government has makes amendments in the FTP 2015-20. The present policy, which came into force on April 1 2015, had five year validity upto March 31, 2020 has been extended by one year with their validity upto March 31, 2021 alongwith extending the related handbook of procedu
India reported its first novel Coronavirus case on January 30, 2020. Ever since, India, being the second most populated country of the world, has reported 415 cases of Coronavirus and seven reported deaths, as per the reports of Ministry of Health and Family Welfare. Considering the globally vast spread of Covid 19 virus, India has channelized strict restrictions on public gatherings in order to combat the blow-out of coronavirus. Indian Railways have taken to cancelling more than 100 trains
New Delhi: The Union government is tracking prices of household staples in nearly 600 centres across the country and has advised all states, especially those with transport restrictions such as Maharashtra, to allow interstate movement of trucks carrying essential supplies , a senior official in the consumer affairs ministry said. Amid reports of a broad-based demand surge for household essentials in the wake of the coronavirus pandemic, the Union government has set up teams to coordinate wit
MUMBAI: Investments by Indian firms in foreign countries in January 2020 rose by nearly 40 per cent to USD 2.10 billion on a yearly basis, according to data by the Reserve Bank. Indian companies had invested USD 1.47 billion in their overseas ventures in the same month a year ago. Compared monthly, January investments were higher than USD 1.99 billion in December 2019, showed the RBI data on 'Outward Foreign Direct Investment (OFDI)'. Of the total capital invested by the India Inc in Ja
Public Procurement Transactions - Public procurement worth Rs 40,000 crore has taken place through the government's online marketplace GeM, Expenditure Secretary T V Somanathan said on Monday. Stressing that the focus of public procurement system is on economy, rigour, fairness and transparency, he said the efficiency of procurement makes a big difference to the fiscal discipline of government. Towards this, the government has recently revised the general financial rules (GFR) and procurem
The Indian stock market is set to see billions of dollars of inflows after a policy tweak comes into effect on April 1, analysts predict. The nation will increase the foreign portfolio investment limit in a company from the current 24% to a higher threshold set for its sector. In addition to the expected inflows from active asset managers, the move could trigger net investments of between $2 billion and $2.5 billion to Indian equities from passive funds, according to estimates from Target Invest
In a step to save costs and time, the RBI decided to permit videobased KYC (Know Your Customer) which will be a huge relief to map remote customer authentication, as opposed to physically onboarding customers. The provision allows an officer of the institution to remotely vet a customer’s identity through PAN or Aadhaar and a few questions. Mumbai: The Reserve Bank of India has decided to permit videobased KYC (Know Your Customer) as an option to establish a customer’s identity. For ba
pump and dump - Zerodha, India's biggest stock broker, has warned investors against investing or trading based on anonymous and fraudulent stock tips. "In the past few years, the scourge of stock tip messages, calls, and websites has become a dangerous nuisance. We’ve been seeing queries from unwitting investors who have invested based on these messages and calls," the stock broker said, referring to schemes that are are commonly known as “pump and dump" scams. Zerodha also explained how
NEW DELHI : Finance Minister Nirmala Sitharaman today unveiled a ?102 lakh crore national infrastructure pipeline, in accordance with the Narendra Modi government's vision to make India a $5 trillion economy by 2024-25. The finance ministry had set up a task force headed by Economic Affairs Secretary to prepare a road map for the "national infrastructure pipeline" from 2019-20 to 2024-25 under the ?100 lakh crore infra plan. The task force was planning a list 10 major infrastructure projects
Bharti Infratel Ltd’s decision to extend the long stop date of its proposed merger with Indus Towers Ltd again does not come as a surprise. The stock lost less than 1% on Thursday. What’s more, the management commentary and delay in approvals is leading to the belief that the merger may be called off eventually. Bharti Infratel has said the merger is contingent upon receipt of requisite regulatory approvals and there can be no assurance that the merger can be completed in the extended tim
Decriminalisation of Compoundable - The Company Law Committee, constituted by the Ministry of Corporate Affairs (MCA) vide order dated 18.09.2019, has submitted the first phase report to the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 18th November, 2019, proposing amendments in the Companies Act, 2013 for further decriminalising the offences under the said Act and to facilitate ease of doing business and ease of living. This was stated by Shri Anurag Singh Thaku
Lenders to Refer more Cases to NCLT - MUMBAI: The overloaded National Company Law Tribunal is set to receive a huge chunk of resolution plans in early January as banks scramble to come up with a plan for loans worth Rs 3 lakh crore under the June 7 circular. Lenders need to come up with a plan by January 7, failing which they would be required to make 20% provisions or refer the cases to court under IBC within 30 days, under the new RBI rule. “Many cases will be referred to NCLT
Finance Minister Nirmala Sitharaman has declared that National Insurance, Oriental Insurance, United India will be merged, to create India’s biggest non-life insurance company. General Insurance Business Nationalisation Act in Budget 2019-20 will be modified for executing the same. However, as per some estimations, 10-15,000 jobs can be lost, once this merger is completed. The Mega Merger Of Insurance Companies Is Happening As per the news, the government is planning to expedi
Mergers and acquisitions is a process of bringing together two entities or assets and forming into one company by merging or acquiring. It aims to stimulate growth, gain competitive advantages, increase market share, influence supply chains, etc. However, there is a thin line between merger and acquisition. A merger is termed as uniting of two companies in which one of the companies ceases to exist post absorption by the
Secretarial Audit offers a broad check on compliances of Company under applicable acts including SEBI Act, Companies Act, Depositors Act, FEMA, and other industry-specific laws. Secretarial Compliance Report consists of the SEBI Act, its regulations and circulars issued thereunder. Secretarial audit guides you in dealing with the changes brought in to managerial burden and management
The Bengaluru bench of the National Company Law Tribunal (NCLT) has sent Flipkart under insolvency proceedings for a payment default of Rs 26.95 crore to one of its creditors. However, the company claims that the Karnataka High Court has granted a stay on the order. A detailed statement by the company said through the NCLT had orally dictated its orders on October 24, 2019, the orders were only made available on November 5. In its order dated October 24, 2019, the Bengaluru bench of the NC
Document Identification Number (DIN): GST Taxpayers alert - In order to protect GST taxpayers from any harassment at the hands of errant tax officials, the Central Board of Excise and Customs (CBEC), is going to use a unique number in every communication with taxpayers from Friday. Initially, the department will use this unique document identification number (DIN) mostly for investigation related communications such as arrest warrants and search authorizations and it will be lat
Nirmala Sitharaman explained to international investors why India is the ideal place for investment Washington: Investors can find "no better place" in the world than India, which has a democracy-loving and capitalist-respecting environment, Union Finance Minister Nirmala Sitharaman has said. She assured international investors at an interaction session at the IMF's headquarters that the government was continuously working to bring reforms. "It (India) is one of the fastest growing (econom
While dealing with an appeal filed by the Registrar of Companies against a batch of LLPs, the National Company Law Appellate Tribunal (NCLAT) has remarked that adoption of a bloodthirsty approach by Authorities against compliant entities is unwarranted. The remark was made by two-member Bench of Member (Judicial) Bansi Lal and Member (Technical) Balvinder Singh in an appeal preferred by Registrar of Companies, Maharashtra
M&A Advisory Service in India - Merger advisory is a panel of specialists to set up an articulated plan and an M&A strategy that strengthens that plan. After the analysis of the businesses’ financials and embracing an organization’s purposes, to deliver a set of cost-effective choices which also pave the approach for long term lucrative growth. What is Acquisitions: Acquisitions have become a vital and important part of the corporate plan and will gain m
NEW DELHI- India's industrial output shrank at its fastest rate in more than six years in August, reflecting the impact of an economic slowdown that could prompt the central bank to cut its key policy rate for the sixth time in December. Annual industrial output contracted 1.1% in August compared with 4.6% growth in the previous month, government data showed on Friday. It was the worst performance since a 1.7% contraction in November 2012, data compiled by the Statistics ministry showed. A
Delhi High Court has held that a winding up order passed by a Company Judge is not irrevocable and the proceedings can be later transferred to NCLT under IBC if the same is in the interest of the company and the creditors. The Division Bench of Justice Vipin Sanghi and Sanjeev Narula also held that when the plea moved by secured creditors regarding the appropriate forum and process for liquidation comes in conflict with that of the ex- management, the preference shall be given to the creditor
Prices of the safe-haven gold rose on Tuesday in Asia amid lowered rate cut expectations. U.S. Gold Futures for December delivery were down 0.6% at $1,495.85 per ounce by 1:22 AM ET (05:22 GMT) as Investing.com’s Fed Rate Monitor Tool showed the probability for a quarter-point cut when the Fed meets Oct. 28-29 at 69.5%, versus 72.7% on Monday and 78% on Friday. The reduced probability for a rate cut continued to hurt gold in post-settlement trade, pushing it beneath the key $1,500 suppor
India has moved down 10 places to rank 68th on an annual global competitiveness index, largely due to improvements witnessed by several other economies, while Singapore has replaced the U.S. as the world’s most competitive economy. India, which was ranked 58th in the annual Global Competitiveness Index compiled by Geneva-based World Economic Forum (WEF), is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year). Announcing its latest i
Private Companies with debts - The secretarial audit is right now restricted to listed firms that have outstanding debt beyond a threshold. Experts have welcomed the developments as the move will help improve compliance and corporate governance standards in the county. The government may soon mandate private companies with outstanding debts above a certain threshold undergo a mandatory secretarial audit, a senior government official said Saturday.
MCA has filed the petition in Mumbai bench of NCLT under section 140(5) of Companies Act. NCLT Mumbai today heard the petition of the MCA and directed for issuing notices to the auditor and directors of the company. Continuing its actions against auditors who fail to perform their duty, Ministry of Corporate Affairs (MCA) has sought disqualification and 5 year ban on statutory auditor of a Pune-based Chit fund company Netwealth Agrotech India. MCA has filed the petition in Mumbai bench of
The Ministry of New and Renewable Energy has started drafting plans to set up mega capacities and ease investment in renewables to meet the new target set by Prime Minister (PM) Narendra Modi. At the United Nations Climate Action Summit in New York on Monday, Modi vowed to double India’s renewable energy target to 450 gigawatt (GW) by 2030. This comes at a time when commissioning of projects has slowed and states are raising red flags. In 2019-20, of the 3 GW target for wind power, 1.1 G
MSCI's broadest index of Asia-Pacific shares outside Japan barely budged, up just 0.03% A slowing global economy remained front and centre in financial markets Mumbai: Indian stock markets may continue to rally on optimism post the reduction in corporate taxes. Foreign brokerage firms have upgraded their targets for India’s benchmark indices, expecting the government’s measures to have significant positive implications for corporates’ profitability, bro
Mergers and acquisition is the easy way to restructure your business where you can increase the growth and value of your business. Mergers let your company recover itself by amalgamation with other company where the newly made company will run the business proficiently. To revive a company and to make its operations effective it is best to restructure with merger and acquisition services. Not only in India but in the world around mergers & acquisitions is preferred by the majority to re-esta
In a bid to clamp down on the dumping of iron and steel imports, and also the over-and under-invoicing of these products, the government has removed these items from the ‘free’ category and has made it mandatory for importers to apply in advance for a registration of their import. The new system will come into effect from November 1. This comes at a time when India has been at the receiving end of large amounts of steel dumping due to the ongoing trade war between the U.S. and
This can be a landmark case in the history of the IT industry in India. In one of the first instances, employees of leading IT companies have filed case against their employer, for long working hours, no incentives, bad leave policy and more. And the most interesting part: The Court has ordered these IT firms to respond within 4 weeks. IT Employees File Case Against Accenture, Cognizant The case is a Public Interest Litigation, which has been filed by three IT employees from Hyd
Equitas Holdings Ltd (EHL) has proposed a new scheme of arrangement to list its small financing bank arm ESFB after being denied an extension to the listing deadline by the RBI as well as approval to reverse merger proposal by SEBI. Under the new scheme, EHL has proposed to capitalise free reserves of Equitas Small Finance Bank (ESFB) and issue shares of the subsidiary to its shareholders without cash consideration. EHL is the promoter and holding company of Equitas Small Finance Bank (ESF
The government measures to provide partial credit guarantee to public sector bank on their asset purchases from NBFCs can ease funding pressure only for the short-term, says a report. In the budget, the government had said for purchase of high-rated pooled assets of financially-sound NBFCs, amounting to Rs 1 trillion during the current financial year, it will provide a one-time six months' partial credit guarantee to public sector banks for their first loss of up to 10 percent. The step, h
Finance Minister Nirmala Sitharaman announced a number of measures on Friday to lift market sentiment and boost growth But weak global backdrop could cap the upside for Indian equities in near term: Analysts Indian stock market index had its best day in three months as a number of government measures to revive economic growth and hopes of progress in China-US trade talks helped boost sentiment. After volatile trading through most of the ses
Major market benchmarks were boosted by some strong earnings reports from retail companies Wednesday, indicating that the U.S. consumer remains healthy and helping to ease recession worries. The Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) both gained nearly 1%. All sectors rose, with consumer staples and technology leading the way. As for individual stocks, report
What is BIS Certification? Process of BIS Certification is a means for offering third party guarantee of quality, safety and dependability of products to the consumer. It is voluntary and the Government of India has made this compulsory for certain products taking into concern public health. Bureau of Indian Standards (BIS) BIS Certificate is provided in India by Bureau of Indian Standards (BIS). The National Standards Body has been efficaci
Legal Metrology is a part of the Department of Consumer Affairs which came into practice in 2009 and deals with the monitoring and regulation of manufacturing, import, and business of weighing, measuring instruments and devices and legal Metrology certification. ASC assists manufacturers and importers of weighing and measuring instruments and devices to obtain appropriate licenses and approvals for setting up their company and marketing their products. The Legal Metrology Department falls und
Planning to set your up business in India? First of all, you must do comprehensive research on Indian market & its approach. As a matter of primary importance, choose a suitable name for your business and make it a legitimate entity. In case that the name shows signs of improvement, book a domain name under the equivalent. To begin a new company starting with scratch you have to pursue a procedure described herein. Register your new company Name Selection and enrolli
The legal metrology department has sent a notice to Scoops ice creams after city resident Akshay Kumar was charged more than the MRP (maximum retail price) for an ice cream he bought at Tank Bund from a tricycle ice-cream seller, who was an authorized vendor of Scoops. Mr Kumar told Deccan Chronicle that this has become routine practice and tricycle ice-cream sellers take more than the MRP, and even tamper with the MRP and sell
Service Exports from India Scheme (SEIS) is originated from the Foreign Trade Policy (FTP) 2015-20. In recent time, the SEIS Scheme is a widely-popular concept for the overall industrial development and is passing through various interpretation and associated matters in the department. SEIS benefits have been a lucrative scheme for the service sector industry as a whole, whereby they get additional cash flow for their business growth. Some industries have started adjusting these cash flows in
Starting a Business in Canada both for the startup and established entrepreneur is the most favorable and promising country to achieve utmost success with minimum investment. Business in Canada is the highly established and recognized industry for Canadian citizen as well as for immigrants conferring permanent resident status. Canada holds several advantages that pulls the entrepreneurs to expand their business in Canada. The benefit of starting a Business in Canada for immigrants a
The real estate industry has always been shrouded in controversies considering many factors including bad loans, stay on construction, illegal constructions and grief for home buyer due to late payment. The Real Estate Regulatory Act was introduced in the hope of putting an end to a number of stagnant processes as well as to streamline the real estate sector holistically. In an effort to enhance transparency and protect the interest of home buyers, the Act brought with amendments and changes.
Procurement is no longer a secondary, optional process. It gradually has risen to become a necessity for operational and business efficiency and has become a big part of an organisation’s initial framework. Procurement is now not ignored as an additional cost-saving and efficiency enhancing process but is THE way to move forward for growing and established businesses alike. A comprehensive and forward looking procurement strategy that encompasses and prepares a business for future challeng
In the last decade, India has seen a huge increase in the number of start-up. Now this is could be owed to the Government’s shift in encouraging home talent or it could be the need to experiment and create new ideas for the younger generation. What once was considered an unconventional source of employment has today given rise to a whole new India where the youth has understood and utilized its potential completely and without regret. This got us thinking – despite all the growth, the promi
Recently, the Indian Government proposed changes in tax rules for investments made in start-up and entrepreneurial ventures. A 30.9% tax levied on investments, however it is important to mention that the entire investment is not taxed, only the amount that is considered to be above ‘fair value’ valuations of a start-up; also classified as ‘income from other sources’ in Section 56 (ii) of the Income Tax Act. Why the sudden uproar? Typically start
A recent tax ruling is changing the way companies in India operated for years. Converting a company to Limited Liability Partnership was a means to scale up, attract foreign investors as well as to distribute profits to partners without the fear of dividend distribution tax. This new ruling however puts things in perspective and makes the task difficult for companies. In the middle of November, a Mumbai bench of the Income Tax Appellate Tribunal stated that conversion of a company into LLP wi
Great ideas have the potential to make successful businesses but not all ideas culminate to businesses. For a business to become successful, it is very important to understand the market and gather audience insights. If a business doesn’t serve any need, eventually it will fade away irrespective of the unique idea behind it. The year 2018 saw a variety of interesting ideas which were great business propositions. While some survived and flourished, there were a few which didn’t make it big
Here’s why your organization needs Compliance Risk Assessment Compliance has become a very critical part of every organization's strategic plan whether its Financial services, banking or healthcare — all companies, beyond a certain volume, face a large number of compliance rules. Penalties for violating such compliance requirements can be massive, and non-compliance is practically an invitation to authorities, resulting in not only financial loss but also a reputational loss to
4 business trends that are taking over 2018 India is in the midst of a massive transformational shift with a growing number of internet users who are not only aware of new developments but also demand changes according to their needs. Businesses across the world depend on client satisfaction for their sustenance and growth. The industry is going through a shift at such rapid speed, it has become essential to keep upto date with practices that will keep your business alive and relevant.
Establishing a Foreign Business in India: Foreign Direct Investment of a country is the marker of the country’s growth across sectors. Financial, infrastructure, manufacturing, transport as well as other areas instantly receive a boost as foreign investments in a country rises. Gradually India has become a nurturing destination for new businesses and the position is just going to get stronger. The first step towards setting up your business in India, though, is an understanding of the marke
As the past couple of years witnessed a drop in data costs, WhatsApp has successfully replaced the traditional offline messaging service as the primary mode of text communication in India. Leveraging this fact, this messaging platform launched WhatsApp Business – the pilot for a dedicated mobile app exclusively for businesses – in early September 2017.
The fragile structure of the corporate sector is greatly influenced by external and internal factors. In the last decade, enterprise risk management has emerged as an effective method to mitigate potential risks as well as analyse existing risks of businesses. Industry experts, investors and government bodies now pay attention to analyst and implement structured risk management policies in an effort to ensure smooth business operations. Operational efficiency in areas of human resources, fina
“If you aren’t moving forward, you are not moving at all” Constant growth is the driving force for any business. An evaluation process which analyses growth points and problem areas is imperative for any organization. What is slightly more important than an evaluative process is ‘change’.
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