A 3-way approach to structural reform in India has been suggested by the International Monetary Fund (IMF). It includes addressing the corporate and banking sector weaknesses, continued fiscal consolidation through revenue measure, and improving the efficiency of labour and product markets. The 1st priority here is to address the corporate and banking sector weaknesses. This … Continue reading “3 Structural reforms in India Suggested by IMF”

Law enforcement agencies have detected Rs.1.37 lakh crore worth of tax evasion, began criminal prosecution in 2814 cases, and have arrested 3,893 people in the last three years, according to a statement by the Central Board of Direct Taxes. Concerted and coordinated actions of law enforcement agencies under the Department of Revenue have achieved phenomenal … Continue reading “Rs.1.37 lakh crore of tax avoid detected over last 3 years”

The deadline for depositing and exchanging scrapped Rs 500 and 1000 notes for Indian citizens who were abroad during November-December 2016 will end today, according to guidelines issued by the Reserve Bank India.

Starting and registering a business is an important step in an entrepreneur journey. After successfully get started, everybody wants to grow their business and to go global. Import and export outside India is one of the way of doing this. Here we will guide you, how you can apply for Import export code (IEC). A) … Continue reading “Import Export Code Registration”

Demonetization is a generations memorable experience and is going to be one of the economic events of our time. Its impact is felt by every Indian citizen. Demonetization affects the economy through the liquidity side. Its effect will be a telling one because nearly 86% of currency value in circulation was withdrawn without replacing bulk … Continue reading “IMPACT OF DEMONETISATION ON MACROECONOMIC”

Submitted by business_centrik on 12/01/2017 Passengers can access paid entertainment in trains, draw cash at station ATMs, The Indian Railways will put up ATMs on platforms in stations, offer music and movies in trains and ‘brand’ trains to boost advertising revenue. These and other initiatives to get revenue from non-fare sources were announced by Railway Minister Suresh … Continue reading “Railways to go on revenue track with ads, music, films”

After being tagged as anti poor NDA government has shifted their focus on farmers and  launched schemes like Saansad Adarsh Gram Yojana and Pradhan Mantri Krishi Sinchai Yojana. Mr.Modi wants to empower our farmers by starting schemes like this.Under these scheme 1.84crore soil health cards have been distributed,it also targets to cover all 14 crore farm holdings to all farmers by … Continue reading “Prosperous farmers for prosperous India”

A lot of schemes have been started for development in rural sector, but these schemes can achieve its target or not? “The government’s rural jobs programme is in its youth and centre will continue to push it with further allocation this year”, is what Rural Development Minister,Mr. Narendra Singh Tomar said.He also said that under rural development they … Continue reading “Rural Development is in progress”

NITI Ayog will oranise its 1st global conference on National Initiative towards Strengthening Arbitration and Enforcement in India.This conference is a step to make India the next big hub for international commercial arbitration. In recent times, India has taken many steps to facilitate ease of doing business. These include a robust bankruptcy framework, a new digital … Continue reading “NITI Ayog to organize first global conference”

As the Rabi crop season has already commenced and it is imperative that farmers are adequately supported financially to ensure unhindered farming operations. It is estimated that about ₹ 35,000/- crore would be required by the DCCBs for sanction and disbursement of crop loans to the farmers at the rate of ₹ 10,000/- crore per … Continue reading “RBI making cash available for Rabi Crop Season”

Submitted by business_centrik on 22/11/2016 RBI vide its circular dated November 21, 2016 has allowed farmers to draw upto ₹ 25000/- per week in cash from their loan (including Kisan Credit Card limit) or deposit accounts subject to their accounts being compliant with the extant KYC norms. RBI has also allowed all current account holders … Continue reading “RBI revised the withdrawal limits for Farmers & Traders”

RBI vide its circular dated 15.11.2016 has expressed the need to put in place a Standard Operating Procedure (SOP) for such exchange of Specified Bank Notes (SBNs). Henceforth, while exchanging the SBNs, the concerned bank branch and post offices would put indelible ink mark on the right index finger of the customer so as to … Continue reading “Standard Operating Procedure (SOP) for putting indelible ink on the finger of the customers coming to a bank branch for SBNs”

World Bank in a new report has ranked all BJP ruled states as the best places to do business in India. Telangana and Andhra Pradesh – top the rankings.

PM Narendra Modi  siad, he is looking forward to new partnerships with the members of BRICS and also wants to discuss ways to address international and regionala challenges. He recently said in a facebook post that as  chair of BRICS this year, India has embraced a stronger emphasis on promoting people-to-people linkages in diverse fields including trade,sports,films,education,scholarships and tourism.This … Continue reading “Narendra Modi at BRICS summit”