We should thank our Finance Minister and congratulate every Indian for this excellent Budget, as it is good for everyone and a step in the right direction. The best part of the budget is that there is no taxation announcement like COVID-tax, long-term capital gains tax, or wealth tax as was expected by the market. On the Finance Minister’s part, I would say this was a masterstroke as she ensured that the sentiment is not affected as it is essential to raise money for disinvestment as well as for privatisation. There were important announcements on the infrastructure front like establishment of a Development Finance Institution (DFI) to boost long-term financing for the country’s infrastructure sector, allow Foreign Portfolio Investors to debt finance REITs and InvITs after necessary amendments to the law. Budget has allocated ₹20,000 crore for the DFI, with an ambition for the lender to have a portfolio of ₹5 lakh crore within three years’ time. Another positive news is the ... » Learn More about Union Budget 2021 | A Budget to boost economic recovery: IIFL’s Nirmal Jain
By Peter George Bengaluru based Vishwanathan Ramakrishnan, along with his childhood friend Karthik Lakshaman, wanted to make learning experience for children fun by creating unique products in the education technology space. That is how start-up Magic Crate was conceived but building a suite of creative products for children with limited funds meant several amenities had to be procured at an economical cost. This is where ecommerce as an e-procurement platform stepped in, helping them realise their dreams by offering an optimal blend of opportunity, quality and cost and streamlining the complete procurement process for them. The story of Magic Crate is just one of many MSMEs that have a huge growth potential in India. Backbone of India’s economy - MSMEs: In focus now Contributing over 29% of India's GDP, over 90 lakhs-plus registered MSMEs employ nearly 11 crore people in the country(1|2). Since these enterprises contribute to 48% of the country’s exports, there is a ... » Learn More about B2B ecommerce- Unlocking the potential of thousands of MSMEs in India
Chennai : Ahead of the assembly elections likely in April, the AIADMK government in Tamil Nadu on Tuesday presented an interim budget for 2021-22 with the COVID-19 pandemic contributing to a 17.64 per cent fall in revenue and a widening of fiscal deficit. The budget, presented amid a boycott by DMK and its allies, projected a positive growth rate of 2.02 per cent in 2020-21 as it expressed hopes of the economy rebounding due to various sustainable policy decisions of the government. Amid expectations of sops with elections around the corner, Deputy Chief Minister O Panneerselvam, who holds the Finance portfolio, allocated Rs 5,000 crore for the Rs 12,110.74 crore co-operative crop loan waiver scheme, announced earlier this month by Chief Minister K Palaniswami. He also urged the Centre not to utilise the 15th Finance Commission recommended grants to substitute their share of funding for the central sector and centrally-sponsored schemes. "I reiterate my call to the ... » Learn More about Revenue plunges, fiscal deficit zooms: AIADMK govt presents interim budget ahead of Tamil Nadu assembly election
சென்னை அப்டேட்டுகளுக்கு நோட்டிபிகேஷனை அனுமதி For Daily Alerts லேட்டஸ்ட் செய்திகளுடன் இணைந்திருங்கள் சென்னை செய்தி Cancel OK Just In ஜனநாயகம் இறந்துவிட்டது.. நாட்டின் நலனில் பிரதமர் சமரசம் - ராகுல் காரசார விமர்சனம் வேளாண் சட்டத்தை 3 வருஷத்துக்கு நிப்பாட்டுங்க; போராட்டத்துக்கு முற்றுப்புள்ளி வைங்க - பாபா ராம்தேவ் சிறுமி பாலியல் வன்கொடுமை விவகாரம்.. நீதிமன்ற விசாரணையில் முரண்பாடுகள்.. ஹைகோர்ட் TN Assembly Election Live Updates: அதிமுக- பாமக தொகுதி பங்கீடு இன்னும் சற்று நேரத்தில் அறிவிப்பு நெருங்கும் 5 மாநில தேர்தல்.... கட்சி பலவீனமாகிக் கொண்டே போகிறது... காங். தலைவர்கள் சர்ச்சை பேச்சு கணவருக்கு நிறைய பெண்களுடன் தொடர்பு.. தட்டிகேட்டால் வரதட்சிணை கேட்டு கொடுமை.. மனைவி தற்கொலை? #Chennai சிறுமி பாலியல் வன்கொடுமை விவகாரம்.. நீதிமன்ற விசாரணையில் முரண்பாடுகள்.. ஹைகோர்ட் #Chennai TN Assembly Election Live Updates: அதிமுக- பாமக தொகுதி பங்கீடு இன்னும் சற்று ... » Learn More about சட்டசபையில் அதிக கேள்விகள் எழுப்பியது யார் தெரியுமா… தெரிஞ்சா அசந்து போயிடுவீங்க… இதை படிங்க!
B y Megha Jain and Vanyaa Gupta In the wake of incessant hike in fuel prices , there is no option left but to shift gears to renewable sources of energy. The sooner the better! Today, there have been continuous efforts to engage in renewable sources of energy for electricity generation that can further, be utilised to minimise the cost of various operations at present. Electric Vehicles (EVs) is one such example of utilizing energy in the most sustainable manner. As they say, ‘necessity is the mother of every invention’; today, there is a dire need for energy-efficient vehicles in India that could reduce the emission of chlorofluorocarbons (CFCs) in the atmosphere and in turn, could stop global warming . Needless to say, the recent calamity in Uttarakhand, India, which engulfed hundreds of lives because of global warming gives us even a stronger reason to further delve into this field. Let us take a closer look at it. EVs in the global market EVs have ... » Learn More about Opinion: Can EVs pave the way for a greener electric nation?
Chennai : Borrowings by the Tamil Nadu government were well within limits prescribed by the Finance Commission, state Finance Secretary S Krishnan said on Tuesday. Addressing the post-budget press conference, he also said Tamil Nadu's share of taxes on petroleum products has fallen since the introduction of cess by the Centre. Amid Opposition criticism of the state's overall estimated debt of Rs 5.70 lakh crore with the government intending to borrow Rs 84,686 crore, the official said it was within the 15th Finance Commission limits, unlike some states which have raised more funds 'breaching' the ceiling. Krishnan said the Centre has allowed states to borrow up to 5 per cent of their gross state domestic product (GSDP) as against the earlier 3 per cent limit in view of the COVID-19 pandemic. "The increase in the borrowings was in the wake of the pandemic. However for 2021-22, it has been revised to 4 per cent (of GSDP)", he said. "What one has to see here is -- ... » Learn More about Borrowings by Tamil Nadu govt well within limits, says state’s Finance Secy S Krishnan
India's economy returned to growth in the December quarter, ending a recession induced by two successive quarters of economic contraction, and the recovery, which the the government termed as 'V' shaped, is expected to gather pace. The Gross Domestic Product (GDP) grew 0.4 per cent in the October-December 2020 period compared with the same period a year back, data released by the National Statistics Office on Friday showed. This growth compares with revised contractions of 24.4 per cent in April-June 2020 and 7.3 per cent in July-September. GDP had expanded by 3.3 per cent in October-December 2019. While India has become one of the few major economies to post growth in the last quarter of 2020, the annual GDP estimate for the fiscal year ending March 31 has been revised to an 8 per cent contraction, deeper than an earlier estimate of (-) 7.7 per cent. China's economy grew by 6.5 per cent in October-December 2020, faster than the 4.9 per cent growth in July-September ... » Learn More about India exits recession, economy returns to growth in Dec quarter
The Bharatiya Mazdoor Sangh (BMS) affiliated to the RSS has announced a phase-wide agitation from March 15 to November 11 against the proposed disinvestment programme of the public sector units (PSUs) by the Union government. Also read | None of the demands raised by trade unions incorporated in Budget: BMS The decision was taken at a two-day meeting of the BMS’ PSUs Coordination Committee in Hyderabad that ended on Friday. The meeting came 10 days after the deliberations of the BMS National Executive in Chennai on Budget 2021 “in the context of the onslaught of the government” against the central PSUs. Also read | Drop plans to privatise defence sector units, BMS urges Centre In the meeting in Hyderabad attended by BMS president HJ Pandya, general secretary Binoy Kumar Sinha and organising secretary B Surendran, a consensus emerged that the BMS should strongly oppose the policies of the Centre on disinvestment, privatisation and monetisation. The Swadeshi Jagaran Manch ... » Learn More about RSS-affiliate Bharatiya Mazdoor Sangh plans protest against disinvestment of PSUs
MSME ) would have a separate book written on them. Such is the contribution of the sector that not only it accounts for 29% of Indian GDP, but also employs over 11 crore people in its 6.3 crore enterprises. However, hit by the COVID-19 and its aftermath, the MSME sector almost crash-landed in 2020, facing a strong contraction in revenue . The sector suffered the most in ensuring business continuity, challenged by severe liquidity crunch and dipping demand. Amidst the crisis, it's the government's consideration for the stressed sector that has provided much impetus for the MSMEs. Fiscal Policy Support from RBI The Reserve Bank of India recently issued a notification allowing banks to deduct the amount released to new MSME borrowers from their net demand and time liabilities. This means that banks are exempted to maintain cash reserve ratio for the loans disbursed from January 1 to October 31 2021 to first time MSME borrowers. Furthermore, RBI has also allowed ... » Learn More about Ways for MSMEs to emerge stronger after the Covid pandemic
For Quick Alerts Subscribe Now 'Regret not learning Tamil': PM Modi on Mann Ki Baat View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Tamil Nadu Tamil Nadu govt announces new gold loan waiver scheme #Tamil Nadu Your success made the great MGR very happy, says PM Modi at Dr MGR Medical University #Tamil Nadu Retirement age of Tamil Nadu government enhanced #Tamil Nadu Coronavirus: Tamil Nadu government announces 'all pass' for Class 9, 10 and plus one students #Tamil Nadu Tamil Nadu transport employees to go on strike from today; 80 per cent govt bus services to be affected #Tamil Nadu PM to address convocation ceremony of Tamil Nadu Dr MGR Medical University on Friday Just In 7 min ago 'Regret not learning Tamil': PM Modi on Mann Ki Baat 26 min ago Need for effective testing, comprehensive tracking: Centre tells states ... » Learn More about To conduct Tamil Nadu Assembly polls, Rs 100 plus cr needed: Deputy Chief Minister