5 Government Schemes For Budding Entrepreneurs To Help Their Startups

Entrepreneur

If you’re an entrepreneur then any amount of information for your startups is likely to not fill your curiosity bucket, as you’re always on the search for more. Now, if you’re that type of a person then there is something that you should definitely know about. There are some schemes by the government that would help you help you in your entrepreneurial journey. So, here’s the list, go through it and enrich your knowledge bank. Start-Up India This project from the Indian government has helped many budding entrepreneurs to attain…

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The second wave of COVID-19 inflicts massive damage as GDP falls by record 7.3%

GDP

COVID-19 pandemic’s second wave has inflicted massive damage on the country’s economy. According to the latest data from the Government of India, there has been a decrease of 7.3% in the gross domestic product (GDP) in the year 2020-21. At the same time last year (2019-20), the loss in GDP stood at 4%. In the fourth quarter, the GDP growth rate was recorded mere 1.6%. In February, the central government itself had projected about an 8% decline in the GDP during the entire financial year 2020-21. However, the GDP figures…

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Income Tax Dept to Launch New ITR Filing Portal on June 7:New Features and Benefits

Income Tax

The Income Tax (I-T) Department is going to launch a new ‘taxpayer friendly’ income tax e-filing portal – www.incometax.gov.in, on June 7, 2021, as the Central Board of Direct Taxes mentioned earlier this month that all the existing portals will be out of service for a period six days beginning next month, that is from June 1 to June 6. On May 19, Income Tax Department announced that the transition from the old website – www.incometaxindiafiling.gov.in to the new – www.incometax.gov.in will be completed and will be fully functional from…

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RBI Extends the Deadline for Auto-Debit Rules till September 30: What Is It Need? What Will Be Its Impact On Customers?

RBI

The Reserve Bank of India (RBI) has decided to extend the deadline for the banks to migrate to the new framework of auto-debit transactions by six months to September 30, 2021. Earlier, the deadline was set to expire on March 31, 2021. The RBI decided to extend the deadline because the new framework was not fully ready and implemented by the banks. The RBI doesn’t want customers to undergo scams and fraud activities. Below is a simple explanation of this new rule and related queries that what steps the banks…

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Jeff Bezos Decided to Step Down as CEO: Andy Jassy to be The Next Successor

Jeff Bezos

Finally, it has been official that billionaire Jeff Bezos, who founded Amazon nearly three decades ago, is ready to step down as the CEO in the third quarter of 2021 and Andy Jassy is going to be his successor. The announcement was made by Amazon on Wednesday, February 3, 2020, that sales hiked to 38 percent ($386.1 billion) as compared with $280.5 billion in 2019. This was surprising news that the company jumped to a 38 percent increase in 2020, that is, during the time of the pandemic. Jeff Bezos,…

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The Indian Railway Finance Corporation(IRFC) IPO set to Open Its Services

IRFC IPO

The Indian Railway Finance Corporation(IRFC) IPO which is owned by the State is all set to open to the public today, and its premier public offering for subscription will last from January 18 to January 20, 2021.  The first IPO launch of 2021 so far, Indigo Paints will soon open their IPO in the upcoming week as well. Here are a few issues that are raised with the opening of these IPOs: Objectives The total proceeds from the latest issue are set to be used for augmenting the equity capital base…

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EPFO Circular 2020: Priority Claim Settlement Clause Issued to PF Offices

EPFO

EPFO along with the Ministry of Employment and Labor issued a new circular on 17th October 2020 with an important update. Now, if you’re some who has been a part of the Provident Fund scheme then it’s important for you to know about the new notification. The new circular was released in was subjected “Settlement of death claims on priority basis in the industrial incident, etc.”. Now, the subject line might have not given that much light to the topic at hand but let’s explain it to you further on.…

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Changing Photo On a PAN Card Has Never Been This Easy, Check How?

PAN Card

PAN card is one of the most important documents an Indian National can have and it is used to track the financial record of the citizens of the country. Without having a PAN card, it will be impossible to do any banking related activity or even open a simple account. Thus, it is needed by all. Now, if you’re PAN details are not correct then again it’s a blunder as your application will keep on getting rejected at points in time. Also, for changing the photo and signature on the…

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Pension under EPFO ​​may increase up to 5 times! Government will decide this week

Retirement Plan

To increase the scope of Atal Pension Yojana (APY) and additional tax exemption in the National Pension Scheme (NPS) can also be announced. Finance Minister Nirmala Sitharaman (FM Nirmala Sitharaman) will present the budget of 2020-21 on 1 February. This is the first time that the government is presenting the budget on Saturday. Employees who fall under the Employees Provident Fund Organization (EPFO) Employee Pension Scheme (EPS) can get good news in the Budget 2020. Finance Minister Nirmala Sitharaman can announce increase in Minimum Amount under EPS. Experts believe that…

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The government can give a big gift on loan moratorium on Diwali, interest will be waived on select loans!

Cash in Hand

The central government has agreed to waive interest on the interest in the loan moratorium, although it may take time to make its official announcement. In the Modi cabinet meeting, the government has decided to give a big gift to the common people. There are reports that the Central Government has agreed to waive interest on the interest in the loan moratorium, although it may take time to make its official announcement. The loan moratorium case is currently pending in the Supreme Court. Because of this, the Modi government has decided that…

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