finance

Consumer Welfare Fund

Under the Central Goods and Services Tax(CGST) Act, 1917, Government has set up the Consumer Welfare Fund (CWF) to promote and protect the welfare…

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No affect on small businesses and dealers of paying at least 1 per cent of GST liability in cash

Small businesses and dealers will not be impacted by the new government rule of paying at least 1 per cent of GST liability in cash as only entities…

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‘New GST rule doesn’t apply to small firms’ says FinMin official

Going by the grudges by small business houses, a finance ministry official has said that small companies do not require to pay minimum 1 per cent Goods…

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Sahary Bank and Expertise France discuss establishing of SME financing units in Libya

Libya-based Sahary Bank held a discussion with Expertise France on the establishment of an SME financing Unit. The meeting comes within the framework…

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MSMEs see 74 pc jump in delayed payment applications

The number of delayed payment applications rejected by Micro and Small Enterprise Facilitation Councils (MSEFCs) has jumped 74 per cent so far since…

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NIIF grosses less than Rs 5,000 crore in infrastructure projects in 5 years

In its five years of existence, the National Investment and Infrastructure Fund (NIIF) has made equity investments of less than Rs 5,000 crore in infrastructure…

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Finance ministry sets up special cell in the Income Tax department to investigate cases of undisclosed foreign assets held by Indians

The Union Finance ministry has set up a special cell in the Income Tax department to specifically investigate cases of undisclosed foreign assets held…

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Only 16 per cent MSMEs in India receive formal credit: U GRO Capital

Though the MSME sector is a significant driver of the Indian economy yet only 16 per cent of Micro, Small and Medium Enterprises (MSMEs) in India receive…

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