The Union Budget 2021-22 is being presented at a very crucial time when the Indian economy is on the recovery path from the daunting impact of pandemic COVID-19. On the back of string of bold economic reforms announced by the Government in last few months, significant recovery in the key economic and business indicators has […]
“We appreciate RBI’s efforts to maintain an accommodative stance. The unchanged Repo rate is understandable despite a spurt in inflation, which has been primarily driven by disruptions in supply chain, excessive margins and indirect taxes. However, it is imperative that going forward there is a cap on lending rates for low cost funding in order […]
Bhavin Turakhia, Founder and CEO at Flock said, “Indian organisations across industry verticals have already asked a significant percentage of their workforce to work from home as a short-term measure to tide over the COVID-19 crisis. Nearly half of India’s technology workers – estimated at 3 million – are working remotely to contain the spread of the […]
Quote from CMA B Mallikarjuna Gupta – Chief Taxologist, Logo “The announcements made by the Honourable Finance Minister today are the need of the hour for the trade and industry, especially for the MSME Sector. The extension of the date for filing of GSTR-3B is a commendable task as it will give additional cash for the […]
HONG KONG:To ensure a safe and smooth exhibition experience amid the latest developments of the Novel Coronavirus (COVID-19) situation, the organiser of Cloud Expo Asia, Hong Kong — CloserStill Media has postponed the expo and its co-locating events, originally scheduled on 20-21 May to 23-24 September 2020 at the Hong Kong Convention and Exhibition Centre […]
Quote: “Support for start-up ecosystem with investment clearence cell providing advisory support is a good move to encourage entrepreneurship. While deferring ESOP taxation is a welcome step, the 5 year threshold could dent the usefulness of the change. Decriminalisation of certain provisions of the companies Act as well as the thought towards effective implementation of […]
Apart from the GDP estimation of 10 percent being on higher side, we see a lot of positivity in the budget proposals tabled by Hon’ble Finance Minister Smt. Nirmala Sitharaman. Major thrust has been given to the infrastructure industry, including railway infrastructure and railway connectivity. This will help them revive from the sluggishness in the […]
New Delhi : Real Estate Mr. Prashant Solomon, MD, Chintels India and Hon. Treasurer for CREDAI NCR – “With the lowering of personal income tax, the middle-class and millennials will have more disposable income, thereby spurring spending and growth in the economy which will in turn also reflect in residential purchases. Affordable housing segment has […]
Hon’ble Finance Minister Nirmala Sitharaman in her Union Budget presentation, focused more on the infrastructure development by allocating INR 1.7 lakh crore. The government has taken many measures which will help fulfil the aspirations and vision of most of the sectors but the real estate sector has not been discussed much during the Budget. Measures […]
“The Union Budget 2020-21 lays down a clear roadmap for taking the economy onto a higher trajectory of growth. The Budget is based on three notable tenants: Aspirational India, Economic Development and A Caring Society, The focus on education and skill development indicates that the budget is in tune with the changing needs of the […]
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