Aspect Description Global Economic Growth Projection Predicted at 2.7% for 2024, up from the previous 2.4% forecast. India’s Growth Outlook Expected growth rates of 6.9% in 2024 and 6.6% in 2025. Role of Technological Breakthroughs Advancements in critical mineral processing offer new economic growth opportunities. Critical Minerals Definition Essential metallic or non-metallic elements for economic […]
Asset Reconstruction Companies (ARCs) are specialized financial entities established under Section 3 of the SARFAESI Act, 2002, with the primary objective of acquiring and managing distressed assets from banks and financial institutions. However, recent scrutiny by the Reserve Bank of India (RBI) has unearthed several supervisory concerns regarding the functioning of ARCs, discussed during a conference themed
The Digital Competition Bill (DCB) aims to regulate Systemically Significant Digital Enterprises (SSDEs) and their Associate Digital Enterprises (ADEs) to prevent Anti-Competitive Practices (ACPs) by drawing inspiration from the Digital Markets Act (DMA) of the European Union. Here are its key provisions: Ex-Ante Regulation: DCB empowers the Competition Commission of India (CCI) to intervene preemptively,
Foreign Direct Investment (FDI) in India is regulated and governed by the Reserve Bank of India (RBI) – Foreign Exchange Management Act (FEMA), 1999. The FDI policy was announced by the Government of India and RBI issued vide notification FEMA 20/2000-RB dated May 3, 2000 which contains the Regulations in this regard. FDI is a
A Non–Banking Financial Corporation is a company incorporated under the Companies Act 2013 or 1956. According to section 45-I (c) of the RBI Act, a Non–Banking Company carrying on the business of a financial institution will be an NBFC. It further states that the NBFC must be engaged in the business of Loans and Advances,
Gujarat property registration procedure is governed by the Registration (Gujarat Amendment) Act, 1908. Any transactions that involve an immovable property should be registered to ensure clear transfer of title to the property owner. Once the property registration procedures has been completed, it becomes a permanent public record. Immovable property registration process involves the preparation of deeds, paying
The Small Industries Development Bank of India/ SIDBI was formed under the Department of Financial Services in the Ministry of Commerce.SIDBI primarily focusses on the development of the MSME Sector along with the promotion of energy efficiency and cleaner production.The bank plays a vital role in helping micro, small and medium enterprises acquire necessary funds
The Consumer Protection Act, implemented in 1986, gives easy and fast compensation to consumer grievances. It safeguards and encourages consumers to speak against insufficiency and flaws in goods and services. If traders and manufacturers practice any illegal trade, this act protects their rights as a consumer. The primary motivation of this forum is to bestow
E-Sewa Punjab is a unified online platform by the Punjab Government to provide citizen services to residents of the state. Developed by an in-house team of 40 software developers and technical experts, this portal has processed over three crore applications by more than 6,000 citizens. TeSewa Punjab Portal aims to provide government services faceless and
Form 16 is a certificate that denotes the fine breakup of salary income and the Tax Deducted at Source amount deducted by the employer. It is associated with Income tax and is used by companies to provide their salaried individuals’ information on the tax deducted. In simple words, Form 16 means a document provided by
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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9971782649
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