The tourism industry is one of the largest industries in India and a significant employment generator. Many Indian states depend on tourism to generate their primary revenue. India’s tourism industry is ranked 12th among 184 countries in GDP contribution. It is set to grow at 7.8% per year from 2013 to 2023. The tourism market […]
Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS-I Scheme) came into force from August 1, 2000 covering eligible credit facilities extended by the Member Lending Institutions (MLIs) to eligible borrowers effective from June 1, 2000. The Scheme provides Guarantee cover for sanction of collateral free loans to the entrepreneurs by Banks/FIs.Credit Guarantee Funds
With the e-commerce industry booming, businesses constantly look for platforms to showcase their products and reach a wider audience. Limeroad, one of India’s leading online marketplaces, offers a golden opportunity for sellers to tap into a vast customer base. E-commerce is booming in our country and shopping portal like Limeroad has revolutionised the online shopping
As the Indian economy grows, the importance of tax compliance and management has only increased. However, with this growth, tax disputes and litigation are becoming more common. If you’re facing tax litigation, it’s important to understand the process and steps you can take to manage the situation effectively. GST is a comprehensive indirect tax levied
National Old Age Pension Scheme (NOAPS), IGNOAPS was renamed and launched formally in November 2007. It is one of the five components of the National Social Assistance Programme (NSAP) introduced by India’s Ministry of Rural Development (MORD). Beneficiaries of this scheme make up 73% of the total beneficiaries listed under the NSAP. The launch of
Hyderabad trade license from the GHMC must be obtained by all businesses operating in Hyderabad within 30 days of commencing activity. GHMC has a turn around time of sanctioning any GHMC trade license application within 7 days from the application, provided the application was complete in all respects at the time of their submission, and
When a company is formed, one of its initial challenges is generating funds. The company can raise funds by either taking a loan, with the help of investors or by issuing debentures and shares. Issue of debentures meaning: Debentures are an instrument used to raise long term debt capital for the company. The debenture that a company
The goods that are sold through inter-state trade are subject to Central Sales Tax (CST) in India. However, all sale to foreign missions and SEZs should not be charged any CST. If any item is returned within 180 days, this tax will not be levied. Note: Sales Tax has been replaced by the Goods and Services
KVIC stands for Khadi and Village Industries Commission. It is an important organization in India that helps rural areas grow and creates jobs. It operates under the Ministry of Micro, Small, and Medium Enterprises. KVIC’s goal is to improve the economy of villages by promoting khadi and village industries. KVIC has launched several initiatives, like the
Repeal and savings —(1) The Consumer Protection Act, 1986 (68 of 1986) is hereby repealed.(2) Notwithstanding such repeal, anything done or any action taken or purported to have been done ortaken under the Act hereby repealed shall, in so far as it is not inconsistent with the provisions of this Act,be deemed to have been
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