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MSME new classification criteria and benefits of registration

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July 27, 2020
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Central Government has issued MSME Notification on 26-Jun-2020 laying down new criteria for classifying enterprises as micro, small and medium enterprises.  Following are the composite criteria of investment and turnover for classification: Micro Enterprise: where the investment in plant and machinery or equipment does not exceed Rs.1 Cr and turnover does not exceed Rs.5 Cr. Small Enterprise: where the investment in

What is Unregulated Deposit Scheme Ordinance, 2019?

[Source: www.taxmann.com; Editorial Team] The President of India has promulgated ‘The Banning of Unregulated Deposit Scheme Ordinance, 2019’ on February 21, 2019. The Ordinance aims to provide comprehensive and unified mechanism to ban the unregulated deposit schemes (or Ponzi schemes or Pyramid Schemes) and to protect the interest of depositors.

The incredible story of the UID project

November 30, 2010
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When Ranjana Sonawane, a 30-year-old housewife from Tembhli, a tribal village in Nandurbar district of Maharashtra was allotted the UID number 7824-7431-7884, the team at the Unique Identification Authority of India (UIDAI) would have been quite justified in feeling a little pleased with themselves. A small team – 160 people
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Tax benefit brings Gujarat back in favour with drug cos

February 5, 2009
Gujarat, the traditional centre of gravity of the pharma business in India that had lost out to states such as Himachal Pradesh, Goa, and Uttarakhand in the past few years, is regaining lost ground on the strength of tax cuts announced in last year’s budget. Pharma firms, including around 100
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Gujarat PSEs set aside funds for social welfare

September 26, 2008
After the state-owned Gujarat Industries Power Co Ltd (GIPCL) agreed to set aside 30 per cent of their Profit Before Tax (PBT) to carry out welfare activities across the state, another listed Public Sector Enterprise (PSE) of the Gujarat government, Gujarat Mineral Development Corporation (GMDC) followed suit on Wednesday.
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