Business Updates

Now Traders can Restore their Cancelled GST Registration

Restore Canceled GST Registration

Those traders who had filed the cancellation of their GST registration can easily restore their GSTIN in time. Recently, the 40th GST Council Meeting was held. The GST Council has given several recommendations on GST Law & Procedural changes. One of them is that time-limit to file a revocation of the canceled GST registration is … Read more

Startups Can Now Issue ESOPs till 10 Years!

startups issue esops

The government has now allowed the startups to issue ESOPs i.e. Employee Stock Ownership Plans to their employees for a period of 10 years from their registration as a startup. This is one of the Government Policies to encourage startup growth and entrepreneurship. Earlier, the limit to issue ESOPs or shares to the employees was … Read more

Uttar Pradesh Govt Provides Interest Relief to Builders

Uttar Pradesh govt provides interest relief to builders

There is a piece of good news for the residents of UP. The Uttar Pradesh govt provides interest relief to builders of different districts of UP. The UP state government has reduced the rate of interest on the land dues so that it can help many people.   3 Administrations where Uttar Pradesh Govt Provides … Read more

Facebook sues Mumbai-based firm for Misusing Domain-name

facebook sues mumbai-based firm

Amid the economic recession due to lockdown, a fresh controversy has popped up as Facebook sues Mumbai-based firm for unauthorized use of several domain names.  Let us know in detail about this case. Why Facebook sues Mumbai-based firm? It can’t be denied that in these days of globalization, the business has grown complex than ever. … Read more

Home Loans to get Cheaper… See How

home loans get cheaper

There is a piece of good news for the Homebuyers— Home loans are soon to get cheaper from next month. Now many people can fulfill their dream to own a house, as the Country’s financial institution,  State Bank of India (SBI), has announced that it will reduce the Marginal Cost of fund-based Lending rate (MCLR) … Read more

What Impact would Extended Loan Moratorium have on EMIs?

loan moratorium extended

In order to give the much-needed relief to the public, the Reserve Bank of India (RBI) had recently announced that the loan moratorium is extended by further 3 months, i.e. till August 2020. This is to help them while the financial disturbance due to the COVID-19 crisis. Here, the loan moratorium means the relief to … Read more

No Special Corona Tax on Delhi Liquor

no corona tax on Delhi liquor

The Delhi government has announced that Special Corona Tax on Delhi Liquor shall be now lifted. In the wake of the Novel Coronavirus disease or COVID-19, the government had further extended the Lockdown till 30th June 2020, under the Disaster Management Act, 2005. The sale of alcoholic beverages was permitted during the lockdown, but the … Read more

Banks seek RBI’s Permission to Restructure ₹3 Lakh Crore Loans

bank restructure ₹3 lakh Crore loans

The nationalized banks have recently sought RBI’s Permission to restructure ₹3 Lakh Crore Loans that were announced by the government under the Atmanirbhar Bharat Package. Let us first study the ₹3 Lakh Crore Loans assured by the government.   Case of Collateral-free ₹3 Lakh Crore Loans Scheme As the COVID-19 Crisis has affected many industries … Read more