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Category: Latest News

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Reduction in Compliance Burden for Small Businesses

To reduce compliance burden for small businesses, the Government of India (GOI) has come up with various policy initiatives from time to time. This has facilitated ease of doing business for the small businesses. Let’s take a look at the various initiatives of GOI for small businesses: For inter-state supply of services up to Rs. […]

Applications Invited For National Means-Cum-Merit Scholarship Scheme (NMMSS)

The Ministry of Education, GOI, is inviting applications for the National Means-cum-Merit Scholarship Scheme. The deadline for the submission of applications under this scheme is 31st August of this year. The National Means-cum-Merit Scholarship Scheme or NMMSS is a scheme of the central sector, with the goal of awarding scholarships to meritorious students belonging to […]

GST Council reduces Compliance Burden for Small Taxpayers

Taxpayers with annual aggregate turnover up to Rs. 2 crore are not required to file Annual Return using Form GSTR-9 for FY 2023-2024.  As a result, the compliance burden for small taxpayers has been reduced What is Form GSTR-9? Form GSTR-9 refers to an annual return which is required to be filed by the taxpayers […]

Ministry of Labour and Employment Announces Dates for Job Fairs

The Ministry of Labour and Employment has announced the dates for the upcoming job fairs across various states in India.  The job fairs will be held from 1st July to 15th July, 2024 according to the following schedule:   Date Name of Event Venue Organizer State 1st July Online Virtual Job Drive NCS Portal MCC […]

Employees Pension Scheme amended to offer withdrawal benefits to more members

The Employees Pension Scheme (EPS) 1995 has been amended by the Government of India to ensure that the EPS members having less than 6 months of contributory service will also be able to avail withdrawal benefits.  Due to the amendment in the EPS scheme, over 7 lakh EPS members every year, who leave the scheme […]

Byju’s Denied Clean Chit from Ministry of Corporate Affairs (MCA)

On 26th June, 2024, the Ministry of Corporate Affairs (MCA) issued a statement to clarify the ongoing investigation into the financial misconduct claims against Byju’s, an edtech company. Citing sources, a media report issued on 26th June, 2024, had said that the government investigation had cleared the struggling online-education startup of financial fraud. However, contrary […]

189 cases registered by Legal Metrology Department against Commodity Suppliers

The Legal Metrology Department (LMD) in Andhra Pradesh has registered 189 cases against essential commodities’ suppliers, according to the Commissioner of Civil Supplies Department. Among these cases, 110 cases were related to suppliers dealing in sugar, 74 cases were related to suppliers dealing in tur dal and 4 cases were related to suppliers dealing in […]

Global IndiaAI Summit 2024 to be held in New Delhi

To highlight the Indian Government’s commitment to AI’s responsible advancement, the Global IndiaAI Summit 2024 will be held on July 3rd and 4th in Bharat Mandapam in New Delhi, India. All the essential aspects of the AI ecosystem like Compute Capacity, Foundational Models, Datasets, Application Development, Future Skills, Startup Financing, and Safe and Trusted AI […]

Muthoot Microfin Secures IRDAI License to offer Insurance Products

Muthoot Microfin has been authorized by the Insurance Regulatory and Development Authority of India (IRDAI) to offer insurance products in India. This is due to the corporate agent license issued to the company by IRDAI, which enables it to offer insurance products to its customers while augmenting its sources of revenue and earnings. Muthoot Microfin […]