According to a government official, in the next three months, the Ministry of Corporate Affairs (MCA) is set to strike off up to 400 Chinese companies across 17 states due to incorporation and financial frauds. Presently, over 700 Chinese companies are under MCA investigation. Prolonged Investigations and Company Termination Process As per the officials, the inquiry on 600 Chinese companies is finished. “There will be a significant number of approximately 300-400 companies that will be de-registered. These companies include loan apps, online job companies, etc.” The Ministry of Corporate Affairs…
Tag: Financial
Post-dated cheque on crashing bank: Cong on financial packages for Andhra, Bihar | Delhi News
The Congress on Tuesday claimed that Finance Minister Nirmala Sitharaman had “pulled a fast one” on NDA allies in Bihar and Andhra Pradesh given that most announcements in the Budget will not see light of day for a few years. The move, said Congress general secretary Jairam Ramesh, was “a post-dated cheque on a crashing bank”. In a post on X, he also shared a media report claiming that financial packages for Andhra Pradesh and Bihar are likely to cost the Centre Rs 20,000-30,000 crore. “The non-biological PM’s Kursi Bachao…
Money Making Ideas: Where to Deploy Short-Term Money? 4 Financial Instruments to Park Funds
[ad_1] To build wealth, you need to make prudent investments to make your money work for you. Thankfully, there are several investment avenues where you can invest according to your financial goals, risk tolerance and liquidity needs. While long-term investing has always attracted attention, it is equally important to pay attention to Short-term investmentsWhich you can easily convert into cash within 1 to 5 years. Here are 4 financial instruments in which you can invest your short term money. 1. liquid fund Financial prudence called for emergency preparedness and COVID-19…
Poor financial condition of discoms poses risk to power traders: Fitch
[ad_1] New Delhi: Rating agency Fitch says the poor financial condition of state electricity boards could pose significant business risks to power traders in the country. In a report released today, Fitch Ratings It said the credit exposure of power traders has become “risky” due to the lack of profitability and liquidity faced by the state power companies. “If these utilities have liquidity problems that are causing delays or defaults in their liability for electricity traders, this in turn increases business risk for electricity traders,” it noted. This allows investors…
no harm | financial express
[ad_1] by Siddhartha Pai Last weekend, I saw a clip of Infosys Limited, Founder NR Narayana Murthy in conversation with Sherin Bhan, a TV journalist. The discussion was about the strong pipeline of Indian start-ups preparing themselves for an initial public offering or IPO, and Murthy was asked what his advice would be to the founders of these start-ups. Murthy said the day he and his founding team took “one paisa” from an outsider, the game of ball changed. He felt that he would have to act as a trustee…
Military Leadership: Learn More | financial express
[ad_1] By Lt Col Manoj K Channan Military leadership is interesting as to why some good people willingly follow his lead and sacrifice their lives for the flag of the country and the unit in which they serve. What is it that makes soldiers do what they do at a young age, when most youth have other attractions that provide those comforts, luxuries and substantial compensation/money multiplier opportunities? The old saying is good; “You can lead a horse to water, but you can’t make him drink water”. Serving in Defense…
TDS/TCS Rate Chart for the Financial Year 2022-23
[ad_1] section for payment of threshold limit TDS rate% 192 salary income income tax slab Slab Rates (Depending on old or new tax regime) 192A EPF – Premature Withdrawal Rupee. 50,000/- 10% TDS @ 30% if PAN is not available 193 interest on securities Rupee. 10,000/- 10% 193 interest on debentures Rupee. 5,000/- 10% 194 Dividend Rupee. 5,000/- 10% (No TDS on div payment by REIT/InvIT) 194A Interest other than interest on securities by banks/post offices Rupee. 40,000/- (Rs. 50,000/- for senior citizens) 10% 194A interest other than interest on…
6 Awesome Tips on How Tax Saving Can Help You Achieve Financial Freedom
[ad_1] The desire for financial freedom is something that many people have in mind. Yet, very few people actually try hard to realize this goal. Many young investors mistakenly think that financial freedom involves living skimpy and sacrificing life’s little joys. This idea is not correct. The truth is that you can achieve financial freedom by leading a disciplined financial life. Using available tax breaks wisely is something that goes a long way in increasing your chances of achieving this goal on time. This article explains the various tax-saving opportunities…