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RBI governor Says low rate funds for performing NBFCs

Reserve Bank Governor Shaktikanta Das on Thursday said the market had differentiated between the good and not-so-good non-banking financial companies (NBFCs) and the better-performing firms were able to access funds at pre-IL&FS rates. Currently, “good NBFCs” are able to raise three months commercial paper (CP) at 5-6 per cent interest rate, but the not-so-good

By |2019-12-10T15:51:49+05:30December 9th, 2019|Accounting Services, Company Formation in India, Company Incorporation, Company Registration in Hong Kong, Design, Technology|Comments Off on RBI governor Says low rate funds for performing NBFCs

Impact of tax cut 2019

On sept 20th 2019 the Finance Minister surprised everybody a pleasant surprise indeed when she came out and made a series of announcements to revive a sagging economy. This was the government's decision to reduce the corporate income tax rate from about 30% to an effective rate of twenty 25.17% this has been an assistant

New scheme of SIDBI

SIDBI Loan for MSME New scheme of SIDBI "SPEED" for machinery purchase for MSME To facilitate the flow of credit to Micro Small and Medium Enterprises (MSMEs) for investing in machineries, Small industrial Development Bank of India (SIDBI) has recently launched the new scheme called SIDBI-Loan for Purchase of Equipment for Enterprise Development (SPEED) for

India’s New Direct Tax Reforms 2019

The Big Direct Tax Reforms 2019 By Modi Government 2.0 Writing a new income tax - It has been attempted several times before in the last 3 decades but only to fall by the wayside ... in the last decade twice the then Finance Ministers Mr. Chidambaram and Mr. Pranab Mukherjee tried to leave their

By |2019-08-20T10:52:59+05:30August 20th, 2019|Accounting Services|0 Comments

India Private Limited Company Incorporation

What is Private Limited Company? 1. It is a legal Entity approved by the Ministry of corporate affair India incorporated under Companies Act 2. Having feature of Limited Liability which means liability of the members will be limited. 3. Most reliable company setup Model as compare to other company setup model models like Sole Proprietorship,

By |2019-08-01T13:39:20+05:30August 1st, 2019|Company Incorporation|0 Comments

5 Financial Corporate Risks

                          5 financial Corporate Risks   I know a CEO who likes to say, "You never go broke by making a profit. “When it comes to business, truer words have never been said. But in the quest to make a profit, companies face a number of financial risks. Risks that are directly related to turning a profit, managing financial market