Section 80 IAC of the Income Tax Act, is the provision that allows recognised startups to get a 100% tax exemption for 3 consecutive profit-making years. This can be said to be one of the most important benefits of startup India registration. Newly established and incorporated startups often face shortage of financial resources during their initial […]
Home Loans, Mortgage Loans or any type of Loans, customer usually starts to make payment of Interest from the date of disbursement of loan even though they don’t receive actual funds in their bank accounts. Banks/NBFCs loan management system (LMS) starts charging interest on principal amount disbursed as per repayment schedule drawn post disbursement of […]
The Reserve Bank of India (RBI) has recently implemented regulatory measures aimed at addressing the rapid growth in consumer credit and the increasing dependency of Non-Banking Financial Companies (NBFCs) on bank borrowings. In a statement dated November 16, 2023, Governor Vaibhav Chaturvedi highlighted the need for banks and NBFCs to strengthen their internal surveillance mechanisms […]
‘Home’ brings to mind comfort, joy, pride and family time. Every homeowner will tell you that her home gives her a sense of identity and its ownership is sacrosanct; this is one asset she would never trade for anything in the world. To experience this sense of ownership, pride and joy, now would be a good […]
The Insolvency and Bankruptcy Board of India (IBBI) has proposed five broad changes, including operating a separate bank account for each real estate project, executing registration/sublease deeds with approval of the Committee of Creditors (CoC) during the resolution process and allowing CoC to examine and invite separate plans for each project. To address issues faced […]
The Reserve Bank of India (RBI) has recently issued a circular (RBI/2023-24/81) expanding investment opportunities for non-residents in the Government Securities market. The circular, dated November 08, 2023, includes Sovereign Green Bonds in the ‘Fully Accessible Route’ (FAR), opening new avenues for investors. This development holds significant implications for both domestic and international investors seeking […]
The Reserve Bank of India (RBI) has asked banks to maintain an incremental Cash Reserve Ratio (ICRR) of 10 per cent on the increase in their deposits between May 19 and July 28 to suck out excess liquidity in the banking system. Bank does not earn interest on CRR maintained with RBI and neither can it use […]
Inflation and interest rates are inversely proportional. People borrow more from banks and save less when interest rates are low. This increases both the supply and demand for money in the economy. As a result, commodity prices rise, causing inflation. In this scenario, the RBI raises interest rates in order to reduce the money supply. […]
