RBI Governor Shaktikanta Das Addresses Media On Emergency Rate Cut

Reserve Bank of India Governor, Shaktikanta Das addressing a press conference announced that the Monetary Policy Committee (MPC) met ahead of time and voted for an emergency rate cut of 75 basis point, effectively taking the repo rate to 4.4% from the earlier 5.15%.

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Here's All You Need To Know About Indian Digital Tax

The Covid-19 outbreak has compelled businesses to transcend from traditional to digital models of work. With business models evolving on account of mass digitization, the complexities from a regulatory and taxation standpoint have only amplified. The advent and access to technology have enabled businesses to carry on business-as-usual with minimal physical presence. Unsurprisingly, India has the second-largest online users in the world, with over 560 million internet users, and hence, from the viewpoint of its tax revenue base, digital businesses could not be overlooked. However, as is the case in other jurisdictions, Indian tax laws were suited for conventional business models such as brick and mortar stores and thus in dire need of an overhaul. Recent Amendments To ensure that value created digitally is appropriately taxed; two significant amendments were introduced in Indian taxation laws in the recent past – The “Equalization Levy” – a tax aimed at foreign digital...

Critical Analysis of the Companies (Amendment) Bill, 2020

Amendment to the Companies Act, 2013 (‘the Act’) seems to be a routine activity of the Indian Government. The Act was amended by the Companies Amendment Act, 2015, 2017, 2019 and now, in 2020 (as proposed). Every time, the object of the amendment is different – from the ease of doing business to ease of living for corporates. With the Government’s objective of facilitating greater ease of living to law-abiding corporate, it had constituted Company Law Committee (‘Committee’) on September 18, 2019. The overall objective of the Government and the Committee was to decriminalize some more provisions of the Act based on their gravity and to take other necessary measures to provide further ease of living for corporates and companies in the country. The Committee submitted its report in November 2019. Based on the recommendations of the Committee and an internal review by the Government, the Companies Amendment Bill, 2020 proposed amendment to various provisions of the Ac...

Why You Should Not Use Credit Card..!!

Do you make purchases using credit cards? Does one want to understand why you should not be using credit cards? A number of you'll think that employing a card is intelligent. There're basically three reasons that cause you to feel so: • Reward points like cash back • Zero interest if you pay on time • No got to carry cash We hardly got to pay the cardboard issuing bank anything aside from the minimum annual fee. Then how do these banks earn profit using their customer? Let's explain with an example: We use Facebook for free of charge, right? Then how does Facebook make money? They use our personal data, likes and dislikes to point out the target ads which match our needs. Now you get the purpose that there is nothing free within the world. Can you outwit the master/visa card companies? When you use a card, the parties involved within the transaction are: • The cardholder • The merchant • The merchant's bank Each time you (the cardho...

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