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2020

How to Fight Economic Effect of Coronavirus 

A year ago no one knew about Corona. Today, there is hardly anyone who does not know about it. Knowing is one thing. Countries and people face a bleak future in the post Corona devastated world. Apart from social distancing this malignant virus is nuking economics of countries in a way that has never happened before, not even during world wars. Life is grinding down to an excruciatingly painful slowdown. Stock markets have crashed to abysmal lows and the end is not in sight. Severe restriction on movement drastically affects daily wage earners. The economic effect of coronavirus is projected to have a ripple effect in the time to come. UNCTAD estimates the world as a whole will suffer a loss of over $ 1 trillion and that is a modest estimate. Even cryptocurrencies are bottoming out.

Archive


2020

Corporate Social Responsibility CSR of Companies in India

The Companies Act, 2013 lays down the provisions requiring corporate to mandatorily spend a prescribed percentage of their profits on certain specified areas of social upliftment in discharge of their social responsibilities. Broadly, Corporate Social Responsibility implies a concept, whereby companies decide to contribute to a better society and a clearer environment – A concept, whereby the companies integrate social and other useful concerns in their business operations for the betterment of its stakeholders and society in general.

2020

Public Provident Fund Investment Best of Both Worlds

The Public Provident Fund is a savings-cum-tax-saving instrument in India, introduced by the National Savings Institute of the Ministry of Finance in 1968. The aim of the scheme is to mobilize small savings by offering an investment with reasonable returns combined with income tax benefits. The scheme is fully guaranteed by the Central Government. Balance in PPF account is not subject to attachment under any order or decree of court except the Income Tax & other Government authorities can attach the account for recovering tax dues.

2019

Things that you must know about Employee Provident FundEPF

What is EPF?

  • Employee Provident Fund (EPF) is a scheme regulated by central government under ‘The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952′ which came into effect from 1951 which extends to whole of India except Jammu & Kashmir.
  • EPF is one of the most beneficial investment methods for salaried employee.
  • Government has initiated EPF registration and made it compulsory with certain conditions mainly for cultivating the habits of saving for all employees working in private sector, public sector or even in government undertakings.

2019

Policy Measures for Revival of Indian Economic

Data indicates the United States, the world’s largest economy, may be headed for another recession. This could lead to another global economic slowdown. Many of the world’s other top economies may also be headed for troubling downturns.

The turmoil over Brexit has partly led the UK’s economy to slowdown in the second quarter. Growth has also stopped in Italy, amid political crisis and situation does not seem to be improving soon. Germany’s economy declined in the three months before June, according to new numbers, a troubling sign for the world’s fourth-largest market.

Argentina just went through one of the worst stock market crashes in decades after an allegedly corrupt politician nears power once more. Brazil and Mexico, two leaders of Central and South America’s economies, are expected to perform weakly this year.

Japan faces a recession, and it’s recently entered into a trade dispute with South Korea. Singapore, another Asian economic engine, is also on the brink of recession. Months of protests in Hong Kong have brought the financial hub’s economy to a standstill, and also there is a looming threat of a possible Chinese military intervention. On top of it all, China’s growth rate has slowed due in large part to the trade war launched by President Donald Trump.

2019

Notified Changes in Format of Form 16 Salary Certificate

The Central Board of Direct Taxes has notified the changes in Form 16 (TDS Deduction Certificate) issued by Employer. The new changes would be effective from May 12, i.e. before the last date for issue of Form 16.

Financial Management