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MCA to launch of National CSR Exchange Portal

  Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to launch the Iconic Day celebrations of Ministry of Corporate Affairs at Vigyan Bhawan tomorrow To commemorate Amrit Mahotsav, MCA to launch of National CSR Exchange Portal MCA to release commemorative Postal Stamp on Investor Awareness  A short film on the evolution of Corporate Governance in India will be released  Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman will flag off the Iconic Day celebrations of Ministry of Corporate Affairs (MCA) during Iconic Week of Azadi ka Amrit Mahotsav (AKAM) as a part of the mega celebration of Ministry of Finance and Ministry of Corporate Affairs in New Delhi, tomorrow. The Iconic Day will be celebrated at the Plenary Hall, Vigyan Bhawan. Union Minister for Finance and Corporate Affairs will grace the occasion the as the Chief Guest and Rao Inderjit Singh, Minister of State for Ministry of Corporate Affairs & MoS (I/C) Ministry of Statistics an

RBI steps in to stem rupee fall, defends 77.50 per dollar level

  A day after the rupee hit an all-time low and breached the 77 per dollar mark, the Reserve Bank of India (RBI) on Tuesday intervened heavily across foreign exchange markets — spot, futures, and off-shore — which stopped the rupee from going past the 77.50 per dollar level, currency dealers said. The Indian currency opened at 77.29 per dollar after closing at 77.46 on Monday. State-run banks sold dollars heavily, on behalf of the central bank, at 77.42 levels, the dealers said. The rupee ended the day 77.33 per dollar, up 14 paise from the previous close, after touching the day’s low of 77.45. “The RBI protected the rupee, preventing it from hitting 77.50 levels. We have seen dollar selling in those levels,” said Amit Pabari, managing director, CR Forex.. In a Business Standard poll on Monday, most participants expected the rupee to breach the 78 per dollar mark by the end of this month, while some projected the rupee to breach 79 per dollar levels by the end of the quarter. “There wa

Concept of Angel Tax & Taxability under Income Tax Act 1961

  As you are aware that finance is the most important driving force in our society and the country. Your bank balance determines your status in the society. Your living of standard shows your financial position and your acceptance in the society and your relatives. So finance is the most important aspects of a human life. Same concept is applicable in commercial line also or in business environment. A person having innovative, new, useful idea if do not have money or finance , then he is not able to show his ideas/thoughts /products to the people and hence there is no value of thoughts unless it comes by way of some work in the market.   Same way our new entrepreneurs , developers, IT professionals etc., have new thoughts , ideas, and inventions but they lack financial support. Here “ Angel Investors” enters , these are High Wealth Individuals ( HNIs) generally belong to rich families or officers of various multinational organisations ,who have resigned from their jobs and are in searc