51 absconders who left country defrauded over Rs 17900 crore; CBI probe underway: Government
The Central Bureau of Investigation has reported that as on date, 51 absconders and proclaimed offenders in 66 cases are known to have left for other countries.
Registrars of Companies removes 3.39 lakh companies in last 2 fiscals
Minister of state for corporate affairs Anurag Singh Thakur said that t...
Over 3.38 lakh cos deregistered in last two financial years: Govt
The Corporate Affairs Ministry has removed the names of these companies for...
Bill introduced to raise cap on chit fund collections
Minister of state for finance and corporate affairs Anurag Singh Thakur said a government-constituted key advisory group (KAG) and the parliament’s standing committee on finance had both recommended changes to the legal and regulatory framework for chit funds for the orderly growth of the sector.
Education received major chunk of CSR spend by corporates: Government
The CSR activities taken up by the companies relate to various sectors including education, healthcare, sanitation, environmental sustainability, poverty alleviation and skill development.
Corporate CSR funds not to go into govt projects
Thakur also clarified that corporates could now count contributions towards designated technology incubators and contributions to public funded universities, Indian Institutes of Technologies (IITs), national laboratories and autonomous bodies engaged in research as part of their CSR expenditure.
Corporate tax reduction to boost growth, investment: Anurag Singh Thakur
On corporate tax reduction, Thakur said new investment will help create lot of job opportunities in the country.
Govt to take call on relief in income tax at appropriate time: Anurag Singh Thakur
After the govt lowered the corporate tax, there has been a clamour for raising income tax exemption limit to push demand.
National CSR awards on October 29
Companies with a minimum net worth of Rs 500 crore, turnover of Rs 1,000 crore, or net profit of Rs 5 crore are required every year to spend at least 2% of their average profit for the previous three years on CSR activities.
Working on MSMEs reforms to push its GDP share to 50%: Nitin Gadkari
The ministry is working on the recommendations of the Sinha Committee to help reform the MSME sector, which aims to contribute 50% of the GDP, from 29% now, MSME minister Nitin Gadkari said.
IBC improves business climate by allowing easier exit: Nirmala Sitharaman
FM said IBC has created a set of professionals who help, advise and also show the path through which businesses can exit if situations are adverse.
No separate law yet to ban cryptocurrency in India: Anurag Singh Thakur
The minister’s response comes at a time when the Supreme Court is set to hear a case related to the ban on cryptobanking next week.
Govt’s vision of doubling farmers' income by 2022 pragmatic: Anurag Singh Thakur, MoS
Currently, agriculture is not seen by the rural youth as a very remunerative occupation and the government under its mega plan to double farmers’ income by 2022, wants to change this notion, Singh said.
Thakur bats for Startups in Agri to create jobs
Thakur further said the government is committed to achieving $5 trillion economy by 2024-25.
Parliament passes bill to curb ponzi schemes; protect poor investors
The Rajya Sabha passed with voice vote the bill which would save gullible investors from ponzi schemes.
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