-:Acknowledgement:- Business Standard The Economic Times The Financial Express www.thehindubusinessline.com www.moneycontrol.com www.profit.ndtv.com www.anirudhsethireport.com www.msn.com www.livemint.com ….. and many more

The news related to economy, their key persons and business, focusing SMEs and are covered. The futuristic views or opinions of government officials are usually not incorporated; however a reputed institution’s independent views are well received. Impact of business policy initiation, notification, circulars or govt. reports is given preference.

8,32,499 assessees have filed returns in April 2016 8,32,499 assessees have filed returns in April 2016. 49% returns were filed outside office hours. Online tax calculator, in time IT returns availability and e-filing process simplification were the reasons to witness good response in April.

Rupee ends at over 2-1/2 month low, down 8 paise to 67 Rupee ends at over 2-1/2 month low, down 8 paise to 67.49 on persistent demand for the US currency from banks and importers amid higher crude oil prices and fall in domestic equities.

“Though India has done away with the licence raj, inspector raj continues to some extent. Provision of easy entry and easy exit, smooth availability of finance, access to input and output market, protection from creditable taxes and healthy competition in the sector are the areas need to be focused by the planners and the governments."

MCA has constituted IEPF Authority moving ahead with efforts to further strengthen the framework for safeguarding the interest of investors.  The authority needs to administer the fund and maintain separate records for CAG.

MCA has issued notification in respect of establishing Special courts 6 states and UTs for speedy disposal of Company Law cases. The process for establishment of the NCLT and its appellate tribunal are in the final stage. 

Online peer-to-peer lending platform i2ifunding Online peer-to-peer lending platform i2ifunding.com has raised 2 crore from three investors in its first round of funding. The platform has so far facilitated the disbursal of 50 lakh in loans at an average interest rate of 18-23 per cent.

The draft Geospatial Information Regulation Bill, 2016 has been uploaded on the website of Department of Science & Technology for public consultation till May 30.

National Green Tribunal Circuit Bench on May 23 banned light and heavy diesel vehicles, which are more than 10 years old, in six major cities. Violation may lead to environmental compensation of Rs. 5,000/-

Thank you… See you next week!