Category: Finance

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Micro, Small and Medium Enterprises Development Act, 2006

Introduction  The Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006 is a crucial legislation in India aimed at promoting, developing, and enhancing the competitiveness of micro, small, and medium enterprises (MSMEs). Its objective is to provide Promotion and development, enhancing Competitiveness of MSMEs.  Applicability: Under the MSME Development Act, 2006; vide notification dated 26th […]

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500 & 1000 Rupee currency banned: An initiative for a glorious future

With the announcement of the Hon’ble Prime Minister banning Indian Currency of Rs. 500 & Rs. 1000, the Voluntary Disclosure of Income Scheme, gold monetization scheme, opening of bank accounts, etc. everything seems to have fallen in place. This proves that it is not just an impromptu decision taken by the government, It was a move planned […]

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