MSE Payments: Businesses Navigate New Tax Law
The new tax law under Section 43B (h) of the Income Tax Act, which mandates payment to micro and small enterprises (MSEs) within 45 days of delivery to claim deductions, is causing concern and leading to various strategies by businesses and vendors to mitigate its impact. The law aims to ensure timely MSE payments and […]
MakeMyTrip: Business Class Funnel for Business Travellers
MakeMyTrip, India’s leading online travel company, has launched a new feature for international flights called Business Class Funnel. The feature is designed to provide a different and enhanced booking experience for business and first-class travellers. It offers detailed information on premium experiences such as seat recline, position, in-flight entertainment, meals, and more. What is Business […]
Education Ministry and FIFA: Scoring for Sports Culture
The Ministry of Education has joined hands with FIFA to launch the Football for Schools (F4S) programme, which aims to promote football as a tool for education, development and empowerment of students across India. The programme will distribute 11 lakh footballs to more than 1.5 lakh schools in a phased manner, and train physical education […]
Punjab & Sind Bank and WDRA: Aiding Farmers with e-NWRs
Farmers in India can now avail low-interest loans against electronic Negotiable Warehouse Receipts (e-NWRs) thanks to a Memorandum of Understanding (MoU) signed between Punjab & Sind Bank (PSB) and Warehousing Development Regulatory Authority (WDRA) on 5 February 2024 . What are e-NWRs? e-NWRs are digital documents issued by registered warehouses that certify the ownership and […]