NEW NORMAL

 A few years back financial experts use to say even if there is no government  India will still grow That time we had multiple issues in governance. Policy paralysis and political instability were major concerns. Now in the last six years, we have seen governance issues get sidelined but there are policy decisions that getting executed. There is still a lot going on in the market, but one change we noticed but yet to see the changes in the ground. The decision to take budget making and getting it cleared by parliament by the end of March of every year. More precisely by 31st March every year. Up to 2018, we had a similar process, but the time to complete the whole thing used to take the end of April every year. This means we had only six months to complete the project for a whole year. Let's understand the budget process, pre-budget consultation, budget making, and presentation. After this budget is discussed in parliament along with the standing committee of each ministry. Th...

 Five years ago we started our journey on Vasant Panchami, with the aim to give services which are actually in need of everybody. That was a time when we had no roadmap to achieve our targeted goal. Subsequently, we have added more products for our esteemed customers. Today when we have completed the journey of five years, everything which we saw is just the best experience of life. There is a good and bad instance in the journey but it was needed to bolster our determination. Now we are moving to the sixth year of our journey we are confident of achieving goals that we set for ourselves also for our patrons who stayed with us throughout the journey. Our offerings are ever-increasing for retail and corporate clients. But this is not just a statement from our side but it is actually happening with us.  There is a demand for different services from you and we are proud that we are actually delivering the same desired by you. The required ecosystem and processes which are the bac...

 Last week we saw a few things in the new budget Now we will conclude this with a few things which will impact us positively soon. As the startup ecosystem is being developed by the government, the system took only one view of funding, and then the tax regime came into the picture, for the exit of the funding organization. But one thing which is not gone with the regime is that in case of failure of enterprise what will be implications. Till now we are seeing most of the startups are proprietorship concerns, in case of failure funding agencies do not take it as a genuine failure but they start their usual recovery process with criminal proceedings. In the budget, LLP is being a failure will not be a criminal offense. It will be a civil offense, which will encourage more people to take risks. The risk and reward theory always works in its own way. One major announcement is that one person company notification will be issued shortly. There will be compliance, as more compliance more ...

 Just 48 hours back Finance Minister presented the budget for FY2021-2022. Lots of analysis is going on. We are listening from various sources to the pro and cons of the budget as well as the pluses and minuses of it. Before going forward we will look at the current condition of the economy first, the first indicator is GST collection for the month of Jan2021 it's an all-time high. In fact, if we see the total unlocking of the economy overall GST collection, as well as E-way bill, is increasing. Expert calls it to paint up demand or V shape recovery, but demand for goods and services was and is there in the market. But overall data which was released by  RBI from time to time showed resilience in the economy, During the covid-19 due to bumper crop, rural demand was there, after unlocking urban demand also came. First, there was job loss in the initial period but going forward it's not the main issue as rules relaxed business started running at a normal pace. Now the government...