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India’s Finance Minister Nirmala Sitharaman presented the Union Budget 2020 and announced an array of schemes and steps for micro, small, and medium enterprises (MSMEs) and for small businesses.
After demonetisation, the banks have been told to levy charges on any cash transactions going over a specific limit. Additionally, RBI has made it compulsory to scrutinise cash transactions which are unusual as several malpractices were observed when people did cash deposits of Rs.500 and Rs.1,000 notes during demonetisation.
Though having a big family has its own benefits, managing parents and your children can make your expenses go out of hands. However, by following some simple tips and rules, you can make sure that your finances are in control while making everyone happy.
In 2019-20 Union Budget, the Finance Minister has recommended to further consolidate all the gains under FDI so as to make India a more appealing FDI destination.
The newly-launched GST return system has brought about some major amendments in the method of reporting of supplies; however, it has its own advantages and disadvantages.