Renuka Jain

First and foremost, I commend the efforts of Narendra Modi Sir in combating black money and taking various measures to curb its circulation.First demonetisation in 2016 and now Phasing out of 2000 re note. The intent is excellent but results may not be as desired As in 2016 many got away by exchanges notes from banks, buying gold and Hawala transactions. That time I had requested government with my blog , that introduce zero percent coupon bonds for five years and let the money come into system. My gratitude the government introduced them, but it was too late and by that time, all old notes were taken care of. This is link to my blog in 2016 https://renukajain.blogspot.com/2016/11/cash-may-no-longer-be-king-in-india-in.html The same is happening post RBI announcement of phasing out of 2000 Re note. However the history is repeating. Money going into gold, dollars and exchanges happening.  However, I would like to propose a new approach that can potentially lead to a signific...

  How Indian economy is doing after the COVID outbreak and the impact of the Russian Ukraine war on Global economy including India. How India overcame Covid crises and Economy bounced back  20 lac crore stimulus Steps for MSME ◘   Collateral free loan of Rs 3 lakh crores for MSMEs — a move that'll enable 45 lakh units to restart work and save jobs. ◘     Rs 45,000 crore partial credit guarantee scheme 2.0 for NBFCs. The first 20% loss will be borne by the guarantor that is the government of India. Migrants  ◘     Free food for migrants For those migrants who don't have NFSA cards or state cards, 5 Kgs of wheat or rice per person and one kg channa per family per month for next two months to be provided and it will reach through the state governments. This will entail Rs 3,500 crore and is likely to benefit around 8 crore migrants. ◘   ONE NATION ONE RATION CARD ◘   Street Vendor Special scheme for street vendors to avail Rs 5,000 cro...

Suggestive Direct Tax Propositions for Budget 2021 The present applicable tax rate in case of domestic companies with turnover up to Rs. 400 cr is 25%. Option to opt for Lower tax rates of 22% in case of certain domestic companies is available u/s 115BAA. Further, option to opt for even lesser tax rates of 15% is available for certain domestic manufacturing companies in terms of Sec 115BAB. Whereas the applicable rate of tax in case of partnership firms and Limited Liability Partnerships (LLPs) is 30%. This creates huge tax disparity. It is understandable that in order to encourage the organised sector, the government has offered lower tax rates for companies.   But even on that pretext the tax rates are really partial towards LLPs which are also duly registered with MCA, follow various compliance requirements including filing of Annual Return and Statement of accounts with ROC, as they fail to enjoy the advantage of lower tax rates. All the information of LLPs is duly available on...

16 July 2020 India Sectoral Research FMCG FMCG – Investment Prospect Mutual Fund Recommendation                                                                                                                        What's driving FMCG growth? • Rural areas and essentials driving sales for companies • Contribution of rural to overall FMCG sales : 33% • FMCG capac...