HENCY R SHAH AND ASSOCIATES

"Empowering Entrepreneurs: Celebrating the 8th Year of Mudra Loans and counting" MUDRA loan is a financial initiative launched by the Government of India on 8th April 2015, to provide financial support to small and medium enterprises (SMEs) in India. MUDRA stands for Micro Units Development and Refinance Agency Ltd. It is a subsidiary of the Small Industries Development Bank of India (SIDBI) and acts as a refinancing agency for microfinance institutions, which provide loans to small businesses. The primary objective of MUDRA loan is to promote entrepreneurship and boost the growth of small businesses in India by providing them with easy access to credit. The loan scheme is available for various sectors such as manufacturing, trading, services, and agriculture. MUDRA loans are classified into three categories based on the loan amount, namely, Shishu, Kishor, and Tarun. Shishu: This category covers loans up to INR 50,000, which are typically provided to small businesses that ar...

  US Banks Collapse: Could the US bank crisis be blessing in disguise for Nifty bulls, OR are we heading back to 2008? A week after Silicon Valley Bank and Signature Bank failed, First Republic Bank is considering a sale following a dramatic 60 percent drop in its stock price over the past week. The bank also received $70 billion in emergency loans from JP Morgan Chase and the Federal Reserve. Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis. The rescue package brought back memories of the 2008 financial crisis, when banks collectively came to the aid of weaker banks in the early days of the crisis. Banks then bought each other in hurried deals in order to keep the crisis from spreading further. With FIIs pulling out more dollars from India after back-to-back collapse of three US banks, including Signature and...

  Budget Expectation 2023 Countdown has begun for Budget 2023. Here are a few expectations from Union Budget 2023: Education sector deserves a top spot in this year's Union Budget Increase section 80C limit to Rs 2 lakh Expectations on Cybersecurity in India Government must enhance old regime tax slabs Startups seek a simplified tax regime, reduction in MAT Budget should encourage investments in core R&D on AI and Robotics Budget must create a favorable climate to make India a part of the worldwide supply chain Budget should focus on falling imports, the impact of a slowdown Industry looking forward to policy announcements and allocations designed to support startup ventures Enable SaaS start-ups to navigate compliance and legal requirements faster Corporates seek tax relief measures for work from home employees Digitization has eased tax compliance Hike standard deduction to Rs 1 lakh Unified income tax filing form Income Tax relief for small taxpayers Tax kit...

Rise of the unbelievable world: AI and Businesses AI is a rapidly growing field that is having a significant impact on businesses of all sizes and industries. AI is the simulation of human intelligence processes by computer systems and it is being used to automate various tasks, analyze data, and make predictions and decisions. One of the most common applications of AI in businesses is the automation of routine tasks. This includes things such as data entry, customer service, and even financial analysis. By automating these tasks, businesses can save time and money, while also increasing efficiency and accuracy. Another key application of AI in businesses is the use of data analysis. With the increasing amount of data being generated by businesses, it is becoming increasingly difficult for humans to make sense of it all. AI can be used to analyze this data and uncover insights and patterns that would not be possible for humans to detect. This can be used for things such as marketing, f...

IMF, World Bank sound alarm about global economic outlook T he International Monetary Fund, World Bank and others raised concerns about a worsening global outlook, while hopeful that China’s reopening will help support world growth. IMF Managing Director Kristalina Georgieva said indicators show further downgrades to global growth are likely. Speaking Friday after a meeting with China’s Premier Li Keqiang in Anhui province, Georgieva said China’s recalibration of its Covid policies would be a good thing for the domestic economy and the rest of the world. The IMF currently forecasts global growth will be 2.7% next year, slowing from 3.2% this year. The meeting was part of the “1+6” dialogue that China holds every year with heads of the IMF, World Bank, OECD, World Trade Organization and others. David Malpass, head of the World Bank, was also downbeat about the global outlook. "I’m deeply concerned that the world is at risk of a global recession,” Malpass said, warning of the potent...

India’s G20 presidency will be inclusive, decisive, action-oriented India will formally begin its G20 presidency on December 1 and host the next summit in New Delhi in September 2023. India will make the G20 a “catalyst for global change” and its presidency of the group in 2023 will be inclusive and action-oriented. As the G20 presidency was handed over to India by Indonesia, Modi said the country will work for collective action on global challenges such as food and energy security. In an address at the closing session, Modi noted India is taking charge of the G20 at a “time when the world is simultaneously grappling with geopolitical tensions, economic slowdown, rising food and energy prices and the long-term ill-effects of the pandemic”. “Together, we will make the G20 a catalyst for global change,” he added. India’s theme of G-20 chairmanship – ‘One Earth, One Family, One Future’. Modi said India will strive to ensure the G20 “acts as a global prime mover to envision new ideas and a...