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...

Companies Restructure, Cut 3,00,000+ Jobs In 2022: Will 2023 Bring Stability?   We are at the business end of the year 2022, which has hardly been a smooth ride for the Corporate Job ecosystem. The year 2022 marked the end of Covid-19 restrictions and the resumption of most economic activity. However, be it recession, inflation, employment crisis, or economic downfall, the ghosts of the pandemic can still be seen in various forms. Adding up to the crisis were job cuts that turned out to be one of the biggest crises that hit the world on the sidelines of the 2019 global health emergency. Be it cost-cutting, performance-linked layoffs, restructuring purposes, or something else, we saw lakhs of job cuts this year. Worst of all, the economic downhill ride that began nearly three years ago has still not been curtailed. Amazon and Meta, two of the biggest tech behemoths, kicked out several thousand employees in 2022. Besides them, nearly other 600+ enterprises laid off more than 3,0...

 Moonlighting ethically Valid or not?? IT major Wipro recently fired 300 employees for moonlighting, the term used for working with other companies at the same time. What is moonlighting? Moonlighting refers to working additional shifts or jobs outside one's regular job, usually without the primary employer's knowledge. Companies have opposed the practice, claiming that having staff perform multiple jobs impacts their productivity. Working from home became the norm during the COVID-19 pandemic, allowing employees to take up additional work assignments. Same competency, double delivery. Two different laptops, same WiFi, catering to two different clients — all from the comfort of own home, in own hometown. It was impossible to catch them. Then who caught them? revealing the secret method companies apply to catch moonlighters. The most innocent looking, unassuming —provident fund contribution was the reason the employees were identified. A provident fund (PF) is a government retir...