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bizzday-blog · 6 years ago

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Trending Domain Valuation and Domain Flipping Business

The advancement of technology has given birth to a new trend of business i.e., Domain Flipping. In a layman’s language Website flipping is buying, improving and selling websites. It is just a like Real Estate Industry wherein one purchase a property in some, renovate it and then sell it at higher prices. The only difference is websites are intangible assets whereas properties are tangible one.

If you are either looking to buy a website or sell a website it is an easy task altogether, or you are looking for a Profitable Website for sale, or a Profitable Company for sale or an online business for sale, and selling or buying related requirements you have, you need a business broker for sure, who can help you greatly not only to buy exactly what you want but also provide you the guidance to make the best choice out of all the available ones.

There are so many online business brokers to help you buy or sell a profitable website without any hassle, all you need is a website or domain name. Some popular business brokers are Bizzday.

WHAT IS A DOMAIN NAME?

A domain name is actually your website’s name. You can’t have a website without a domain name. A domain name is the addresses where Internet users can access your website just like your house address which helps people know where you live; same ways a domain helps customers drive directly to your website. Without a domain name, no one would be able to find or identify you online. The domain name is the first and foremost step in selling or buying of any website.

HOW VALUATION OF WEBSITE DO TAKES PLACE?

Well, there are various online portals or brokers who look after the valuation of your business before selling it to a customer who is as passionate as you. In case you are a buyer, then also the website you want to purchase through an online the website which you seek to buy will be valued first before you make your final mind to buy it. There are several tools for that, used by online brokers. Like a website appraisal tool calculates a domain value in bulk and website traffic information with the help of myriad online sources, based on all the information, gives you most reliable results without taking any cost from you. There are many such website traffic estimator tools which are freely available to calculate domain value and site traffic information.

WHY SHOULD YOU NEED AN ONLINE ADVISOR/BROKER FOR SELLING OR BUYING A WEBSITE? If you want to go for a hassle-free buying or selling of a website or sell a business then for sure you should go through a business broker or an online business advisor. Online business brokers will help you find a high-quality website for sale that meets your criteria implicitly. Every website that you find placed/listed in an online booking advisory are scanned extensively by their in-house due diligence experts. There you will only find the list of highest quality internet businesses for sale. Not only has this, but their in-house experts also provide you with their expert guidance in buying/selling a profitable website, ensuring all your buying goals are met.

There are various benefits of selling/buying a business through a reputed online broker. There are so many in the market, can help you find the right website, having a team of experts who offers their indispensable advice during the entire process from soup to nuts. These online platforms are predominantly meant to save your time, efforts and money in the process. They are there to help you with your happy and effortless business.

WHO CAN HELP YOU BUY/SELL A WEBSITE? Bizzday.com is implicitly fashioned and designed to help you in your quest of buying/selling a website in India, or other parts of the world. Bizzday.com is the World’s biggest and leading online business exchange platform where you have direct access to a global network of established pre-qualified investors. With bizzday, you can easily get exactly what you are looking for. Bizzday is a platform to help you grow and expand in the business of your interest. It is a marketplace to connect businesses and potential buyers. If ever you have dreamt of owning your own website then bizzday is the place for you. An online business exchange company, a platform providing simplified business listings for selling, buying, Leasing across the globe.

It’s a huge collaborative explosion of a business network to exchange business ideas. You can sell a website here on bizzday and can also find out profitable websites for sale, profitable company for sale, also you can sell your business here. Bizzday.com not only provides you the platform to sell a website but also align you with respective buyers who are as passionate as you, to help you get maximum value for your business.

Bizzday takes care of all your needs related to flipping and valuation of a website. 95% sales success rate to date. Bizzday provides highly efficient and data-driven process, have a team of professionals to help you with personalized services without any upfront charges. Bizzday is an absolutely FREE portal to help you accomplish your goals, meet them and help you become a proud owner of a profitable website. The process Bizzday follows is 100% confidential.

WHAT ALL YOU NEED TO DO?

Bizzday is a platform where you have the prerogative to directly communicate offer verbally or in writing with the seller. Bizzday.com is a highly secure online platform to buy or sell any business. Their team of highly qualified professionals scrutinizes the operations and financials of the business in more detail. Ensure that no material misrepresentation(s) have been made during the course of the sale and marketing process. Bizzday does all the hard work for you just to make your life easy.

Are THERE ANY CHARGES INVOLVED?

The best part of associating with Bizzday.com is that there are no charges involved in the buying or selling of a business. Bizzday.com is absolutely FREE online broking advisory platform to help you achieve your goals. Having a variety of websites for sale to suit your acquisition requirements. With a wide variety of internet businesses and online business for sale, Bizzday finds the perfect business for you.

Bizzday.com is the world’s leading online booking advisory, have the largest full-time team of experienced professionals in the industry of selling websites and internet businesses. Bizzday.com values its customers and hence predominantly focused on providing the best of the services to its customers. Bizzday.com completes the sale of more 5 and 6 figure businesses than any other online business broker in the industry.

If you are looking to buy a website then Bizzday is the right place you are in…. We don’t speak much about ourselves, our work does!!

Source: https://bizzday.com/blog/trending-domain-valuation-and-domain-flipping-business/

#Profitable Website For Sale #Sell A Business #Website For Sale #Restaurants For Sale

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insightonlinenews · 5 years ago

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15 Measures to Revive Economy, Big Takeaways For MSMEs, NBFCs

Union Finance Minister Nirmala Sitharaman has come out with 15 new and some enhanced measures to revive businesses, and support workers via fiscal incentives and regulatory easing under the mega stimulus package — Self-Reliant India Movement — which was announced by Prime Minister Narendra Modi on Tuesday evening.

Accordingly, on Wednesday, Sitharaman announced the slew of fiscal and regulatory measures for MSMEs, real estate, NBFCs, power distribution and general businesses and workers.

She attempted to decrease the regulatory burden on companies while increasing the take-home pay of employees via these measures.

In terms of takeaways, the biggest was for the MSME sector which is considered to be the backbone of economic activity.

As a major reform measure for the sector, the Centre has decided to give a new definition to MSMEs.

This will denote the type of companies that will be included in the sector. Specifications wise, the investment limit for defining MSMEs has been revised upwards.

Besides, she highlighted that additional criteria such as turnover have been considered for defining MSMEs.

In terms of fiscal measures, the Minister announced that Rs 3 lakh crore “Collateral-free Automatic Loans” for businesses, including MSMEs, will be provided to meet operational liabilities built up, buy raw material and restart the business.

She announced another scheme worth Rs 20,000 crore for “Subordinate Debt for Stressed MSMEs”.

A Rs 50,000 crore “Fund of Funds” for MEMEs which face a severe shortage of equity was also announced.

The Centre has also decided not to go in for global bidding for government procurement for tenders up to Rs 200 crore, thereby, promoting the participation of MSMEs, she said.

Furthermore, e-market linkage for MSMEs will be provided and that the CPSEs will pay all receivables to MSMEs within 45 days.

Besides MSMEs, a Rs 30,000 crore special liquidity scheme for non-banking finance companies (NBFCs), housing finance companies (HFCs) and micro-finance institutions (MFIs) was announced.

This scheme will provide investments in both primary and secondary market transactions in “investment grade debt paper of these institutions”.

The minister said the scheme will support the previous initiatives of the government and the central bank to boost liquidity.

The securities under the scheme will be fully guaranteed by the Central government. Further, the FM has also announced Rs 45,000 crore partial credit guarantee scheme for NBFCs.

Under this measure, the first 20 per cent loss will be borne by the Centre, and even unrated papers will be eligible for investment, enabling NBFCs to reach out even to MSMEs in far-flung areas.

Additionally, a Rs 90,000 crore liquidity injection plan was announced for the financially stressed power distribution companies.

This plan will allow these entities to clear their dues towards power generation companies.

As per the plan, the liquidity window for discoms was essential as its revenue has plummeted and they are in the midst of unprecedented cash flow problem accentuated by demand reduction during the current lockdown.

The scheme will allow power sector financiers — PFC and REC to infuse liquidity of Rs 90,000 crore to discoms against receivables.

Loans will be extended against State guarantees for the exclusive purpose of discharging liabilities of discoms to gencos.

Apart from discoms, relief steps for the real estate industry were also announced.

The Minister stated that Union Ministry for Housing and Urban Affairs will issue advisory to states and union territories to declare the Covid-19 situation as a ‘force majeure’ under the Real Estate (Regulation and Development) Act.

With this move, the government has allowed the suo-moto extension of the registration and completion date by six months for all registered project expiring on or after March 25, 2020, without individual applications.

Simultaneously, to give regulatory relief to businesses Sitharaman announced a six-month extension of contracts for contractors by all central agencies and departments including railways, the Central Public Works Department, and Ministry of Road Transport & Highways.

The extension would not come with any cost for the contractors, she said. This scheme covers construction works and goods and services contracts.

It also applies on obligations like completion of work, intermediate milestones and extension of concession period in public-private partnership contracts.

The minister also announced that government agencies will partially release bank guarantees, to the extent contracts are partially completed, to ease cash flows.

Finally to provide more money into the taxpayers’ hands, Centre decided to reduce the TDS (tax deduction at source) rates for non-salaried specified payments made to residents, and the TCS (tax collection at source) rates by 25 per cent for the specified receipts.

Sitharaman said the move would release Rs 50,000 crore liquidity.

As per the announcement, the reduced TDS rate will be applicable to the payment for a contract, professional fees, interest, rent, dividend, commission and brokerage. It will be applicable for the remaining part of FY21 — from May 14 to March 31, 2021.

Speaking to the media, Finance Minister pointed out the due date of all income tax returns for FY 2019-20 will be extended from July 31, 2020, October 31, 2020, to November 30, 2020, and tax audit from September 30, 2020, to October 31, 2020.

The government has also extended the date of assessments getting barred on September 30, 2020, to December 31, 2020, and those getting barred on March 31, 2021, to September 30, 2021.

In another major move for businesses and charitable trusts, Sitharaman announced that all pending refunds to charitable trusts and non-corporate businesses and professions, including proprietorship, partnership, LLP and co-operatives, shall be issued immediately.

In addition, she announced a further extension of the deadline for settling tax disputes under the Vivid se Vishwaas scheme without paying any interest and penalty to December 31, 2020, from June 30, 2020.

“The sectors covered in the initial phase are clearly the ones that required the highest policy attention at this juncture, including MSME, power, and construction and real estate. The impact of the package totalling Rs 20 lakh crore to be unveiled in the next few days would add to spending power and bring relief to millions of enterprises that employ huge numbers of workers. We expect the stimulus measure to impart stability and growth to the economy,” said Vikram Kirloskar, President, Confederation of Indian Industry.

According to Ficci’s President Sangita Reddy: “The greatest takeaway from today’s announcement was the clear focus on getting liquidity flowing into the system.”

“Besides liquidity, we need to give equal focus on generating consumption demand and propping up investments. We hope that in the next set of announcements, these areas will be taken up in a comprehensive manner as well.”

On its part, Assocham’s Secretary General Deepak Sood said: “The Rs 3 lakh crore collateral-free loans for the MSMEs on a guarantee from the government would have a big-time multiplier impact and would generate economic activity of at least up to Rs 10 lakh crore, not only retaining the jobs but also creating additional employment.”

He further said, treating COVID-19 as an ‘act of God’ and allowing the real estate developers extra six months for completion of projects would help both the developers and the consumers as it would make the sector viable.

Sood listed reduction in the TDS by 25 percentage points as a demand-boosting measure along with a cut in the EPFO deductions from 12 to 10 per cent.

Industry body PHD Chamber’s President D.K. Aggarwal said the liquidity injection of Rs 90,000 crore for DISCOMs will significantly help the power sector in mitigating the impact of demand deduction amid pandemic COVID-19 scenario.

Source: Trusted Online News Portals in India

Bihar News Patna | Latest Jharkhand News in Hindi | Entertainment News India | Top Environment News |

#MSME #20 lac crore #indian economy #nirmala sitaraman #finance ministre #coronaoutbreak #covid19 #corona

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vsplusonline · 5 years ago

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Budget 2020 live updates | Nirmala Sitharaman proposes FDI in education, sector allocated over ₹99,000 crore

New Post has been published on https://apzweb.com/budget-2020-live-updates-nirmala-sitharaman-proposes-fdi-in-education-sector-allocated-over-%e2%82%b999000-crore/

Budget 2020 live updates | Nirmala Sitharaman proposes FDI in education, sector allocated over ₹99,000 crore

Union Finance Minister Nirmala Sitharaman’s second Budget is being presented in Lok Sabha. It is expected to announce measures to restore economic growth and to set out a clear road map for achieving the ambitious target of $ 5 trillion economy by 2025.

Here are the latest updates:

12.30 p.m.

A taxpayer charter is to be enshrined in the statutes to avoid citizen harassment. Major reforms proposed in recruitment in non-gazetted posts in government and public sector banks. Govt to set up National Recruitment agency for recruitment to non gazetted posts.

New National Policy on Official Statistics proposed. Clean, reliable, robust financial sector critical for economy.

12.20 p.m.

Indian Institute of Heritage and Conservation to be set up, with the status of a deemed university.

Five archaeological sites will be developed as world-class sites – Rakhigarhi, Haryana; Hastinapur, UP; Sivasagar, Assam; Dholavira, Gujarat; Adichanallur, TN.

A Tribal Museum is proposed in Ranchi.

Ministry of Culture – ₹3,150 crore.

India’s tourism sector grew at 7.8 per to 1.88 lakh crore from 1.75 lakh crore. ₹2,500 crore allocated to promote tourism

Coalition for Disaster Resilient Infrastructure launched from September 2019. Its implementation will be from January 2021.

₹4,400 crore allocated to promote clean air in cities with 1 million population.

She quotes the Thirukkural: Piniyinmai Selvam Vilaivinpam Emam Aniyenpa Naattiv Vaindhu (A country’s jewels are these five: unfailing health, farm productivity, and joy, a good defence, and wealth)

National Security is the top priority of this government. She compares Ayushman Bharat initiative to Thiruvalluvar’s emphasis on a healthy nation. As FM compares Mr. Modi with Thiruvalluvar, Opposition begins slogan shouting.

12.10 p.m.

The govt proposes to expand the national gas grid from 16,200 km to 27,000 km.

Soon there will be a policy to enable the private sector to build data centre parks throughout the country. Fibre to Home connections through Bharat Net will link 1 lakh gram panchayats this year itself. The Bharat Net programme will be allocated ₹6,000 crore.

Budget proposes to provide Rs.8,000 crore over five years for the National Mission on Quantum Technology and Applications.

‘Beti Bachao, Beti Padhao’ has yielded tremendous results, she says, and other Members in the House raise their voices against the Minister’s statement. Gross enrollment is higher than boys, she says. I would request you not to politicise the issue, FM tells Opposition MPs.

₹35,600 crore allocated for nutrition-related programmes.

We will appoint a task force to look into the issue of low age of girls entering motherhood.

SC and OBC development – ₹85,000 crore

ST development – ₹53,700 crore

Senior citizens and persons with disabilities – ₹9,000 crore.

12 noon

The National Infrastructure Pipeline presents a huge employment opportunity. A National Logistics Policy to be released soon.

Chennai-Bengaluru Expressway to be started.

Within 100 days of the governments formation, it has eliminated unmanned level crossings, and aimed to achieve electrification of 27000 km of lines. We plan a large solar power capacity for Indian Railways, alongside the rail track on the land owned by the Railways.

The government also proposes a Bengaluru suburban rail project at a cost of ₹18,600 crore.

Govt to monetize 12 lots of national highways by 2024. 100 more airports will be developed by 2024 to support UDAN.

Budget proposes to provide ₹1.7 lakh crore for transport infrastructure in 2021. Aircraft fleet size will increase to 1,200 planes by 2024.

Govt urges the States to replace the existing energy meters with prepaid smart meters.

Budget to provide ₹22,000 crore to power and renewable energy sector.

11.50 a.m.

An Investment Clearance Cell to be set up to provide end to end facilitation services, including free investment advisory, information related to land banks. It will work through a portal. Five new smart cities have been planned.

India needs to attract large investments in electronics manufacturing. She proposes a scheme for encouraging investment in this. She also proposes a National Technical Textiles Mission with an outlay of ₹1,480 crore over 4 years to cut down imports.

All ministries will issue quality standards. A new scheme, NIRVIK will be launched. Reversion of duties and taxes on exported products to be launched this year

Each district is to become an export hub, she says. Budget to provide ₹27,300 crore for development and promotion of industry and commerce in 2021

11.45 a.m.

Minister proposes FDI and ECB in education.

150 higher education institutions to start apprenticeships. Urban Local Bodies to provide internships opportunities for fresh engineers for a year.

In order to provide quality education to students of deprived sections, it is proposed to start a degree level full-fledged online education programme.

Under the Study in India programme, an INDSAT exam is proposed to be held in Asian and African countries. A National Police University and National Forensic Science University are proposed.

There is a shortage of qualified medical doctors. For this, it is proposed to attach a medical college to existing district hospitals under PPP mode.

Education sector – ₹99,300 crore

Skill development – ₹3,000 crore.

11.40 a.m.

Swachch Bharat mission to get ₹12,300 crore

The Minister moves on to wellness, water and sanitation.

Fit India movement is a vital part of the fight against non-communicable diseases.

The government proposes to set up hospitals in Tier-II and Tier-III cities with the private sector using PPP.

The Minister also proposes to expand Jan Aushadhi Kendra.

Health sector allocation – ₹69,000 crore.

Swachch Bharat mission – ₹12,300 crore

11.30 a.m.

Railways to launch Kisan Rail for cold storage

The Indian Railways will set up Kisan Rail for cold storage of perishable goods through the PPP model. Krishi UDAN will be launched by the Ministry of Civil Aviation on international and national routes.

For the horticulture sector, with its current produce of 311 million metric tonnes exceeds the production of foodgrains. For better marketing and exports we will support States which support ‘one product, one district’.

Integrated farming systems in rain-fed areas will be established.

Youth and fishery extension work to be enabled by rural youth as Sagar Mitras, 500 fish farmer producing organisations to be set up.

Financing on negotiable warehousing receipts has already crossed ₹6,000 crore.

Agricultural credit target has been set at ₹15 lakh crore. All eligible beneficaries of PM Kisan will be covered under Kisan Credit Card scheme.

MNREGA will be dovetailed to create fodder farms.

By 2022-23, she proposes raising fish production to 200 lakh tonnes.

58 lakh SHGs have been mobilised to alleviate poverty.

The fund allocation for all these steps: for the sector comprising agriculture, allied activities – ₹2.83 lakh crore.

11.21 a.m.

Govt committed to doubling farm income by 2022

The government is committed to doubling farm income by 2022.

The first thing is to encourage State governments to implement model laws passed by the central government — Model Agri Land Leasing Act, 2016, APMC, 2017 and Contract Farming, 2018.

The second action point is comprehensive measures for 100 water-stressed districts.

The third action point is to provide 20 lakh farmers with stand-alone solar pumps. We shall also help another 15 lakh farmers to solarise their farms.

The fourth is to encourage balanced use of all kinds of fertilisers. This is to change the current incentive regimes, she says.

She then quotes the Aathichudi by Auvaiyar. Bhoomi Thiruthi Unn (Take care of your land first).

The next is a proposed village storage scheme run by self-help groups. Women SHGs can get assistance from NABARD or Mudra.

11.20 a.m.

She reads out a Kashmiri poem, which she then translates in Hindi.

Hamaara watan Khilte Shalimar bagh ke tarah

Hamara watan Dal lake mein Khilte hue Kamal jaisa hai

Naujawano ke garam Khoon jaisa hai

Mera watan tera watan hamara watan, Duniya ka sabse pyara watan

Our country is like a blooming Shalimar Bagh,

Our country is like a lotus blooming in Dal Lake

Its like the warm blood flowing through our youth’s veins

My country, your country, our country, The world’s most adorable country.

11.10 a.m.

The implementation of schemes and programmes that directly benefited the poor and the disadvantaged was sped up and scaled up, says the Finance Minister. She lists Ayushman Bharat, UPI, affordable housing through PMAY etc. The milestones achieved are unprecedented, globally recognised, she says.

We have moved on from a growth rate of just over 4% to around 7% in 2014-19.

Inflation was 9% in the last two decades, she says. We are now the fifth largest economy in the world, says Nirmala Sitharaman.

Our government shall work towards taking the country forward so that we can leapfrog to the next level of wealth, prosperity and well-being, she says.

Three prominent themes in the Budget are — aspirational India, economic development for all, a caring society that is both humane and compassionate.

The digital revolution which has placed India in a unique position globally will govern the future. We shall aim speedy delivery of services, she says.

11 a.m.

Nirmala Sitharaman begins her Budget speech

House is in session. Speaker Om Birla is in the Chair. Papers are laid on the table.

Finance Minister Nirmala Sitharaman rises to lay on the table the report of the 15th Finance Commission.

Ms. Sitharaman then presents a statement of estimated receipts and expenditure.

She then rises to present the Union Budget 2020-21. “In May 2019, Prime Minister Narendra Modi received a massive mandate to form the government again. People of India have unequivocally given their janaadesh for not just political stability, but have also reposed their faith in our economic policy. Let our businesses be innovative, healthy and solvent with use of technology.

Ms. Sitharaman presents a picture of “vibrant India” with what she calls the “gentle breeze of technology” to uplift minorities.

The Minister calls GST as historic and mourns the passing of Arun Jaitley, whom she calls the “architect of GST”. GST has integrated the country economically, she says, and has resulted in the formalisation of the economy. The turnaroud time for trucks has reduced by 20%. Inspector Raj has vanished, she says.

The average family has saved 4% of its monthly spending on account of reduced GST rates. We have added 60 lakh new taxpayers, she says.

10.45 a.m.

Merge ‘Make in India’ with ‘Assemble in India’ to create jobs: Eco Survey

The economic survey 2019-20 urged the government to integrate ‘Make in India’ with ‘Assemble in India’ to create 4 crore jobs by 2025. The survey pointed out that the current international trade environment presents an opportunity for India to chart a China-like, labour intensive, export trajectory. This in turn will create jobs for the youth, the survey said.

Officials check the Union Budget 2020 documents outside the Parliament building in New Delhi | Photo Credit: R.V. Moorthy

By integrating ‘Assemble in India for the world’ into ‘Make in India’, India can raise its export market share to about 3.5% by 2025 and 6% by 2030. This will create 8 crore by 2030, the survey said.

Delhi should get even more in this Budget, says Kejriwal

“People of Delhi hope that the Centre will protect the interests of Delhi. In view of the elections, Delhi should get even more. The budget will show how much the BJP cares about Delhi,” said Delhi Chief Minister Arvind Kejriwal in a tweet on Saturday.

10 a.m.

Congress hopes Union Budget will provide relief to salaried class, invest in rural India

The Congress expressed hope that the Union Budget 2020 would provide relief to the salaried class through tax cuts and invest in rural India besides providing a healing touch to the common man and industry facing “hardship” since demonetisation.

Congress chief spokesperson Randeep Surjewala said the last budget led to crashing consumption levels, soaring unemployment and falling GDP.

“Budget 2019= Consumption crashed, Unemployment soared, Farm distress surged, Incomes declined, Investments slumped, Public spending fell, GDP nose dived!,” Mr. Surjewala tweeted.

“Yet, Modiji gave Corporate Tax Cuts of ₹1,45,000 crore. Let Budget 2020 give tax cuts to Salaried Class and invest in Rural India,” he said.

– PTI

9.45 a.m.

Ahead of Budget, Sensex slumps over 200 pts, Nifty tests 11,900

Market benchmark Sensex slumped over 200 points in opening session on Saturday ahead of the release of the Union Budget.

After shedding 279 points in early trade, the 30-share BSE index was trading 124.96 points or 0.31% lower at 40,598.53, and the broader NSE slipped 23.10 points, or 0.19%, to 11,939.

In the previous session, Sensex settled 190.33 points, or 0.47%, lower at 40,723.49, after the Economic Survey suggested relaxing fiscal deficit target to boost growth from a decade low.

Likewise, the broader NSE Nifty shed 73.70 points, or 0.61%, to finish at 11,962.10.

9.15 a.m.

‘Bahi-khata’ makes a comback in this years’ budget presentation

Like last year, Finance Minister Nirmala Sitharaman carried the 2020 Union Budget documents in a red bag, reminiscence of the traditional bahi-khata.

Finance Minister Nirmala Sitharaman holds budget papers during a photo opportunity as she leaves her office to present the Budget in the Parliament in New Delhi, India | Photo Credit: Reuters

Earlier, Finance Ministers in different governments used to carry a briefcase to present budget, which was considered as a tradition of colonial past.

Ms. Sitharaman is presenting the full Budget for 2020-21. She is carrying the Budget documents in a red silk bag with national emblem.

During the Atal Behari Vajpayee government, the then Finance Minister Yashwant Sinha broke the one colonial tradition of budget presentation at 5 p.m. Since then all governments have been presenting the budget at 11 a.m.

Bahi-Khata is referred to books of account maintained by traditional Indian businessmen.

Better to focus on growth than on fiscal deficit in current situation: CEA

Ahead of Finance Minister Nirmala Sitharaman’s second Budget, Chief Economic Adviser K.V. Subramanian suggested the government should focus on growth rather than being rigid on fiscal deficit in times of slowing economy.

Union Finance Minister Nirmala Sitharam with MoS Finance Anurag Thakur and Finance Budget team during photo shoot on the eve of the Union Budget presentation, at North Block office in New Delhi | Photo Credit: Sushil Kumar Verma

The government can look at option of increasing market borrowing to fund higher expenditure by the government in 2020-21, he said adding that if need be, the government can resort to higher market borrowing this fiscal.

“So, we’ve delineated the overall stance that needs to be taken in times like this. India has been in such situations earlier as well. There’s always a delicate balance between spurring growth and keeping the fiscal (situation) in order,” Mr. Subramanian told PTI in an interaction.

“The view that we have articulated is that it’s better at this point to lean on growth. When you look at the debt-to-GDP ratio, the denominator is the GDP, and our analysis has also shown that when GDP growth increases, the debt-to-GDP ratio falls as well,” he said.

It is time to focus on growth and, therefore, cutting expenditure is not an option, probably because at a time like this, growth needs to be taken care of, he added.

– PTI

Fiscal deficit hits 132% of Budget Estimate till December

The government’s fiscal deficit touched 132.4 per cent of the full-year target at December-end mainly due to slower pace of revenue collections, official data showed on Friday.

In actual terms, the fiscal deficit or gap between expenditure and revenue was Rs 9,31,725 crore, the data released by the Controller General of Accounts (CGA) showed.

The government aims to restrict the gap at 3.3 per cent of the GDP or Rs 7,03,760 crore in the year ending March 2020.

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coin-news-blog · 5 years ago

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Check out 13 Crypto/Blockchain-Related Companies from the Fintech100

New Post has been published on https://coinmakers.tech/markets/check-out-13-crypto-blockchain-related-companies-from-the-fintech100

Check out 13 Crypto/Blockchain-Related Companies from the Fintech100

Thirteen crypto and/or blockchain-related companies are on the list of the best and the most promising financial technology (finthech) companies in 2019.

A fintech venture capital (VC) firm H2 Ventures and “big four” accounting firm KPMG published their Fintech100 annual report recently, which examines the fintech space globally to form a ‘Top 50’ and an ‘Emerging 50’ lists. They searched for the companies “that are taking advantage of technology and driving disruption within the financial services industry,” choosing the best based on a number of different data, as well as the core five factors:

Average annual capital raised

Rate of recent capital raising

Geographic diversity

Sectoral diversity

X-factor: degree of product, service and business model innovation (a subjective measure applied only to companies on the Emerging list).

The results

The report found that, overall, fewer payments and lending companies made the Fintech100, their place being taken by wealth, insurance and multi-sector companies. There’s also a significant increase in venture capital backing of fintech companies, with the listed companies raising over USD 18 billion of capital in the past 12 months and over USD 70 billion in venture capital, a 35% increase from last year’s figure. In terms of geography, the most companies this year are Asia Pacific-based, with 8 out of the 11 companies that have raised over USD 1 billion in the past 3 years coming from the Asia Pacific serving customers in China, India, as well as “rapidly emerging markets in South East Asia such as Indonesia, Vietnam and Thailand,” the report says, adding: “The smart money is rapidly flowing to fintechs focused on this region.”

Importantly for the Cryptoworld: the report highlights 13 crypto / blockchain related companies;

7 are from the Top 50 and 6 from the Emerging 50;

1 is on the top 10 companies list for 2019: JD Digits from China;

5 in the Top 50 have fell lower on the list, compared to last year;

1 (Coinbase) ranks higher compared to last year, and 1 (Bankera) got on the Top 50 from last year’s Emerging 50;

of the 12, 2 are based in the United States, 2 in China, and the rest in the UK, Japan, Korea, Singapore, Lithuania, Malta, France, Luxembourg, and the United Arab Emirates.

Let’s check out the crypto-related companies included in the Fintech 100 for 2019 and how the report describes them (or rather, praises them).

Within the leading 50

JD Digits

Rank: 3 in 2019, 2 in 2018 Based in: China Key people: Shengqiang Chen, CEO Notable investors: CICC, BOCGI, China Securities, CITIC Capital, Sequoia Capital China, China Harvest Investments, China Taiping Insurance

Originally part of JD.com, a major Chinese e-commerce company, JD Digits (formerly JD Finance) became an independently operated technology company in 2013, dedicated to connecting financial and physical industries with digital technology. With its cutting-edge technologies and expertise in big data, AI (artificial intelligence), IoT (Internet of Things) and blockchain, the company builds core digital risk management capability, user operation capability, industry know-how capability and corporate service capability based on the B2B2C model.

Robinhood

Rank: 14 in 2019, 8 in 2018 Based in: United States Key people: Baiju Bhatt, Co-Founder; Vladimir Tenev, Co-Founder; Nate Rodland, COO Notable investors: DST Global, Sequoia Capital, Iconiq Capital, Index Ventures, Tim Draper, Andreessen Horowitz, Snoop Dogg

Founded in 2013, Robinhood is a zero fee stock trading app that offers ETFs (exchange-traded funds), options and cryptocurrency trading, while enabling users with a zero commission model to transact U.S. stocks and ETFs. Users can easily access the financial markets by slimming down the investment process and removing excessive brokerage costs.

OneConnnect

Rank: 18 in 2019, 11 in 2018 Based in: China Staff: 5 Key people: Ye Wangchun, Chairman & CEO Notable investors: IDG Ventures, SBI Group

OneConnect Financial Technology, founded in 2015, has built four service platforms based on Big Data, Blockchain, Financial Cloud, Intelligent Finance and other new technologies, these being: Direct Bank Cloud, Financial Cloud for small and micro enterprises, Interbank Asset Transaction and Personal Credit Investigation. These are meant to provide solutions for small and medium-sized banks, increase revenue, reduce cost and risk and boost competitiveness. As of June 30, 2019, OneConnect had served over 600 banks and 80 insurance companies.

Revolut

Rank: 26 in 2019, 13 in 2018 Based in: United Kingdom Key people: Nik Storonsky, CEO & Co-Founder; Vlad Yatsenko, CTO & Co-Founder Notable investors: Index Ventures, Ribbit Capital, Balderton Capital, DST Global

When it was launched in July 2015 by former Credit Suisse and Deutsche Bank investment bankers, Nik Storonsky and Vlad Yatsenko, as a digital alternative to the big banks, Revolut drew in customers by allowing them to spend and transfer money abroad with the interbank exchange rate. Since then, the company has since attracted over 6 million customers in Europe with its spending overviews, budgeting controls, savings features, donations, commission-free trading and cryptocurrency exchange.

Coinbase

Rank: 34 in 2019, 48 in 2018 Based in: United States Key people: Brian Armstrong, CEO & Co-Founder; Fred Ehrsam, Co-Founder Notable investors: Y Combinator, FundersClub, SV Angel, Union Square Ventures, Digital Currency Group, Andreessen Horowitz, Union Square Ventures, Reinventure Group

Via its online platform launched in 2012, Coinbase enables digital currency transactions between traders, consumers and merchants, with a mission to create "a globally accessible, open financial system." By allowing individual Bitcoin (BTC) wallets and enabling connected bank accounts, it "ensures an improved buying and selling experience," and it also offers a range of payment processing options that can manage high traffic levels on the internet.

Liquid by Quoine

Rank: 38 in 2019, 29 in 2018 Based in: Japan Key people: Mike Kayamori, Co-Founder & CEO; Mario Gomez-Lozada, Co-Founder, President & CTO Notable investors: Jafco Asia, 8 Decimal Capital

Quoine, founded in 2014, provides trading, exchange, and next-generation financial services powered by blockchain technology, currently processing annual transactions worth over USD 50 billion. It was the first global cryptocurrency exchange to be officially licensed by the Japan Financial Service Authority, while its existing trading platforms, Qryptos and Quoinex, are among the most advanced in the world. By launching Liquid, a cryptocurrency one-stop trading portal, they allow users to access a worldwide network of cryptocurrency exchanges. Liquid allows users to match trades across multiple transactions and cryptocurrencies.

Bankera

Rank: 42 in 2019, on the emerging list in 2018 Based in: Lithuania Key people: Vytautas Karalevičius, Co-Founder & CEO Notable investors: Blockshine

Launched in 2017, Bankera is developing a bank to act as the bridge between the traditional world and the blockchain technology, and will offer three core services: payments, loans and deposits and investment solutions such as exchange-traded funds, crypto-funds as well as robo-advisory solutions for wealth management. Its goal is to become a blockchain-based bank, with its high-skilled team, innovative solutions and a strong foundation – SpectroCoin, a cryptocurrency exchange and blockchain wallet.

Companies to watch in the coming years

Binance

Based in: Malta Key people: Changpeng Zhao, Founder & CEO Notable investors: Vertex Ventures, Plutus21, Black Hole Capital, Funcity Capital, Sequoia Capital, Limitless Crypto Investments

Binance is a cryptocurrency exchange platform that combines digital technology and finance. It provides access to exchange digital currency pairs on the market, while maintaining security and liquidity, and enabling a safe and efficient exchange with anyone, anytime and anywhere.

Dether

Based in: France Key people: Hamid Benyahia, Co-Founder; Mehdi Amari, Co-Founder Notable investors: /

Dether is the peer-to-peer Ethereum (ETH) network, which enables anyone in the world to buy and sell ETH using cash, and spend it at physical stores. Dether creates a worldwide ecosystem of ETH buyers, sellers and physical stores willing to trade ETH for fiat and accept it as a means of payment. No bank account is needed to buy/sell ETH, and no credit/debit card is needed to spend ETH at physical stores.

MenaChain Solutions

Based in: United Arab Emirates Key people: Çağla Gül Şenkardeş, CEO; Tolga Odoğlu, General Manager; Tuna Orbay, CTO Notable investors: Boğaziçi Ventures, Aslanoba Capital

MenaPay platform replaces cash and traditional banking tools used for transactions, with a goal of building one of the biggest cashless societies in the world and supporting digital transformation of the MENA (the Middle East and North Africa) region blockchain-based payment gateway. MenaPay platform offers a non-bank, top-up possibility and user-friendly mobile payment experience, digitalizing cash for the 80% of the unbanked adult population in the MENA region.

Moin

Based in: Korea Key people: Ilseok Suh, Founder & CEO Notable investors: BA Partners, Capstone Partners, Honest Ventures, Strong Ventures

To solve problems of the current global remittance market, Moin has developed a money transfer solution based on blockchain. Eliminating the need for SWIFT network or intermediary banks, Moin directly connects senders and receivers to make the wire process simpler, safer, faster, and more convenient with affordable rates.

Silot

Based in: Singapore Staff: 2 Key people: Andy Li, Founder & CEO; Bryan Sun, Co-Founder & CT; Villence Yu, Co-Founder & COO Notable investors: Krungsri Finnovate, Sumitomo Corporation, SBI Investment, Arbor Ventures, Eight Roads Ventures, ZhenFund

With an aim to create new standards of banking platform that empowers banks or financial institutions to launch innovative financial products for the mass market, Silot taps on AI and blockchain to provide next generation efficiency, capability and security by connecting bank’s functionalities and data silos.

Tokeny Solutions

Based in: Luxembourg Key people: Luc Falempin, Co-Founder & CEO; Daniel Coheur Co-Founder & Chief Strategy Officer; Philippe Van Hecke, COO Notable investors: Euronext

Tokeny Solutions enables mid-cap companies, investment banks, funds, asset managers and distributors to dematerialize assets on the blockchain, in order to reach a global audience, enforce compliance obligations, enable automation, and increase operational efficiency. The company delivers an institutional grade, modular end-to-end platform, allowing for the issuance, transfer and servicing management of tradable digital assets/security tokens. Tokeny Solutions has issued multiple tokenized offerings across five continents with more security offerings to come.

Source: cryptonews.com

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marymosley · 6 years ago

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Laws to Safeguard Women against Cyber Crimes in India

Information technology has become the axis of today’s global and technology developments. With the advancement of the internet, crimes using this tool too have widened. Cyber crimes pose a great threat to individuals, especially women, who form 90 percent of the victims. Every second, one woman in India gets tricked to be a victim of cyber crimes and the online platform is now the new platform where a woman’s dignity, privacy and security is increasingly being challenged every moment.Cyber crimes incept generally through fake ids created on Facebook, Twitter and other social media platforms causing grave harm to women, as through these platforms, major blackmailing, threatening, bullying, or cheating via messenger messages and email are done by perpetrators.

Cybercrime means any criminal or other offence that is facilitated by or involves the use of electronic communications or information systems, including any device or the Internet or both or more of them.The NCRB Crime in India Report 2015 in its Chapter-18: on Cyber Crimes states that 11,592 cyber crime cases were registered in 2015 (under IT Act, related sections of IPC, and offences under Special and Local Laws) and there was a 20.5%increase from 2014. Further 8,121 persons were arrested during 2015 which indicates increase by 41.2% in arrests from 2014. The Report indicates the motives of the crimes to be: 33.3% for greed/financial gain, 9.6% for fraud/illegal gain, 5.2% for insult to modesty of women (that 606 cases),5.1% for sexual exploitation (that is 588 cases), 3.3% for causing disrepute(that is 387 cases).

Image Credits: OpenGov Asia

My article is on the most blatant cybercrime that the women are facing in India and challenges in Investigative process.Few of them have been discussed below:

1) Cyber stalking

Stalking means to “pursue stealthily” and cyber stalking is a behavior in which an individual, group of individuals or organization uses information and communications technology to harass one or more individuals. Cyber stalking is online threat and there is no direct relationship between the victim and cyber stalker .It is believed that Over 75% of the victims are female. The motives behind are sexual harassment, for obsession for love, for revenge and hate and for ego and power trips.This is necessary to increase punishment to deter the crime.U/S 354 D IPC stalking is a criminal offence punishable with imprisonment upto 3 years and fine

In the Vinupriya case, the victim was a 21-year-old student from Salem who had finished her BSc in chemistry. A person had posted morphed nude and semi-nude photographs of Vinupriya on Facebook. On June 26, another obscene photograph was posted on Facebook, leaving Vinupriya traumatised. The investigating officer assumed that she must have sent those pictures to someone and now they were being posted, perhaps by a jilted lover. The questioning of Vinupriya was along those lines. It humiliated her and on June 27, she hanged herself.

2) Cyber Pornography

This would include pornographic websites; pornographic magazines produced using computers Cyber Pornography is considered an exceptional case which has been covered by the IT Act 2000 to ascertain extent by Section 67 of the IT Act 2000.The punishment is upto five years and fine. Along with IT Act the perpetrator can be punished under various Sections of IPC ,Section 290 for committing public nuisance, section 292 for sale of obscene books etc, and section 292A for printing or publishing grossly indecent or scurrilous matter or matter intended to blackmail, section 293 for sale etc of obscene objects to young persons and then section 294 for doing or composing, writing etc of obscene songs and finally under section 509 for outraging the modesty of women.

3) Cyber bullying

Cyber bullying is intimidation, threat or harassment using an electronic form of contact by the use of computers, mobiles and the internet. It is punishable under Section 506 of the IPC. It provides for imprisonment for a term which may extend to two years, a fine or both. If the threat is to cause death or grievous hurt, it can lead to imprisonment for a term which may extend to seven years.In an Ipsos survey in 2014, India topped the list of 254 countries for cyber bullying.Blue whale challenge and other viral challenges such as cinnamon are the most brutal form of bullying.

4) Cyber sexual defamation

Defamation is another common crime against women in the net. This occurs when defamation takes place with the help of computers and the Internet. E.g. someone publishes defamatory matter about someone on a website or sends e-mails containing defamatory matters to others. With the invention of the internet the life of a common man has changed a lot. U/S/499 IPC imprisonment upto 2 years and fine is imposed in case of defamation.

5)Harassment via email

Harassment includes blackmailing, threatening, bullying, and even cheating via email. Email spoofing is a tactic used in phishing and spam campaigns because people are more likely to open an email when they think it has been sent by a legitimate source. U/S 67 A punishment upto 5 years is imposed for harassment via e mail.

6) Trolling

Trolls spreads conflict on the Internet, criminal starts quarreling or upsetting victim by posting inflammatory or off-topic messages in an online community (such as a newsgroup, forum, chat room, or blog) with the intention to provoke victims into an emotional, upsetting response). Trolls are professional abusers who, by creating and using fake ids on social media, create a cold war atmosphere in the cyber space and are not even easy to trace.

WHERE TO LODGE A COMPLAINT

A person aggrieved of the offence of offence of cyber defamation can make a complaint to the Cyber Crime Investigation Cell. The Cyber Crime Investigation Cell is a branch of the Criminal Investigation Department(CID). Cyber Crime Investigation Cells have opened up in many cities like Delhi, Mumbai, Chandigarh, Hyderabad, Bangalore, Tamil-Nadu, Gurgaon, Pune, Madhya-Pradesh, Lucknow, etc. The Cyber Crime investigation Cells deal with offences related to the computer, computer network, compute resource, computer systems, computer devices and Internet. It also has power to look into other high-tech crimes. In addition, provisions have now been made for filing of ‘E-FIR’ in most of the states.

KEY POINTS ON HOW TO PROTECT YOURSELF

1) Passwords Should Not Be Given To Others

2) Personal Information Should Not Be Disclosed.

3) Avoid Meeting Online People Alone.

4) Web Cam Should Be Used With Care.

5) Agreement Terms Should Be Read.

6) Avoid Free Downloading Sites as their files may contain Trojans.

Measures by Govt. of India

On 23.07.2014, National Commission for Women has submitted a report on “Ways and Means to Safeguard Women from Cyber Crimes in India” which inter-alia recommended for stringent law, Policy to discourage hacking activities, dedicated helpline numbers, opening of more cyber cells, and imparting of proper legal, setting up forensic labs and technical training law enforcement agencies like police& judiciary etc. to combat cybercrime.

The Information Technology Act, 2000 together with Indian Penal Code have adequate provisions to deal withprevailing Cyber Crimes. It provides punishment in the form of imprisonment ranging from two years to lifeimprisonment and fine / penalty depending onthe type of Cyber Crime. However, Government has taken a number of legal, technical and administrative measures to prevent incidents of cybercrimes. These inter alia, include:

Cyber Police Stations and Cyber Crime Cells have been set up in each State for reporting and investigation of Cyber Crime cases.

Ministry of Electronics & Information Technology(MeitY) has setup Cyber Forensics Training Labs in north-eastern States and cities such as Mumbai, Pune, Kolkata and Bangalore to train State police officials and judiciary in cybercrime detection and collection, preservation and seizing of electronic evidence and dealing with cybercrime.

Various steps have been taken by Ministry of Home Affairs, Meity and State Government to modernise the setup and equip police personnel with knowledge and skills for prevention and control of cybercrime through various national and State Police academies/judicial academies and other institutes.

Ministry of Electronics & Information Technology has issued an advisory on functioning of Matrimonial website on 6thJune, 2016 under Information Technology Act, 2000 and Rules made thereunder directing the matrimonial websites to adopt safeguards to ensure that people using these websites are not deceived through the means of fake profiles or misuse/wrong information posted on the website.

The Government has circulated Computer Security Policy and Guidelines to all the Ministries/Departments on taking steps to prevent, detect and mitigate cyber attacks.

A portal namely www.cybercrime.gov.in has been developed by Ministry of Home Affairs to allow public to report cybercrime complaints.

The post Laws to Safeguard Women against Cyber Crimes in India appeared first on Legal Desire.

Laws to Safeguard Women against Cyber Crimes in India published first on https://immigrationlawyerto.tumblr.com/

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sharemarketnews-blog1 · 7 years ago

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I-T dept launches 'instant' Aadhaar-based online PAN allotment system

A senior official said the new facility has been introduced in view of an increasing number of people applying to obtain the Permanent Account Number (PAN) for their financial and tax matters.

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The Income Tax department has launched an 'instant' Aadhaar-based PAN allotment service for individuals seeking to obtain the unique identifier for the first time. "This facility is free of cost and instant allotment of e-PAN is available only for a limited period on the first-come-first-serve basis for valid Aadhaar holders," the department said in a recent advisory.

A senior official said the new facility has been introduced in view of an increasing number of people applying to obtain the Permanent Account Number (PAN) for their financial and tax matters.

A fresh PAN will be allotted on the basis of a one-time password (OTP) sent over the "active mobile number" linked with the valid Aadhaar number of a person, the advisory said.

The new PAN, obtained by this mechanism, will have the same name, date of birth, gender, mobile number and address that is present in the individual's Aadhaar, it said.

"The e-PAN facility is only for resident individuals and not for Hindu Undivided Family (HUF), firms, trusts, and companies etc," it said.

Once the PAN is allotted to an applicant through his electronic Aadhaar-based verification system in a few seconds, the applicant will be sent the PAN card by post in some time, the official said.

"This is one more initiative that leverages the Aadhaar database to quickly disburse/allot a government service," he said.

The process can be done at the official portal of the department --https://www.incometaxindiaefiling.gov.in.

The Central Board of Direct Taxes (CBDT), that makes policy for the Income Tax department, had yesterday extended the deadline for the PAN-Aadhaar linking to March 31 next year.

This is the fifth time it has extended the deadline for individuals to link their PAN to their biometric ID (Aadhaar).

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According to Section 139 AA (2) of the Income Tax Act, every person having PAN as on July 1, 2017, and eligible to obtain Aadhaar, must intimate his Aadhaar number to the tax authorities.

While Aadhaar is issued by the Unique Identification Authority of India (UIDAI) to a resident of India, PAN is a 10-digit alphanumeric number allotted by the I-T department to a person, firm or entity.

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moneymindz-investsmartly · 8 years ago

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sktenu · 7 years ago

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A loan which is granted to purchase/construct a new home based on the borrower's integrity and ability to pay. Rather a need “Home” is a dream of every individual. We are here to make your dream come true with our easy process and state of the art services. Bank/NBFC offers Home Loan as per your eligibility and it can be repaid over a period of 12 months to 360 months. Loan amount you are eligible for and the interest rate you will be charged are dependent on factors such as monthly income, value of property, customer's employment history and past financial credit history with pattern.

Documents Required

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Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An insurer, or banner-page carrier, is a company selling the banner-page; the insured, or policyholder, is the person or entity buying the banner-page policy. The amount of money to be charged for a certain amount of banner-page coverage is called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

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Loan against Property

A loan that establishes consumer credit that is granted for personal use; usually unsecured and based on the borrower's integrity and ability to pay.

Personal loan is normally used for personal purposes like holiday, marriage, personal expenses, home renovation, consolidation of credit card debt etc.

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Documents Required:

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3 month's Salary slips

3 month's Bank statement

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A mutual fund is an investment vehicle which first consolidates money from many investors and then invests in various forms of securities like shares, bonds, debt securities etc. An investor is called as a unit-holder. Each unit-holder is allotted units (a pro-rata share of the portfolio) depending on the amount of their investment. The profit or loss is then distributed among unit-holders depending on the amount of units held by each one.

Personal Loan

A loan that establishes consumer credit that is granted for personal use usually unsecured and based on the borrower's integrity and ability to pay.

Personal loan is normally used for personal purposes like holiday, marriage, personal expenses, home renovation, consolidation of credit card debt etc. Bank/NBFC offers Personal Loan from Rs.1 lac to Rs.30 lacs and it can be repaid over a period of 12 months to 60 months. Loan amount you are eligible for and the interest rate you will be charged are dependent on factors such as monthly income, customer's employment history and past financial credit history with pattern.

Documents Required

ID proof (PAN Card, Driver's license, Voter ID, Passport, Aadhar)

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3 month's Salary slips

3 month's Bank statement

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