Executive To Revise Definition Of Small Firms: Finance Minister
The federal government stated definition of small firms might be revised through elevating capital base to Rs 2 crore
New Delhi:
The federal government on Monday stated definition of small firms might be revised through elevating capital base to Rs 2 crore from the present prohibit of Rs 50 lakh.
Within the Union Price range for 2021-22, Finance Minister Nirmala Sitharaman proposed putting in place of investor constitution throughout monetary merchandise.
She stated an asset reconstruction and control corporate might be arrange for stressed out property of banks, whilst additionally declaring that the Nationwide Corporate Regulation Tribunal (NCLT) framework might be bolstered.
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