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The handicraft sector is one of the fastest-growing sectors in India. Over time, this sector has made some significant contributions to the nation’s economy. Also, it has played a vital role in creating massive employment in India. The Indian handicraft sector is bifurcated with more than 7 million regional artisans & over 65,000 exporters promoting […]
Each year myriad of products find their way to India via sea, road, and air transport from various nations. The Directorate General of Foreign Trade regulates the Exim activities in India. DGFT also mandates the obtainment of the Import Export Code (IEC) for every importer and exporter in India. Not all items are importable in […]
The Indian e-commerce landscape has been thriving at a rapid rate in recent years. Consequently, various web-based sellers & manufacturers have started shipping Goods from China. China has a vast pool of manufacturers of various goods, thus, importing from China seems to be a viable option for Indian entrepreneurs. But, there are various legal implications […]
Export Credit Guarantee Corporation is a government-driven institution that incentivizes export activities by providing credit insurance covers to the exporters. Since its establishment, ECGC has rolled out multiple export credit risk insurance products for Indian exporters. This institution was established for averting potential issues of Indian exporters by mitigating the risks linked with the payment […]
Granite is a primary component for construction and its global demand is escalating every passing day. The granite export from India has witnessed huge growth in the past few years owing to its unparallelly quality. The data of Indian grant export manifest that more than 140 nations frequently import Indian granite. Therefore, setting up a […]
Starting a new business can be a rewarding experience for anyone. But setting up a business can incur countless challenges. Selecting the right business structure is one of the biggest roadblocks in a business journey. At present, new businesses have access to a slew of business structures that are legally stable and adhere to plenty […]
The arrival of web-based trademark registration has strengthened the efficacy and transparency of trademark filing. A trademark may stand incontestable after serving 5 years of tenure from the registration date. The trademark application undergoes a rigorous verification process through various stages before the authority stamps its approval. Knowing these stages, in brief, can help the […]
Even though both the Form GSTR-2A and GSTR-2B manifest identical details, both the forms adhere to plenty of differences. In the write-up, we will discuss the same in detail. An Overview on GSTR-2A GSTR-2A is a purchase-oriented dynamic tax return. It is automatically generated for each business. This form usually fetches information from the GSTR-1, […]
A food business is one of the profitable and trending ventures in India at present. In this digital age, everyone has the liberty to taste a wide range of cuisines right at their doorstep. The culture of online food ordering is thriving and it’s likely to grow rapidly in near future. This is a great […]
These days there are several NGOs thriving throughout the nation. In today’s pandemic hit world, the NGOs are playing a key role in providing financial and other aids required for subsistence of the poverty-ridden people. However, one of the most frequently asked questions asked by the entities who wish to setup an NGO is – […]
In India, the provision of the Insurance Act and the Companies Act governs the idea of an Insurance Web Aggregator. Moreover, a company should acquire an Insurance Web Aggregator License from the IRDAI (Insurance Regulatory and Development Authority of India) to operate as a Web Aggregator. There are several other companies for web aggregators, and […]
FSSAI plays a vital role in regulating food safety and standards in India. In fact, it is the only legit avenue that controls the supply chain of food and compels FBOs to follow its guidelines. FSSAI administers production, marketing, distribution, and trading food items in India. Every food venture in India is liable to obtain […]
Union Budget 2021-22 was introduced in the higher house of parliament in the month of Feb. It was the first time when the budget was unveiled on the digital platform. While promulgating the new budget, the honorable Finance Minister Nirmala Sitharaman promised to take plenty of measures to propel the growth of startup and MSME. […]
Having a bevy of insurances at the disposal is a boon to a person who belongs to the lower or medium strata of the society. They not only provide complete protection but also eradicate the risk of being penny less in the most demanding situation. People nowadays are keener to route some of their earning […]