A recent study by Paisabazaar reveals that over 70% of MSMEs and self-employed individuals seek loans for immediate financial needs, primarily for working capital, raw materials, and debt consolidation. Less than 30% apply for loans aimed at growth initiatives such as marketing, machinery upgrades, or office expansion. Metro cities like Delhi NCR and Mumbai lead […]
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Overview The United Arab Emirates has introduced a simplified visa-on-arrival policy for Indian tourists. This initiative aims to boost tourism and improve accessibility for Indian nationals, ensuring a streamlined travel experience. Key Features and Eligibility Indian passport holders can now avail of a 60-day visa on arrival with multiple entries, eliminating the need for prior […]
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Switzerland has suspended the Most Favoured Nation (MFN) clause in its Double Taxation Avoidance Agreement (DTAA) with India. This move is expected to impact Swiss investments in India and increase tax burdens on Indian companies operating in Switzerland. The Swiss finance department, in its December 11 statement, cited a 2023 Indian Supreme Court ruling as […]
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The Reserve Bank of India (RBI) has issued new rules regarding CIBIL scores. Under the new rules, banks must inform customers of their CIBIL score and the reasons for any loan rejection. Additionally, banks must provide customers with free online access to their credit score once a year. Key Points: Banks must inform customers of […]
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