Important Announcement – Last Date of Payment of Membership/ COP Fees extended to 31st December 2020.

The ICAI has relaxed the Last Date of Payment of Membership/ COP Fees extended to 31st December 2020.. You are requested to see the Link.

Payment Link – https://eservices.icai.org
For more details please visit
https://icai.org/post/imp-announcement-last-date-mem-cop-fee

Centre extends Emergency Credit Line Guarantee Scheme till Nov 30

Centre extends Emergency Credit Line Guarantee Scheme till Nov 30

Union Government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by one month till 30th of November or till an amount of Rs. three lakh crore is sanctioned under the scheme, whichever is earlier. This has been done in view of the opening up of various sectors in the economy and the expected increase in demand during the ongoing festive season. This extension will provide a further opportunity to such borrowers who have not availed of the scheme so far, to obtain credit under the scheme. The ECLGS was announced as part of the Atmanirbhar Bharat Package to
provide fully guaranteed and collateral free additional credit to MSMEs, business enterprises, individual loans for business purposes and MUDRA borrowers. Borrowers with credit outstanding up to Rs. 50 crore as on 29th of February 2020 and with an annual turnover of up to Rs. 250 crore are eligible under the scheme. Interest rates under the scheme are capped at 9.25 per cent for Banks and FIs and 14 per cent for NBFCs. Tenure of loans provided under the scheme is four years, including a moratorium of one year on principle repayment.

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India extends ban on international flights till Oct 31

Directorate General of Civil Aviation (DGCA) has extended till October 31 the suspension of scheduled international commercial passenger services to and from India. However, International cargo flights and passenger flights approved by the government will continue. DGCA said, international scheduled flights may be allowed on selected routes on case to case
basis. The announcement comes after Home Ministry issued fresh guidelines under the Unlock 5 plan in which it mentioned that international air travel of passengers will not be permitted in the current phase of Unlock, except as permitted by government.

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