![[FAKE] Finance Ministry is providing emergency cash where recipients will receive Rs 1,30,000 per month for 6 months](/img/previewthumb/custom/fake.jpg "[FAKE] Finance Ministry is providing emergency cash where recipients will receive Rs 1,30,000 per month for 6 months")
The WhatsApp forward claiming that the Finance Ministry is providing emergency cash where recipients will receive Rs. 1,30,000 per month for 6 months is FAKE. Kindly don't believe this message.
GoI has announced various relief measures for several sectors under the Aatma Nirbhar Bharat Abhiyan and has taken a number of initiatives to support the MSME Sector in the country, especially in the COVID-19 pandemic situation.
The COVID-19 epidemic has temporarily affected various sectors including the Micro, Small and Medium Enterprises in the country. Economic activities have contracted due to the strict lockdown measures imposed by the Government.
As of 14th July 2021 a total of 52,391 entities are recognized as startups by the Department for Promotion of Industry and Internal Trade and more than 5.7 lakh jobs have been reported by more than 50,000 startups.
As per the information received from RBI, the number of cases of frauds of Rs 500 crore and above reported by Public Sector Banks/ Indian Banks / Select Financial Institutions are 79 in 2019-20, 73 in 2020-21 and 13 in 2021-22 (up to 30th June 2021).
Financial transactions undertaken through home and mobile channels increased from 29% in FY 2018-19 to 76% in FY 2020-21. Nearly 72% of financial transactions of PSBs done through digital channels.
As per information received from the Reserve Bank of India, the total amount of unclaimed deposits of Scheduled Commercial Banks was Rs. 24,356 crore, as on 31.12.2020. Unclaimed deposits have increased by Rs. 5,977 crore in the year 2020.
A total of 320 foreign companies registered in the country during the last three years. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha.
Shri Pankaj Chaudhary stated that 20 states were allowed additional borrowing of Rs 39,521 crore during 2020-21 for implementation of EoDB reform and it is a continuous process and its outcome would be visible in due course.
Make in India initiative has made significant achievements and presently focuses on 27 sectors under Make in India 2.0. Startup India initiative generates more than 26000 employment in Tamil Nadu in three years.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
