VIA Session on “Succession /Estate Planning” on 24th February
Vidarbha Industries Association Taxation & Corporate Law Forum is organizing a session on “Succession / Estate Planning” on Friday, 24th February 2023 from 4:30 pm to 6:30 pm at VIA Auditorium, Udyog Bhawan, Civil Lines, Nagpur – 440 001. Succession...
Setback for MIHAN, IUIH withdraws its Medicity project
Nagpur: MIHAN, manages to lose yet another project. This time, it’s the Indo-UK Institute of Health (IUIH) Medicity. The medicity was already allotted 150 acres during now deputy chief minister Devendra Fadnavis’ tenure as the chief minister of Maharashtra in 2017....
Power Tussle: NCLT directs NVCC to bear fee & expenses of Administrator
Nagpur: National Company Law Tribunal (NCLT) has directed Nag Vidarbha Chamber of Commerce (NVCC) to bear fee and expenses of administrator U C Natha (Former CCI Member), who took the charge on February 14. The recent development came days after...
CCT’s “The Urban Fest” for women entrepreneurs on Feb 18, 19
Nagpur: Corporate Coffee Table ( CCT) is organizing flea named as "The Urban Fest" for women entrepreneurs happening on February 18 and 19 between 12:30 pm and 9 pm at Press Club , Civil lines, Nagpur. This fest will be Inaugurated...
NRHA registers strong protest against proposed electricity tariff increase
Nagpur: The state-owned Maharashtra State Electricity Distribution Company Limited (MSEDCL) has proposed a 30%-40% tariff hike for residential and commercial consumers from April 2023 in two stages. Taking this issue on priority Nagpur Residential Hotels Association (NRHA) held an executive body...
Retail inflation spurts to 3-month high of 6.52% in Jan
Retail inflation again breached the Reserve Bank's upper tolerance limit and touched a three-month high of 6.52 per cent in January, mainly due to higher prices in the food basket, including cereals and protein-rich items. With the exception of November...
GST On MIDC Leased Land Affecting Msmes All Over India – Dr Dipen Agrawal, President Camit
Nagpur: GST department has put the industry in a state of fear by sending summons and starting investigation on number of transfers of leased lands have taken place in Maharashtra Industries Development Corporation (MIDC) industrial area since July 2017. Dr Dipen...
Power Tussle: NCLT directs NVCC administrator to carry out special audits
Nagpur: National Company Law Tribunal (NCLT) has directed Nag Vidarbha Chamber of Commerce (NVCC) administrator U C Natha (Former CCI Member) to carry-out special audit/ transaction audit/ forensic audit to examine and submit report on all past resolutions/ decisions/ agreements...
RBI increases repo rate to 6.5%
RBI Governor Shaktikanta Das announces an increase in repo rate by 25 basis points to 6.5%. "Unprecedented events of the last three years have put to test monetary policy across the world. Emerging market economies are facing sharp tradeoffs between supporting...
India’s GDP forecast for FY24 drops to 6.4%: RBI
The RBI on Tuesday projected India's economic growth to slow down to 6.4 per cent in FY24 from 7 per cent in the current fiscal, citing risks from geo-political tension and tightening global financial condition. Announcing the bi-monthly monetary...
Has land mafia taken over MIHAN project?
Nagpur: The various industry owners at MIHAN-SEZ terribly upset by the shabby affairs of Maharashtra Airport Development Company (MADC) in providing rightful facilities to them including basic amenities, voiced their concerns to Development Commissioner of MIHAN-SEZ Dr V...
VIA LEW Organized Lew Handloom Fashion Show
Nagpur: Lady Entrepreneurs’ Wing of Vidarbha IndustriesAssociation (VIALEW) organized a LEW Handloom Fashion Show on 29th Januaryat Open Air Theater at SCZCC, Nagpur. Chief Guest Vinita Bhatia, Winner of Mrs IndiaInternational Glam 2022, Beauty of the World 2022 & Mrs India...
Record provision for infrastructure and investment in Union Budget 2023: Dr Rawal
Nagpur: “The Union Budget was expected to take measures to boost employment, support the macro and micro enterprises sector, clarify Cryptocurrency taxation, ensure greater inclusiveness and enforce fiscal prudence. Although these expectations have not been met, provision for infrastructure and...
Consumer moves HC against IDBI Bank, IFCI for wrongful action
Nagpur: An anguished consumer Manish Mehta had filed a Writ Petition No 1572/ 2021 before the Nagpur Bench of Bombay High Court against IDBI Bank and IFCI Limited challenging their wrongful action of publishing his name in the list of...
Video: CA Kailash Jogani on difference between IPO & FPO, Adani’s withdrawal, significance of LIC, SBI in India
Nagpur: The Budget 2023 night witnessed, what could be described as, an unprecedented move by Adani Private Limited to withdraw its FPO. Following which, the anxiety of the investors exacerbated further. However, under these circumstances, a question arises: How to...
Ashwin Mehadia, 3 others booked for threatening, abusing during NVCC’s AGM
Nagpur: In a significant development, Ambazari police have registered an FIR against Ashwin Mehadia and his associates for criminal intimidation, threatening, assault and resorting to abusing during 78th AGM of Nag Vidarbha Chamber of Commerce (NVCC) held on 17/12/2022 at...
Adani calls off Rs 20K cr FPO, to return money
Adani Enterprises on Wednesday said it has decided to withdraw its fully subscribed Rs 20,000-crore follow-on public offer (FPO) and will return the proceeds to investors. The announcement came a day after the company's FPO was subscribed fully on the...
Not a populist,but a fiscal consolidation budget -Dr Dipen Agrawal
Dr Dipen Agrawal, President – Chamber of Associations of Maharashtra (CAMIT) reacting to the budget 2023 said that “Finance Minister, Nirmala Sitharaman has presented a vision document for India at 100”. In her speech she envisaged various new concepts and...
Union Budget 2023 Reaction: VED Cheers FM on Amritkal Budget
The Vidarbha Economic Development Council (VED) appreciates the inclusive budget, touching all income groups, sections of society, and businesses through this comprehensive budget. 1. The idea of accelerating agri-startups is a must for the rural areas for the...
Budget 2023: Nagpur Greens welcome ‘Climate Change Centric Budget’
Finance Minister Nirmala Sitharaman announced the Union Budget in Parliament on February 1, 2023. NT analysed the Budget from Environment perspective with Team Green Vigil Foundation, a self funded , Nagpur based environment NGO working in related fields for the...
Reaction on Union Budget by CA. Ajay R. Vaswani, MCM, Nagpur ICAI
This Budget is a comprehensive and populist budget prioritizing Development, Infrastructure and Investment Green Growth, Youth Power and Financial Sector. It is notable that budget 2023 provides economic growth of 7 % which is the highest amongst all the major...
