In recent years, the agricultural sector has seen unprecedented financial backing from the Government of India, a testament to its commitment to farmer welfare and sectoral development. Despite these efforts, a consistent pattern of underutilization of allocated budgets has emerged, with a total of Rs. 27,911.22 crore remaining unspent from 2019-20 to 2022-23. This gap […]
Tag: compliance
Embracing the New Dawn: Navigating the Amended FDI Policy in India’s Space Sector
In a landmark move that underscores the Indian government’s commitment to fostering innovation and bolstering private sector participation in the space industry, the Union Cabinet, under the leadership of Prime Minister Shri Narendra Modi, has approved a significant amendment to the Foreign Direct Investment (FDI) policy in the space sector. This pivotal decision, announced on […]
Exploring the Advantages and Regulatory Framework of NIDHI Companies in India
A Guide for Prospective Clients At Shiva Consultancy Group, we understand the pivotal role that financial inclusivity and discipline play in the sustainable development of communities, especially within the middle and lower-income groups. NIDHI companies in India represent a unique model of mutual benefit, promoting savings and lending within a closed community of members. Here’s […]
Blog Title: Navigating the Cost of Compliance in MSMEs: Strategies for Minimization
Introduction Compliance costs are a significant concern for Micro, Small, and Medium Enterprises (MSMEs). As regulatory frameworks evolve to be more stringent, the financial and operational burden on these enterprises intensifies. This blog aims to shed light on the various facets of compliance costs in MSMEs and presents feasible strategies to minimize these expenses. The […]