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BUSINESS AND SELF-EMPLOYED

Self-employment is earning income without being employed and paid by someone else. Self-employed persons may be involved in a variety of occupations but generally are highly skilled at a particular kind of work. Writers, tradespeople, freelancers, traders/investors, lawyers, salespeople, and insurance agents all may be self-employed. Self-employment isn’t like being a traditional worker because self-employed individuals aren’t tied to an employer. Being self-employed gives people flexibility but comes with certain tax implications.

  • Investors in GIDC estates can apply online for Demolition Services for under-development structures. The application process includes submitting specific documents and adhering to guidelines provided on the portal. This service ensures safe and compliant demolition procedures, supporting efficient redevelopment and construction activities within Gujarat’s industrial infrastructure.
  • After construction, investors in GIDC estates must submit a self-certified Building Completion Check signed by an authorized architect. The online submission process ensures compliance with final construction standards and facilitates timely project closure.
  • Investors in GIDC estates must submit self-certifications for Plinth Check during construction, signed by authorized architects. This self-regulatory process accelerates project timelines while maintaining structural compliance.
  • The GIDC portal allows investors to apply online for drainage connections for industrial units. Users can access necessary forms, checklists, and terms to ensure proper waste management infrastructure is integrated into their development projects.
  • Investors in GIDC estates can apply for new water connections online. The portal outlines eligibility, required documentation, and connection guidelines. This streamlined service aims to ensure timely and efficient utility provision for industrial setups.
  • Investors can submit online requests for modifications or revisions to their approved building plans within GIDC estates. The portal guides users through the process and lists documents needed for alteration, addition, or revalidation approvals.
  • GIDC invites online applications for plan approval from investors setting up industries in Gujarat. Applicants can review documentation requirements and key approval conditions through the portal. The process supports industrial expansion with streamlined planning procedures.
  • Investors can apply online for land allotment in GIDC estates across Gujarat. The portal provides complete details on allotment procedures, document checklists, and eligibility criteria. It facilitates transparent and efficient land allocation for industrial development in the state.
  • Established on April 2, 1990, SIDBI is India’s principal financial institution for the promotion and development of the MSME sector. It provides financial assistance, policy support, and coordination among institutions working with small businesses, fostering entrepreneurship and economic growth across the country.
  • The Fireworks Storage and Sales License (LE-5) in Uttar Pradesh permits individuals or businesses to store and sell fireworks in compliance with safety regulations. This license ensures controlled distribution and prevents mishandling of fireworks.
  • The Fireworks Transport License (LE-4) in Uttar Pradesh is required for the legal transportation of fireworks within the state. This permit ensures that the movement of fireworks adheres to safety standards, minimizing risks associated with transportation.
  • The Fireworks Storage License (LE-2) in Uttar Pradesh authorizes the storage of fireworks at an approved location. This license ensures compliance with safety norms and legal regulations to prevent fire hazards and unauthorized handling.
  • The Fireworks Manufacturing License (LE-1) in Uttar Pradesh is mandatory for individuals or entities engaged in the production of fireworks. Issued under the Explosives Act, this license ensures adherence to safety protocols and regulatory guidelines for manufacturing fireworks in a designated area.
  • The Explosives Storage and Sale License (LE-5) in Uttar Pradesh allows businesses or individuals to store and sell a specified quantity of explosives at a designated location. This license ensures compliance with safety regulations, preventing misuse and ensuring controlled distribution.
  • The Explosives Transport License (LE-4) in Uttar Pradesh is required for the legal transportation of explosives within the state. Issued under the Explosives Act, this permit ensures that the movement of explosives follows safety protocols, preventing hazards and ensuring security during transit.
  • The Explosives Storage License (LE-3) in Uttar Pradesh is issued under the Explosives Act, allowing individuals or businesses to store a specified quantity of explosives at an approved location. This license ensures compliance with safety regulations and legal requirements for handling and storing explosives securely.
  • Residents and businesses involved in the manufacture, storage, transportation, or sale of explosives in Uttar Pradesh must obtain the relevant licenses under the Explosives Act. These permits regulate the handling of fireworks, gunpowder, and other hazardous materials to ensure public safety and compliance with legal guidelines. The online application process allows easy submission of documents and tracking of application status.
  • Manufacturers, importers, and marketers can renew their sales permissions by submitting details about their operations, products, and store locations. Supporting documents such as qualification proof, bank statements, and PAN cards must also be uploaded. This ensures seamless continuity of business.
  • Commercial pest control operators in Jammu and Kashmir can apply to include new insecticide products in their operational licenses. They must specify product details, usage, and associated documentation like a PAN card, qualification proof, and bank statement.
  • Businesses can include additional insecticide products in their sales or distribution licenses by specifying details about the new product, its storage, and associated operations. Required documents, including qualification proof, PAN card, and bank statement, must be submitted.

  • by TOI Business Desk
    Commercial plane prices are soaring, driven by supply chain disruptions, rising material costs, and geopolitical factors like the exclusion of Russian titanium. US President Trump's tariffs on steel and aluminum further exacerbate the issue. Labor costs are also increasing, with Boeing and Spirit AeroSystems agreeing to significant wage hikes.
  • by TOI Business Desk
    ICICI Bank announced a dividend of Rs 11 per share following a strong financial performance in the fourth quarter. The bank's net profit rose significantly, driven by increased lending and healthy net interest income. While margins may face pressure due to anticipated rate cuts, the bank plans to add 400 new branches.
  • by TOI Business Desk
    HDFC Bank announced a final dividend of Rs 22 per share for FY25, alongside a 6.7% increase in Q4 net profit, reaching Rs 17,616 crore. Net interest income rose by 10.3% to Rs 32,070 crore. Trading at Rs 1,906.70, the bank's shares reflect a 1.02% dividend yield and a market capitalization of Rs 14.59 lakh […]
  • by Babar Zaidi
  • by TOI Business Desk
  • by TOI Business Desk
    HDFC Bank reported a 6.6% increase in standalone net profit for Q4 FY25, reaching Rs 17,616 crore. Total income remained nearly flat at Rs 89,488 crore, while interest income rose to Rs 77,460 crore. The board recommended a dividend of Rs 22 per share. Asset quality slightly deteriorated, with gross NPAs rising to 1.33%.
  • by TOI Business Desk
    Robert Kiyosaki, the author of Rich Dad Poor Dad, predicts a financial crisis. He cites rising debt and struggling retirement funds as indicators. Kiyosaki advises people to invest in gold, silver, and Bitcoin. He believes these assets will increase in value. He also cautions against relying solely on traditional pensions. Kiyosaki emphasizes the importance of […]
  • by TOI Business Desk
    HDFC Bank and ICICI Bank are poised to release their Q4 FY25 financial results, with HDFC Bank showcasing a 7.7% year-on-year increase in advances, reaching Rs 27.73 lakh crore. ICICI Bank is anticipated to reveal robust earnings, projecting a 10-15% rise in net profit, driven by improvements in asset quality and a stable outlook from […]
  • by TOI Business Desk
  • by TOI Business Desk
    India's central bank witnessed a significant surge in its gold reserves' value, driven by a global rally in gold prices amidst geopolitical and economic uncertainties. The RBI's gold holdings nearly tripled in value over the past year, reflecting a broader trend of central banks worldwide accumulating gold to hedge against global risks.
  • The government has issued a clarification regarding Goods and Services Tax. It states that there will be no GST levied on UPI transactions exceeding Rs 2,000. Reports suggesting such a levy are false and misleading. Currently, no Merchant Discount Rate is charged on UPI transactions. Therefore, GST is not applicable. UPI transactions have significantly increased […]
  • Fintech giants PhonePe and Razorpay are transitioning into public limited companies, signaling their IPO readiness in India. PhonePe's conversion awaits approvals, while Razorpay's move aligns with its re-domiciliation and anticipated 2026-27 IPO. These steps enable both companies to access Indian capital markets, with PhonePe addressing UPI market-share limits and Razorpay streamlining its structure.
  • by Shilpa Phadnis
    Indian IT firms are exhibiting cautious hiring approaches amidst economic uncertainties and increased automation. While some firms saw slight headcount increases in the March quarter, overall hiring remains subdued compared to previous years. Companies are prioritizing cost efficiency and maximizing existing resources, leading to a challenging job market for college graduates, with expectations of flat […]
  • The National Company Law Appellate Tribunal (NCLAT) has dismissed attempts to halt insolvency proceedings against Byju's without creditor approval, reinforcing the authority of the Committee of Creditors (CoC). NCLAT upheld that any settlement proposal after CoC formation requires 90% creditor consent, as per the Insolvency and Bankruptcy Code.
  • India's electronics manufacturing has surged, increasing fivefold in the last decade to over Rs 11 lakh crore, according to Union Minister Ashwini Vaishnaw. Exports have also seen remarkable growth, multiplying six times to exceed Rs 3.3 lakh crore, creating 25 lakh jobs. Indian products are now globally recognized for their reliability and respect for intellectual […]
  • by Asmita Dey
    Indonesian coffee chain Kopi Kenangan, valued at over $1 billion, is entering the Indian market to compete with Starbucks and Tim Hortons. The company aims to attract customers with lower prices and a menu tailored to Indian tastes.
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