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MSME Special
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Bank of Baroda

Bank of Baroda (BOB) is one of India’s largest commercial banks. The merger of two commercial banks Dena Bank and Vijaya Bank with it would make BOB bigger with considerable penetration in its non-traditional geographies of Karnataka and other southern markets. At the end of the financial year 2018-19, the bank’s combined business stood at over Rs 11 trillion showing a growth of nearly nine per cent over the same period of the previous year. Close to 20 per cent of the bank’s business comes from foreign operations. MSME Business is growing at a healthy rate. Its asset in the MSME segment now stands at around Rs 60,000 crore before merger.The Central government has launched various schemes for MSMEs in the recent times.

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Ecostar Editor Mag
Healthcare
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Medical ethics : On the Back Seat

deally the doctors can provide the healing touch to the ailing humanity and they only can make the difference between life and death. While addressing the 46th Annual Convocation of All India Institute of Medical Sciences (AIIMS) Mr. Venkaiah Naidu, Vice President of India said the young doctors must bear in mind the need to uphold ethics and treat every patient with compassion and empathy, irrespective of his or her financial background. That is true, Mr. Naidu has given right advice, but how it would work on the ground is a difficult question. In these days, when medical ethics is merged with business strategy, the message has a value.

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Ecostar Editor Mag
MSME Special
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Union Bank of India: Centurion with a modern face

Over the years, as far as MSME banking is concerned, much has changed in terms of delivery and product packaging. Keeping pace with the change of time, Union Bank has come a long way, thanks to the adoption of the technology platform and necessary internal restructuring that has made delivery easier and faster with better efficiency. As time has changed, the bank found it necessary to transform itself migrating to cutting edge platform with highly efficient systems and processes in place. Behind this were two aims; faster delivery by cutting turnaround time and better underwriting quality.

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Ecostar Editor Mag
Real-Estate
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Myth about “No GST” on home buying

Buyers of constructed property are convinced that there is no GST on sale of building and ready to move in flats where sales take place after issue of completion certificate by the competent authority. The government clarifies that this is untrue. GST is applicable on sale of under construction property or ready to move-in flats where completion certificate has not been issued at the time of sale. Housing projects in the affordable segment such as Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Rajiv Awas Yojana (RAY), Pradhan Mantri Awas Yojana (PMAY) or any other housing scheme of State government etc attract GST of eight per cent. For such projects, after offsetting input tax credit, the builder or developer in most cases will not be required to pay GST in cash as the builder would have enough ITC in his books of account to pay the output GST.

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Ecostar Editor Mag
Cover Feature
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Jalaram Group Directors

It is a similar way, the Jalaram group has entered into another diversified business -manufacturing of water purifying chemicals, under a separate entity, Jal Aqua International Pvt. Ltd. That is a big step taken by the team towards becoming a corporate business group. “Once we decide to do, we will do it in such a way that sets a standard for others and be the best in the segment,” he claims. The chemical plant is fast coming up in Ankleshwar, in 21,000 square meters of land with flexibility for future expansion, is of world-class with track- record of being the fastest built unit of that size in the world.

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