September 2024

Ease of Doing Business Portal has been launched by the Ease of Doing Business Department of Assam from June 17, 2019.  Dept of Labour & Welfare -Inspectorate of Factories Dept of Revenue & Disaster Management. Dept of Health & Family Welfare Commissionerate of Food Safety. In addition to these departments, Single Window Agency under Department of Commerce and Industry has also been moved to the new portal. Application for Re-Classification of Land / Conversion of Land can be filed through the portal Online Services Department of Industries & Commerce Department of Labour Welfare Department of Home and Political Department of Urban Development Department of Guwahati Development Department of Environment & Forest Department of Revenue and Disaster Management Department of Education Department of Co-operation Department of Finance Department of Power Department of Health & Family Welfare Department of Mines and Minerals Department of Tourism Department of Excise Department of Food, Civil Supplies & Consumer Affairs Department of Public Works Department of Agriculture Judicial Department Applicability Proprietorship Partnership firm Limited Liability Partnership Private Limited Company Cooperative society Society Association of persons Trust Club Hindu Undivided Family Public Sector Undertaking Advantages of Ease Of Doing Business In Assam Portal Ease of Doing Business in Assam encourages economies to compete towards more efficient regulation; it looks at the domestic small and medium-size companies and measures the regulations applying to them through their life cycle. The government of Assam provides guidance and help the entrepreneur to set up the Industry in the State of Assam via Ease Of Doing Business In Assam Portal. Documents Required Board Resolution/Authorised Letter Proof of Identity Proof of Address PAN Card of the enterprise Procedure to Create a User ID Step 1: Access the home page of Ease of Doing Business In Assam Portal and select the Login option from the home page. Step 2: Select the Signup option for new user registration in this single window portal. Step 3: The new user registration page will be displayed. Verify the PAN of your Company or Proprietor. Enter the following details for user registration: Name (No Special Character will be accepted) Mail Id Mobile Number User Name Password Step 4: After furnishing the details, submit the application form for new user registration. Step 5: A small window will be displayed, enter the six-digit OTP you have received in the mobile number and enter the verification code that you have received in the email ID. Step 6: By clicking on the submit button, the User ID will be created Whenever you want to apply online login to EODB portal with this User ID and Password. Business Plan Approval Government business plan approvals are required for establishing the Industry / Enterprise in the State of Assam. All approvals have been divided into two primary stages of Business Enterprise as given below: Pre-Establishment Approvals which are prerequisite to starting the business Pre-Operation Approvals which are essentially needed before you commence the operation of the business Note: For more specific approvals, please email to [email protected] with the business details. Visit the official webpage of Ease Of Doing Business In Assam, select the EODB menu and click on “Know your Approvals” option. In the new page, select the following details from the drop-down menu Type of activity, Manufacturing, Service Sector, Subsector and Business/Industry. On successful selection, the list of Approvals will be displayed. By clicking on the respective department, you can apply for approvals in Ease of doing business in Assam Portal. FAQs What is the Ease of Doing Business in Assam Portal? The Ease of Doing Business (EoDB) in Assam Portal is a government initiative aimed at simplifying and streamlining the processes for starting and running a business in Assam. It provides a single-window platform where businesses can access various services, approvals, and licenses, ensuring transparency and reducing procedural delays. What are the key objectives of the Ease of Doing Business Portal? To provide a user-friendly platform for businesses to obtain approvals and clearances. To reduce administrative bottlenecks and promote online application processes. To enhance transparency and accountability in government procedures. To facilitate investment and attract businesses to Assam by offering a simplified regulatory environment.

Futures and options are the major types of stock derivatives trading in a share market. These are contracts signed by two parties for trading a stock asset at a predetermined price on a later date. Such contracts try to hedge market risks involved in stock market trading by locking in the price beforehand. Future and options in the share market are contracts which derive their price from an underlying asset (known as underlying), such as shares, stock market indices, commodities, ETFs, and more. Futures and options basics provide individuals to reduce future risk with their investment through pre-determined prices. However, since a direction of price movements cannot be predicted, it can cause substantial profits or losses if a market prediction is inaccurate. Typically, individuals well versed with the operations of a stock market primarily participate in such trades. What is F&O (Futures and Options)? Futures and options are financial derivatives that allow traders to speculate on the price movements of an underlying asset without actually owning it. Futures contracts obligate the buyer to purchase an underlying asset, while the seller must deliver it at a predetermined price and date. In options contracts, the buyer has the right, but not the obligation, to buy or sell the underlying asset at a predetermined price and date, while the seller must honour the contract if the buyer chooses to exercise their option. Futures and options trading can be complex and involve significant risk. The value of these derivatives can be affected by various factors, including market volatility, changes in interest rates, and fluctuations in currency exchange rates. Traders may face substantial losses if their positions move against them. Difference between Futures and Options Future and option trading are different in terms of obligations imposed on individuals. While futures act a liability on an investor, requiring him/her to follow up on a contract by a pre-set due date, an options contract gives an individual the right to do so. A futures contract to buy/sell underlying security has to be followed up on the predetermined date at a contractual price. On the other hand, an options contract provides a buyer with a choice to do the same, if he/she profits from a trade. Types of Futures and Options While futures contract holds the same rules for both buyers and sellers of a contract, an options derivative can be divided into two types. Individuals entering an options contract to sell a particular asset at a pre-asserted price on a future date can do so by signing a put option contract. Similarly, individuals aiming to purchase a particular asset in the future can enter into a call option to lock in the price for future exchange. Who Should Invest in Futures and Options? Traders engaging in future and option trading can be classified into the following types. Hedgers Such individuals enter into futures and options contracts in the share market to reduce investment volatility concerning price changes. Locking in a price for transaction at a future date helps individuals realise relative gains if the price moves adversely with respect to a trading position assumed by a buyer. However, in case of a favourable fluctuation, individuals entering into a futures contract can incur significant losses. Such risk is mitigated in an options contract, as an investor can pull out of a deal in case of favourable price swings. Hedgers aim to secure their gains or expenditures in the future by entering into a derivative contract. Such traders are popular in the commodity market, wherein individuals try to secure an expected price of a particular item for a successful exchange. Understand it with the help of a future and option trading example. A farmer can enter into a futures contract with a wholesaler to sell 50 kg of potato for Rs. 20 per kg three months from the current date. On the day of maturity, if the price of potatoes falls below that level, the farmer successfully hedged his position to minimise the overall risk associated with trading in the future. However, in case of a price rise in the potato market, a farmer stands to lose out on profits. Such losses can be offset through a put option contract, which gives the farmer a right but not an obligation to meet the conditions of a contract. In case of a fall in the market price level, he/she can execute the options contract to ensure negligible losses. Price rise on the other hand, allows the farmer to withdraw from the contract and sell the items in the marketplace at the prevailing price. Hedgers primarily opt for physical trade wherein the asset is exchanged upon maturity of the contract. It is particularly popular in the commodity market, wherein physical trade is undertaken by producers and companies to keep the cost of raw materials at a fixed level. It ensures stability in the price levels in an economy. Speculators  Speculators predict the direction of price movement in a market as per an intrinsic valuation and economic condition and choose to take an opposite stance in the present to gain from such price fluctuations. Taking a futures and options example, if an investor predicts the price to increase in the future, he/she can assume a short position in the derivatives market. It indicates a purchase of a stock/derivative in the present to sell it on a later date, at a higher price. Subsequently, a long position is undertaken by individuals expecting the prices to fall in the future as per their market analysis. Investors plan on buying securities in the future at a reduced price through such contracts, to profit in relative terms. Most speculators engaging in derivatives trading aim to opt for cash settlement, wherein the physical transfer of an asset is not conducted. On the contrary, a difference between spot price (current market price) and the price quoted to the derivative is settled between two parties, thereby reducing the hassles of such trade. Arbitrageurs Arbitrageurs aim to profit from price differences

Silpa Sathi, established by the West Bengal Corporation Ltd. (WBIDCL), is a singular digital portal facilitating seamless access to essential services governed by applicable rules. Serving as a digital gateway, it aids investors in obtaining necessary services for establishing and operating businesses within the state.  Features of Silpa Sathi Online submission of the application for grant or issue of permissions, approvals, certificates, enrolments, registrations, licenses, allotments, consents, no objection certificates and the like including incentives, by any Department or Organization of the Government including local bodies to set up and operate a business Online payment of fees Online approval, tracking of the real-time status of application and issuance of the certificate(s) Notification alert to applicants through SMS/ e-mail notification as and when the form is submitted and the query is raised and/, or application is approved/ rejected. Automated SMS/ e-mail notification to the respective Head of Competent Authorities with status information on the applications in which clearances are likely to breach the stipulated time frame specified in the West Bengal Right to Public Services Act. Purpose and Objectives In a dynamic era of digital transformation, the West Bengal government has pioneered the Silpa Sathi Portal, a revolutionary platform designed to empower entrepreneurs and businesses. The portal, launched with a specific set of objectives, aims to streamline various processes, foster economic growth, and catalyze entrepreneurship across the state. Initiating Body/Authority The driving force behind the Silpa Sathi Portal is the West Bengal Industrial Development Corporation (WBIDC), an instrumental authority committed to propelling industrialization and economic development in the state. This visionary initiative aligns with WBIDC’s mission to create a business-friendly environment and stimulate investment. Key Functionalities Include Business Registration: Streamlined processes for entrepreneurs to register their businesses hassle-free. Information Hub: A centralised repository of business-related information, guidelines, and resources. Financial Assistance Programs: Access to various government schemes and financial aid for eligible businesses. Networking Opportunities: Facilitation of networking events, collaborations, and partnerships within the business community Benefits and Impact Economic Growth and Job Creation The Silpa Sathi Portal plays a pivotal role in propelling economic growth within West Bengal. By facilitating business establishment and expansion, the portal contributes to job creation and increased economic output. Small businesses, in particular, stand to benefit significantly from the streamlined processes and financial aid programs. Improved Business Environment One of the key impacts of the Silpa Sathi Portal is the creation of a conducive business environment. The simplified registration processes, coupled with easy access to information and resources, reduce bureaucratic hurdles. This, in turn, fosters a more favorable climate for businesses to thrive. Enhanced Competitiveness Businesses that leverage the Silpa Sathi Portal gain a competitive edge. The platform provides insights into market trends, connects businesses with potential partners, and offers financial support to enhance competitiveness. By fostering collaboration and innovation, the portal positions West Bengal businesses on a trajectory of sustained growth. Eligibility Criteria To harness the benefits of the West Bengal Silpa Sathi Portal, businesses must adhere to specific eligibility criteria. Typically, eligibility revolves around the nature of the business, its scale, and its alignment with the state’s economic development objectives. Startups, small and medium-sized enterprises (SMEs), and large enterprises may have different criteria tailored to their respective needs. West Bengal Silpa Sathi Portal Registration Process Step 1: Visit the Silpa Sathi Portal to access the desired online services. Step 2: Click “Apply Online” to open the Silpa Sathi single-window portal. Step 3: Click the “Click Here” hyperlink to open the Sign-Up Page. Step 4: Ensure the username is under 10 characters and unique. Step 5: Create a password with one numeric, one uppercase, one lowercase, and a minimum of 8 characters. Step 6: Confirm that the password matches. Step 7: Provide a unique email ID and mobile number. Step 8: Complete all details and click the register button. Step 9: Upon registration, Silpa Sathi will display a message stating, “Email has been sent to” the registered email ID. Step 10: Check your email for a validation message and click “Click here to validate the account.” Step 11: Upon successful validation, the message “User Validate Successful” will appear. Users can then log in using the registered username and password. FAQs How does the Silpa Sathi Portal plan for future developments and improvements? The Silpa Sathi Portal adopts a forward-thinking approach, planning future developments through technological upgrades, expanded services, and regional outreach. Regular assessments of user feedback and evolving business needs guide ongoing improvements and enhancements. What are the primary advantages or benefits of utilising the Silpa Sathi Portal for entrepreneurs and businesses? The Silpa Sathi Portal offers advantages such as streamlined registration, access to financial aid, expert guidance, and networking opportunities. It creates a conducive environment for businesses to thrive, fostering competitiveness, growth, and innovation.

The National Pension System or NPS is a measure to introduce a degree of financial stability for Indian citizens after they have retired. It was previously known as the National Pension Scheme. Anyone over the age of 60 is eligible to use the amount gathered in the pension corpus. You will need an NPS calculator to determine how much the total accumulation amounts to. Any resident of the country who is between 18 and 60 years of age is eligible to build up a pension corpus. It is an investment and an asset after retirement. Since most people in India have private jobs with little security, they need a National Pension Scheme calculator. Pension schemes in the country are not market-linked instruments and earn sound returns. What is the NPS Calculator? One tool that can help you determine the returns on your NPS investments is an NPS calculator. You can provide a few simple details to get an idea of the retirement corpus you can accumulate over time. You can use the NPS calculator to see how much of a tax-free lump sum payment and how much lifetime pension income you will receive from NPS investments if you begin investing in NPS right now. You may also see how much money you might save on taxes by investing in NPS using the NPS calculator. This is by Income Tax Act sections 80CCD(1) and 80CCD(1B). Moreover, you pay no capital gains tax on the lump sum you withdraw from retirement, and your retirement corpus is tax-free.  Formula for calculating Pension amounts NPS, like all pension schemes around the world, uses compounding interest to calculate returns. The formula that the National Pension Scheme calculator India uses is: A = P (1 + r/n) ^ nt In the equation, the amount is A. The other variables are the following. P Principal sum R/r Rate of interest per annum N/n Number of times interest compounds T/t Total tenure An example of how pension aggregates is essential here. If you are 34 years old and your monthly contribution is Rs 3000, you will need to add to the pension account for 26 more years. Assuming that the rate of interest or ROI is expected at 10% every year, the following are the details the National Pension Plan calculator offers. Total Principal invested= Rs 9.36 Lakh Sum expected on Maturity = 44.35 Lakh How Does the NPS Calculator Work? You can see your overall gains, the predicted future value of your retirement corpus, and the total amount invested using the NPS calculator. It will also display the maximum tax-free lump sum withdrawal you can take out at retirement (60%) and the monthly pension income you will receive for the remainder of your life. After you pass away, 40% of the NPS corpus goes to your nominee. Illustration on NPS Calculation Consider an example to elucidate how the NPS calculator computes the monthly pension. Mr A, a 21-year-old central government employee, participates in the National Pension Scheme. He opts to contribute Rs 3,600 monthly towards the scheme. The NPS matures upon reaching 60 years of age for the subscriber. Accordingly, Mr A will contribute for the subsequent 39 years until the scheme’s maturity. Mr. A anticipates an annual return on investment (ROI) of 8%. Additionally, he intends to allocate 40% toward purchasing an annuity with an expected return rate of 6%. Upon retirement, the NPS calculator projects the status of Mr. A’s pension account. The total investment made by Mr A throughout the period amounts to ₹ 16,41,600. The projected corpus generated at retirement stands at ₹ 1,07,06,420. Additionally, the calculator provides a summary of Mr. A’s pension account. The lump sum value of the corpus at retirement is calculated to be ₹ 64,23,852. Furthermore, the estimated monthly pension Mr A can expect to receive amounts to ₹21,413. FAQs What is an NPS Calculator? An NPS Calculator is an online tool designed to help individuals estimate the corpus they can accumulate at retirement and the potential monthly pension they can receive under the National Pension System (NPS). By entering basic details like investment amount, tenure, and expected returns, users can calculate the expected retirement savings and monthly pension. How does the NPS Calculator work? Investment amount (contribution): The monthly or yearly contributions made by the individual. Investment tenure: The period over which contributions are made (typically until retirement). Rate of return: The expected annual rate of return on the NPS investments. Annuity purchase percentage: The portion of the NPS corpus that will be used to buy an annuity, which provides monthly pension. Annuity rate: The expected rate of return on the annuity purchased.