Page 16 - Banking Finance February 2023

ROUNDUP

At present, there are at least 20 dif- Chairman Supratim Bandyopadhyay The facilitator shall not charge any-
ferent windows at both the central and told reporters. thing from the start-up or the entre-
state levels, which need to be looked preneur, and this fee shall be paid di-
There has been an increase in fresh
into for getting clearances and approv- rectly to the facilitator by the Centre
funds to Rs 1.5 lakh crore as of Decem-
als for businesses and projects. These through the office of the Controller
ber 2022 compared to Rs 1.3 lakh
include the Employees' Provident Fund General of Patents, Designs and Trade
crore in the previous fiscal.
Organisation (EPFO), Goods and Ser- Marks (CGPDTM) and disbursed by the
As of December 2022, the number of
vices Tax Identification Number respective IP office, an official ex-
subscribers for the National Pension
(GSTIN), Corporate Identification Num- plained.
ber (CIN), Taxpayer Identification Scheme (NPS) and Atal Pension Yojana
Number (TIN), Tax Deduction Account (APY) grew by 24.62 per cent to 606.07
Number (TDAN), and others. lakh from 486.35 lakh in January 2022.
Attention Subscribers
The proposal is in line with the recom- According to PFRDA data, the net in-
Please renew your Subscription of
mendation of the working group, vested contribution as on December
Banking Finance Journal to receive
headed by an additional secretary (rev- 31, 2022, from the central govern-
copy of the journal uninterruptedly.
enue) under the Ministry of Finance. ment grew to Rs 1.65 lakh crore from
You can now pay by GPAY, Phonepe,
The group submitted its report Rs 1.37 lakh crore on January 1, 2022,
Paytm, Amazon, ICICI Pay, BHIM UPI
end-December, which proposed that states rose to Rs 3.24 lakh crore from
the move should be carried out in a Rs 2.52 lakh crore and corporate in-
phased manner, starting with central creased to Rs 84,878.13 crore from Rs
departments, such as GSTIN, and 61,067.43 crore.
then moving toward the state depart-
ments. Digital inclusion key to fi-
One by one the departments can adopt
nancial growth: Khera
PAN as the sole identity for all kinds of
Robust mobile and internet connectiv-
clearances, registration, licences, etc,
ity has helped India to expand financial
for ease of doing business. The commit-
inclusion, while a diverse network of
tee has proposed that the depart-
banking correspondents and micro
ments would be given a year to adapt
ATMS has ensured last mile reach, SBI
to the new system.
Chairman Dinesh Kumar Khara said.
Speaking at a session on 'Financial in-
Asset under management
clusion beyond access during the WEF
to be around Rs. 9 lakh Annual Meeting 2023, he also said a
lot is being done in the country to
crore in FY23
spread financial and digital literacy to
Pension regulator Pension Fund Regu-
help people with their banking needs.
latory and Development Authority
(PFRDA) said, the asset under manage-
Govt increases fee for fa- You can also make payment for
ment is likely to be around Rs 9 lakh
purchase of Books/Exam Guides
crore this financial year due to market cilitators to help start-ups
from www.sashipublications.com
volatility. "Earlier, we were looking at
apply for IP through above QR Code
an AUM of over Rs 10 lakh crore, how-
ever, due to the Russia-Ukraine war The government has increased the fee For any query please call
and other geopolitical scenarios the payable to empanelled facilitators who 9073791022/9883398055
market was volatile and we are hop- help start-ups apply for patents, trade-
www.sashipublications.com
ing to be over Rs 9 lakh crore," PFRDA marks or designs.

BANKING FINANCE | FEBRUARY | 2023 | 15