August 14, 2020


8 min read

Opinions expressed by Entrepreneur contributors are their own.


Have you ever released an offer into the world that you put your heart and soul into? An offer that made you giddy, such that you were waiting for the dollar bills to flood your bank account and your DMs to overflow on , only to get no response?

If you’ve been in business for a while, this has likely happened to you. It’s happened to every entrepreneur I know at least once. This disappointment happens because entrepreneurs set out to create offers focused on solving a problem for their prospects with such a high level of value that the offer seems like a no-brainer. 

Funnily enough, not considering your prospect’s and how it works can be the exact thing turning your “OMG YES!” solution into an indistinguishable “No thanks, I’ll pass” offer.

The (RBI) on Thursday announced that lending institutions like banks and non-banking finance companies (NBFCs) could now lend up to 90 per cent of the value of jewellery, raising the cap from 75 per cent earlier. The RBI increased the LTV (loan-to-value) ratio on loans to provide relief to borrowers looking to take loans to mitigate the financial exigencies caused by the coronavirus crisis. Here’s what you must know:

RBI statement on gold loan


The RBI said: “As per the extant guidelines, loans sanctioned by banks against pledge of gold ornaments and jewellery for non-agricultural purposes should not exceed 75 per cent of the value of gold ornaments and jewellery. With a view to further mitigate the economic impact of the coronavirus pandemic on households, businessmen and small businesses, it has been decided that the permissible loan to


The government modified some aspects of the e-assessment scheme introduced last year after Prime Minister unveiled the Taxpayers’ Charter.


The nomenclature of the scheme has now been changed to “Faceless Assessment Scheme” from the existing “E-assessment Scheme”.


The most important aspect of the new procedure is the coverage of “best judgment assessment” in case of a non-co-operative assessee. Earlier, it could only be done by the jurisdictional assessing officer. Jurisdictional officers may sometimes be familiar with taxpayers and contact and convince them to co-operate with the assessment proceedings, especially in cases where taxpayers would miss the notices inadvertently.




Now, even in these cases, assessment can be done on instructions of the national e-assessment centre (NeAC).


“Thus, taxpayers would need to be extra careful to comply with the notices issues by the NeAC as missing of notices


regulator the Securities and Exchange Board of India has lifted its trading ban on five entities, including Ruchi Global and Ruchi Soya Industries, in a case related to alleged manipulation in castor seeds trading.


National Steel & Agro Industries, Secunderabad Oils, and UKS Oils are the other entities on whom the ban has been lifted. Through two interim orders passed in March 2016 and May 2016, had barred the five entities, among others, from the securities for alleged fraudulent and manipulative trading in castor seeds on leading commodity bourse NCDEX.



Later in March 2017, the directions issued against them were confirmed. In an order passed on Wednesday, revoked the direction issued against the five entities with immediate effect.



In the show-cause notice it was alleged that by taking open interest (OI) positions in excess