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Medical and healthcare services can avail benefits of MSME: CA Julfesh Shah

CA Julfesh Shah

CA Julfesh Shah

Medical services of all kinds including hospitals, nursing homes and clinics are eligible for MSME registration and they can avail the benefits that are extended to MSMEs said Nagpur chartered accountant Julfesh Shah while addressing a webinar on MSME for Medical and Dental Services organized by VSPM, Nagpur. 

Shah further said that as per Section 2(e) of the MSME Development Act 2006 ?enterprise? means an industrial undertaking or a business concern or any other establishment, by whatever name called, engaged in the manufacture or production of goods, in any manner, pertaining to any industry specified in the First Schedule to the Industries (Development and Regulation) Act, 1951 (55 of 1951) or engaged in providing or rendering of any service or services. 

Also read : VICCO Director heads panel discussion amid COVID-19 lockdown via video conferencing

Hence all type of medical services extended by the medical fraternity will qualify to be classified as MSME as per the new Definition w.e.f. 1st July 2020. Udyam registration can be done online by them for getting the MSME registration certificate.

By obtaining the Udyam registration, the enterprises dealing in medical services including dental services and healthcare can avail the applicable benefits extended under MSME. Practicing professionals, who have already obtained the bank loan for setting up hospitals and purchase of machinery, can avail benefits under the STIMULUS Package announced by Government of India. 

Dr Anoop Garg

Dr Anoop Garg

Existing professionals, who have taken the loan from the bank, will get additional loan of 20% with lower interest rate, which varies from 7% to 8% for 48 Months. Shah further said that if a newly qualified medical professional wants to setup a new hospital with purchase of machinery with maximum project cost upto 10 lakhs, then under the CMEGP Scheme announced by Maharashatra Government he can get a collateral free loan as well as back ended subsidy from the government, which varies from 15% to 35% of project cost. 

Also there are other benefits like protection against delay in payments, credit facilitation through bank, subsidy on patent registration upto 50%, technology up gradation support , energy conservation support etc.

Dr Ramkrishna Shenoi

Dr Ramkrishna Shenoi

Shah also advised about the various industrial opportunities that can be explored by the medical fraternity like manufacturing of medical devices including dental products and equipments, pharma sector, recycling of bio-medical waste. 

80% of the medical devices and equipment used in India are imported and most of them from USA and China. To become Atmanirbhar? India needs to produce medical equipments like CT, MRI, C-Arm, X-Ray, Ultrasound, Cancer diagnostic equipment like PET scan, dental equipment etc., which can prove to be a great opportunity for the medical fraternity. 

While Dr Usha Radke (Dean, VSPM Dental College) delivered the key note address, Dr Anoop Garg, Senior Dentist, chaired the session and Dr Ramkrishna Shenoi coordinated the webinar and proposed vote of thanks.

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Entertainment

To complete my film ‘Emergency’, I mortgaged every single thing I owned: Kangana Ranaut

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Elina Nayak | India

Kangana Ranaut

Kangana Ranaut finished the shoot of her much awaited film ‘Emergency’ recently. But finishing this film wasn’t an easy journey for the actress. She went through a lot of ups and downs while finishing this period drama where she plays former PM, Indira Gandhi.

Talking about all the difficulties she faced to complete the film, Kangana recently said, “Whatever task I take up, I make sure I finish it. But to finish the film, I had to mortgage all my properties, every single thing I owned as I am also banking the film as a producer. Moreover, mortgaging all my property to complete the film wasn’t a big deal. I am someone who makes all my big decisions within minutes. The main struggle was running to banks back-to-back while shooting the film. Somehow, it hampers your work big time.”

Kangana, who made her entry into Bollywood with ‘Gangster’ in 2006, also spoke about her initial days in Bollywood. “When I came to Mumbai, I had only ₹500. So, if I lose all my property after ‘Emergency’ release and I’m completely ruined, it won’t matter much. I am very confident and strong enough to stand up on my feet once again and bounce back. Such possessions hold no meaning for me to be frank,” said Kangana to the paparazzi during the ‘Emergency’ wrap-up party held recently.

Also read: Salim Khan was one of those few friends who encouraged me to become a screenwriter: Javed Akhtar

 

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Life & Style

With 7000 luxury cars, gold fitted private jets, Sultan of Brunei has everything money can buy

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Radhika Dhawad | Brunei
The Sultan of Brunei (Photo source: EPA)

With a personal wealth of £15 billion (approx rupees one lakh crore) Sultan of Brunei Hassanal Bolkiah (76) has been the king for over 54 years now. Sultans huge fortune is said to increase by £80 (₹7000) per second from just oil assets that he possesses. The Sultan is the second wealthiest monarch in the world after the King of Thailand

 Flew his hairdresser via private jet for a £19,000 haircut!

Such has been the Sultans lifestyle that he once flew his barber in his private jet for a single haircut, which cost him a total of £19,000 (approx ₹16.5 lakh) Not just this but hes also known to have his polo shoes flown by his helicopter for a match.

Once court papers in 2012 revealed that he paid £1.26 million (approx. ₹10.92 crore) to his badminton coach, £1.25million (approx. ₹10 crore) for acupuncture, massage and spent £50,000 (approx. ₹ 43 lakh) on guards for his exotic birds.

The Sultan, who spends around £17million (approx. ₹147 crore) on just jewellery as presents for his family members, paid two of his housekeepers £7million (approx. ₹60 crore) each! Once, the Royal Family spent so much at London jewellers Asprey that, in 1995, he decided to buy the entire company at a cost of £320million (approx. ₹2700 crore)!

Sultan Hassanal Bolkia and second wife Queen Hajah Mariam sit on the throne during an investiture ceremony for the Sultan’s 50th birthday celebrations (Photo source: AFP)

Multiple marriages, divorces

In 1965, the Sultan married his cousin Raja Isteri Pengiran Anak Hajah Saleha, with whom he has six children, including Crown Prince Al-Muhtadee. 

The Sultan remarried, but Raja still remains his wife and the Queen Consort. He married Hajah Mariam in 1982 a year before first wife Queen Saleha gave birth to their sixth child. He met her while she was working as an airhostess on a national airline.

He divorced Hajah (who was the mother of four children) in 2003 and stripped her off her royal titles. He then married TV presenter Azrinaz Mazhar, with whom he had two children before they divorced in 2010.

Micheal Jackson performed for Sultan’s 6000 subjects on his birthday

Father of 12, Sultan celebrated the weddings of his five children for a week by spending millions on each wedding. When Sultans eldest son Crown Prince, married a teenager Sarah Salleh (17), she wore jewel-encrusted Christian Louboutin heels and pure gold anklet. His daughter, Princess Azemah, 38, married her first cousin in week-long wedding on January 25, 2023. 

For his oldest daughter’s wedding, Princess Rashidah, American singer Whitney Houston was flown in to sing at the reception and the Sultan paid her £5.5million (approx. ₹47 crore).

Sultans 50th birthday in 1996 was celebrated for over 15 days that cost him over £20 million (₹173 crore). The extravagant celebrations comprised a polo match, gala dinner for 3,000 at the opulent Palace where caviar from the endangered beluga was served.

Apart from this, the guests enjoyed free-flow of champagne. Not just this, the Sultan paid Micheal Jackson £14 million (approx ₹120 crore), for which the pop singer performed at three concerts – one for Sultans 6000 subjects and two for his private guests. The Sultan as a token presented every guest of his a solid gold medal!

Sultan’s Palace with 1788 rooms 

1788 rooms, 257 bathrooms, air-conditioned stable for ponies

The Sultan resides at the Instana Nurul Iman Palace, which is the largest Royal residence in the world. The residence that was built over two years costs over £1billion (approx. ₹8600 crore) that includes 1788 rooms and 257 bathrooms.

With a personal wealth of £15 billion, Sultan of Brunei Hassanal Bolkiah has been king for over 50 years now. Check out his crazy lifestyle!
One of the five pools inside the Brunei Palace (Photo source: The Sun)

Inside Brunei Palace (Photo source: The Sun)

With gold and diamond all over, the residence has five huge swimming pools, a banquet hall that can accommodate over 5000 guests and a mosque with a capacity of 1500 people. Apart from all this, there’s also a fully air-conditioned stable for Sultans 200 polo ponies (small horses)!

Inside Sultan’s Palace

Most expensive private house in UK

The Sultan owns a lavish house in Londons most expensive area Regent Park, St Johns Lodge that consists of three linked properties. The same property in London was bought for £40million in 1994 (estimated to be worth £110 million [approx. ₹953 crore]) by making it the most expensive private house in the United Kingdom!

St John’s House in Regent’s Park is the most expensive private house in the UK (Photo source: Alamy)

Known for being generous in gifting huge properties to his family members, the Sultan also owns plush properties on the Gold Coast of Australia, Las Vegas, Los Angeles, to name a few.

The Sultan in 1997 gifted his playboy brother Prince Jefri a mansion worth £45 million (approx. ₹390 crore) in Las Vegas that has 92 rooms, 29 bedrooms, 42 bathrooms, a tennis court, three swimming pools and a huge garage that houses 11 cars.

 7000 cars worth £5billion

With almost 7000 cars, the Sultan possess the world’s largest car collection that include over 600 Rolls Royce, 500 Mercedes, 450 Ferraris, 380 Bentleys, over 100 Koenigsegg, 21 Lamborghinis, 11 Aston Martins, 179 Jaguars and 209 BMWs. His £5billion (approx ₹43000 crore) collection also includes a 24-carat gold-plated silver Spur Limo used for Royal weddings.

Sultan’s fleet of cars
With a personal wealth of £15 billion, Sultan of Brunei Hassanal Bolkiah has been king for over 50 years now. Check out his crazy lifestyle!
The Prince with a custom-built six door Rolls in 1984 (Photo source: Rex Features)

The custom-built Rolls Royce is gold-plated and is used for Royal weddings (Photo source: Rex Features)


Sultan’s car


Private jets decorated in gold

Not just cars, the Sultan is the proud owner of the £233 million (approx. ₹2000 crore) customised Boeing 747, with a living room and bedroom decorated in gold and crystals and washbasins of solid gold.

Inside Sultan’s private jet

With a personal wealth of £15 billion, Sultan of Brunei Hassanal Bolkiah has been king for over 50 years now. Check out his crazy lifestyle!
Inside Sultan’s private jet

Apart from this, he also owns a customised Airbus worth £75m (approx. ₹649 crore) and a Boeing 767 worth £136m (approx. ₹1200 crore).

Sultan’s private jet

(PS: The figures are an approximate value calculated as per the current market price, which have been sourced from The Sun)

Also read: Salim Khan was one of those few friends who encouraged me to become a screenwriter: Javed Akhtar

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Nagpur News

17-year-old girl gang-raped in car at Nagpur

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Radhika Dhawad | Nagpur

Nagpur Police arrested two men on Wednesday for allegedly gang-raping a 17-year-old girl in a car on Monday…

2 arrested after gang raping 17-yr-old in car | Nagpur

Representational Image

 
Nagpur Police arrested two men on Wednesday for allegedly gang-raping a 17-year-old girl in a car in Saoner (40 kms from Nagpur city) on Monday. The cops, initiated an extensive search immediately after receiving a complaint and arrested the two. 
 
The two accused convinced the teenage girl to travel with them in car by offering her to drop her at her destination. The survivor, who was clueless about the accused’s intentions, helped them by giving directions for the destination.
 
Cops said the two, however, took a detour on the way and took her to an isolated place, parked the car and allegedly gang-raped her. The duo has been booked under the Protection of Children from Sexual Offences (POCSO) Act, among other charges.

Also read: Nagpur: 3 men gang rape woman, stab her to death with axe, again rape her dead body

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