Dineout steps in with #ReliefForRestaurants petition as the restaurant industry takes a hit amidst COVID-19 lockdown
The petition is Dineout’s way of showing support and saving the restaurant industry from taking a hit in a time like this with so many jobs at stake.
March GST collections stand at Rs 97,597 crore
February was the fourth consecutive month when collections crossed Rs 1 lakh crore. Central GS...
Real reason behind D-Street selloff: FPI limit change that didn't happen
FPIs have sold $9.5 billion (Rs 71,000 crore) worth equities in the ...
Trending stocks: Indiabulls Housing Finance share price up 3%
Shares of Indiabulls Housing Finance Ltd. traded 3 per cent up in trade at 10:56 am on Wednesday .
386 new positive Covid-19 cases reported in last 24 hrs: Health Ministry
With as many as 386 new cases of COVID-19 reported in the last 24 hours, the Health Ministry on Wednesday said the spike was "not a national...
Covid-19 impact: Early-stage financing rounds fall 30-37%
Deal sentiment has taken a knock over the last few weeks after India imposed a nationwide 21-day lockdown to control the spread of the virus.
Domestic apparel industry could take a hit of Rs 1 lakh crore due to lockdown: CMAI survey
An analysis of the first 1500 responses, indicates the significant crisis is brewing in the domestic garment industry. Only a comprehensive support package from government can cushion the potential collapse of the Industry.
Power Finance Corp disburses Rs 11K cr in first week of lockdown
State-owned Power Finance Corporation (PFC) has disbursed Rs 11,000 crore to finance power sector projects during the first week of lockdown till March 31.
Ready to help India to procure ventilators, but scaling-up production a challenge: China
A number of countries including the US and India, are trying to procure ventilators needed for hospitals to deal with the demand caused by the coronavirus outbreak. Chinese ventilator producers say it is not easy for them to ramp up production as they also needed imported components.
Shipping Ministry asks authorities to exempt penalties for smooth operations at ports
In light of the Ministry of Home Affairs orders issued last week, each major port shall ensure that no penalties, demurrage, charges, fee, rentals are imposed on any port user for delay in berthing, loading or unloading operations, or evacuation or arrival of cargo caused by the reason attributable to lockdown measures from 22nd March to 14th April.
Govt extends validity of lower withholding tax orders by 3 months till June due to COVID-19
The Central Board of Direct Taxes (CBDT) in its order gave a major relief to taxpayers whose application for lower or nil deduction of TDS/TCS is pending for disposal saying that cases where the application is pending and where such certificates were issued for fiscal 2019-20, the validity of the certificates would get extended to June 30, 2020.
Health Ministry clears decks for ventilator procurement
The government is expected to procure 30,000 additional ventilators from Bharat Electronics, which is manufacturing a new model of the mechanical breathing device along with Mahindra & Mahindra, Tata Motors and Karnataka-based Skanray.
Ministry of skill development and entrepreneurship extends enrollments under the PMKVY by two months
The ministry has advised all states to resume training and orientation within 30 days of the revocation of the lockdown and be completed before August 31,2020 while all assessments and certification should be completed by September 15, 2020.
Finance Minister, RBI meeting on Tuesday to decide first-half borrowing plan for FY21
The meeting between the Finance Ministry and Reserve Bank of India (RBI) will be held through video conferencing for the first time as there is lockdown across the country. As per the Budget, the government plans to borrow Rs 5.36 lakh crore from the market in 2020-21, higher than the Rs 4.99 lakh crore estimated for the current financial year.
Govt extends implementation of uniform stamp duty for capital market instruments to July 1
The finance ministry also clarified that there is no change in the financial year. "There is no extension of the Financial Year," said a finance ministry statement, clarifying that the notification issued by the department of revenue pertained to amendments in the Indian Stamp Act.
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