Corporate tax

Mobile Phone prices in India to get dearer: Here are the new GST rates

At the 39th GST Council meeting held in New Delhi, Finance Minister Nirmala Sitharaman announced rationalization of tax rates on five sectors - mobile phones, fertilizers, footwear, renewable energy equipment, and man-made textiles. The GST rate on mobile phones will be hiked from the current 12% to 18%. Mar 14, 2020
Countries affected by coronavirus

Alas! 69,607 people have recovered from coronavirus globally

Now that's a positive relief, an air of optimism to breathe for the infected and their families amidst the soaring number of deaths caused by the deadly coronavirus, and most reports confirming no cure for the infected. Over 50,000 people have recovered in China's Hubei province worst-hit by Covid-19 and Iran has seen over 2,900 recoveries, also few coronavirus victims from India have been cured. Mar 14, 2020
Reserve Bank of India

Coronavirus scares: Contingency planning on top of the agenda for global financial firms

Large financial institutions and corporates are ramping up their contingency planning efforts to combat the spread of coronavirus amongst its staffers, which include telling them to self-quarantine for 14 days if exposed to someone suffering from the virus, deep cleaning of offices and splitting operations such that some staff can work-from-home in affected regions. Mar 12, 2020
Coronavirus in India

China's slowdown and disruption in supply: Impact of coronavirus outbreak on global trade

With the widespread coronavirus attack on a global rise, it is becoming increasingly difficult for businesses to sustain the growth momentum through the last few weeks. The trade and business in India has been worst hit by $348-million, according to a UNCTAD report. This is much lesser in comparison to the impact borne by the world's leading economies - the EU, the US, Japan and South Korea. Mar 12, 2020