Cipla has launched the generic version of COVID-19 treatment drug remdesivir at a price which is among the lowest globally, according to a PTI report. The pharma major is looking to supply over 80,000 vials within the first month. The drug is priced at ₹4,000 per 100 mg vial, Cipla said in a statement. Remdesivir […]
The government measures to provide partial credit guarantee to public sector bank on their asset purchases from NBFCs can ease funding pressure only for the short-term, says a report. In the budget, the government had said for purchase of high-rated pooled assets of financially-sound NBFCs, amounting to Rs 1 trillion during the current financial year,
Citizen groups, residents welfare associations and experts have raised questions about the old property tax data, which was gathered over the last 12 years, not being utilised in the new portal made by National Informatics Centre. The taxpayers, meanwhile, have to feed all the data again while filing their taxes.United Residents Joint Action (URJA) says
“This is not the time to talk of fiscal consolidation. This is the time in which the world believes, I think, that what needs to be protected is the expenditure over fiscal deficit and this is exactly what the central government has done,” NK Singh said at a press conference on Friday. His statement assumes
India figures among the top-three countries getting detailed information from Switzerland about bank accounts and beneficiary ownership of entities established by their residents in the Alpine nation, according to the latest study by OECD’s Global Forum on transparency and exchange of information for tax purposes. In its latest peer review report on exchange of information
India among Switzerland’s top-3 partners for info exchange on tax matters Read More »
Finance Minister Nirmala Sitharaman on June 25 said the Centre is in talks with the Reserve Bank of India (RBI) on the subject of one-time restructuring of loans to provide relief to companies that are reeling under stress due to the unprecedented economic fallout from the COVID-19 pandemic. Sitharaman said the Centre was also looking
FM Sitharaman in talks with RBI on restructuring of loans Read More »
As per the Scheme, the guarantee cover worth Rs. 20,000 crores will be provided to the promoters who can take debt from the banks to further invest in their stressed MSMEs as equity, an official release said. This Scheme seeks to extend support to the promoters of the operational MSMEs which are stressed and have
India received USD 51 billion in foreign investment in 2019 and was the world’s 9th largest recipient of foreign direct investments (FDI) in 2019, according to a report by the UN’s trade body. The UN Conference on Trade and Development (UNCTAD) said in a report on Monday that a lower but positive economic growth in
In a relief to millions of construction workers during the nationwide lockdown, states have disbursed Rs 4957 crore to two crore building and construction workers till date following an advisory from the labour ministry in March. “About 1.75 crore transactions were done directly into the bank accounts of the workers through direct benefit transfer (DBT)
States disbursed Rs 4957 crore to two crore construction workers Read More »
The 40th GST Council was held on 12th June 2020 with major relaxations given to MSME taxpayers. A reduced interest at 9% will be charged for any further delay in the filing by small taxpayers beyond 6th July 2020 until 30th September 2020. Further, no late fee will be charged for nil GSTR-3B pertaining to