Govt may need to further extend tax return deadline if COVID-19 cases continue to rise: Experts

Govt may need to further extend tax return deadline if COVID-19 cases continue to rise: Experts

Amid rising number of coronavirus cases, the tax department may have to come out with more measures and further extend the timelines to help the taxpayers comply with the statutory norms, according to experts. Although tax experts have welcomed the host of initiatives taken by the Finance Ministry to help the taxpayers in times of […]

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LG plans to ride on anti-China sentiment to come back to Indian smartphone market

LG plans to ride on anti-China sentiment to come back to Indian smartphone market

LG Electronics is planning to re-enter the highly-competitive smartphone market in India as it sees a “window of opportunity” amid the anti-China sentiment in the country, reported The Economic Times. The South Korean electronics major is currently mulling a comeback in the sub-Rs 15,000 segment which is currently dominated by Chinese companies. It will move […]

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Trade between India and Bangladesh through Petrapole-Benapole border in West Bengal resumes

Trade between India and Bangladesh through Petrapole-Benapole border in West Bengal resumes

Benapole-Petrapole land port accounts for 70 per cent of bilateral trade between Bangladesh and India. (File Photo) Trade between India and Bangladesh through the Petrapole-Benapole border in West Bengal resumed on Sunday after the state government opened the border for Bangladeshi lorries three months following its closure due to COVID-19, officials said. Officials said the […]

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Resumption of tourism will kickstart Goa’s economy: CM Pramod Sawant

Resumption of tourism will kickstart Goa’s economy: CM Pramod Sawant

Tourism activities resumed in Goa on Thursday, with 250 hotels with government permits opening their doors to domestic tourists. Goa Chief Minister Pramod Sawant has said that the resumption of domestic tourism, which was suspended due to the coronavirus-induced lockdown, will kickstart the coastal state’s economy. Tourism activities resumed in Goa on Thursday, with 250 […]

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Coronavirus impact | Indian billionaires take a knock, have a slow year

Coronavirus impact | Indian billionaires take a knock, have a slow year

Businesses of India’s richest continued to slow down—and resultantly their net worth eroded—in an economy which is growing at its slowest in 11 years, hurt by poor consumption demand. The collective wealth of India’s billionaires, according to the Forbes World Billionaires 2020 List, contracted 22.8 percent to $312.6 billion from $405.3 billion a year earlier. […]

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Power demand slump narrows to 2.6% in July beginning showing improvement in commercial activities

Power demand slump narrows to 2.6% in July beginning showing improvement in commercial activities

Many lockdown relaxations from May 4 to 31 perked up industrial and commercial demand. Power demand slump has narrowed to 2.6 per cent in the beginning of July from 9.6 per cent in June, showing improvement in commercial and industrial activities in the country. The peak power demand had declined by about 25 per cent in […]

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India’s services sector activity contracts for fourth successive month in June, PMI data shows

India’s services sector activity contracts for fourth successive month in June, PMI data shows

India’s services sector activity remained in deep downturn in June as the COVID-19 pandemic curtailed intakes of new work orders and disrupted business operations, a monthly survey said on July 3. The IHS Markit India Services Business Activity Index was at 33.7 in June, up from 12.6 recorded in May. Despite the rise, the Indian […]

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PM Modi announces launch of Aatmanirbhar Bharat App Innovation Challenge, invites startups, tech community to participate

PM Modi announces launch of Aatmanirbhar Bharat App Innovation Challenge, invites startups, tech community to participate

The announcement comes soon after the government banned 59 Chinese apps in India, including the much-popular TikTok app. Prime Minister Narendra Modi on July 4 announced the launch of a challenge to facilitate members of the Indian tech and startup community in creating world-class ‘Made in India’ apps. “To help our start-up and tech community achieve this objective, […]

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Biggest economic retaliation step! India puts complete ban on import of power equipment from China

Biggest economic retaliation step! India puts complete ban on import of power equipment from China

India has banned import of power equipment from China. In what could the biggest economic retaliation step against China among a slew of such moves taken by New Delhi recently, including stringent Customs scrutiny and banning of assorted Chinese apps in the wake of a short-lived, bloody border stand-off, power minister RK Singh on Friday […]

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How COVID-19 has changed Kerala’s NRIs from white knights to bête noires

How COVID-19 has changed Kerala’s NRIs from white knights to bête noires

Kerala, still basking from international glory over its handling of the COVID-19 pandemic, has suddenly turned a fractioned society over the fate of thousands of hapless expatriates who are desperate to return home amid mass job losses and the fear of the dreaded virus. Matters have taken an unlikely turn with the Left Democratic Front […]

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