The
Reserve Bank of India has clarified that all lending institutions are permitted
to grant a moratorium of three months on payments of all instalments on term
loans, including credit cards.
Monday, 30 March 2020
Sunday, 29 March 2020
What might work, what probably doesn’t, and what’s flat-out wrong
Here’s a lot of misinformation and half-truths going around right now about
the novel coronavirus. That’s understandable — the virus is very new
and doctors and scientists are still learning about how the infection works and the best ways to treat it. The news being reported about tests, symptoms, and treatments is conflicting at times, which is
confusing. Plus, everyone wants to protect themselves as best they can, so it
makes sense that people will try anything to stave off the virus, proven or
not.
Coronavirus attacks the
lungs. In some cases, your throat and chest may rattle from the effort just to
breathe. It’s fast become common knowledge that ventilators can be a
life-saving intervention — and that there simply aren’t enough of the machines to meet the growing number of
patients. As a last resort, some hospitals are deploying the experimental technique of hooking two patients up to one
unit.
Saturday, 28 March 2020
Friday, 27 March 2020
Several banks have revised their operating times and
suspended non-essential banking services because of the rising novel
coronavirus (COVID-19) cases in India. Banking services like passbook updates,
counter cheque collections have been restricted as the banks promote social
distancing.
Thursday, 26 March 2020
Budget 2020 proposes to allow a taxpayer
to choose between the existing income tax regime (availing benefits of tax
exemptions and deductions) and a new tax regime (lower income tax rates with no
tax exemptions and deductions) every year as per their convenience.
Wednesday, 25 March 2020
The Union Finance & Corporate Affairs
Minister Smt. Nirmala Sitharaman
today announced several important relief measures taken by the
Government of India in view of COVID-19 outbreak,
especially on statutory and regulatory compliance
matters related to several sectors. While addressing
the press conference through video conferencing here today, Smt.
Sitharaman announced much-needed relief measures in
areas of Income Tax, GST, Customs &
Central Excise, Corporate Affairs, Insolvency& Bankruptcy Code (IBC) Fisheries,
Banking Sector and Commerce.
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