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Income tax return forms for FY 2020-21 notified

Taxpayers including individuals, Hindu undivided family, professionals and businesses, will be able to avail benefits of savings or investments made between April 1 and June 30, following the extension timelines provided by the finance ministry owing to Covid 19 pandemic.

Will place draft ecommerce policy in public domain for comments soon: DPIIT Secretary

DPIIT Secretary Guruprasad Mohapatra said the ecommerce is a fast emerging sector and it is difficult to predict where it will go in the next couple of years. The country do not have e-commerce policy and now the department is currently working on this, he added.

India needs intelligent lockdown exit strategy: SBI report

"We now believe that we should implement an intelligent lockdown exit strategy as the discussion has moved from debate between lives and livelihood to also between lives and lives as an elongated lockdown will only prolong irreversible growth collapse," SBI's research report 'Ecowrap' said.

Large companies fear losing out on GST credit if vendors, suppliers go bankrupt due to Covid crisis

Vendors face indemnity papers, blocked payments as firms try to ringfence them from defaults.

How to bolster the presence of women in India's labour force

The patriarchal family structure, lack of education and required skills, restriction to household chores, lack of access to a safe workplace, maternity benefit and gender gap in pay are some reasons that deter women to participate in India’s labour force.

Why India needs to put cash in the hands of the poor

GoI has sedulously avoided direct disbursements to wage labourers who have no jobs and no recourse.

Mohandas Pai to chair IBBI advisory committee on service providers

Bharti Infratel Chairman Akhil Gupta, Raksha Shakti University Director General Bimal N Patel, CSB Bank MD and CEO Chinna Veerappan Rajendran, former Sebi ED J Ranganayakulu, former Deloitte India Chairman P R Ramesh and Indian Institute of Corporate Affairs DG and CEO Sameer Sharma are among the members.

No decision taken on setting up bad bank: Finance Ministry official

Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets.

Hike in GST rates unlikely

If goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their demand and impede the overall economic recovery.

Labour ministry to provide free skills training to job seekers registered on National Career Service portal

The training will encompass modules on corporate etiquette, improving inter personal skills, making impactful presentation including other necessary soft skills needed by the industry. The training module is available in two languages, Hindi and English, on the NCS portal.

Uttar Pradesh govt inks MOUs with industry bodies for 11 lakh jobs to migrant workers

Uttar Pradesh govt inks MOUs with industry bodies for 11 lakh jobs to migrant workers

The Federation of Indian Chamber of Commerce and Industry (FICCI) and Indian Industries Association (IIA) accounted for three lakh jobs each, while NARDECO and Laghu Udyog Bharati accounted for 2.5 lakh jobs each, UP MSME minister Sidharth Nath Singh said.

Decision to open shops in malls soon after taking into account health ministry's guidelines

Decision to open shops in malls soon after taking into account health ministry's guidelines

"The decision to open the remaining shops in the malls, will be taken soon, after taking into account the guidelines of the health ministry," the ministry said in a statement.​

CBDT notifies minimum fees for managers of India-based offshore funds

CBDT notifies minimum fees for managers of India-based offshore funds

The floor rate for Category I foreign portfolio investors (FPIs), which includes pension funds and sovereign wealth funds, has been set as 0.1% of the assets under management, lower compared to private equity funds, alternate investment funds and Category II FPIs.

View: India needs structural reforms for growth to make a strong comeback

View: India needs structural reforms for growth to make a strong comeback

​​In response to a crisis such as the current pandemic, India needs to come up with an effective rescue plan.

Government must balance fiscal prudence with people’s immediate necessities

Government must balance fiscal prudence with people’s immediate necessities

Even the fiscally conservative President Donald Trump has announced nearly $300 billion in direct cash transfers to US citizens at the bottom of the pyramid. PM Modi would do well to have his government attack the problem from the demand side by putting money directly in the hands of the people.

Assam's Commerce Minister calls upon top global companies to invest in the state

Assam's Commerce Minister calls upon top global companies to invest in the state

The Minister called upon the industries to invest in Assam and instructed the officials to fast track all investment proposals and assured of customised support with a dedicated team of officers for each company.

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