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| 11 August, 2020, 09:10 PM IST | E-Paper
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    Policy

    Taxing Google, Amazon: India’s equalization levy suffers from ambiguities on applicability

    The first instalment of EL 2.0 was due on 7 July 2020. The stakeholders expected the government to defer the levy for some time, considering the COVID-19 crisis and to release clarifications on the scope of the levy.

    Suspending IBC for a year bad idea, restart bankruptcy courts in 2-3 months: Viral Acharya

    Acharya, who went back to New York as a professor of economics after quitting his job at the RBI six months before the end of his three-year term, said bankruptcy should not be seen as a punishment, but as a way to restructure debts and pitched for the courts to reopen in the next two to three months.

    Pass the coronavirus test? How banks and NBFCs can survive, and then thrive, in the post Covid-19 world

    COVID-19 is upending the banking sector while simultaneously forcing it to transform radically.

    IBC deferral plan and absence of loan rejig put banks in a fix

    Unlike the meltdown of 2008-09, Covid-19 has impacted a far higher number of industries.

    Will the Covid-19 crisis redefine the globalised world order?

    The COVID-19 crisis and its numerous fallouts can lacerate the already weakened roots of the globalised world order, with dire consequences for all the stakeholders, especially for those at the bottom of the socio-economic pyramid.

    Centre likely to fast-track changes for uniform flexi labour laws

    Top policymakers have begun discussions on a framework that will attract investors looking to shift manufacturing to India, a senior government official told ET.

    Atmanirbhar Bharat Abhiyan: FM Nirmala Sitharaman announces special reforms to enhance ease of doing business, new PSE policy

    In the last and final session of announcements for labour, land and liquidity support by centre, Finance Minister Nirmala Sitharaman announced reforms in Corporate Laws Act to benefit MSME sector and new Public Sector Enterprise policy as part of the Atmanirbhar Bharat Abhiyan project unveiled by Prime Minister Narendra Modi on Monday, May 11, 2020. Watch!

    Govt mulls credit guarantee scheme for loans for payment of wages by MSMEs

    Currently, banks are offering an extra line of credit of 10 per cent based on working capital limits, which the government intends to increase further.

    Alexa, report to the e-commerce regulator

    ​​​The intention is to bring all B2B, B2C, consumer-facing, consumer-based content platforms, apps-based commerce and IoT device-based services under the policy, potentially engulfing products like the Amazon Echo, which is powered by artificial intelligence-driven virtual assistant Alexa, and MG Hector, the Internet-enabled vehicle from Morris Garages in the regulatory realm of e-commerce.

    Covid-19: Revival of economy through tax measures

    The government (GoI) has so far been very supportive and empathetic towards businesses and was quick to respond through delayed application of few amendments introduced in Finance Act 2020 (FA 2020) along with relief measures on various tax and other statutory compliances announced subsequently.

    Several states extend working hours from 8 to 12 hours in factories

    Several states extend working hours from 8 to 12 hours in factories

    This is expected to boost manufacturing and supply of essential goods and services without violating the home ministry’s guidelines on working with reduced staff to maintain social distancing to curb the spread of Covid-19. Rajasthan, Himachal Pradesh and Gujarat have already announced the change.

    View: The grey areas in India's new FDI rules

    View: The grey areas in India's new FDI rules

    It’s the lack of clarity that makes one wonder if the note was a knee-jerk reaction, or a well-thought-out strategy.

    ASSOCHAM recommends stimulus package of $200 to $300 billion to tide over the COVID-19 challenges

    ASSOCHAM recommends stimulus package of $200 to $300 billion to tide over the COVID-19 challenges

    The chamber said that in keeping up with most economies of the world to institute stimulus measures with 10 percent of the Gross Domestic Product (GDP), the Indian economy would need a transfusion of over $200 billion with an ability to go up to $300 billion, over the next 12-18 months.

    Experts peg India's cost of Covid-19 lockdown at USD 120 bn

    Experts peg India's cost of Covid-19 lockdown at USD 120 bn

    Barclays specified the cost of the three-week nationwide lockdown to be alone at USD 90 billion, which is over and above the lockdowns announced by various states like Maharashtra earlier. They also said that the RBI is most likely to go for a 0.65 per cent rate cut in the April review and will slash interest rates further by 1 per cent during the course of the year.

    View: India's virus-stricken economy is in a dire need of a vaccine

    View: India's virus-stricken economy is in a dire need of a vaccine

    India cannot — and need not — let its economy be sacrificed at the altar of COVID-19 mitigation.

    Before you regulate, streamline

    Before you regulate, streamline

    ​​Without any protocol for resolving conflicting views between regulators on the same issue, stakeholders such as the parties involved in disputes, as well as consumers, at large suffer. Moreover, the regulatory burden for entities involved to supply information, litigate at multiple fora, etc, adding to the cost and (un)ease of doing business.

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