China, where the deadly coronavirus first emerged in December last, reported just one COVID-19 case, the National Health Commission (NHC) said on Saturday. The death toll remained at 4,633 with no new fatality. As of Friday, the total confirmed cases on the mainland were 82,875. As many as 77,685 patients have been recovered, the NHC said.

One new imported coronavirus case was reported on Friday with no new local infection, it said. China has reported a total of 1,671 imported COVID-19 cases, including seven in critical condition. The Hubei province and its capital Wuhan, the epicentre of the virus, have not reported any coronavirus case for 28 consecutive days since April 4, local health commission said on Saturday. Hubei also lowered its COVID-19 emergency response from the highest level to the second-highest on Saturday.

The lowering of the emergency level shows a major breakthrough in Hubei's prevention and control against the coronavirus, Hubei Vice-Governor Yang Yunyan told media. Meanwhile, 20 new asymptomatic cases were reported on Friday, taking the total number of such patients to 989. Asymptomatic cases refer to people who are tested COVID-19 positive but develop no symptoms such as fever, cough or sore throat. However, they pose a risk of spreading the disease to others.

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Russia reported more than 10,000 new cases of coronavirus infections on Sunday, the first time the country's daily tally reached five figures."More than half of the 10,633 new cases reported were in Moscow, where concern is rising about whether the capital's medical facilities will be overwhelmed. Russia has recorded more than 1,34,000 coronavirus infections overall and 1,420 deaths."

150 test positive in Kabul
Afghanistan's public health ministry announced Sunday that 500 random Coronavirus tests in the capital revealed more than 150 positive results, raising fears that the virus may be spreading faster than originally thought.

Ministry spokesman Wahid Mayar called the results from Kabul "concerning" and said people must remain in their homes to slow the spread. He said the country's actual infection rate would likely increase as testing becomes more available. Afghanistan has thus far taken close to 12,000 samples, of which over 2,700 have been positive, and 85 have died.

Kabul and most other cities are in lockdown. Afghanistan has also received more than 250,000 refugees who have returned from Iran, the country hardest hit by coronavirus in the region. There are growing fears that the country's health care system, devastated by four decades of war, will be woefully unprepared for a major outbreak.

Pakistan's COVID-19 tally crosses 19,000

Pakistan's COVID-19 tally crossed 19,000 on Sunday after 989 new patients were diagnosed in the past 24 hours. The Ministry of National Health Services said 23 patients died in this period, taking the total toll to 440. The authorities so far have conducted 2,03,025 tests, including 8,716 in the last 24 hours. Prime Minister Imran Khan on Saturday said he was not sure when the anti-COVID-19 vaccine will be available and expressed fears that "we may have to live with the virus for six months or (even) a year". He said the war against the pandemic can be won by wisdom and not by using force to shut down the masses.

657 more infected in Singapore

Singapore on Sunday recorded 657 new cases, over 600 of whom are foreign workers, taking the total number of COVID-19 infections to 18,205. "The number of cases among migrant workers has been fluctuating in recent days due to clearance of backlogged cases by one laboratory," the Health Ministry said. Singapore will allow some businesses to reopen from May 12.

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The race by governments to develop mobile tracing apps to help contain infections after coronavirus lockdowns ease is focusing attention on privacy. The debate is especially urgent in Europe, which has been one of the hardest-hit regions in the world, with nearly 140,000 people killed by COVID-19. The use monitoring technology, however, may evoke bitter memories of massive surveillance by totalitarian authorities in much of the continent. The European Union has in recent years led the way globally to protect people's digital privacy, introducing strict laws for tech companies and web sites that collect personal information. Academics and civil liberties activists are now pushing for greater personal data protection in the new apps as well.

European authorities, under pressure to ease lockdown restrictions in place for months in some countries, want to make sure infections don't rise once confinements end. One method is to trace who infected people come into contact with and inform them of potential exposure so they can self-isolate. Traditional methods involving in-person interviews of patients are time consuming and labor intensive, so countries want an automated solution in the form of smartphone contact tracing apps. But there are fears that new tech tracking tools are a gateway to expanded surveillance. Intrusive digital tools employed by Asian governments that successfully contained their virus outbreaks won't withstand scrutiny in Europe.

Residents of the EU cherish their privacy rights so compulsory apps, like South Korea's, which alerts authorities if users leave their home, or location tracking wristbands, like those used by Hong Kong, just won't fly. The contact-tracing solution gaining the most attention involves using low energy Bluetooth signals on mobile phones to anonymously track users who come into extended contact with each other. Officials in western democracies say the apps must be voluntary. The battle in Europe has centered on competing systems for Bluetooth apps. One German-led project, Pan-European Privacy-Preserving Proximity Tracing, or PEPP-PT, which received early backing from 130 researchers, involves data uploaded to a central server.

However, some academics grew concerned about the project's risks and threw their support behind a competing Swiss-led project, Decentralized Privacy-Preserving Proximity Tracing, or DP3T. Privacy advocates support a decentralised system because anonymous data is kept only on devices. Some governments are backing the centralized model because it could provide more data to aid decisionmaking, but nearly 600 scientists from more than two dozen countries have signed an open letter warning this could, 'via mission creep, result in systems which would allow unprecedented surveillance of society at large.'

Apple and Google waded into the fray by backing the decentralized approach as they unveiled a joint effort to develop virus-fighting digital tools. The tech giants are releasing a software interface so public health agencies can integrate their apps with iPhone and Android operating systems, and plan to release their own apps later. The EU's executive Commission warned that a fragmented approach to tracing apps hurt the fight against the virus and called for coordination as it unveiled a digital 'toolbox' for member countries to build their apps with.

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[Source: Research & Innovation] A total of 117 innovative solutions to tackle the coronavirus have been selected as winners of the European Innovation Council-led #EUvsVirus Hackathon.

[Source: Research & Innovation] Polymer Comply Europe (PCE) is pleased to announce its next live webinar on the polynSPIRE project “Demonstration of innovative technologies towards a more efficient and sustainable plastic recycling”, organised on behalf of European Plastics Converters (EuPC) and the polynSPIRE project. The live webinar will focus on recycling and redesigning the plastics value chain are essential in reusing plastic waste material and avoiding landfill. Webinar agenda: Welcome & Introduction About CIRCE The polynSPIRE project: goals, challenges and progress Questions & Answers Closing

The Indian Central Board of Direct Taxes has issued a statement to defer the filing obligation on surrogate parent entities with regards to country-by-country reporting.

India's Central Board of Direct Taxes has launched a new consultation on proposals to amend Article 7 of India's double tax treaties on permanent establishment, and rule 10 in the Income Tax Rules, 1962, to establish a formula to bring within the charge to Indian tax a proportion of profits of a multinational deemed to have a significant digital presence in India. The country is considering using a formulary apportionment approach, akin to that proposed under the EU's Common Corporate Tax Base initiative.

The Indian Government on September 20, 2019, announced that it will reduce the rate of corporate tax to 22 percent, from 30 percent. New domestic manufacturing ventures will benefit from a 15 percent rate.

The Dutch Ministry of Finance has announced that around 24,000 small traders will be able to defer their wage tax declarations this year due to problems with the Government's new online portal for businesses.

The Hong Kong Financial Services Development Council has released a report calling for the Government to expand its tax treaty network, in particular with countries that have growing aviation industries.

A new study by PwC has concluded that abolishing Germany's flight ticket tax would provide a substantial boost to the German economy.

Indonesia is to hike its air departure tax for Soekarno-Hatta Airport, by far the country's busiest, from March 1.

The Dutch Government has begun a public consultation exercise on plans to introduce a new tax on air travel by 2021.

The BSE Sensex has surged 640 points to 32,083 (up 2.0%).

Among the top gainers in the BSE Sensex today are HUL (up 4.3%), BAJAJ FINANCE (up 3.3%) and TCS (up 3.0%). Other gainers include RELIANCE IND. (up 2.8%) and MARUTI SUZUKI (up 2.7%).

BAJAJ AUTO (down 2.7%) and NESTLE (down 1.0%) are among the top losers today.

In the meantime, the NSE Nifty Index is up 3,299 points to 9,377 (up 1.9%).

The top gainers in the NSE Nifty Index include include HINDALCO (up 4.5%), HUL (up 4.2%) and ZEE ENTERTAINMENT (up 3.7%). Other gainers include GAIL (up 3.6%) and MARUTI SUZUKI (up 2.6%).

Over the last one year, the BSE Sensex has moved up from Rs 38,277 to Rs 32,083, registering a gain of Rs -6,194 (up -16.2%)..

The top gainers among the BSE Sensex stocks during this same period were BHARTI AIRTEL (up 66.4%), NESTLE (up 63.6%) and HUL (up 22.6%).

Which stocks contributed the most to the BSE Sensex?

The biggest contributors to the gain in the Sensex today were HUL (86 points) and BAJAJ FINANCE (68 points).

Among the other contributors were TCS (57 points) and RELIANCE IND. (43 points).

What about the other broader BSE Indices?

The BSE 100 index has gained -2,133 points today and is now trading at 9,475 (down 18.4%). The top gainer here is AVENUE SUPERMARTS LTD (up 76.0%).

The BSE 500 on the other hand gained 2,818 points (up 1.7%), and is currently at 12,141.

Asian stock markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.6% while the Hang Seng is up 0.9%. The Nikkei 225 is trading up by 1.8%. Wall Street's indices climbed on Thursday, with the Nasdaq erasing losses for 2020, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.

Trends on SGX Nifty indicated a positive opening for the index in India with a 91 points gain.

India share markets opened higher. The BSE Sensex is trading up by 542 points while the NSE Nifty is trading up by 158 points. The BSE Mid Cap index and BSE Small Cap index opened up by 0.9% and 0.6% respectively.

All sectoral indices are trading in green with metal stocks and banking stocks witnessing maximum buying interest.

Note that the�coronavirus impact�has shaken markets worldwide. For the�BSE Sensex, FY20 was the second worst year post FY08, the year of the global financial crisis.

Good Time to Start Investing Now?

Naturally, there is an atmosphere of fear all round.

Is it time to sell stocks now? Will the correction get worse?

History has shown that after years like the one we had just now, the next 3 years are good for the markets. In fact, these corrections are the rare times when you find businesses with solid fundamentals at reasonable valuations.

If you can�find good businesses�that can survive the current crisis, you will do well in the long run.

Moving on, the rupee is currently trading at 75.57 against the�US$.

Gold prices are currently trading up 1.7% at Rs 46,161.

Gold prices in India edged lower in yesterday's trade though it remained in a narrow range.

On MCX, June gold futures fell about Rs 30 to Rs 45,340 per 10 gram, extending losses to the third day.

Gold prices had fallen about Rs 426 per 10 gram in the previous session. Silver futures also gave up early gains and were down 0.1% to 41,803 per kg.

In global markets, gold prices edge higher today after a sharp fall in the previous session.

Spot gold climbed 0.3% to US$1,690.19 per ounce, after a 1% fall in the previous session. Despite bleak economic data, the dollar's strength is weighing on gold.

The US dollar today touched a more than one-week high against a basket of major currencies. Besides firmer dollar, some bullion refineries restarted have production, easing supply-side concerns.

Moving on to mutual funds sector. Investors pumped Rs 837.8 billion in equity-oriented mutual fund (MF) schemes in FY20, registering a decline of 25% from the Rs 1.11-trillion inflows in the preceding year.

However, this was the sixth successive year of net inflows in equity mutual funds, according to data by the Association of Mutual Funds in India.

The flows into equity funds in the last fiscal were lower than the flows in 2018-19 primarily because of the equity markets displaying volatility, which made some investors take a break from making fresh equity investments.

Net inflows in these funds were Rs 1.7 trillion in FY18, Rs 703.7 billion in FY17, Rs 740.2 billion in FY16, and Rs 710.3 billion in FY15. However, they had witnessed a net outflow of Rs 92.7 billion in FY14.

To know what's moving the Indian stock markets today, check out the most recent�share market updates here.

NTPC share price has plunged 5% and is presently trading at Rs 92.

Meanwhile, the BSE POWER Index is at 1,456 (down 2.1%).

Among the top losers in the BSE POWER Index today is NTPC (down 5.1%).

RELIANCE INFRA (up 5.0%) and THERMAX (up 0.8%) are among the top gainers today.

Over the last one year, NTPC has moved down from Rs 134 to Rs 92, registering a loss of Rs 42 (down 31.0%)..

The BSE POWER has moved down from 1,954 to 1,456, loss of 498 points (down 25.5%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were TORRENT POWER LTD (up 20.9%) and GMR INFRA (up 7.2%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.4%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%). The most traded stocks in the BSE Sensex are INDUSIND BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 1.3%). ZEE ENTERTAINMENT (up 5.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.73%).

NTPC Financial Update...

NTPC net profit down at Rs 14 billion for the quarter ended December 2019, compared to a loss of Rs 27 billion a year ago. Net Sales declined 2.6% to Rs 235.0 billion during the period as against Rs 241.2 billion in October-December 2018.

For the year ended March 2019, NTPC reported 151.3% increase in net profit to Rs 161.6 billion compared to net profit of Rs 64.3 billion during FY18.

Revenue of the company grew 8.7% to Rs 957 billion during FY19.

The current Price to earnings ratio of NTPC, based on rolling 12 month earnings, stands at 5.1x.

This article (NTPC Plunges by 5%; BSE POWER Index Down 2.1%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

TORRENT POWER LTD share price has plunged 5% and is presently trading at Rs 327.

Meanwhile, the BSE POWER Index is at 1,456 (down 2.1%).

Among the top losers in the BSE POWER Index today is TORRENT POWER LTD (down 5.1%).

RELIANCE INFRA (up 5.0%) and THERMAX (up 0.8%) are among the top gainers today.

Over the last one year, TORRENT POWER LTD has moved up from Rs 255 to Rs 327, registering a gain of Rs 72 (up 28.1%)..

The BSE POWER has moved down from 1,954 to 1,456, loss of 498 points (down 25.5%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were TORRENT POWER LTD (up 20.1%) and GMR INFRA (up 7.5%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.3%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%). The most traded stocks in the BSE Sensex are INDUSIND BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 1.3%). ZEE ENTERTAINMENT (up 4.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.76%).

TORRENT POWER LTD Financial Update...

TORRENT POWER LTD net profit stood at Rs 4 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales declined 5.4% to Rs 30.8 billion during the period as against Rs 32.5 billion in October-December 2018.

For the year ended March 2018, TORRENT POWER LTD reported 121.5% increase in net profit to Rs 9.5 billion compared to net profit of Rs 4.3 billion during FY17.

Revenue of the company grew 15.1% to Rs 115 billion during FY18.

The current Price to earnings ratio of TORRENT POWER LTD, based on rolling 12 month earnings, stands at 10.0x.

This article (TORRENT POWER LTD Plunges by 5%; BSE POWER Index Down 2.1%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Indian share markets ended their trading session on a positive note today.

Benchmark indices edged higher, tracking overnight gains in the US market and positive Asian stock markets.

Further, talks of an economic stimulus for small businesses battered by the coronavirus outbreak improved sentiment.

Reportedly, the government may unveil fiscal stimulus amounting to 0.3% of the country's gross domestic product, focusing on small and medium sized businesses, real estate firms and banks.

At the closing bell, the�BSE Sensex�stood higher by 199 points (up 0.6%) and the�NSE Nifty�closed higher by 52 points (up 0.6%).

SGX Nifty�was trading at 9,260, up by 64 points, at the time of writing.

The BSE Mid Cap�index ended up by 0.1%, while the�BSE Small Cap�index ended the day down by 0.5%.

On the sectoral front, gains were seen in the energy sector and FMCG sector, while power stocks witnessed selling pressure.

Asian stock markets�finished on a strong note as of the most recent closing prices.

The�Hang Seng�was up 1% and the Nikkei was trading higher by 2.6%. The Shanghai Composite was up 0.8%.

European markets were trading on a positive note. The DAX was trading up by 0.8%, while the CAC 40 was trading up by 0.7%.

The rupee was trading at 75.55 to the US$ at the time of writing.

Gold prices�are currently trading up by 0.2% at Rs 46,274.

Speaking of the current stock market scenario, Indian stock markets have seen a stunning recovery over the last 5 weeks.

From its all-time high levels of 42,274 touched on January 20 this year, the Sensex crashed 39% to a multi-year low at 25,639 on March 23. Later, the index made a rapid recovery till April 30 as it added 4,250 points.

Thereafter, in just two sessions of this month, Sensex lost 7%.

Excluding this week's 7% fall, of all the rebounds after a 35%-40% fall in the market, the current one has been the biggest by a distance.

This is evident from the chart below:

Sensex: From Bear to Bull in 30 Days

While the Sensex has rebounded sharply, there are still many stocks out there that are trading at attractive valuations.

Co-head of research at�Equitymaster, Rahul Shah, believes this is a good time to get into stocks, even if you missed the rally because the market is fairly valued.

History has shown that after years like the one we had just now, the next 3 years are good for the markets. In fact, these corrections are the rare times when you find businesses with solid fundamentals at reasonable valuations.

If you can�find good businesses�that can survive the current crisis, you will do well in the long run.

Moving on, market participants were tracking�Shree Cement share price,�TCI Express share price, and�SBI Cards and Payment Services share price�as these companies announced their March quarter results (Q4FY20) today.

You can read our recently released Q4FY20 results of other companies here:�Ambuja Cement,�IndusInd Bank,�Axis Bank,�Tech Mahindra,�Reliance Industries,�Marico,�Kansai Nerolac,�NIIT Technologies,�Persistent Systems,�SKF India.

In news from the banking sector, RBL Bank share price was in focus today.

The private lender on Thursday reported a 54% decline in its March quarter net profit to�Rs 1,143 million on the back of higher provisions.

The bank's total provisions trebled on a year-on-year (YoY) basis and stood at�Rs 6.1 billion in Q4FY20. It holds�Rs 1,079.5 million of provisions in excess of what RBI has mandated for covid-19 related moratorium.

The lender logged a 37% YoY growth in its operating profit at Rs 7.7 billion compared to Rs 5.6 billion a year ago.

The bank's total revenue jumped 33% YoY to Rs 15.2 billion from Rs 11.5 billion reported in Q4FY19.

RBL Bank's net interest margin (NIM) stood at 4.93% in the March quarter. Its net interest income (NII) grew 38% YoY to�Rs 10.2 billion in Q4FY20.

The bank's deposits fell 1% to�Rs 578.1 billion in Q4FY20. Current and savings account (Casa) deposits grew 17% and 2% sequentially to�Rs 171.1 billion in the March quarter.

The private lender's advances increased 7% to�Rs 580.2 billion.

For the financial year 2019-20, the bank's total income stood at Rs 55.4 billion, up 39% YoY from Rs 39.8 billion, while its operating profit jumped 42% YoY to Rs 27.5 billion.

To know more, you can read RBL Bank's Q4FY20 result analysis on our website.

Moving on to news from the pharma sector, shares of Dr Reddy's Laboratories rallied 8% today to hit a 52-week high of Rs 4,132, after the company received the Establishment Inspection Report (EIR) from US health regulator for its manufacturing plant at Srikakulam.

In a regulatory filing, the company said it has received EIR from the US Food and Drug Administration (USFDA), for the Active Pharmaceutical Ingredients (API) manufacturing plant at Srikakulam, Andhra Pradesh (CTO VI).

The site was issued warning letter in November 2015 after the inspection in 2014, and was under "Official Action Indicated" classification till now.

Dr Reddy's Laboratories share price ended the day up by 3.8%.

In other news, Laurus Labs share price witnessed selling pressure today. Stock of the company�slipped 10% today after more than 30 million equity shares of the pharmaceutical company changed hands via multiple block deals.

As much as 19.1 million shares were traded on BSE, while on the National Stock Exchange (NSE), about 15.3 million shares changed hands.

Last week, the company had reported its consolidated net profit at Rs 1.1 billion, which more than doubled from Rs 430 million reported in the year-ago quarter.

The company's board also recommended for the sub-division of equity shares of the company from existing face value of Rs 10 each to face value of Rs 2 each, subject to regulatory approvals.

Speaking of the pharma sector, in December 2019, co-head of Research at�Equitymaster, Tanushree Banerjee had predicted that pharma could be the sector to see a�big rebound in 2020.

And rightly so, most�pharma companies�have re-emerged as the safer bets for investors in the ongoing market turmoil. Last month, the Indian rupee touched a new record low of Rs 76.92 against the US dollar. Most�pharma companies�generate their revenues through exports. Hence, a depreciating rupee is a positive development for them.

As per Tanushree, in a�post Covid-19 world, healthcare expenditures globally will see a big rejig.

Tanushree has her eyes on an exciting tech stock. The company in question is developing its medical division. It's focusing on telemedicine, which Tanushree believes will be a huge growth driver in a post Corona world.

Looking at the potential upside in the stock, over a period of five to ten years, Tanushree believes investors could become a�One Stock Crorepati.

To know what's moving the Indian stock markets today, check out the most recent�share market updates here.

The UK tax agency, HM Revenue and Customs, has released new guidance on its policies concerning cost-sharing groups following rulings from the European Court of Justice on their VAT treatment.

On September 13, the OECD launched a substantial report on the tax policy reforms implemented last year by advanced nations.

African countries are steadily improving their tax revenue collections, according to Revenue Statistics in Africa 2017, a new report released recently at a meeting of tax and finance officials from 21 African countries.

The South African Revenue Service has released the 2017 edition of its Tax Statistics report, looking at the agency's performance over the 2013 to 2016 tax years.

The South African Revenue Service has announced that it will temporarily permit taxpayers to report information on controlled foreign corporations under the old filing rules, which were replaced in February.

Sensex, Nifty Live News Today: SBI Cards and Payment Services, Adani Gas, Shree Cement, Procter & Gamble Hygiene & Health Care, Reliance Power, Reliance Infrastructure, Reliance Home Finance, Reliance Capital among others will be reporting their March quarterly results today

The fund house said the remarks made by Jenny Johnson, president and CEO, Franklin Templeton during their quarterly earnings call were quoted "out of context" by media outlets

Stock specific action was seen in index heavyweight Reliance Industries gained 3.43% to Rs 1,558 on BSE after PE firm Vista Equity Partners said it would invest Rs 11,367 crore into Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

Shares of Asian Paints closed 1.01 per cent lower at 1,577against previous close of Rs 1593 on BSE

On August 29, 2019, German Economy Minister Peter Altmaier announced the outlines of a plan to reduce the tax and regulatory burden on small and medium-sized companies in Germany.

TRA2020 conference in April 2020 has been cancelled

More information

Businesses that will be able to identify and implement changes and address new risks in the post-COVID-19 world would have advantages and can expect value appreciation

Adar Poonawala, CEO of Serum Institute of India, says he is taking the risk of initiating production even before the vaccine has reached advanced clinical trials

With most auto-stocks down by nearly 40-70% since February 2020, the post-COVID-19 scenario might see consumers move away from all forms of shared mobility to more personal forms of transport

Companies' success in the next 18 months won't be determined by their growth or profitability, but merely by their ability to survive and not run out of cash

The European Commission has invited comments on commitments offered by fifteen container liner shipping companies to address concerns raised relating to concerted practices.

The European Commission's ruling directing the Government of the Netherlands to repeal corporate tax exemptions benefiting six seaports will be appealed by the ports in question.

The Greek shipping industry has agreed to renew a tax agreement under which shipping companies pay additional tax to the Government.

The European Commission has opened an in-depth investigation into a Polish tax scheme for shipyards, which it says could give shipbuilders an unfair competitive advantage over rivals.

Among patients given hydroxychloroquine, 32.3% ended up needing a ventilator or dying, compared with 14.9% of patients who were not given the drug

According to figures declared by the Pharmaceutical Export Promotion Council of India (Pharmexcil), pharmaceutical exports registered a growth of 11.21 percent during the first quarter of FY20

The findings, published in the Lancet medical journal, showed that on average, people who got the triple drug reached the point of no detectable virus five days earlier than those in the control group - at 7 days versus 12 days

SBI FD interest rates for senior citizens have been slashed by 20 bps as well. For tenor 7 days to 45 days, State Bank of India has changed the rates from 4 per cent to 3.80 per cent, while it has been changed to 4.80 per cent from 5 per cent for 46 days to 179 days tenor

Singapore's Ministry of Finance has announced that about 880,000 Singaporean Housing and Development Board (HDB) households will receive the next installment of the GST Voucher – Utilities-Save (U-Save) rebate in January 2018.

Singapore's tax agency has announced that the territory's new double tax avoidance agreement with Cambodia entered into force on December 29, 2017, capping cross-border withholding taxes on trade and investment.

Ernst and Young Solutions LLP, Singapore, has released its wish list for the Singapore Budget 2018, calling for reforms to sharpen the territory's competitiveness.

During a January 7, 2018, debate in the UK House of Commons, UK lawmakers discussed the country's plans to leave the EU, its customs union, and value-added tax area.

Singapore has announced that it has activated automatic exchange of information relationships with a total of 61 territories, as part of global efforts to tackle tax evasion and fiscal crime.

Sri Lanka signed its first ever comprehensive free trade agreement on January 23, with Singapore.

Singapore is engaging businesses on tweaking the design of its new carbon tax, which is proposed to be in place by 2019.

Singapore's tax agency has made two announcements recently concerning the automatic exchange of information on foreign taxpayers' affairs, on the Common Reporting Standard and the US Foreign Account Tax Compliance Act.

Singapore will hike its seven percent goods and services tax rate to nine percent some time between 2021 and 2025, Singapore's Finance Minister, Heng Swee Keat, announced in the territory's new Budget.