Covid-19 causing disruptions but compliance a 'critical pathway'

'Necessary' for sustainable recovery after Covid-19 pandemic

Currently, only an ad-hoc framework for valuation professionals is in place, which is basically governed by the Companies Act, and the government has designated the Insolvency and Bankruptcy Board of India (IBBI) as the authority to implement the new regime of registered valuers.

Kerala has the country's highest Covid-19 recovery rate with218 out of the 387 coronavirus positive cases recovering . The state has also decided to increase the number and extent of testing, chief minister Pinarayi Vijayan told mediapersons.

According to the June 7, 2019, circular of the RBI, banks had to make additional 20% provisioning for the cases where resolution could not be reached over a period of 210 days, after signing the inter-creditor agreement.

Meanwhile, the UP government had, on Thursday, issued an order allowing nine types of industries to run conditionally with essential services.

According to sector experts, NBFCs' outstanding credit to the commercial real estate stood at Rs 1.29 lakh crore as on September 30, 2019.

Now that the GOI has fixed the base price of sugar and most of the mills have set up distilleries too, to augment their business, the scenario has changed.

Since 2009-10, the SMP has been replaced with fair and remunerative price (FRP) and some states like Uttar Pradesh continue to announce state-advised prices which are higher than FRPs.

In view of the massive disruption to economic activity due to Covid-19 impact and likely huge shortfall in revenues, the council felt that fiscal response to the crisis should be much more nuanced.

The government has taken measures to contain expenditure, like freeze on its employees’ dearness allowance; it has also announced a relief package to support the vulnerable and disadvantaged sections.

Crisil expects GNPAs for the financial year 2020 to remain at 9.5%. Considering the Covid-19 impact, Crisil has projected GNPAs in the range of 11-11.5% for the financial year 2021.

The Centre’s bid to arrogate to itself the power to fix the wage floor for inter-state migrant workers in the name of uniformity across the country has hit a hurdle.

The revenue situation will only get worse next month as the lockdown in the whole of April would be reflected in collections in May, said Bihar Deputy CM Sushil Kumar Modi.

Nobel laureate Abhijit Banerjee has recommended that India offer cash to the poorest 60% of its population and waive off loan repayments for small businesses in the June quarter, as he pitches for a large enough fiscal package to stimulate demand in the economy ravaged by the novel coronavirus crisis.

The SARFAESI Act, which is now rarely being used after the Insolvency and Bankruptcy Code has come into existence since 2016, allows banks to seize, take control, manage and sell assets of defaulting borrowers without the intervention of any court/tribunal and also ensures speedy recovery.

GSTN added that a taxpayer can now transfer the amount available in an electronic cash ledger from one major head to another major head, keeping the minor head the same.

"It is the time to review the policy of cross subsidisation of power as this plays a part in making our industries non-competitive,” former finance secretary Subhash Chandra Garg said at an online panel discussion on the power sector.

The Italian baroque master’s 'Supper at Emmaus' is usually exhibited at London's National Gallery but, with that shut, Stanhope’s giant interpretation is now on show in Ladywell, southeast London

In a country where art is widely seen as a pastime, and performers have long struggled to secure steady pay and royalties, the closure of theatres and cinemas and the cancellation of summer festivals has wrought havoc

The Volvo XC90 SUV presented this week is the first production car that in combination with Uber’s self-driving system is capable of fully driving itself.

The Kona Electric is lightning quick from any speed to any speed, because the massive 395Nm of torque is delivered instantly by the electric motor, unlike a petrol/diesel vehicle where the engine needs to reach a particular RPM to deliver similar power

Electric truck by ABB showcased in Swiss capital, Bern.

How can the budget help ensure sustainable growth for auto industry

Honda Cars implements new corporate identity for its dealer network.

Also launches connected car app myAudi Connect.

Earlier this week, Porsche India gave the Macan SUV a comprehensive upgrade; it launched the new Macan (Rs 69.98 lakh) and the more powerful Macan S (Rs 85.03 lakh). The Macan is a compact SUV made by Porsche.

MapmyIndia says it has a solution that tells the exact range of an electric car, as it is being driven

The new Diavel 1260 is powered by the 1262cc Ducati Testastretta DVT engine with variable cam timing, which has been upgraded to optimise performance and is equipped with the chain-type final transmission.

The all-new i10 will receive its public world premiere, alongside a special version of the model

The most exquisite car Volvo has ever made

During the 1950s and 1960s, Formula racing lost more drivers than the next three decades. Instead, in the 1980s, accident-related deaths were four, which is still higher than the last three decades of Formula racing.

The 87th Geneva Motor show is underway and there are a lot of new and concept cars on display. From all electric autonomous vehicles, to patrol spitting monsters, like the Ferrari 812 Superfast, here are the best cars from Geneva Motor Show.

The Xiaomi Redmi Note 7 Pro is a big upgrade from its predecessor with a 48MP camera and a powerful mid-range chipset tuned for gaming, but is it best mid-range phone to buy right now? Watch our review to find out.

Get your real-time, live, streaming music ad free, even on the subway

How digital payments take all the fun out of buried treasure

Brands may be watching your every move, but hey...at least you get a great CX

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