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UP resumes sale of ‘paan masala’ but with a condition

The Uttar Pradesh state government has lifted the ban on production and retail of nicotine and tobacco-less ‘paan masala’ products.




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Visakhapatnam gas leak: LG Polymers’ Vizag plant produced stuff used to make disposable plastic cutlery

The Vizag plant manufactures polystyrene (PS) that finds wide utility in the food-service industry as rigid trays and containers, disposable utensils, and foamed cups, plates and bowls.




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Tata Consumer Products ties up with Domino’s Pizza, Zomato to deliver essential goods

These channel partnerships have been done in a phased manner, with Flipkart being the first e-commerce platform to enable the availability of its essential products in Mumbai, Bengaluru and Delhi.




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MSME sector on verge of collapse, says Union Minister Nitin Gadkari

The minister also noted that the pendency of dues owed to MSME units by the central government, state governments, public sector undertakings and major industries was "very high".




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Air India divestment process looks very uncertain amid COVID-19 crisis, says Crisil

In another attempt to sell loss-making Air India, the government, in January this year, sought Expression of Interest (EoI) and the deadline for submission of EoI has now been extended till June 30.




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Govt expects over 300% jump in restructured MSME loans by year-end; urges industries to clear dues

Credit and Finance for MSMEs: Nitin Gadkari said that the government has made some decisions to help MSMEs grow in the post-Covid scenario such as increasing their working capital limit by 20 per cent.




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Govt amends Income Tax rules for faster resolution of multinational corporations’ tax disputes under MAP

. Upon acceptance of the resolution, the assessee shall withdraw any appeal filed in this regard and pay the tax determined by the assessing officer after giving effect to the resolution.




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Have requested FM Sitharaman to expedite tax refunds for firms: MSME Minister Nitin Gadkari

The minister emphasized that special focus towards export enhancement is the need of the hour. He highlighted the need to focus on import substitution to replace imports with domestic production.




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Rising ‘over-dues’ of discoms: NTPC bites back at states, seeks to invoke three-way agreement

Discoms’ over-dues — bills that remained unpaid for more than 60 days — have been rising almost relentlessly over the years, and spiraled 242% on year, to a level of Rs 10,500 crore by FY20 end.




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New MSME tag to rely on both investment and turnover, Bill being reworked

According to the current definition, a micro unit is one where the investment does not exceed Rs 25 lakh, while a small enterprise is one where the investment is between Rs 25 lakh and Rs 5 crore.




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Tirupur garment cluster adopts steady approach, sees no labour shortage

The units situated within the corporate limits have been allowed to have 25-30% workforce capacity initially and the units situated outside the corporation will have 50% workforce capacity.




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States suspend/relax labour laws to help industry emerge from crisis

The laws that will remain in force in UP during the three year period include those which provide basic facilities and security to the labourers.




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Cognizant Q1 net falls 16.7% to $367 million; sees challenging demand environment in 2020 amid coronavirus pandemic

Cognizant follows January-December as financial year. Its net profit was at USD 441 million in the March 2019 quarter.




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IndiGo announces salary cuts for top management from May amid coronavirus lockdown

Budget carrier IndiGo has said that it will have to cut salaries of senior management from May as coronavirus lockdown continues its onslaught on the aviation industry. IndiGo paid full salaries in March and April but now we have to implement pay cuts for senior employees from May, Ronjoy Dutta, CEO, IndiGo, said on Friday, […]




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Mi 10 5G with Qualcomm Snapdragon 865, 108MP camera is Xiaomi’s answer to OnePlus 8 Pro

The Mi 10 5G is Xiaomi’s answer to the OnePlus 8 Pro, Samsung Galaxy S20+, Realme X50 Pro 5G, and every other high-end flagship that you can think of.




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These 5 southern states consume half of India’s liquor; now, lockdown has dried up revenue

Five of India’s southern states which amount to about half of the country’s total liquor consumption are facing a revenue hit due to coronavirus lockdown.




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Dharmendra Pradhan hints at new gas policy, says low oil prices no answer

Pradhan did not elaborate on the policy reforms planned. The BJP-led government had in October 2014 evolved a new pricing formula using rates prevalent in gas surplus nations like the US, Canada and Russia to determine the price in a net importing country. Prices using this formula are calculated semi-annually.




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Maharashtra mulls home delivery of liquor amid fear of coronavirus

Days after the government eased restrictions on the sale of alcohol, Maharashtra government is mulling on allowing home delivery of alcohol to avoid people from gathering.




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Force Majeure: Coronavirus pandemic is crucial time for businesses to review contracts

Force majeure in contracts typically allow parties to avoid performing their contractual obligations when inevitable, unforeseen, and uncontrollable circumstances arise, rendering the performance of the contract impossible.




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CIL turns down power producers’ request to extend timelines of coal auction for supply contracts

The Association of Power Producers (APP) had requested Coal India Ltd (CIL) to extend the timelines for the auction as well as reassess the eligibility for participation in the third round of auction under the SHAKTI B (ii) scheme.




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Covid crisis: CII bats for immediate stimulus package of Rs 15 lakh crore

A substantive stimulus is required from the government in the form of support to the poor and to the industry, especially MSMEs, it said.




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Meizu 17 series go official with 6.6" AMOLED displays, quad cameras and Snapdragon 865

After a lengthy teaser campaign, Meizu finally unveiled its latest flagships with the Meizu 17 and 17 Pro. Spec-wise the two are nearly identical with the Pro featuring better auxiliary cameras, wireless charging and faster RAM. Visually the two are also almost indistinguishable with the only difference being the 17 Pro comes with a ceramic back. These are also the first 5G entries in Meizu's lineup. The Meizu 17 duo is built around 6.6-inch Super AMOLED displays with 90Hz refresh rate and a first for Meizu punch-hole cutout for the 20MP selfie camera. The panels come with an...




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CEO shares Realme X3 SuperZoom photo, confirms 60x zoom

CEO Madhav Sheth officially confirmed that the Realme X3 SuperZoom is coming - and that it will have a 60x zoom camera. He shared a photo of the Milky Way taken with the phone's Starry Mode and challenges you to try and get a better shot with your current phone. So, this is clearly a periscope camera that we're talking about, likely with 6x optical zoom. Of course, the 60x magnification is achieved with digital processing, but astro-photography relies on a lot of computational skills anyway (astronomers have been doing image stacking for years before phones started doing it). The shared...




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Honor X10 5G photos from Everest shared before phone's announcement, Honor 30 Pro+ shots too

A few days ago China sent a survey team to study Mt. Everest, today they reached the Advanced Base Camp at 6,500m (21,300ft). What's interesting about this expedition (besides the scientific work that it will do) is that two photographers, Li Pu and Cai Qing, used two Honor phones to capture some beautiful shots. One of these was the Honor X10 5G, which hasn't been officially announced yet (so these are the first official camera samples from the phone). The five shots have 10MP resolution, since pixel binning was used - the X10 will feature a custom Sony IMX600ysensor with 40MP raw...




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Meizu HD60 ANC headphones arrive with Sony-powered noise cancellation

The Meizu HD60 ANC over-ear headphones were unveiled alongside the Meizu 17 flagships and they are a serious piece of kit. They feature active noise cancellation, of course, but there's more to them than that. Meizu HD60 ANC over-ear headphones The HD60 is Hi-Res certified, so it will deliver high-quality audio. They connect over Bluetooth 5.0 and support aptX. There's an analog plug if you want to use a 3.5mm jack too. Noise cancellation is implemented by two chips. Sony's CDX3775 handles the ANC part while a Qualcomm chip with cVc does noise reduction during...




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LG Stylo 6 leaked render reveals notched display and triple rear cameras

LG announced the Stylo 5 last June and it seems the company will soon unveil its successor Stylo 6 that has appeared in a press render shared by reliable leakster Evan Blass. Unlike its predecessor, the LG Stylo 6 packs a notched display surrounded by slimmer bezels at the top and bottom. On the back, the Stylo 6 features a triple camera setup placed horizontally as opposed to the single camera on the Stylo 5. The back of the Stylo 6 also houses a fingerprint scanner for biometric authentication. LG Stylo 6 • LG Stylo 5 On the right side of the Stylo 6 is the power button...




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Two new mystery Realme phones visit TENAA - could be the X3 and X50 Youth

The plot continues to thicken around Realme's seemingly never-ending stream of new devices. Last month, a certain RMX2142 appeared on Chinese certification authority TENAA's website. Now, the very numerically-similar RMX2141 and the RMX2052 have joined its ranks. RMX2142 There are more than a few similarities between these devices, as listed by TENAA. All of them seem to have the exact same dimensions of 163.8 x 75.8 x 8.9mm, which, coincidentally, or rather not, match-up perfectly with the existing Realme X50m 5G. Same goes for the reported weight of the RMX2142 and the...




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UK Home Secretary Says Post-Brexit Minimum Salary Threshold will be 36k Pounds

The UK Home Secretary will be asked to raise the recommended £30,000 minimum salary threshold for all latest international workers to defend lower-paid British workers.At the moment, the limitation only appeals to non-EU migrants, but it's assumed…




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Recent Update Regarding the EU Settlement Scheme in the UK

The UK Government aims to leave the European Union on 31 October 2019 at 11 pm. This will result in loss of Freedom of movement in the present form on that date and time, in case there is a No-Deal for it. All the EU clients need to secure their status…




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Britain Needs to Welcome A New Point-Based Immigration System

Britain will soon accept immigrants only when they possess the right skills. An immigration system based on points is common to Canada, Australia, and New Zealand and in the immediate future, it appears that Britain will join them. The election results…




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The New Immigration Plan and a Fresh Environment in the UK

Every department has aims and objectives, and the numbers are the focus of the Immigration Department in the UK. There is an opportunity to make this system fair but the focus needs to be away from strict control of borders. Boris Johnson, the PM has…




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The UK Set to Modify the 30000 Pounds Minimum Earning Requirement for Migrants

PM Boris Johnson is set to change the plan about the minimum £30,000 earning the threshold for migrants who aim to enter the UK after the exit of Britain from the EU.The Reasons Behind the DecisionThe proposal appears to not fit in with his plan to…




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COVID-19 impact on equity investments: Continue SIP and diversify your portfolio

Retail investors should stay away from small and mid-cap stocks until the volatility settles. Instead, they should look at value investing.




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Smart Investing: Asset allocation in times of coronavirus

Stick to asset allocation matrix, take regular profits and go for bottom fishing in select stocks/ MF schemes in these turbulent times




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Health Insurance: Know how a medical insurance claim is processed

Treatment expenses can be reimbursed by insurer or customer can opt for cashless facility




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Your Money: Three tips to manage funds in the time of Covid-19

This is a real test for us as investors. Some of us are getting jittery because we are watching our overall returns deteriorating and some of us are thinking it is an opportunity to add more to our existing portfolio.




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Fixed Income: Want safety of capital? Check out liquid funds

You may park a portion of your funds in a high-rated liquid fund while you wait for the current volatility in the markets to play out




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Your Queries: Income Tax -You can offset long term capital loss on share sale against any LTCG

Once tax liability is calculated, you may claim a deduction of TDS/ taxes paid on such rental income, to arrive at net tax demand due.




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Covid-19: RBI relief on loan repayment: Should you avail of the 3-month moratorium?

Borrowers who opt for the moratorium on repayments will have to pay an additional interest charged on simple interest basis. Thus, those who have the capacity to repay should continue to make the payments regularly




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Fixed income: Falling interest rates? Ways to reduce re-investment risks

Investors should continue to invest in small savings schemes as the interest rates are still higher than that of bank FDs. They should look at tax-free bonds and avoid company deposits.




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Mutual Funds: Stay invested in equity if you have a long investment horizon

Regulations define specific structures / entities within mutual fund companies to safeguard investor monies from issues such as fraud, etc.




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Your Income Tax Queries: NRIs do not need to quote Aadhaar in ITR or link PAN with Aadhaar

As per Section 44ADA, a resident individual, engaged in any business/ profession can declare income on presumptive basis only if gross receipts do not exceed Rs 50 lakh in previous year.




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Planning in a financial emergency: Six steps to being ready for a rainy day

With job losses & pay cuts likely in the wake of the Covid-19 pandemic, you need to take some special measures to cushion the impact and prepare for the worst




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Income Tax Exemption: Employees donating to PM-CARES fund via employers to get Section 80G benefit

The clarification came as the employees, in many cases, have donated a portion of their salaries the the fund through their employers.




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Stock Market Investment: Don’t invest just because the market is falling

Remember your financial goals and your risk appetite. If you have extra cash and investing for the long term, then go ahead and deploy your funds in a staggered manner.




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Relaxation in income-tax compliances: Deadline for several tax compliance measures extended

The due dates for issuance of any notice, intimation, notification, approval or sanction order, has also been extended by a period of three months.




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CBDT clarifies on TDS deduction by employers on old/new regime

The Budget this year introduced a new income tax regime under which individuals can opt for lower tax rates provided they don’t avail certain exemptions and deductions otherwise available under the law.




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Smart investing: Asset allocation in the time of Coronavirus crisis

Multi-asset funds of mutual funds can be a good option for asset allocation mix even as gold is a good diversifIer. Also, do keep emergency funds in debt funds & fixed deposits




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Your Money: Digital payments, e-KYC make buying insurance, filing claims easy during Coronavirus lockdown

Most companies are encouraging their existing customers to use digital channels as there has been a surge of such requirements from customers along with scarcity of service personnel at insurance offices.




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Equity investments: Reap the benefits of a long innings

Patience, perseverance and quality stocks are needed to win the game of equity investments.