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Government approves more amendments to companies law

As many as 72 changes to the Companies Act 2013 have been approved by the Cabinet. Briefing reporters, Corporate Affairs Minister Nirmala Sitharaman said the priority is to "decriminalise" provisions in the Act. Sitharaman, who is also the Finance Minister, said the Cabinet has approved 72 changes to the Act.




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How different sectors of the economy are bearing the brunt of the coronavirus outbreak

A report by the UN Conference on Trade and Development has forecast that the global economy may see an impact of $1-2 trillion in 2020. How far will the virus impact the Indian economy. Here's a brief overview.




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No timeline fixed for release of e-commerce policy: Piyush Goyal

On February 23, 2019, the first draft of the National e-Commerce policy was placed in public domain for suggestions. Comments from over 120 stakeholders- companies both Indian and foreign, industry associations, think tanks, foreign governments were received. Post this, a series of meetings have been held with different stakeholders.




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Fitch cuts India growth forecast to 5.1% for FY'21 in wake of coronavirus outbreak

In its Global Economic Outlook 2020, Fitch said the number of people affected by coronavirus will keep rising in the coming weeks but that the outbreak will remain contained. However, there are downside risks to this scenario.




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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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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.




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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.




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Financial Forecasting: Why it is still about being roughly right than precisely wrong

Paradoxically and fatally, just when risk of a downturn is at its highest, optimism also ends up peaking! So be careful with your forecasts; and even more careful with the forecasts of others.




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Doling out ESOPs? Here’s everything about Employee Stock Option Plan for SMEs

ESOPs allow grantees to have a stake in the company which directly results in greater loyalty.




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MSME Schemes: Modernizing your business through Credit Linked Capital Subsidy Scheme for Technology Upgradation

Equipping the business with cutting-edge technology is essential to ensure you stay competitive in today’s industrial environment.




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Share transfer: Provision, procedure & valuation for a private company

Transferability of shares in a privately held company is governed by the Articles of Association, which is a document that lays down the rules and regulations.




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Should you take a personal loan for your business?

A personal loan is dependant on the credit profile of the individual borrower, if you already have other loans active, you may or may not be able to get a personal loan.




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How to prepare your business for a future recession

Conserving cash is the basic tenet of financial management.




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Questions for 2020: Loans become cheaper?

Competing with private companies for limited resources could cap the room for RBI to cut interest rates. Even if it does, market rates won’t ease due to higher government debt. Also, with inflation being predicted to ease by the second half of 2020 towards the target of 4%, prospects for sharp rate cuts diminish.




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Covid-19 will have unprecedented effect on migrant economy: Dilip Ratha, World Bank

Millions of migrant workers toiling in the Gulf countries are facing a crisis due to Covid-19 and the fall in oil prices.




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I can't risk lives of my policemen to manage crowd at liquor shops: Delhi Police Commissioner SN Shrivastava

Police should have welfare systems similar to the ones implemented by the armed forces, says Delhi Police Commissioner SN Shrivastava.




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Hallmarking of gold jewellery mandatory now. Here's what you need to know

The way you buy gold changed from January 15 as hallmarking has now become mandatory. There are four components that you should look for on the hallmarked gold jewellery to ensure the purity of gold. Here is a look at each of them in detail.




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5 smartphone trends to look for in 2020

2019 saw some major innovations in the smartphone segment. After a happening year as far as smartphone launches were concerned, 2020 is expected to witness a lot more competition in innovation as well as on the design front. ET Wealth lists 5 such trends.




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5 accessories to help you get better mobile photographs

You can take your mobile photography to the next level if you have the right accessories. ET Wealth tells you about five must-have add-ons to get creative with mobile photography. Some of them can be purchased from prices starting as low as Rs 199.




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6 smartphones costing less than Rs 12,000 for heavy users

If you are a heavy smartphone user and are looking for a smartphone that offers higher battery power but are running a tight budget for such a spend, then here are six options that will solve your problem. These fall in the below Rs 12,ooo price range.




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Cancel flight ticket, or reschedule? The best way to readjust travel plans in times of coronavirus

Now all domestic airlines, including government-owned Air India, have announced a waiver on re-booking charges in case a customer does not want to travel on the designated date. Wadia group-owned private carrier GoAir, which was earlier offering free cancellation, has said it will now allow people to only reschedule their flights for no charge.




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Working from home? Here are the 6 best laptops under Rs 40,000

If you are someone who has been asked to work remotely and are looking for a laptop at a reasonable price, here are six of the best ones under Rs 40,000.




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How to clean up your computer, smartphone to get them ready for life after the lockdown

Your computer, smartphones might be holding videos, photos and audio in various folders, and you would not even know that it's there. Hence, ET Wealth tells you the following methods on how to clean up your devices for more efficiency.




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Pressure mounts on BS Yediyurappa to rework govt staff pay

Bengaluru: The Union Cabinet’s decision to freeze the DA of its employees till July 2021 and Kerala’s decision to absorb a month’s salary of its employees to the CM’s relief fund to fight Covid-19 has put pressure on chief minister BS Yediyurappa to bite the bullet.The chief minister or the Karnataka Cabinet is yet to take a call on reworking pay and compensation package of its employees in the face of a sharp drop in revenues, and enormous pressure on the finance department to meet the rising demand for funds for Covid-19-related activities and the farm sector.The chief minister had told ET last week that he will take a decision in two weeks after assessing the situation.Karnataka’s salary and pension bill per month comes to about Rs 5,500 crore, and the state has been able to hold on because of the impressive GST collections last month on account of good business climate in February. The commercial tax department does not have any hopes of decent collections over the next two months because of the host of relief announced by the ministry of finance to dealers on GST remittances. The department can hope to have considerable collections only in June. All other major revenue sources for the Karnataka government such as liquor sales, property and vehicles registration are nearly dry.Several IT companies such as TCS, Infosys and Wipro have deferred annual increments.




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Moratorium on loan EMIs, credit card dues will have an interest cost

People have a lot of misconceptions about what has been promised. Keep these things in mind when you make financial decisions basis the announcements in the relief package.




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ICICI Bank moratorium on debit card EMIs: All questions answered

ICICI Bank, along with issuing details on availing the moratorium on loans and credit card dues, also issued a set of FAQs on moratorium for equated monthly instalments (EMIs) taken on debit cards.




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How does UPI work?

To use UPI, you must have a bank account with a member bank, i.e., your bank should allow you to use the UPI facility.




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Kotak Mahindra Bank moratorium on credit card dues: What are the terms and conditions

If you have a credit card from Kotak Mahindra Bank, here are some of the details of its three-month moratorium facility.




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Coronavirus and cybercrimes: Opting for EMI moratorium? Fraudsters are waiting

Banks have been alerting their customers of cyber frauds that can happen while availing EMI moratorium.




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EPFO eases norms for changing date of birth in records, linking UAN with Aadhaar

As per the circular, EPF members can now correct the date of birth up to plus or minus three years instead of one year earlier. This would make the linking of Universal Account Number (UAN) with Aadhaar easier.




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Investors can move these financial transactions online to deal with coronavirus impact

As the country is staying at home to fight against the coronavirus, investors are adapting themselves to the online way of working with their finances.




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Common application form issued for PPF, NSC and other small savings schemes

It must be recalled that the finance ministry had revised rules and introduced separate forms for each small savings scheme via a notification in December 2019.




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What RBI's announcement today means for your loans and fixed deposit interest rates

The RBI announced a host of measures today aimed at increasing liquidity in the economy.




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Coronavirus lockdown: 5 steps to protect your privacy online

Due to lockdown in the country, we are more dependent on the Internet, which also means that we are more susceptible to tracking by websites and apps for our data. Here are 5 simple steps you can take to protect your personal information.




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Clockwork Cuckoos

A Clockwork Orange is about a sociopathic delinquent whose interests include classical music, misogyny, and what is termed ‘ultra-violence’.




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Master of Memories

Dead souls are supposed to drink from this so as not to remember their past lives upon being reincarnated!




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Corporate Sufi It Is

By denying women their rights, we deny rights to the entire humanity for we are also ignoring the contribution of half of humanity.




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How much financial risk can you tolerate in current coronavirus-hit economy? Find out

The stock market, bond market and other financial markets are feeling the negative effect of coronavirus. ET wealth presents a quiz to help you assess your risk appetite in the current market scenario.




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9 practical steps to prepare for and navigate the financial crisis due to coronavirus

Do not deny the possibility of losing the job, or being furloughed briefly.




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Coronavirus pandemic impact: Keep your investments liquid and focus on short term goals

Any investment decision during this period should be made factoring in the short-term goals of an individual.




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Coronavirus & your money: Saving is crucial, so are these 5 expenses

The looming uncertainty caused by coronavirus without a doubt requires cutting down on expenses. You need to start exercising monetary prudence and caution. However, don’t try to cut corners in these five expenses even at such a time.




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Has coronavirus pushed your goals further away? Take this SWOT test to find out

No investment portfolio would have escaped the impact of coronavirus and the consequent financial troubles. Analyze the strengths, weaknesses, opportunities and threats in your financial plan in the following quiz and find out where you stand and what you need to do.




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Why you should keep financial assets organised and listed while you are alive

We can do a lot without spending money, and money well spent can do a lot. Let your money help you and those around you live better. Rather than lying meaninglessly in expired bonds, unaccessed PPF accounts, unused vases and unworn dresses.




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Sunday ET: Labour laws: Indians in Gulf forced to return or look for greener pastures

Back home, the workers are looking to start afresh. Their best bet seems to be rehabilitation packages.




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9 more NRI police stations being set up in Punjab

Punjab Minister for NRI Affairs Bikram Singh Majithia said they were being set up keeping in view the demand for more such police stations by the NRI community.




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Weak currency makes Asia-Pacific cities cheaper for expats: Survey

In India, Mumbai has emerged as the most expensive city for expatriates and was ranked 118 in the Index. Last year Mumbai was ranked 114th on the list.




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Fresh drive to help illegal Indian workers in Saudi Arabia

The number of Indians who left during the grace period till October-end is 1,34,281, the Indian Embassy here said in a statement.




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New customs form for passengers coming to India from tomorrow

All passengers coming to India will have to fill in a new detailed customs form on their arrival from tomorrow.




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Indian students with foreign degrees returning home: Lessons India can learn from China

High costs, poor job prospects and wrangles over work permits are persuading a host of Indian students with foreign degrees to return home.




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Growing trend: NRIs return home to work as economy surges

The trend of Indians returning from abroad to work here has picked up pace with the recovery in the country's economy.