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Samsung is bringing over 20,000 offline retailers online to make Galaxy phones available for buying during COVID-19 crisis

After Vivo and Xiaomi, Samsung is also kicking off an online to offline sales strategy.




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Need govt push for MSMEs to benefit if India capitalizes on exodus of factories from China, says SBI

Trade, import and export for MSMEs: For India to benefit from the relocation of factories and companies from China, the MSME sector is likely to play a key role. This is particularly for food product manufacturing sector where India lacks competitiveness in exports.




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Coronavirus lockdown perfect opportunity to strengthen weak links in supply chain of essential goods

With the country remaining under a lockdown due to coronavirus, the supply chain of essential goods has been disrupted, but, the same has also presented the government with an opportunity to identify and plug those gaps.




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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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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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Aarogya Setu app to be available on JioPhones soon: Report

Aarogya Setu is currently available on iOS and Android, and nearly 9 crore users have already downloaded the app.




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Aarogya Setu: Govt mulls open-source architecture for app

The developers contacted him and concluded that no personal information of any user has been proven to be at risk by the ethical hacker.




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Govt mulls making Aarogya Setu more transparent amid privacy concerns

Aarogya Setu was developed by the National Informatics Centre to help contact-tracing of at-risk individuals in the wake of the Covid-19 pandemic.




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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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More money for Mukesh Ambani’s Reliance Jio; now, Rs 11,000 cr from US firm after Facebook, Silver Lake

RIL announced that Vista Equity Partners will investment Rs 11,367 crore in Jio Platforms, days after a mega stake sale deal with Facebook and another stake sale to Silver Lake Partners.




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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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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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OnePlus announces OnePlus Bullets Wireless Z India availability details, gets Flipkart on-board for sales

OnePlus Bullets Wireless Z price in India is Rs 1,999 and the product will be available in three options, black, blue and oat.




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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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Air India unions challenge in Bombay HC pay cut due to coronavirus pandemic

The plea pointed out that on the same day the Union government issued an advisory asking all private and public firms not to reduce salaries or sack employees due to the pandemic.




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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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Khadi and Village Industries’ turnover touches record Rs 88,887 cr in FY-20

"Looking at the performance in the last one year, the turnover of Khadi registered a growth of 31 per cent from Rs 3215.13 crore in 2018-19, to Rs 4211.26 crore in 2019-20. 




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GAIL says DoT’s Rs 1.83 lakh crore demand notice not material event

The DoT sent a notice to GAIL soon after the February 14 hearing in the Supreme Court on dues owned by telecom companies such as Bharti Airtel and Vodafone Idea.




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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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Elderly and Disabled Transit Advisory Committee (EDTAC)

This meeting will be via Teleconference. To join please call in: State of Delaware ‪(302) 526-5475 State of Delaware North‪(302) 256-5875 Conference ID:1462372 https://meet.state.de.us/belinda.strickland/DHH0VYKV Conference ID:1462372 [More]




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Storytelling is Key, in Email and Everywhere Else

Insights from Emma and their customers on storytelling across marketing channels, from the Marketing United summit




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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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UK - Increase in Visa Applications for Exceptional IT Professionals

Owing to the surge in IT visa applications there are no Fears that migrants are discouraged from settling in the UK.  In fact they are keen to master their work and are also agreeable for the contract based work in the IT sector. In the past few…




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UK Study Visa - University Bodies Seek Improved Experience for Students

A coalition of UK associations at the university level, and a few support organizations, has urged the UK government, for improving the student visa system, in meeting its future goals. The goal is to get 600,000 global higher education students in the…




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UK Warmly Invites Overseas Graduates and Extends Work Visas for Two Years

The restrictive immigration policies of the UK appear to be over as it has decided to offer a work visa for two years after graduation from a British university to the overseas students. UK Jobs get a boostPresently, the duration for graduates having…




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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: Irdai for redefining sub-limit rules in policies

Draft exposure aims to restrict proportionate deduction which would lead to, in most cases, the insured being able to get a higher percentage of the bill reimbursed by insurer




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Coronavirus relief package: Govt to pay employer, employee’s PF contribution for 3 months

The regulations under the EPF will be amended to include “pandemic” as a reason to allow non-refundable advance of 75% of the accumulated amount or three months of the wages, whichever is lower, from their accounts.




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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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Your Queries: Loans – banks will charge interest for 3-month moratorium period

The moratorium means in case of cash crunch in these extraordinary times, you may not pay the EMIs but the bank/FI will not classify your loan as a non-performing asset (NPA).




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Your money: Term insurance is not just for death benefits but also for disability

The fundamental benefit of term insurance is the monetary benefit the dependents receive on the death of the insured.




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CBDT extends validity of lower withholding tax orders till June 30

CBDT said that assessees holding valid certificates for FY20 would get the benefit of extension, which otherwise would expire on March 31.




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Covid-19 & your money worries: Tips to handle the impact on your finances

When it comes to surviving financial crisis, focus on what you can control and you can do rather than on what you cannot control or what is not possible to do now




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Want to save tax: Should you go for PPF or ELSS?

To achieve the stated investment objective, the fund manager of an ELSS maintains a diversified portfolio of equity-and-equity related instruments, and practices a bottom-up approach to stock picking that is market-cap and sector agnostic.




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Health insurance: No health cover? Go for Arogya Sanjeevani

This new standard health insurance policy available with every general and standalone health insurer takes care of basic health needs, and is a must for first-time buyers, especially in smaller towns




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Your Money: Do you have a cashflow for next 12-18 months?

In a single day, there was a double-digit fall of 13.2% in Sensex—unprecedented in the past 16 years.




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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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After SBI and HDFC Bank, Bank of Baroda also cuts MCLR across tenors by 15 bps

BoB’s overnight and one-month MCLR has been revised to 7.40%, while the three-month MCLR was revised to 7.55%. Six-month MCLR has been revised to 7.85%, the bank said.




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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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Buy gold: Any correction is a good entry point

The macroeconomic backdrop has become favourable for gold; aim for 10-15% of portfolio alloc-ation to the yellow metal




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Provident Fund withdrawal for COVID-19: EPFO remits Rs 280 crore to subscribers under special window

Anticipating a huge surge in demand, it came out with a new software for online receipt and settlement of claims and deployed the software on March 29.




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Non-life insurers receive Rs 3-crore claims for Covid-19

According to the ministry of health and family welfare as on April 9, 2020, there are 5,218 active cases of novel coronavirus in India and there has been 169 deaths due to this pandemic.




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Mutual Funds see net outflows of Rs 2.12 Lakh crore in March, highest since September 2018

While debt funds saw sharp outflows, equity funds surprised the industry as it saw net inflows of Rs 11,722.74 crore in March — the highest in the current financial year.