Coronavirus relief measures: PSBs standardise three products for medical infra, COVID-19 treatment of individuals

Representative image Banks have come up with three sets of products to build a “COVID book” under the Reserve Bank of India’s (RBI) liquidity scheme and the expanded Emergency Credit Line Guarantee Scheme (ECLGS 4.0) for healthcare institutions, the State Bank of India (SBI) chairman Dinesh Khara said on May 30. The measures include a […]

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Biden budget highlights: Lots of spending, taxing the rich

President Joe Biden’s $ 6 trillion budget proposal offers major new initiatives like child and elder care subsidies, generous tax credits for families and the working poor, and free community college. It also promises politically freighted tax increases on the wealthy and corporations and would give domestic Cabinet departments significantly bigger budget increases than the […]

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GST Council Meeting: Major tax breaks with #39;zero rating#39; of COVID essentials feasible, experts say

File image of Finance Minister Nirmala Sitharaman and Minister of State for Finance Anurag Thakur at GST Council Meeting (Image: Finance Ministry Twitter handle) The Goods and Service Tax Council can consider ‘zero rating’, or complete tax exemption, to products crucially needed in the fight against COVID-19, in its next meeting on May 28, experts […]

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GST Council: Major tax breaks with ‘zero rating’ of COVID essentials feasible, experts say

File image of Finance Minister Nirmala Sitharaman and Minister of State for Finance Anurag Thakur at GST Council Meeting (Image: Finance Ministry Twitter handle) The Goods and Service Tax Council can consider ‘zero rating’, or complete tax exemption, to products crucially needed in the fight against COVID-19, in its next meeting on May 28, experts […]

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COVID-19 Impact | Almost 60% startups and MSMEs on verge of closure, sell off, says survey

As much as 59 percent of startups and MSMEs are likely to downsize, shut shop or sell business in this year The ferocious second COVID-19 wave and extended regional lockdowns impacted sales which has affected working capital of most companies, already scrambling against the pandemic’s effects since 2020. (Image: Shutterstock) Almost 60 percent of existing […]

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