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GST refund, income tax refund soon; FinMin gives immediate tax relief to lakhs of businesses, taxpayers

GST refund, income tax refund soon; FinMin gives immediate tax relief to lakhs of businesses, taxpayers

The government has decided to provide immediate tax relief to about 1 lakh businesses and 14 lakh taxpayers.


Coronavirus: Mumbai becomes first city in India to make face masks compulsory in public

Coronavirus: Mumbai becomes first city in India to make face masks compulsory in public

All person must wear a three-ply mask or a cloth mask in public places, said Praveen Pardeshi, Mumbai Municipal Commissioner The number of coronavirus patients in Maharashtra climbed to 1,078


Can a health insurance policy protect you from Coronavirus impact?

Can a health insurance policy protect you from Coronavirus impact?

It is not necessary that everyone can avoid contracting this disease. This is where a health insurance policy can help you even in the current times.


New criteria for NRI status and how income will be taxed in India effective from FY 2020-21

New criteria for NRI status and how income will be taxed in India effective from FY 2020-21

At the stage of the passing of the Bill, the amendments originally proposed in the criteria determining 'residential status' in India of a person in the Finance Bill 2020 were relaxed. This change will directly impact the non-resident Indian.


SBI reduces savings account interest rate to 2.75%; MCLR cut by 35 bps

SBI reduces savings account interest rate to 2.75%; MCLR cut by 35 bps

This is SBI's eleventh consecutive cut in MCLR in FY 2019-20. Consequently, EMIs on eligible home loan accounts (linked to MCLR) will get cheaper by around Rs. 24.00 per 1 lakh on a 30-year loan.


Covid-19: 10 things SMEs can do during lockdown

Covid-19: 10 things SMEs can do during lockdown

Attrition has a significant financial implication, hence, SMEs should strive to keep their important people in place during these times. Benefits and incentives can be structured based upon the period of service to increase employee stickiness.


World Bank approves $1 billion aid to India to fight Covid-19

World Bank approves $1 billion aid to India to fight Covid-19

This is the largest ever health sector support from the Bank to India.


Finance ministry extends motor, health insurance validity till April 21

Finance ministry extends motor, health insurance validity till April 21

BENGALURU: In a major relief for 23 crore individual vehicle owners and 40 crore citizens, who benefit from a private or state health insurance scheme, the ministry of finance has amended the law and extended validity of insurance papers till April 21, 2020.


Savers head to safer assets on shaky markets

Savers head to safer assets on shaky markets

Experts believe that the mutual fund industry is already seeing redemption pressures.


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