KSA Infomatrix

For More related articles and updates, connect with us -  LinkedIn- https://www.linkedin.com/in/aseem-aggarwal-1b365549/ Youtube  -  https://www.youtube.com/user/aseemaggarwal92 Twitter  -  https://twitter.com/aseem252 India is considering a goods and services tax (GST) relief package to counter the impact of Covid-19 and help prop up the economy, said people with knowledge of the matter. The package being considered could include a six-month suspension of GST payments for the worst-hit sectors such as restaurants, aviation and hospitality as well as a lower rate for the real estate sector. Other proposals include a switch to a cash-based principle of levying tax from the current invoice-based system and providing GST relief on sales for which payment is not received due to the lockdown by treating those as bad debts. These measures are expected to ease the liquidity pressure on businesses that are strapped for cash, said the people cited abov...

For More related articles and updates, connect with us -  LinkedIn- https://www.linkedin.com/in/aseem-aggarwal-1b365549/ Youtube  -  https://www.youtube.com/user/aseemaggarwal92 Twitter  -  https://twitter.com/aseem252 Corona Virus has affected the entire world and stalled the economic activities throughout the world. India has planned to slowly ease the restrictions and try to revive the stalled economic activity. Corono virus has infected people 14,000 in India and number of death is tolling near 500 mark.  Normal workplaces opening from April 20, 2020 -   Operational Rules No employee should be closer than 6 feet from another Meetings of 10 people or more cannot be conducted Lunch breaks to be staggered to avoid gatherings Employees need to work in shifts, with an hour’s gap between shifts Use of staircases to be encouraged. In case of lifts, no more than 2-4 people should be allowed at a time No “non-essential” visito...

For More related articles and updates, connect with us -  LinkedIn -  https://www.linkedin.com/in/aseem-aggarwal-1b365549/ Youtube  -  https://www.youtube.com/user/aseemaggarwal92 Twitter  -  https://twitter.com/aseem252 RBI is acting proactively RBI governor said that the RBI is doing everything to fight the epidemiological challenge that the world is facing. To ensure financial system, RBI staff is working, being staying away from family RBI governor started his address by thanking RBI staff that has been working away to keep the financial system strong. The economic situation has worsened The Economic situation has worsened since we last spoke, said RBI governor Das. India to cling on to some growth India’s growth rate is expected to be highest among G20 nations, as per IMF estimates: Shaktikanta Das Banks and other financial institutions have risen to the occasion: Das Banks, financial institutions have ri...

For More related articles and updates, connect with us -  LinkedIn -  https://www.linkedin.com/in/aseem-aggarwal-1b365549/ Youtube  -  https://www.youtube.com/user/aseemaggarwal92 Twitter  -  https://twitter.com/aseem252 Non-banking financial companies operating as  microfinance  institutions (NBFC-MFIs) have sought clarity from Reserve Bank of India (RBI) on whether they are eligible for the three-month moratorium on loan repayments announced by the central bank on March 27. “There is still confusion among banks on whether they should extend the moratorium to NBFCs. We have asked the RBI to clarify the position on this matter,” said Manoj Nambiar, chairman,  Microfinance  Institutions Network (MFIN), a self-regulatory organisation of the sector. Senior MFI executives contend that while they have extended the moratorium to their customers, the same hasn’t been extended to them by some of their lenders. Instead, they w...