Business & Finance News
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Coronavirus LIVE: 785,686 cases globally; death toll surges to 37,811

Tara R. Hernandez

Coronavirus Are living update:  Despite the 21-day lockdown, the quantity of Covid-19 situations in India has viewed a regular increase. On Monday, India’s cumulative coronavirus infections reached one,251, registering the optimum one-day maximize of 227 situations the demise toll rose to 32. The govt desired to consider “extraordinary” and “unprecedented” actions like a nationwide lockdown for 3 months to avoid the spread of the coronavirus pandemic, mentioned Prime Minister Narendra Modi on Monday as his govt denied a community outbreak of the disease.

Worldwide, the quantity of coronavirus situations has reached much more than 784,000, while approximately 38,000 have died so considerably.


Coronavirus environment update: Italy has so considerably experienced eleven,591 fatalities, with 101,739 situations. Spain has recorded 7,716 fatalities and 87,956 infections. China has declared three,304 fatalities and 81,470 situations so considerably. The United States, with 163,490 diagnosed situations and two,148 fatalities, has the optimum quantity of infected folks. … Read More

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Coronavirus outbreak: Direct tax shortfall likely to touch a 20-year high

Tara R. Hernandez

India’s direct tax assortment for the current fiscal calendar year ending March 31 is probably to see a whopping shortfall of about Rs one.five trillion compared to the revised estimates (RE). This is set to choose put for the 1st time in at least two decades, derailing the government’s fiscal deficit goals.

According to senior officials, the profits tax department estimates whole assortment to be concerning Rs 10.five trillion and Rs 10.7 trillion in opposition to the revised concentrate on of Rs 11.7 trillion. Nonetheless, the correct figures could arrive by April one.

Tax officials attributed the acute shortfall to the world wide pandemic. But even the previously months of the calendar year experienced turned out to be bad for direct tax assortment.

Sources in the department mentioned that the Vivad se Vishwas plan, which is envisioned to give a leg up to collections, has not observed a one huge

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