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Treat coronavirus-related tax concerns as exceptional, says OECD

Treat coronavirus-related tax concerns as exceptional, says OECD

Will a non-resident stuck in India for over 182 days because of the Covid-19 lockdown be liable to be taxed in India? Will cross-border workers stuck in India for a longer duration impact the tax residency or result in permanent establishment- (PE-) related tax concerns for his overseas employer?

These situations should be treated as ‘exceptional and temporary’ and should not trigger a change in residency or PE status, according to the Organization of Economic Cooperation and Development (OECD) in its guidance note.

Railways issues restoration plan for resumption of services from April 15

Railways issues restoration plan for resumption of services from April 15

Railways has begun preparing to resume all its services from April 15 after a 21-day suspension of its passenger trains in the wake of the coronavirus outbreak.

Sources said all railway safety personnel, running staff, guards, TTE and other officials have been told to be ready to join their posts from April 15. Trains, however, will begin operations only after a green signal from the government which had formed a Group of Ministers (GoM) on the issue.

Covid-19 impact: Amazon delays Prime Day sales event, expects $100-mn hit

Covid-19 impact: Amazon delays Prime Day sales event, expects $100-mn hit

Amazon.com Inc is postponing its major summer shopping event Prime Day until at least August and expects a potential $100-million hit from excess devices it may now have to sell at a discount, according to internal meeting notes seen by Reuters.

Amazon declined to comment. Prime Day, a marketing event Amazon started in 2015 to drum up sales during the summer shopping lull, has previously occurred in July, though the company never publishes the date far in advance.

Global coronavirus cases cross 11 lakh, death toll nears 59,000

Global coronavirus cases cross 11 lakh, death toll nears 59,000

The number of coronavirus cases worldwide has crossed 11 lakh with close to 59,000 deaths, according to the Johns Hopkins University tracker.

The tracker recorded 1,100,283 cases worldwide and 58,929 deaths as of 12 pm on Saturday.

Out of the 11 lakh COVID-19 patients, 226,669 have recovered from the disease.

Analysis: Will power grids fail on April 5, 9 PM due to low demand? Here's the truth

Analysis: Will power grids fail on April 5, 9 PM due to low demand? Here's the truth

Prime Minister Narendra Modi on Friday morning asked people to turn off the lights for 9 minutes at 9 pm on this Sunday and burn a candle, flashlight or an earthen lamp. He gave a video message to the nation.

Following the message, rumours have been doing the rounds on social media that power grids may fail due to a sudden decrease in demand. Through this article, we will try to clear any doubts regarding that.

Three terrorists killed in encounter with security forces in Jammu and Kashmir's Kulgam

Three terrorists killed in encounter with security forces in Jammu and Kashmir's Kulgam

Three terrorists were killed in an encounter with security forces in Jammu and Kashmir's Kulgam district on Saturday morning, officials said.

The exchange of fire between terrorists and security forces is still underway, Jammu and Kashmir Police said. Four terrorists are believed to be trapped at the site.

Modi, Israeli PM Benjamin Netanyahu discuss COVID-19 pandemic over phone

Modi, Israeli PM Benjamin Netanyahu discuss COVID-19 pandemic over phone

Prime Minister Narendra Modi on Friday had a telephone conversation with Benjamin Netanyahu, Prime Minister of Israel.

According to a press statement, the two leaders discussed the ongoing COVID-19 pandemic and the response strategies adopted by their respective Governments to the health crisis.

Coronavirus transmitted via respiratory droplets and contact routes, not through air: WHO

Coronavirus transmitted via respiratory droplets and contact routes, not through air: WHO

As coronavirus cases continue to spread rapidly around the globe, the World Health Organisation (WHO) has debunked rumours and said that it is not airborne transmission and is transmitted between two people only through respiratory droplets and contact routes.

Respiratory infections can be transmitted through droplets of different sizes: when the droplet particles are >5-10 μm in diameter they are referred to as respiratory droplets, and when then are <5μm in diameter, they are referred to as droplet nuclei, WHO said in a statement.

Centre approves Rs 11,092 crore fund for states to deal with coronavirus

Centre approves Rs 11,092 crore fund for states to deal with coronavirus

Union Minister for Home Affairs Amit Shah on Friday approved the release of Rs 11,092 crore under the State Disaster Risk Management Fund (SDRMF), to all states to battle the coronavirus pandemic. The move comes a day after the assurance given by Prime Minister Narendra Modi on Thursday during his video conference meeting with chief ministers of the states.

The Central Government has released in advance its share of first installment of State Disaster Risk Management Fund for the year 2020-21, amounting to Rs. 11,092 crores, with a view to augment funds available with the State Governments, a press release said.

US sets new global record with 1,480 coronavirus deaths in 24 hours, toll crosses 7,000

US sets new global record with 1,480 coronavirus deaths in 24 hours, toll crosses 7,000

In the worst 24-hour death toll for any country since the outbreak of novel coronavirus, the United States recorded nearly 1,500 deaths from COVID-19 between Thursday and Friday, according to the Johns Hopkins University tracker.

The US recorded 1,480 deaths between 8:30 pm (0030 GMT) Thursday and the same time Friday, AFP reported.

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