In the near term, the Covid-19 outbreak could negatively affect China region revenues of Motherson Sumi. It derives about 6 percent of consolidated revenues from the China region. Assuming China sales to be impacted by 25 percent in the near term, consolidated EBITDA estimates could reduce by 3 percent. … [Read more...] about ‘U-shaped’ recovery likely post coronavirus impact; these 8 stocks could take a hit
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"Some MSMEs have also said that if the cycle of receiving the goods, manufacturing and sending it out is getting affected, because of delayed or staggered raw material supply, banks will also have to understand that out payments receipts will be taking their own time," Sitharaman said at a press conference after holding a meeting between the industry representatives and other stakeholders to assess the impact of the novel coronavirus, now officially known as Covid-19. … [Read more...] about Coronavirus impact: MSMEs request banks to be flexible
The Bill provides for two separate timings for taxpayers to voice their election for the new lower tax regime. In case of the salaried class, the Bill proposes that the election should be made at the time of filing the tax return. It will be interesting to see how the timing of such election marries with the employer’s obligation to deduct TDS. Employers are likely to deduct TDS at the higher of the tax rates on a more conservative note, in which case individuals will need to claim refund of excess taxes withheld. Salaried individuals can make a new election each year where they may choose between personal tax cuts versus personal tax deductions and exemptions. … [Read more...] about Budget 2020|Personal tax rate cuts – to elect or not to elect?
Interestingly, this is the first policy review post the announcement of Budget for 2020-21, in which the government has postponed fiscal consolidation in the interest of growth. Despite the evident pressure on revenues, the government has increased spending on agriculture, irrigation, rural development, road construction, smart city mission and the like. The government expects nominal GDP (gross domestic product) growth to rebound from 7.5 percent in FY20 to 10 percent in FY21 on the back of continuation of structural reforms, normalisation of financial credit and transmission of repo rate cuts earlier. … [Read more...] about Monetary and fiscal policies need to go hand in hand
The cabinet also gave its nod to the renaming of upcoming government medical college in Mohali as Dr B R Ambedkar State Institute of Medical Sciences.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Punjab cabinet approves Rs 650 crore for rejuvenation of Buddha Nullah