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Tag: ‘capital’

Working capital loan sanctions doubled in 2 days: Nirmala Sitharaman

Working capital loan sanctions doubled in 2 days: Nirmala Sitharaman

Finance
NEW DELHI: A day after suggesting that Indian economy is "poised to recover" as indicated by high levels of loan sanctions by banks over last two months, Finance Minister Nirmala Sitharaman on Saturday pointed out that banks are leaving no stone unturned to ensure that the current coronavirus situation does not result in liquidity crisis for businesses. In a tweet by Nirmala Sitharaman's office, it said that almost all eligible borrowers for emergency credit lines and working capital have been contacted by banks and sanctions have picked up pace in last couple of days. "PSBs contacted more than 95% of borrowers eligible for emergency credit lines & working capital enhancements between March 20 - May 6. The amount sanctioned jumped to Rs 54,544 crore, more than double the amount 2 days...
Asia Today: Australian capital free of known virus cases

Asia Today: Australian capital free of known virus cases

Health
The Australian Capital Territory has become the first of the country’s eight states and mainland territories to declare itself free of all known cases of the coronavirusByThe Associated PressApril 30, 2020, 8:35 AM4 min read4 min readShare to FacebookShare to TwitterEmail this articleBANGKOK -- The Australian Capital Territory has become the first of the country’s eight states and mainland territories to declare itself free of all known cases of the coronavirus. Chief Health Officer Kerryn Coleman said the territory surrounding the capital city Canberra was free of any recorded infection on Thursday for the first time in seven weeks after the last patient recovered. There have been 106 confirmed COVID-19 cases in Canberra and three patients have died. ACT has a population of only 420,000,
Relaxation, clarification on capital gains tax needed in Budget 2020: EY

Relaxation, clarification on capital gains tax needed in Budget 2020: EY

Finance
By Shalini JainWith the annual budget around the corner, the expectations of individual tax payers are high. Given the recent reduction in corporate tax rates, the individual tax payers expect reduction in tax rates and relaxations coming their way as well. Long-term capital gains on sale of equity shares and units of equity-oriented funds The recent years have seen changes in capital gains taxation which has increased the tax burden of individual tax payers. For instance, the long-term capital gains (LTCG) exceeding Rs 1 lakh on sale of equity shares and units of equity-oriented funds on which Securities Transaction Tax (STT) is paid, which were earlier tax exempt, were brought to tax at 10% for transfers made on or after April 1, 2018. To encourage small tax payers to invest in the stoc...
Devastating factory fire kills at least 43 in Indian capital

Devastating factory fire kills at least 43 in Indian capital

World
Authorities are investigating the cause of a devastating fire that killed at least 43 people in a garment factory in a crowded area in central New DelhiBy SHEIKH SAALIQ and ASHOK SHARMA Associated PressDecember 8, 2019, 9:51 AM4 min read Indian authorities were investigating the cause of a devastating fire that killed at least 43 people in a factory in central New Delhi early Sunday, as relatives of the workers who were trapped inside waited outside a hospital mortuary to identify the dead. Firefighters had to fight the blaze from 100 meters (yards) away because it broke out in one of the area's many alleyways, tangled in electrical wire and too narrow for vehicles to access, authorities said. A resident of the area, Mohammed Naushad, said he was woken by people wailing at around 4:30 a....

Samoa’s capital deserted as teams battle measles epidemic

Health
Samoa’s main streets are eerily quiet as the government steps up efforts to curb a measles epidemic that has killed 62 peopleBy NICK PERRY Associated PressDecember 5, 2019, 3:10 AM2 min read Samoa’s main streets were eerily quiet on Thursday as the government stepped up efforts to curb a measles epidemic that has killed 62 people. The government told most public and private workers to stay home on Thursday and Friday and shut down roads to nonessential vehicles as teams began going door-to-door to administer vaccines. Families in the Pacific island nation were asked to hang red flags from their houses if they needed to be vaccinated. Most of those who have died from the virus are young, with 54 deaths among children aged 4 or younger. The Samoa Observer newspaper said the normally bustling