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EPF contribution lowered to 10% for three months; TDS, TCS rates cut by 25% till March 31, 2021

EPF contribution lowered to 10% for three months; TDS, TCS rates cut by 25% till March 31, 2021

Finance
In a move that will put more money in the hands of salaried class, employers and taxpayers, government has lowered the rate of provident fund contribution to 10% for three months while reducing the rates of tax deduction at source (TDS) and tax collection at source (TCS) by 25% till March 31, 2021 and extending the tenure of compliance for returns, assessment and audit. While reduction in PF rates will give Rs 6,750 crore liquidity relief, the reduction in TDS and TCS rates for non-salaried specified payments and specified receipts will release Rs 50,000 crore liquidity into the system. Finance minister Nirmala Sitharamn announced this as part of the first in series of the Rs 20 lakh crore stimulus package for the country to tide over the economic crisis post the spread of COVID-19 pandem...
World Book Night: One in three reading more during lockdown

World Book Night: One in three reading more during lockdown

Entertainment
Media playback is unsupported on your device People in the UK are turning to books to help them through lockdown, according to a new survey by The Reading Agency.The figures, released on Thursday to mark World Book Night, suggest 31% of people are reading more since lockdown restrictions were imposed in the UK.Most are reading fiction, with classics and crime novels proving popular.Almost half (45%) of the young people - aged 18-24 - asked said they were reading more than they had been before.And many of the 2,103 people surveyed cited reading as a form of release, escapism or distraction during these troubled times, and that having more time was the key to reading more. Notably, the ...
HDFC Bank shortlists three names to replace Aditya Puri as CEO

HDFC Bank shortlists three names to replace Aditya Puri as CEO

Finance
HDFC Bank has “finalised the names of three candidates for the position of the managing director and chief executive officer of the Bank”. These names will be submitted to Reserve Bank of India for its approval and upon receiving that due disclosures will be made, the bank said in a statement to the stock exchanges on Saturday. According to an earlier ET report, the bank has three contenders to succeed Puri. These include Sashidhar (Sashi) Jagdishan and Kaizad Bharucha, both executive directors of the bank, and Sunil Garg, global CEO of Citi Commercial Bank. Puri, 69, is credited with building the bank from scratch since its 1994 inception and turning it into a financial giant with a balance sheet size of nearly Rs 14 lakh crore. His term will end in October 2020. The bank had constituted
Coronavirus: Three out of four Americans under some form of lockdown

Coronavirus: Three out of four Americans under some form of lockdown

World
About three out of four Americans are now, or about to be, under some form of lockdown, as more states tighten measures to fight the coronavirus.Maryland, Virginia, Arizona and Tennessee became the latest states to order citizens to stay at home, meaning 32 of 50 states have taken such steps.Meanwhile governors are quarrelling with President Donald Trump about the availability of testing kits. The US has more than 163,000 confirmed virus cases and over 3,000 deaths.It surpassed Italy last week as the country with the highest number of people suffering from Covid-19, the disease caused by the virus. New York City is the worst-hit place in America, with 914 confirmed fatal...
Killing Eve series three to be released early due to coronavirus

Killing Eve series three to be released early due to coronavirus

Entertainment
Killing Eve has delighted fans by announcing the third season will be released two weeks early.The female-led spy drama will be available to stream in the UK on iPlayer from 6am on Monday 13 April, after airing at 9pm local time in the US on Sunday 12 April on BBC America and AMC. It had originally been due to TX in America on 26 April. Image: Villanelle gets musical in the one-minute series three trailer. Pic. BBC/Killing Eve The change of schedule is due to gaps left after COVID-19 shut down numerous TV and film productions.The Walking Deadseries 10 finale and the spinoff series The Walking Dead: The World Beyond have both had to be postponed. ...