Hoping for tax breaks? Read this first

With jobs and incomes dwindling, the demand for tax relief acquires a new urgency.

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THE ECONOMIC TIMES NEWS DIGEST Tue, May 05, 2020 | 04:00 PM IST

Dear Reader, here are top stories of the day.

News Hoping for tax breaks? Read this first With jobs and incomes dwindling, the demand for tax relief acquires a new urgency. ... India coronavirus count, May 5: Steep spike in cases, deaths jump sharply too According to the update at 8 am, total cases in India went up to 46,433 in the past 24 hours. There have been 1,568 d... India needs a bigger stimulus package: Abhijit Banerjee Banerjee, while talking to Congress leader Rahul Gandhi through video-conferencing, suggested giving money into the h...

Today's Highlights UK car sales crash to 1946 low on virus lockdown New registrations for all cars collapsed by a "precipitous" 97 percent last month on a yearly basis to just 4,321 veh... Vistara announces leave without pay for senior staff The compulsory no-pay leave will affect around 1,200 employees in senior grades. Vistara had sent the same set of sen... UK economy set to shrink 7% or more: IHS Markit IHS Markit said its monthly Purchasing Managers' Index (PMI) for the services sector fell to its lowest since the sur...

Industry Diesel gets dearer by Rs 7 per litre in Delhi Petrol in Delhi now costs Rs 71.26 a litre as against Rs 69.59 previously, oil industry sources said.... NBFCs ask RBI for one-time restructuring of all loans till Mar 2021 ​ NBFCs have also demanded for extension of the Reserve Bank of India's moratorium to them, relaxation on provisionin... India likely to repatriate 14,800 nationals in 64 flights Between May 7 and 13, India is likely to conduct 10 flights to the UAE, seven flights each to the US and the UK, five...

Jobs India's jobless rate jumps to 27.1%, survey says The data could get worse, which "should be expected as the lockdown continues to get prolonged," CMIE chief said. "In...

epaper Freedom to fly will come with a new normal Airlines and airport operators are formulating scenarios for resumption of operations.... Factories open, but where are the workers? Industry leaders said April-June quarter would be a washout even for the high and mighty.... IT hardware body red-flags Aarogya order Centre has mandated all its employees as well as those in private firms to download the app....

RISE Paytm, the David to Ambani's Goliath? JioMart has quickly ramped up operations by taking orders through WhatsApp.... Now, a technology to sanitise your groceries A Bengaluru-based startup has developed a device which sterilizes objects and kills Covid-19 virus in ten minutes usi... Ola, Uber come up with new plans Ola, Uber, Vogo, Bounce, Rapido, and Yulu are expanding their portfolio and restructuring their category mix as consu...

Panache Neetu Kapoor thanks 'guardian angels' Mr & Mrs Ambani for their love and support while Rishi was ailing The actress took to Instagram to share her feelings for the Ambanis.... 'Hasmukh' row: Delhi HC declines to grant interim stay on airing of the Netflix series Justice Sanjeev Sachdeva dismissed the application moved by lawyer Ashutosh Dubey.... Apple launches new MacBook Pro with updated keyboard at $1,299 The new keyboard follows the "scissor" mechanism more commonly found in the industry....

NRI NRIs look to return to India amid global Covid outbreak ​​​With India reporting a little over 40k COVID infections and job prospects dwindling sharply in foreign countries o...

Wealth Check bank a/c in EPF record for fast withdrawal It is important that your correct bank account with IFSC is linked to your Universal Account Number (UAN) to receive ... MahaRERA to hear only urgent cases during lockdown This will be done with all staff working digitally during this period. The working of MahaRERA from May 18, will be d... Mumbai luxury residential prices to dip 5% in 2020 "The impact of COVID- 19 is far reaching for most global markets. India's key markets will also be faced with the unc...

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