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Businesses can claim GST refund for cancellation of services, goods contract

The CBIC clarification comes at a time when sectors like aviation and hospitality are grappling with mass cancellation of bookings in view of the lockdown due to the pandemic. Rajat Mohan, Senior Partner at AMRG & Associates, said “this clarification would help worst-hit sectors of the business fraternity to claim a tax refund from the government, which would also have a ripple effect in the entire supply chain”.

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Only Ayushman Yojana beneficiaries can be tested for free in pvt labs: SC

“We make it clear that the benefit of free testing by a person can be availed only when he or she is covered under any scheme like Ayushman Bharat Pradhan Mantri Jan Aarogya Yojana.We are also of the view that looking to the plight of persons belonging to economically weaker sections of the society, the Government may consider as to whether any other categories of persons belonging to economically weaker sections of the society can be extended benefit of free testing of Covid-19,” it said.

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25 districts in 15 states have not reported new Covid-19 cases: Govt

Agarwal also said that the Core Strategy Group on Covid-19 was working on rapid and economical diagnostics as well as new drugs.

“The group has been formed, based on a detailed review of Covid-19 research, undertaken by Union Health Minister Harshvardhan along with CSIR and its 38 labs. The group is working on digital and molecular surveillance, rapid and economical diagnostics, new drugs, repurposing of drugs and associated production “ he said.

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World”s biggest lockdown may have cost Rs 7-8 lakh cr to Indian economy

All India Motor Transport Congress (AIMTC) secretary-general Naveen Gupta said the accumulated losses to truckers during the first 15 days of lockdown were about Rs 35,200 crore given an average Rs 2,200 loss to per truck per day.

“More than 90 per cent of the about one crore trucks in the country are off roads during the lockdown as truckers with only essential commodities are on the move,” he said. “Even if the lockdown is lifted, it will take at least 2 to 3 months for truckers to limp to some normal scale as we apprehend consumption of non-essential items to remain hit on the account of lack of purchasing power.”

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COVID-19 death toll rises to 308, cases 9,152, Modi to address the nation at 10 am tom

Prime Minister Narendra Modi will finally be addressing the nation at 10 am on April 14, which is the last day of the 21-day lockdown.

The prime minister is also likely to announce plans to revive the Indian economy which has been badly hit by the lockdown.”Prime Minister @narendramodi will address the nation at 10 AM on 14th April 2020,” the PMO tweeted. Last month, the prime minister had addressed the nation twice — on March 19 and March 24.

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Countries facing pressure to loosen virus restrictions

Some European nations have started tentative moves to ease their shutdowns. Hard-hit Spain, which on Sunday reported its lowest daily growth in infections in three weeks, will allow workers in some nonessential industries to return to factories and construction sites Monday.

South Korea’s caseload has slowed from early March, when it was reporting around 500 new cases a day, but officials have warned of a broader quiet spread, pointing to transmissions at locations such as bars that may indicate eased attitudes toward social distancing.

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Caronavirus Pandemic: Can beer help with coronavirus?:Serious to foolish queries flood helplines

Vishal Sehgal, medical director at Bangalore-based Portea Medical, said their WhatsApp chatbot service, launched in the third week of March, has received over 15 lakh queries from over 16 countries. Besides, they get over 100 COVID-19 related calls on their helpline everyday.

“There is a lot of anxiety and doubts among people about COVID-19. They are mostly about what this virus is, how it works and what safety measures need to be taken. There are also a lot of queries on what one can do if they develop the symptoms.

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Covid-19 Crisis:IRDAI asks insurers to be cautious on dividend payments,rationalise expenses and ensure solvency margin

Emphasising on prudent management of financial resources by the domestic insurers in the days  of Covid-19 pandemic and ongoing lockdown in the country, the board of insurers are advised to devise strategies to ensure that they have adequate capital and resources available with them, said Pravin Kutumbe, member(Finance & Investment),IRDAI in a circular to the insurers on Monday.

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