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Tax reduction, pandemic-driven cost cuts buoys India Inc net by 105% in FY21: Report

The tax cut has contributed 19 per cent to the topline of these companies during the pandemic with cement, tyre and consumer durables gaining in excess of 50 per cent, it added.

More importantly, 15 sectors led by refineries, steel, fertilisers, textiles, pharma, IT, mining, etc reduced their loan funds in the range of 6-64 per cent or to the tune of Rs 2.09 lakh crore in FY21, which again boosted their bottomline.

Hospitals have become large industries, thrive on human distress: SC

“Hospitals have become a large industry now based on human distress. We cannot allow them to prosper at the cost of human lives. Let such hospitals be closed and allow the state to bolster health care facilities. Let not such hospitals operate in buildings with four rooms etc.,” said Justice Chandrachud while noting that a number of hospitals don’t adhere to fire safety norms.

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