- Due to the recent changes in the privacy policy of WhatsApp, where Facebook, the parent company can have deeper and granular access to the users’ data, users have shifted to the rival messaging app, Telegram, last week. Some very senior investors, deep-pocketing players in the pipeline, heads of large companies, etc. have also shifted their allegiance to Telegram and Signal for the same.
- Shares of Signal Advance INC. spiked up by almost 600% in two days. This is because the Twitter followers of Elon Musk misunderstood his advice of using the signal messaging app as investing in the shares of Signal Advance Inc.
- Avenue supermarkets reported or 16% year-on-year rise in the consolidated net profit of DMart for the December quarter. The total revenue for the quarter came to Rs. 7542 crore which is almost 10.76% over its year-ago quarters which was Rs. 6809 crores. The possible reason for this performance he compared to the previous 2 quarters could be an agile operating expenses management along with a good search in festival shopping allowed.
Also read: Top 7 Financial Planning Tips Finally Revealed That You Must Know!
- The government is considering easing the NPA non-performing assets classification. 2 between 120 -180 days up from 90 days. This has been taken with an objective to provide relief to the industry and smaller businesses in the light of COVID-19. this will not only help the companies pay interest in time but also the banks maintain their capital adequacy ratios even with the COVID-related defaults.
- The Department of Revenue has now mentioned that any purchase of gold, silver, jewelry all precious gems, and stones below Rs. 2Lakh does not require PAN or Aadhar of a customer as a mandatory KYC document.
- Due to the loss of excessive expenditure due to the Coronavirus pandemic the government is in talks to introduce a new COVID-19 cess on taxpayers who fall under the high-income bracket. it might also be imposed on some indirect taxes. COVID-19 cess will allow the government to quickly generate funds as opposed to raising taxes. The generated funds could help the government in the planned COVID-19 inoculation drive, the distribution, manpower, training, cost of vaccination, etc.
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