Flipkart onboards 13,000 kirana stores in eastern region ahead of festive season : Bulletin: Business Today
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Flipkart onboards 13,000 kirana stores in eastern region ahead of festive season

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BusinessToday.In | September 26, 2020

COVID-19 vaccine: China claims WHO gave support, understanding for emergency use programme

The World Health Organization gave China its support and understanding to start administering experimental coronavirus vaccines to people while clinical trials were still underway, a Chinese health official said on Friday. China launched its emergency programme in July, having communicated with the WHO in late June, according to  a National Health Commission official. Hundreds of thousands essential workers and other limited groups of people considered at high risk of infection have been given the vaccine.

E-commerce giant Flipkart onboards 13,000 kirana stores in eastern region ahead of festive season

Homegrown e-commerce giant Flipkart on Friday said it has onboarded over 13,000 kiranas in the eastern region to make faster deliveries to customers ahead of the festive season. The company also said this is part of a programme to onboard 50,000 kiranas across the country to provide a faster and personalised e-commerce experience to its consumers.

Lancet warns against 'false optimism' around COVID-19 situation in India

Medical journal The Lancet, on Friday, said that the government is putting "too positive spin" on the COVID-19 situation in India, calling on the country's leaders not to give false optimism to people. The journal, in an editorial, raised concerns about the Indian Council of Medical Research (ICMR) "straying from scientific evidence", and cautioned against "unrealistic claims" amid the raging coronavirus crisis in the country.

GST compensation cess used elsewhere against law: CAG

The CAG has found that the Union government in the very first two years of the GST implementation wrongly retained Rs 47,272 crore of GST compensation cess that was meant to be used specifically to compensate states for loss of revenue. In its audit report of government accounts, the Comptroller and Auditor General (CAG) flagged that the amount was to be credited to the non-lapsable GST Compensation Cess collection fund for payment to states for loss of revenue due to implementation of GST since 2017, but the government did not do so, and thus violated the GST law.

Retrospective tax case: Vodafone wins arbitration against Indian govt

British telecommunications company Vodafone has won arbitration against India over the retrospective tax demand of Rs 20,000 crore. The International Court of Justice (ICJ) ruled that the Income-Tax department's conduct was in breach of fair and equitable treatment and that the imposition of tax liability on Vodafone violated the investment treaty agreement between India and the Netherlands, sources told Reuters.

Shapoorji Pallonji Group to recast Rs 10,900 crore debt under COVID-19 resolution framework

The Shapoorji Pallonji Group, which has decided to exit the Tata group, will restructure Rs 10,900 crore of its debt under the resolution framework for pandemic-related stress, a group official said. The relief is being sought under the one-time loan restructuring plan approved by the Reserve Bank. It allows financially stressed companies to recast their debt for two years.

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