Buhari signs Amended Companies and Allied Matters Bill, after 30 years

The statement reads: “The President’s action on this important piece of legislation, therefore, repealed and replaced the extant Companies and Allied Matters Act, 1990, introducing after 30 years, several corporate legal innovations geared toward enhancing ease of doing business in the country.

Trump downplays COVID-19’s mortality rate in US

President TrumpDonald John TrumpBiden says his faith is ‘bedrock foundation of my life’ after Trump claim Coronavirus talks on life support as parties dig in, pass blame Ohio governor tests negative in second coronavirus test MORE has repeatedly claimed that the U.S. has one of the lowest COVID-19 mortality rates anywhere in the world, even […]

Reference exchange rate down despite gold price soaring

With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,896 VND/USD and the floor rate, 22,503 VND/USD. The opening hour rates at commercial banks remained unchanged as compared to the same time of August 6. At 8:30 am, Vietcombank kept both rates unchanged from the […]

Ellen DeGeneres’ show has its worst ratings EVER amid shocking claims she fostered a ‘toxic work environment behind the scenes’

Her character also came under fire in late March after a series of tweets from comic Kevin T. Porter (linked to a charity drive for the Los Angeles Food Bank), who requested his followers post ‘insane’ tales of ‘Ellen being mean,’ which blew up on social media with much feedback. 

Almost HALF of 25 to 34-year-olds say they would flout restrictions if the country went into a second coronavirus lockdown, survey reveals

How Covid-19 cases have changed in Spain, Belgium, Finland, Greece, France, Ireland, Germany, Italy, the UK, Luxembourg and Europe overall. The biweekly growth rate on any given date measures the percentage change in the number of new confirmed cases over the last 14 days relative to the number in the previous 14 days

Coronavirus: France infections surge at post-lockdown record rate as country could be next on quarantine list

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Pushing validity of 15H/15G forms to June 30, a relief to taxpayers

“Most senior citizens are unlikely to opt for the new regime as the existing one is more beneficial for them. They will have to take a call based on their income and deductions they claim currently. Opt for the regime where the tax impact is lower,” says Archit Gupta, Founder and CEO, ClearTax. If you […]

RBI policy review: Why pausing rates does not mean inaction

“Transmission to bank lending rates has improved further, with the weighted average lending rate (WALR) on fresh rupee loans declining by 91 bps during March-June 2020,” the RBI statement noted. To put things in perspective, the RBI has cut rate by 115 basis points in this period and the transmission of 91 bps is satisfactory. […]

Central bank cuts rates for 3rd time

But experts have said the lower policy rates have not had a major impact on the economy since businesses have trouble accessing bank credit not due to high interest rates but because they could not prove their repayment capability amid the uncertainties caused by the pandemic.

State Bank of Vietnam cuts some interest rates

Accordingly, the interest rate of compulsory reserves in VND at banks will be 0.5 percent per annum, and the interest rate on dong deposits from banks that exceed the minimum 3 percent requirement will be zero percent per annum, down 0.5 percent compared to the rates stipulated in a decision on March 16 this year. […]