With the Covid-19 pandemic unlikely to vanish anytime soon and the situation remains grim, keeping all educational institutes shut, the ministry of human resource and development has come up with a new online education framework to guide the sector for a course correction. As per the new guidelines regarding online classes by schools, the Union government has recommended a cap on duration and the number of sessions in a day for students.The guideline named ‘Pragyata’, recommends that the duration for online classes for pre-primary students should not be for more than 30 minutes and for classes 1 to 8, the HRD ministry has recommended two online sessions of up to 45 minutes each while for classes to 9 to 12, four sessions of 30-45 minutes duration have been recommended.“The COVID-19 pandemic has led to closure of schools and has impacted over 240 million children of the country who are enrolled in schools. Extended school closures may cause loss of learning. To … [Read more...] about New online education framework to tackle Covid-19 presence in long term
Long term gains tax rate
By Foo Yun Chee and Padraic HalpinLUXEMBOURG/DUBLIN: Apple scored a major win on Wednesday as Europe's second-highest court rejected an EU order for the iPhone maker to pay 13 billion euros ($15 billion) in Irish back taxes, dealing a blow to the bloc's attempts to crack down on sweetheart tax deals.In its order four years ago, the European Commission said Apple benefited from illegal state aid via two Irish tax rulings that artificially reduced its tax burden for over two decades - to as low as 0.005% in 2014."The General Court annuls the contested decision because the Commission did not succeed in showing to the requisite legal standard that there was an advantage for the purposes of Article 107(1) TFEU1," judges said, referring to EU competition rules.They said the EU executive was wrong to say Apple's two Irish subsidiaries - Apple Sales International (ASI) and Apple Operations Europe (AOE) - had been granted a selective economic advantage and, by extension, state aid.Apple … [Read more...] about Blow for EU as Apple wins fight against $15 bln tax order
"So over the past three months, when the external shock was at its peak, from March to May period, China's exports held up because it was gaining market share, it was largely driven by medical equipment and computers. So now we are seeing a more broad-based export recovery, expanding to things beyond just medical areas," said Xing. … [Read more...] about China gains market share as global trade rebounds: Morgan Stanley
The US Trade Representative last week imposed a 25 per cent tariff on imports from France, retaliating to the latter’s decision to levy 3 per cent Digital Sales tax on technology giants, like Google and Facebook. This tariff is effective from January 3, round about the same time the European nation has deferred its levy till.The Trump administration is also probing India’s 2 per cent Digital tax. India has gone ahead with its equalisation levy from the beginning of this financial year. ETCFO spoke with expert Sandeep Jhunjhunwala, tax partner with Delhi-based business advisory firm, Nangia Andersen, to understand what the USA’s retaliatory action means and whether Indian is next in line facing such measures. Edited excerpts:Q: What implication does the US tariff for France have on India?Sandeep Jhunjhunwala: The ongoing pandemic has seen a surge in digital transactions and a boost in the global e-commerce marketplace. Governments are keen on revenue collection to meet … [Read more...] about Equalisation Levy: India should engage with US to avoid Digital tax retaliation, expert says
By Bhavna HarchandraiFind out why your exercise regime is not working for you, despite training very hard When it comes to exercise, we think more is better. Nothing can be more wrong. We know it’s possible to get too little exercise, but we don’t know when we are getting too much of it. We believe more exercise would mean more health benefits. And especially now that we are holed up at home, we want to achieve our long-held fitness goals — reaching the magical number on the weighing scale, fitting into one-size-too-small jeans, achieving a 25 pushups count daily, doing a handstand — with utmost grit and determination, all in one go. muscle fibres. This is beneficial, because when your body repairs and rebuilds the fibres, you are stronger than what you were before. In order for the repair process to happen, you need adequate sleep, a good diet, rest and recovery. We must understand that if we exercise too much for weeks or months at a time, we put our body … [Read more...] about All pain and no gain?