Day: July 31, 2020


7 min read

Opinions expressed by Entrepreneur contributors are their own.


The pandemic has had devastating effects worldwide. You know this. I know this. We all know this. It has affected every area of life for billions of people and, for many of us, doesn’t seem to be ending anytime soon. The sad reality is we all know at least one local business that couldn’t sustain the catastrophic loss and made the heartbreaking decision to close its doors permanently.

During this time, we’ve seen many service-based businesses transform day-to-day operations and products, or pivot entirely, in order to survive these darker times. We’ve also witnessed certain industries modify their service and adjust to the circumstances to effectively wait out the storm.

A good example of visible brands who have done their best to modify how they operate would be some of our favorite talk shows, such as


The central government has received 131 claims under an scheme for healthcare workers engaged in COVID-19 related duty and payments have already been made in 20 of them, an officer said on Thursday.


The claims are coming in a bit slow as families are initially in a state of shock when a death occurs and, therefore, it takes time to do the necessary paperwork, Officer on Special Duty in the Health Ministry Rajesh Bhushan said at a press briefing.



“Under the scheme, we have received 131 claims. Out of these 131 claims, payments have already been made in 20 cases. In 64 cases payment has been processed and would be made in the coming few days, while 47 cases are with different state governments. Maximum number of cases are in Maharashtra, Delhi and Telangana,” he said.


The


The finance ministry is considering an amnesty programme for residents with illicit stash of gold, as part of an effort to crack down on and cut its dependence on imports, according to people with knowledge of the matter.


Under the proposition made to Prime Minister Narendra Modi, the government plans to ask people with unaccounted holdings of the metal to declare it to tax authorities and pay levies, and penalty, the people said, asking not to be identified. The proposal is at an early stage and authorities are seeking feedback from officials concerned, they said.



Modi unveiled three state-backed plans in 2015 to try to tap the world’s largest private stash of about 25,000 tonnes held by households and institutions to trim physical demand, and reduce imports by providing people with alternative avenues for investment. The programmes failed


The surge in Indian technology shares is proving to be stronger than the Nasdaq-100 Index’s relentless rally.


The 50-member S&P BSE Information Technology (BSE IT) Index jumped to a record high this week, taking its advance since the end of March to more than 40 per cent, and eclipsing the tech-heavy US gauge’s 36 per cent gain in the period.



Blowout quarterly earnings reported by some of India’s biggest software firms in July have boosted shares, while spurring analysts to upgrade their profit forecasts for the sector by the most since 2013.