India reports less than 50K daily new COVID-19 cases for the fifth successive day - November 12, 2020
India reports less than 50,000 daily new cases for the successive fifth day. The total number of persons tested positive for COVID-19 in the last 24 hours stand at 47,905. There is also a trend of daily new recoveries exceeding daily new cases and this has been going on for the 40th day with 52,718 new recoveries recorded in the last 24 hours. It is also to be noted that India’s active COVID-19 cases amount to 4,89,294.
Atmanirbhar Bharat Package 3.0: Govt announces Income Tax relief for Developers & Home Buyers on sale of residential units
The Indian govt has announced today (November 12, 2020) the Atmanirbhar Bharat Package 3.0 for various important issues - Employment (Atmanirbhar Bharat Rozgar Yojana); Credit line scheme (Aatmanirbhar Bharat Abhiyaan); Atmanirbhar Manufacturing; PM Awaas Yojana (PMAY) –Urban; Income Tax relief for Developers & Home Buyers to boost demand for residential real estate; Support for Agriculture; Rural employment (PM Garib Kalyan Rozgar Yojana), Captial and Industrial stimulus, R&D grant for COVID Vaccine development, among others.
Wales government (UK) signs MoU with Telangana state to upgrade students skillset and improve employability
Telangana government has signed an historic agreement, i.e., a memorandum of understanding (MOU) between the Welsh Government and the Telangana State Council of Higher Education on November 11, 2020. This agreement will boost ties for bilateral research, entrepreneurship, innovation, employability and education exchange between Wales and the Telangana state.
Research shows how physical exercises help obese people lose weight
Obesity is a global health problem that is closely linked to many metabolic disorders. Regular physical exercise has been found to reduce the genetic predisposition to obesity. However, it is still not clear what kinds of exercise can modify the genetic risk of obesity
Dubbak By-poll Election Results Updates: BJP leads in Telangana
The Dubbak by-poll elections were conducted on November 3, 2020 and the results are to be declared today (November 10, 2020). The candidates from top-3 parties in the fray are Solipeta Sujatha from Telangana Rashtra Samithi (TRS) ; Cheruku Madhavaneni Raghunandan Rao from Bharatiya Janata Party (BJP); and Srinivas Reddy from Indian National Congress (INC)
ICAI important announcement regarding Opt-out scheme for November 2020 CA examination
The Institute of Chartered Accountants of India (ICAI) issued an important announcement through its examination department regarding the Opt-out Scheme applicable to students for the upcoming November 2020 CA examination. ICAI has first announced about the Opt-out Scheme on 23rd October 2020 and had prescribed this scheme for November 2020 examination
T-Hub completes five years, celebrates building robust and vibrant innovation ecosystem in Telangana
T-hub celebrated its fifth anniversary on November 5, 2020 and has played a pivotal role in India’s innovation and startup ecosystem. It was launched in 2015 with the aim to become a global innovation hub catering to start-ups, corporations and incubators. T-hub’s impact can be seen in over 1,100 startups and more than 430 corporations.
Amazon Web Services (AWS) second Region (Asia-Pacific) is coming to Hyderabad, Amazon to invest Rs 20,761 crore in Telangana
It is expected that this new AWS Asia Pacific (Hyderabad) region will start operations by Mid of 2022. The state of Telangana got a super boost with this Amazon AWS announcement. KT Rama Rao, Telangana Industries and IT Minister, tweeted this morning sharing the news of setting up of new Amazon AWS in his state and also the largest FDI investment in the history of Telangana. KTR tweeted, “Happy to announce the largest FDI in the history of Telangana. After a series of meetings, AWS has finalised investment of Rs 20,761 crore ($2.77 billion) to set up multiple data centres in Telangana. The AWSCloud Hyderabad Region is expected to be launched by mid-2022
Mapmygenome starts COVID-19 Testing Lab at GMR Hyderabad International Airport, inaguration on November 4, 2020
The Covid-19 testing lab ensures a safe journey of all passengers entering the city, also for the ones scheduled for domestic connecting flights or the passengers for international departures. Mapmygenome India partnered with GMR Hyderabad International Airport Ltd for this venture. While a nasopharyngeal swab is the preferred testing method of the WHO and CDC, for this testing lab, Oropharyngeal swabs will be used for sample collection for the RT-PCR based test.
Income Tax Return for AY 2020-2021: All you need to know about ITR-1 SAHAJ
The ITR-1 Form is applicable for the assessment year 2020-21 only that it relates to income earned during the financial Year 2019-20. The ITR-1 is to be used by an individual who is a resident other than not ordinarily resident, whose total income for the Assessment Year 2020-21 does not exceed Rs. 50 lakh. No document (including TDS certificate) should be attached to this form.