Our Hon. FM have announced of increasing threshold limit for auditing for msme from 1cr to 5 cr. We are unable to get official notification. Pls give link. arpangoenka @ gmail.com

Dear Sir ,

As i discharged gst liabilty till march 2020 as per gst rules but lots of party submit bill in the month of april to june for last year as in next year i want to change my business line from earlier line so can i still claim input credit against output liabilty of new line business as i already paid output liabilty.

Recently our FM announce increase of limit from 1cr to 5 cr for msme ( auditing ). Can somebody pls give official notification for confirmation. Pls email at arpangoenka@gmail.com

Our Hon. FM have announced of increasing threshold limit for auditing for msme from 1cr to 5 cr. We are unable to get official notification. Pls give link. my email id arpangoenka@gmail.com

Prosecutor rejects Australia’s argument International Criminal Court has no jurisdiction because Palestine is ‘not a state’

The Australian government has told the International Criminal Court it should not investigate alleged war crimes in Palestine because Palestine is “not a state”, arguing the court prosecutor’s investigation into alleged attacks on civilians, torture, attacks on hospitals, and the use of human shields, should be halted on jurisdictional grounds.

Australia was lobbied to make the submission to the court by Israel, which is not a party to the court. But the office of the prosecutor has rejected Australia’s argument, saying it had not formally challenged Palestine’s right to be a party to the court before.

Elite clubs will prey on desperate ones in the hunt for bargains as the game reels from its biggest financial hit since the 1930s

Even at the time – in 2017 – the fee Paris Saint-Germain paid Barcelona for Neymar was extraordinary: £198m was 125% more than the previous record, set a year earlier when Manchester United had signed Paul Pogba from Juventus. Transfer records simply aren’t broken by that amount in the usual run of things. It was a statement signing, a deal designed not only to land the player, but to emphasise PSG’s financial power, to highlight their status as a super-club while inflating the market to a level at which only the mega-rich could compete.

Three years on, with football suspended across the globe and major leagues desperately seeking ways to get games on to stave off financial apocalypse, the world looks very different. A model predicated on constant growth has received an abrupt shock.

When lockdown has ended, we must continue to live simpler lives to benefit both us and the planet, says Mariella Frostrup

The dilemma I know we’re in the middle of a global pandemic with the economy knackered and the free world led by a man like Trump. I know our freedom has been temporarily taken away from us. But I’m dreading the end of lockdown.

For years I’ve craved a slower pace of life. Lockdown has allowed me to spend time with my family – and not on the relentless promise of success in my career. It has allowed me to play and learn with my child, rather than rush to drop-off or pick-up at wraparound care. It has allowed me to walk in woodland rather than standing on a crowded commuter train. In many ways it has been idyllic.

Metropolitan Police Federation says No 10 is sending mixed messages and authorities needed to be ‘firmer right from the beginning’

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A body representing police officers in London has criticised the government’s pandemic response as “wishy-washy” amid concerns that the public has begun ignoring lockdown restrictions.

The Metropolitan Police Federation (MPF) said that, despite its assertions to the contrary, the government is sending out mixed messages.

A Democratic-led subcommittee overseeing federal coronavirus aid is demanding that five companies return loans the panel says should have gone to smaller businesses. The subcommittee led by Rep. James Clyburn, D-S.C., sent letters Friday to the companies as its first official action. The House voted last month to create the panel over the objections of Republicans who say it is partisan and duplicative of other oversight efforts around the federal government.

South Korea was once a Covid-19 hotspot but used technology and testing to avoid a total lockdown.

The coronavirus pandemic has brought the entire country to a complete stand-still and one of the most hit industries is Bollywood. Not just have the releases been stalled, but also the shooting schedules have been indefinitely cancelled. Bollywood Hungama has exclusively learnt that producer Sajid Nadiadwala and his studio partner; Fox Star Studios are yet to receive money from their distributors for their recently released film Baaghi 3.

“It is usually a three to four week clearance window, but since the national lockdown, the workings in the industry were halted, with cinema halls downing their shutters. The top four national multiplex chains – PVR, INOX, CINEPOLIS and Carnival – will transfer the money to the stakeholders once the business is back to normal,” revealed a source close to the development. An estimated amount due to from the National Multiplex Chains is approximately Rs. 15 crores, while the other plexes and single screens are liable to pay around Rs. 20 to 25 crores, total amounting to Rs 35 to 40 crores.

Hungama has also learnt that the producers too are not putting any pressure on the national multiplex chains as well as the independent sub-distributors in the interiors to clear their dues due to the situation of chronic cash crunch in the country. “It’s a long term association and the losses due to delay in payments will be made up for in the future slate of release for the studio. Sajid Nadiadwala, on other hand, has got enough revenue from satellite, digital and sale of theatrical rights to not just recover the budget, but also make profits,” the source explained.

Baaghi 3 released on March 6 and was doing just about average business at the box-office. However, owing to the complete closure of cinema halls a week after its release, the Studio Partner, Fox Star Studios, will lose money on the product. “Even without lockdown, the project was a loss making venture for Fox Star Studios due to the price of acquisition.”

Also Read: Tiger Shroff’s Baaghi 3 may not re-release in theatres; will release now on digital platform

Musk has been ranting about the stay-home order since the company's April 29 first-quarter earnings were released, calling the restrictions fascist and urging governments to stop taking people's freedom

May 10 is Mother's Day and like many other Bollywood celebrities, Shilpa Shetty took out time to talk about what an "incredible example of strength, dignity, ethics and love" her mother has been for her as well as her sister Shamita. "I am so grateful to God for blessing me with 'this' mother in this life, who has loved and supported me unconditionally and selflessly. She has been an incredible example of strength, dignity, ethics and love to both Shamita and me and moulded us into the individuals we are today. The moral and spiritual values that she gave us throughout our formative years make for such a beautiful gift - one that can never be repaid," said Shilpa.

Shilpa used TikTok's in-app campaign #ThanksMaa to thank her mother. She created a video using TikTok's photo template to express love for her mom on this special occasion. It features beautiful photographs of the actress along with her mother.

She also thanked her mother-in-law, "who encourages me with pride in all my endeavours", adding: "None of this would have ever been possible without your love and blessings". Meanwhile, to make the day even more memorable, cricketers David Warner, Suresh Raina and Shikhar Dhawan and actress Hansika Motwani will be going live on TikTok at 11 am on May 10.

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A Colombian advertising company is pitching a novel if morbid solution to shortages of hospital beds and coffins during the coronavirus pandemic: combine them.

ABC Displays has created a cardboard bed with metal railings that designers say can double as a casket if a patient dies. Company manager Rodolfo Gómez said he was inspired to find a way to help after watching events unfold recently in nearby Ecuador.

Families in the coastal city of Guayaquil waited with dead loved ones in their homes for days last month as COVID-19 cases surged. Many could not find or were unable to afford a wood coffin, using donated cardboard ones instead. Gómez said he plans to donate 10 of his new beds to Colombia's Amazonas department, where resources are in short supply. So far there is no indication whether the beds will be put to use and no orders have been placed.

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A 24-year-old man has been arrested for attacking two police officers and a constable, who were on nakabandi duty at Marine Drive in the early hours of Saturday.

According to the police, the Marine Drive police had set up nakabandi at the Mafatlal Bath junction, near Chowpatty on Friday night. At around 1.30 am, cops noticed a person walking with a chopper in his hand. When the police tried to stop him, he fled. The police finally apprehended him near SK Patil Udyan, near Charni Road. A scuffle ensued, and the man attacked the cops with his chopper.

The weapon used to attack the cops

Three policemen, Police Inspector Jitendra Kadam, Police Sub-inspector Sachin Shelke and Constable Sagar Shelke, were injured in the attack, and were admitted to JJ Hospital. The cops have suffered injuries to their shoulders and hands.

The accused has been identified as Karan Pradeep Nair, a resident of Silver Oak Estate in Cumballa Hill.

Sources said that Nair is a graduate in architecture, but is unemployed. He lives with his mother, a retired clerk with Air India, and a younger sister. "Initial investigations have revealed that Nair was a drug addict. He had a heated argument with his mother before leaving the house on Friday night. He was so angry that while walking out, he grabbed a chopper and told her that he would not spare anyone who came in front of him."

When contacted, Sangram Singh Nishandar, DCP (Zone 1), said, "He has been arrested, and investigations are on." Nair has been booked under Sections 307 (attempt to murder), 332 (voluntarily causing hurt to deter public servant from his duty), 324 (voluntarily causing hurt by dangerous weapons) and various sections of the IPC.

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Akash Kamble fell in love when he was a little boy. And once he set eyes on her languid, unending, lithe body, he was hooked.

His mother would take him along on the Mumbai local, from Bhayandar to Charni Road every day, so that her in-laws could babysit while she finished a day's work at her Fort office. Travelling in the train, watching it fly past through the window grill, had Kamble realise he loved trains deeply enough to work around them.

To acquire the weather beaten look of a diesel locomotive, Kamble uses candle light against the aluminium sheets

"I would observe them carefully during the commute and went on to make my first cardboard train model of a two-coach local when I was in Class VIII," says Kamble, 23, who is a mechanical engineer and holds the job of a Station Master with the Mumbai Monorail.

The rail model enthusiast thought the lockdown was the perfect opportunity to wrap up a few more models. He has, in the last five weeks, made 11 models of hi-class trains, from locomotives to local coaches.

"I first started with cardboard and foam-based train and engine models, but later moved to working with aluminium. My research involves reading about trains, their specifications and poring over their drawings. I make models of 1:35 scale, realistic and a perfect match [to the original]. The continuous involvement slowly leads to perfection," says Kamble, a resident of Ambernath, adding, "I have made a model of the most powerful green coloured WAG-9 electric locomotive and two coaches of the Garib Rath train. Besides this, one of my favourites is the diesel locomotive, a few coaches of the Mumbai local and a mail express."

He has also found the time to give finishing touches to earlier models, giving them a realistic feel. To acquire a weather beaten look of a diesel locomotive, he uses candle light against the aluminium sheets.

In 2019, Kamble joined what he calls his dream job. And, next on his agenda is to make a "replica of my employer". He has acquired drawings and technical specifications of the Mumbai Monorail and hopes to complete the project before the city chugs back to normal.

1:35
The ratio scale to which the mechanical engineer makes his models

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The Union Health Ministry said on Saturday the COVID-19 patients who were severely ill will have to test negative through RT-PCR test before being discharged from a hospital. This decision is part of the revised discharge policy issued by the government. The ministry said, "The revised discharge policy is aligned with the guidelines on the 3-tier COVID facilities and the categorisation of the patients based on clinical severity." Patients having mild, very mild and pre-symptomatic and also moderate cases of COVID-19 do not require the RT-PCR test before discharge.

'Punjab paying price'
Punjab Chief Minister Captain Amarinder Singh lashed out at the Maharashtra government, alleging that it had lied when stating that migrants working in Nanded had undergone a COVID-19 test. On reaching Punjab, 969 of them tested positive, which Singh blames on the Maha Agadhi-led Maharashtra government in which the Congress is an ally of the Shiv Sena.

When mentioned that initially Punjab contained the virus well but of late, there has been a spurt in the COVID-19 tally, he said, "Yes, there has been a spurt in the cases because of the large number of migrants who came back from Nanded and Rajasthan. Suddenly, we saw around 7,000 people entering Punjab from these states on a single day."

The CM continued, "Even though we were assured by the Maharashtra government that all the pilgrims being sent back from Nanded had been tested thrice, it turned out that they had only been screened and no testing was done. We are paying the price for their negligence."

13 CISF men test positive
In a big scare for the Central Industrial Security Force (CISF), at least 13 more personnel of the force have tested positive, out of which 10 were deployed with the Delhi Metro Rail Corporation (DMRC). Till date, 543 Central Armed Police Force (CAPF) troops have tested positive across the country.

JNU to return to classes
With restrictions easing out and shops opening, the Jawaharlal Nehru University (JNU) too is all set to restart. The students are expected to return to their classrooms between June 25 and June 30.

The new academic calendar was announced keeping in view of the pandemic and the UGC guidelines. "This academic calendar has been unanimously approved by all the Deans of Schools and Chairpersons of Special Centres," read a statement issued by JNU vice Chancellor Jagadesh Kumar.

Chat portal to help migrants
To help the migrant workers stranded in several states, the Congress, on Saturday, launched a web portal in UP, even as the political slugfest continued over rail fares of migrants being ferried by Shramik Express trains. The Congress launched the portal to help UP workers stranded in other states as well as those stuck in the state. The portal has been developed by Valuefirst free of cost.

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Deaths from dengue fever soared to nearly three times in Malaysia this year, compared to the same period in 2013, and a stepped-up campaign has been launched

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Salaries are expected to rise by 10 pct in 2017, while star performers will attract much more as companies are discernibly prioritising such employees, says a report.

State Bank of India today said it collected Rs.1,14,139 crore in deposits in last seven days after the government announced demonetisation of Rs.500 and Rs.1,000 notes.

The Indian mobile accessories market is set to explode owing to the exponential smartphone sales growth and domestic phone maker Intex aims to touch the Rs.100 crore mark.

For the first time, the smartphone market in India crossed the 30 million unit shipments milestone in the third quarter of this year, the International Data Corp (IDC) reported on Tuesday.

In a move to "democratise" artificial intelligence (AI) and making it accessible to everyone, Microsoft has teamed up with OpenAI, a non-profit AI research organisation co-founded by Elon Musk.

According to the latest reports, Air India has incurred a loss of Rs.246.14 crore for the April-June quarter.

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Small and medium-sized businesses (SMEs) requesting loans between 2007 and 2010 faced higher interest rates than for large companies. Loan conditions for SMEs included shortened maturities and increased demands for collateral, suggesting that banks considered smaller firms to be a higher risk.

Start-up rates in most countries are edging back toward their pre-crisis levels, but not all countries have seen significant acceleration in new businesses, according to a new OECD report.

Business spending on research and development has been hit hard by the economic crisis, with nearly all OECD countries seeing a fall in investment which could impact innovation and long-term growth, according to a new OECD report.

Diverging patterns of business start-up rates are emerging across OECD economies five years after the sharp, synchronized falls recorded at the beginning of the financial crisis.

Entrepreneurship and the development of Small and Medium-Sized Enterprises (SMEs) are key drivers of economic growth and job creation. The OECD review series on Boosting Local Entrepreneurship and Enterprise Creation, of which this study is a part, examines the capacity of local economies to support successful new enterprise creation and the growth of small enterprises.

Young firms play a crucial role in job creation but have missed out on many of the benefits of structural reforms of the past decade in OECD countries.

The last decade has seen considerable policy attention to the social economy and its contribution to employment, in particular as regards the inclusion and empowerment of vulnerable workers and the provision of appropriate working conditions.

The report takes a comparative look at ADB and OECD experiences, and aims to identify promising policy solutions for creating an SME base that is resilient to crisis, from a viewpoint of access to finance, and which can help drive growth and development.

The study assesses the role of feed-in tariffs (FITs) and renewable energy certificates (RECs) in creating incentives for cross-border investments and for investments in particular technological portfolios via M&A. The analysis explores the dataset on M&As in alternative energy sources worldwide over 2005-2011.

Small and medium-sized enterprises (SMEs) are fundamental for inclusive growth and jobs, but they need to broaden their sources of finance in order to reduce their vulnerability to volatile credit market developments, according to two new OECD reports.

This report responds to a request from the G20 that the IMF and OECD assess whether further work is needed on their respective approaches to measures which are both macro-prudential and capital flow measures, taking into account their individual mandates. The report was transmitted to G20 Finance Ministers and Central Bank Governors at their meeting on 16-17 April 2015 in Washington D.C.

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The report provides a description of start-up dynamics exploiting the richness of the recently collected DynEmp v.2 database. The contribution of new firms in terms of new jobs to the existing workforce can be expressed as a combination of four different elements: the start-up rate; the average size of firms at point of entry; the survival rate; and the average growth rate of survivors.