Sunday, May 17, 2020

The Latest: South Korea reports 13 new virus cases

The Latest: South Korea reports 13 new virus cases

The agency says 9,888 of them have recovered and that 17,660 were under tests to determine whether they've contracted the virus.

After weeks of a slowdown of new cases, South Korea's daily jump marked an average of about 30 for several days, mostly associated with nightclubs in Seoul's Itaewon entertainment district. But the daily increase marked 19 on Saturday.

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"Moving too quickly through the reopening process cancause a major setback and could require us to revert back to more restrictive measures," the statement said.

Publisher: WHIO
Date: 2020-05-17T04:12:40Z
Author: By The Associated Press
Twitter: @whiotv
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Many things are taking place:

Final Reading: Lawmakers question Scott admin's school budget proposal - VTDigger

— Finance Commissioner Adam Greshin sparked aggravation among some lawmakers with a new proposal from the administration about school budgets presented to House Ways and Means. 

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House Education Chair Rep. Kate Webb, D-Shelburne, said the idea Greshin presented would cause “chaos.” 

“The concept of sending voters back to revote budgets sounds like, instead of stabilizing, contributes to even more chaos,” Webb told Greshin during the committee meeting. “Looking at the 19 districts without budgets right now, the amount of chaos in those districts is palpable.” – Grace Elletson

Publisher: VTDigger
Date: 2020-05-15T12:00:00-04:00
Author: Grace Elletson
Twitter: @vtdigger
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County budget totals nearly $20 million | Union Daily Times

UNION COUNTY — A budget totaling nearly $20 million, delaying property tax reassessment, and the transfer of a partial tax abatement to an industry were approved by Union County Council during its May meeting this past Tuesday (May 12).

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Council voted unanimously Tuesday to approve second reading of the ordinance adopting the county budget for fiscal 2020-2021.

The budget projects general fund revenues totaling $19,753,628 including property taxes ($10,350,000), sales and other miscellaneous taxes ($130,000), fees and fines ($649,500), licenses and permits ($50,000), intergovernmental ($1,519,963), charges for services ($2,959,400), investment earnings ($100,000), miscellaneous ($492,500), and reimbursements ($286,042).

Publisher: Union Daily Times
Date: 2020-05-15T17:20 00:00
Twitter: @UnionDailyTimes
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Nirmala Sitharaman's economic package finale: All key announcements

Today's announcements by Nirmala Sitharaman was the last leg of the ₹ 20 lakh crore economic package announced by PM Narendra Modi

Publisher: _____
Date: 2020-05-17T10:47:53 05:30
Author: Nikhil Agarwal
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Quite a lot has been going on:

Govt raises MGNREGA budget; relaxes IBC, Companies Act norms to protect firms

The government had ealrier budgeted Rs60,000 crore for spend on MNREGA for FY21 Today's financial package covers decriminalization of Companies Act, improving health infra

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Publisher: _____
Date: 2020-05-17T11:46:38 05:30
Author: Dhirendra Tripathi
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Enbridge to enact pay cuts, voluntary early retirements - HoustonChronicle.com

Canadian pipeline operator Enbridge is enacting voluntary early retirements and pay cuts as part of the company's plans to cut $300 million from its budget.

The company, which has more than 1,100 employees in Houston, is asking eligible employees to voluntarily take early retirement and asking others to take severance, education leave, leaves of absence or work part-time.

Enbridge is also reducing base pay for all non-union employees, starting from the top with CEO Al Monaco taking a 15 percent pay cut and the company's executive vice presidents taking 10 percent cuts.

Publisher: HoustonChronicle.com
Date: 2020-05-13T10:00:00 00:00
Author: Sergio Chapa
Twitter: @houstonchron
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City budgets feel the pinch as COVID-19 causes cancelations, postpones events | Greeley Tribune

As the threat of the coronavirus continues, more and more events and activities across Weld County are being canceled or postponed.   

These cancelations not only impact the finances of vendors, sponsors and local businesses like hotels and restaurants, but city budgets are affected, as well.

With three of the area's main events — the Blues Jam, Greeley Stampede and Downtown Friday Fests — having been canceled or postponed this year due to the COVID-19 pandemic, Greeley, Evans and Windsor are expecting significant hits to budgets. 

Publisher: Greeley Tribune
Date: 2020-05-16T17:30:00 00:00
Author: https www facebook com tamara h sone
Twitter: @GreeleyTribune
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Taxability Of Dividend – Pre & Post Budget Analysis - Tax - India

Hon'ble Finance Minister, in her budget speech had proposed to abolish the much-abhorred dividend distribution tax "DDT" on companies/mutual fund. The Budget proposed a shift to classical system of taxing dividend in the hands of shareholders/unit holders from 1st April, 2020.

After the amendment made by the Finance Act, 2020, now dividends are taxable in the hands of the recipients. It is to be noted that the provisions of section 115-O of Income tax Act, 1961 (the Act) are applicable to the dividends declared, distributed or paid on or before 31st March 2020. Likewise, the provisions of section 115BBDA of the Act are applicable to the dividends declared, distributed or paid on or before 31st March 2020.

Author: mondaq Taxability Of Dividend Pre Post Budget Analysis Corporate Commercial Law Corporate and Company Law Shareholders Tax Income Tax Tax Authorities Tax Treaties Withholding Tax
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