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COVID-19: NASSCOM representation to the PF Authorities seeking relaxation from PF contribution time limit

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In the wake of Covid-19 situation and Government announcing lock downs, NASSCOM recently made a representation to the Employee Provident Fund Organization (EPFO), highlighting the need to relax the current statutory time limit for making PF contribution by a month. Given the current situation, many organizations are facing challenges in meeting statutory deadlines PF, ESIC, GST etc., due to several operational and logistical issues, including small and mid-size companies, and start-ups. The Employee State Insurance Corporation (ESIC) vide notification (No. P-11/14/Misc./1/2019-Rev) dated 16.03.2020, also previously relaxed the time limit for making the statutory contribution towards ESIC for the month of February 2020 and March 2020, by a month. In our representation, we have suggested EPF...

A guide to maintaining your A-game while working remotely

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Thanks to technology, working remotely is not just viable, it is thriving. A large part of the world’s population has shifted from cubicles and workstations to working from the comfort of their homes in the last decade. But, the most pertinent question with this change in trend is – does working remotely help employees be productive? Yes, with the right systems in place, it does. In the wake of a pandemic like Coronavirus (COVID-19), working from home has become more than a lucrative option. It is now our moral duty, for the safety of our loved ones, to avoid travel, practice social distancing and stay indoors as much as possible. In the last couple of years, BODians have championed working from home while operating from different cities and different time zones. If you or your organ...

TechVoice: Business Continuity – Resetting the Way We Work

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  There are moments in time, where singularly pervasive events have redefined everything we once took for granted—for instance, getting up, getting dressed, and going to work. In the last few weeks, the core concepts of going to work and how we work have changed. While remote working is not new, the focus it’s receiving now, not just in India but globally, is unprecedented. What’s interesting is that we are witnessing business and government leaders taking bold decisions to enable work from home, something that seemed outlandish just a few weeks ago. In India, the Department of Telecommunications relaxed regulations for IT service providers, to allow employees to work from home. The Central Government ordered 50 percent of its employees to work from home; the Assam Government instruct...

COVID-19 Update: Summary of relief measures announced by Finance Minister

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Amidst the disruption caused by global pandemic, the government announced slew of measures to provide relief to the taxpayers/ corporate in the form of extension of due dates of various compliances under various Indian laws. Summary of measures announced are summarized below: Income Tax: Particulars Due Date Relief announced Income Tax returns for Financial Year (FY) 2018-19 March 31, 2020 June 30, 2020 Aadhar-PAN linking March 31, 2020 June 30, 2020 Vivad se Vishwas scheme No additional 10% amount, if payment made by March 30, 2020. No additional 10% amount, if payment made by June 30, 2020. Issue of notice, intimation, notification, approval order, sanction order, filing of appeal, furnishing of return, statements, applications, reports or any other documents Completion of proceedings by...

#TechFightsCOVID19: Contact-less Hand Hygiene Powered By IoT

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As the world learns more about the Coronavirus and its rapid spread, one of the most crucial pieces of information is the importance of hand hygiene, given as to how rapidly this virus can get transmitted via hands. The WHO and several other medical organisations worldover have been emphasising on maintaining hand hygiene. Several celebrities and business leaders too are doing their bit by promoting this practice by embarking on the “Safe Hands Challenge”. The underlying rule is – wash your hands for 20 seconds atleast. This involves vigourous scrubbing of the palms, nails, fingers – as the lipid substance in the soap is known to break the protein surface of the coronavirus, rendering it weak and prone to destruction. However, it was not too long ago that the reality of an impending water ...

COVID-19 and its impact on Indian economy

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With the number of COVID-19 cases leaning dangerously more than 200,000 and the worldwide death toll crossing more than 8,000, the World Health Organization (WHO) declared the virus outbreak a pandemic in the second week of March 2020, four months after the novel virus first made headlines. Nearly 162 countries are steadily going into lockdown, and businesses across the globe are operating in fear of an impending collapse of global financial markets. This situation, clubbed with sluggish economic growth in the previous year, especially in a developing country like India, is leading to extremely volatile market conditions. Let’s understand how the coronavirus is impacting business and subsequent tax reforms in India. With rising unemployment, interest rates, and fiscal deficit, the ec...

How IT industries are tackling the current scenario of COVID-19 Crisis to remain productive?

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WHO declared COVID-19 as a Pandemic on 12th March 2020. As of now, to date, the casualties reported worldwide are more than 8,000 with over 200,000+ cases. According to the data gathered from and by many reliable sources, the major hit is taken by countries like China, Italy, Iran, Spain, the USA, UK, etc. Most of them are facing a lock-down situation like Italy. It is clearly visible that some of the world’s biggest markets have been affected by the COVID-19 crisis. And some of them are known as the technology giant in the world. So, now you know the current scenario of the world’s market. But, even a month before that, everyone around the world has got some idea about how devastating the situation is going to become in the upcoming days. Not only the individuals but many businesses from ...

Is FINTECH Immune to Corona Virus?

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As there is a lot of hustle and bustle around the world due to Covid-19 or commonly called as Corona Virus spread across, people are having second thoughts about reaching for cash. The coronavirus outbreak has impacted both financial markets and consumer sentiments; and with the ongoing liquidity concerns and lockdown situations it seems there’s more trouble brewing for financial institutions and FINTECH technology. Over the past few weeks, it is made very clear that there is major trend shift due to corona virus hit, which impacted investment in Fintech firms while also driving some digital banking usage. Let’s see how it is bane for the economy and different countries. As we already know international flights have been cancelled, and no more travel related payments would be made, so the ...

#TechFightsCOVID19: How Teleconsultation & AI Is Helping Doctors Assess More Patients Without Risk of Exposure

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Coronavirus, which is causing the deadly COVID19, has affected more than 300,000 individuals and caused the death of more than 13,000 already. Declared a pandemic by WHO, this highly virulent and potent strain doesn’t seem to show visible signs of slowing down. Even as healthcare systems in nations like Italy, Iran, UK and USA are reeling under the strain of patient care, some other nations have managed to atleast catch up with the curve, if not move ahead of it and are pulling all stops to ensure this virus doesn’t affect more people. MyGov.in recently announced the COVID19 Solution Challenge, calling all innovators to present their innovative technology solutions that can help in the fight against COVID19. NASSCOM Center of Excellence IoT & AI is working closely with MyGov to identif...

Industry Disruption: COVID-19 Shows Imperative for Transformation

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COVID-19 is presenting us with many challenges, both personal and professional, and its impact is likely to have levels of permanence we are just on the front end of understanding.  Setting health and medical considerations aside for a moment, this industry disruption is starkly pointing out that the gap is growing between those leading the charge with digital transformation and those who approach it more reactively and slowly. This isn’t some rah-rah sentiment about the need to buy more software, investigate new technologies or embrace the importance of data.  It’s about leadership in the face of inevitable, continued industry disruption.  It’s a reflection of what is happening in the market as companies of every size determine if they have the vision, courage, and humility to transform t...