Tax Structure And Its Economic Implications In India

The Indian economy has experienced a decrease of 18.3% in the economic growth in the second quarter of 2020, the outcome of which was a net growth of just 23.9%. In addition, the fact retains the ranking of India due to pandemic. India is recorded to be the third-worst affected country due to the pandemic by the outbreak of COVID-19.[1] The outbreak of the virus has adversely affected the economy of India, where the businesses were shut and natives didn’t have much of a source for generating income, not only this, the individuals spent a large portion of their savings to survive the period of lockdown and even now, when the lockdown is lifted. The money flow in the economy has come to a stagnant position.

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Pre-Packaged Deals In India

Owing to COVID-19, the Government, in an attempt to mitigate the predicaments of companies, decided to suspend the Insolvency and Bankruptcy Code, 2016. The subject of suspension of the IBC gained more impetus when clarification was issued on June 5th, 2020, as an ordinance. Section 10A, which essentially suspended the effect of Sections 7, 8, and 10 for a year, was inserted. The Coronavirus crisis has been a catalyst that led to this development, as the rationale was to protect the interests of the Micro, Small, and Medium Enterprises.

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Mental Health: Indian Scenario And The Impact Of Covid-19

Mental health, a major concern worldwide, affects a person’s thinking, mind and behavior. It includes emotional changes in human beings accompanied with psychological changes like schizophrenia, depression,etc. At every stage of life, mental health is important, be it childhood or adulthood.

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Law and COVID-19

Covid-19 a deadly virus which got detected in Wuhan, China which is in Hubei province at the end of December 2019, It came to the knowledge of W.H.O[1] in January and it was declared as a Global Pandemic by W.H.O on 30th of January 2020. According to Chinese scientists[2], the virus originated in the vet market in a bat and somehow hopped to another animal, possibly the pangolin which then passed it on to a human and now the virus is spreading from person to person without any animal intermediary. The first case of the coronavirus in India came to light on 30th January in the state of Kerala.

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