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Tech

Foxconn Says Cautiously Resuming China Output, Warns Coronavirus Will Hit Revenue

Apple iPhone maker Foxconn said on Thursday it is cautiously restarting production at its main plants in China and warned revenue will be hurt this year by the coronavirus epidemic. The statement comes just days after Apple rescinded its March quarter sales guidance, saying factories in China have been slower to get back to work …

Politics

12% tax revenue growth achievable in 2020-21 fiscal: Revenue secretary

NEW DELHI: A 12 per cent growth in tax collections next fiscal may look ambitious to some but for revenue secretary Ajay Bhushan Pandey it is achievable in an economy that is projected to clock a 10 per cent nominal GDP growth. The economy slowing down to its slowest growth in 11 years together with …

Politics

New I-T structure gives option to save tax: Revenue secretary

NEW DELHI: The new lower income tax (I-T) rates offered in the Budget 2020-21 will leave more cash in the hands of those who do not wish to make compulsory investments to save tax, said revenue secretary Ajay Bhushan Pandey. In an interview with PTI, he said the Budget gives an option to individuals to …