Day: May 2, 2020

Japan Starts Remdesivir Approval; Singapore Easing: Virus Update

(Bloomberg) —

The U.S. Food and Drug Administration cleared Gilead Sciences Inc.’s experimental antiviral drug, remdesivir, for emergency use and Japan began a special approval process for the treatment. It’s the first medication backed by early clinical data to be made available to fight the disease.

China reported 20 asymptomatic infections while South Korea said it had six new cases, all of which were imported. A small Indonesian village was locked down after 1,200 blood tests showed more than a third of the people may have contracted the virus.

Hubei province, the epicenter of China’s outbreak, will lower its emergency

Coronavirus lockdown effect: Govt defers release of April GST collection data

No date has yet been decided to release this data, they said. “The government will wait till May 5 before announcing the collections,” a source said.

The government on Friday deferred the release of April GST revenue collection data as the ongoing lockdown and extended return filing deadline led to lower mop-up during the month, sources said. The government had in March extended the deadline to file GST returns for entities with turnover of over Rs 5 crore by 15 days from the due date without payment of any late fee, interest and penalty. However, a reduced rate of 9

Amazon, Flipkart, other e-tailers allowed to sell non-essentials in orange, green zones

E-commerce firms have been urging the government to allow sale of non-essentials like smartphones, electronic and stationary items.

E-commerce companies such as Amazon, Flipkart and Snapdeal will now be able to sell non-essential items in parts of the country other than those designated as red zones. The ministry of home affairs (MHA) in a notification issued on Friday said “e-commerce activities, in the Red Zones, are permitted only in respect of essential goods”.

“On a plain reading of Para 10 read with Para 7 (ii)(e) of the MHA notification, it is clear that e-commerce activities are now permitted in