Day: June 13, 2020

Boeing (BA) Stock Probably Rallied Too Far, Too Fast

Despite the ongoing 737 Max issues and a decimated customer base, Boeing (BA) has already rallied back to $200 from below $90. Sure, the stock has a 52-week high near $400, but the airline no longer has any new commercial passenger jet orders after seeing their backlog as constrained due to production limits.

Boeing has borrowed the money to survive the near global shutdown of air travel, but the company has a very weak customer base here. Without a substantial rebound in passenger travel, the aircraft manufacturer could see the backlog plunge in coming quarters in a negative

GST on company directors’ pay: CBIC brings income tax into mix; GST levy will depend on this TDS rule

The CBIC on 10 June 2020 issued a Circular clarifying that Director’s remuneration shall be taxable only to the extent the remuneration is outside the terms of employment.

The Central Board of Indirect Taxes & Customs (‘CBIC’) has finally put to rest the huge hustle created by the contrary rulings of Advance Ruling Authorities (‘ARA’) on the levy of GST on remuneration paid to Directors of a company.  The CBIC on 10 June 2020 issued a Circular clarifying that Director’s remuneration shall be taxable only to the extent the remuneration is outside the terms of employment.  Any amount paid in

IIT-Kharagpur researchers develop AI-based system to track social distancing

The system has been successfully tested. (Representative image)

A group of researchers at IIT-Kharagpur has developed a cyber-physical system based on artificial intelligence for monitoring social distancing in public places, an official said on Saturday. The team, under the leadership of professor Debashish Chakravarty and professor Aditya Bandopadhyay, has engineered a low-cost device which can detect the gap between individuals, a spokesperson of IIT-KGP said.

“The device will play a proximity alert sound through audio output, whenever any violation of the social distancing norms occurs. It captures images of the field view and computes the distance as per criteria set