‘Exempt micro enterprises from GST’
Raise turnover threshold to ₹5 cr.: CIA
The Consortium of Indian Associations (CIA) has urged the Centre to increase the turnover threshold limit for micro enterprises to facilitate their exemption from the Goods and Services Tax (GST).
The second wave has wiped out more than 40% of MSMEs involved in various sectors, said CIA convenor K.E. Raghunathan, adding that the need of the hour was to save micro enterprises from the hassle and help them to survive the present crisis by increasing the turnover threshold limit to ₹5 crore for FY22.
Secondly, COVID-related materials such as hand sanitisers, masks, medicines, oxygen cylinders, medical treatments and PPE kits must be exempted from all forms of GST, both for input and output, till March 2022, Mr. Raghunathan said.
“If the above two requests are not considered, it would amount to killing the goose that lays golden eggs in one stroke,” the CIA convenor added.
Renewi Posts FY Profit
Renewi Plc (RWI.L) reported that its profit for the year ended 31 March 2021 was 11.0 million euros compared to a loss of 77.1 million euros in the prior year. Basic earnings per share from continuing operations was 1.4 cents compared to a loss of 7.7 cents in the prior year.
Revenue from continuing operations declined to 1.69 billion euros from 1.78 billion euros in the previous year.
Looking ahead, the company now expects its performance in fiscal year 2022 to be materially ahead of its previous expectations given the Group’s strong results in fiscal year 2021, particularly in the second half, and the prevailing high recyclate prices.
Genesco Turns To Profit In Q1 On Strong Sales
Specialty retailer Genesco Inc. (GCO) reported Thursday that its first-quarter net earnings were $8.88 million, compared to prior year’s net loss of $134.78 million.
Earnings per share were $0.60, compared to loss of $9.55 a year ago, and profit of $0.36 two years ago. Adjusted earnings per share were $0.79, compared to last year’s loss of $3.65, and profit of $0.33 two years ago
Net sales increased 93 percent to $538.70 million from last year’s $279.23 million. Net sales increased 9 percent over the first quarter two years ago with stores open about 90 percent of days.
Comparable direct sales increased 43 percent.
In pre-market activity on NYSE, Genesco shares were trading at $62, up 6.31 percent.
Cardinals manager Mike Shildt upset about reliever having to change hat when real cheating is going on
St. Louis Cardinals manager Mike Shildt, who has tried to keep his cool all season about the rampant cheating in baseball, vented his frustrations loud and clear Wednesday for the entire baseball world to hear.
“This is baseball’s dirty little secret,’’ Shildt said after being ejected, “and it’s the wrong time and in the wrong arena to expose it.’’
Well, it was all revealed in living color in the seventh inning of the Cardinals’ 4-0 victory against the Chicago White Sox when crew chief Joe West walked to the mound and asked Cards reliever Giovanny Gallegos to remove his cap.
Gallegos looked surprised, touched his cap, then his right forearm and told West that he simply had sunscreen on his cap.
Actor Russell Brand provides ‘more objective perspective than CNN': Huckabee
Huckabee reacts to Russell Brand criticizing censorship, media
Former Arkansas Gov. Mike Huckabee on celebrity Russell Brand, media and censorship.
Former Arkansas Gov. Mike Huckabee joined FOX Business’ "Mornings with Maria" and praised celebrity Russell Brand for his comments about censorship and media.
On his podcast, the comedian recently slammed mainstream media and Big Tech for how they handled the New York Post’s Hunter Biden reporting in 2020.
HUNTER BIDEN CONSIDERING PENNING SEQUEL TO BOOK THAT BOMBED IN SALES
MIKE HUCKABEE: Well, when Russell Brand gives you better information and a more objective perspective than CNN, you do have to scratch your head and say what has happened in this world when we depend upon Russell Brand for objectivity and for a more pure form of journalism than you're going to get at some of the major networks.
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It's just disgraceful. And I heard Joe Concha earlier today, he was spot on with the fact that ratings are tanking in many of these areas because people know that it's bull butter.
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They're no longer getting any kind of objective news coverage and they're tuning it out because why even bother?
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Opinion: Showtime documentary shows Sugar Ray Leonard, Roberto Duran, Thomas Hearns and Marvin Hagler as true ‘Kings’
If I could break down the main message of the wonderfully bold homage to boxing that is Showtime's documentary The Kings, which chronicles one of the greatest eras of boxing – really, one of the greatest eras in the history of American sports, it would be this: boxing is life, and life is boxing.
Sorry to sound like Yoda but no sport chronicles what it means to be a human being more than boxing. The highs and lows. The overcoming of pain. The victories. The work ethic that's required to achieve. The work ethic that's required beyond that to excel. The one-on-one battles, as the documentary shows, against opponents whether it's systemic racism, the perils of capitalism or moral pitfalls. Boxing is all of those things, because life is all of those things, and boxing has long been the ultimate human mirror.
It's this realization that makes The Kings so special. The documentary focuses on the battles and careers of four historic fighters: Sugar Ray Leonard, Roberto Durán, Marvin Hagler and Thomas Hearns.