SAMSUNG ELECTRONICS ASKED TO FOLLOW RULES ON EMPLOYMENT RESTRICTION

Highlights –

• Samsung Electronics asked to follow rules on employment restriction.
• Samsung Group’s independent compliance committee recommended the same.
• Lee is currently serving a 2 1/2-year prison term for bribing then-Presiden...

SAMSUNG ELECTRONICS VICE CHAIRMAN SENTENCED TO 2 ½ YEARS IN PRISON FOR BRIBERY CASE

Highlights –

• Samsung Electronics Vice Chairman sentenced to 2 ½ years in prison for bribery case.
• The Seoul High Court gave Lee Jae Yong the sentence order.
• In February 2017 Lee was charged with giving 29.8 billion won (US$27.4...

SMALL BUSINESSES TO BENEFIT FROM GST COUNCIL’S DECISION TO SLASH INTEREST RATES

Highlights

• Finance Minister Nirmala Sitharaman said those businesses that haven’t  filed returns for the month of February, March and April won’t be liable for any interest till July 6

• After July 6, all the small businesses will have to pay inter...