Diggers & Dealers postponed | Business News

Concerns over COVID-19 have led to the cancellation or postponement of more events in the state, including Australia’s largest annual mining conference Diggers & Dealers, along with the Anzac Day services.

It comes after the federal government implemented a nationwide ban last week on mass gatherings of 500 or more people.

The Diggers & Dealers forum was scheduled for June at the Goldfields Arts Centre in Kalgoorlie and was expecting more than 2,000 mining delegates.

Forum chairman Jim Walker said postponing the event was the responsible action to take.

“By moving the event out of the winter period, we believe we are allowing more time for authorities to assess information and guide our decision making,” he said.

“Please be assured that we will continue to monitor the situation closely and work to recommendations made by global and local health authorities.”

WA Mining Club also announced today its functions over the next few months will be postponed, including this month’s luncheon.

CEDA said it would also postpone public events in Australia up until May 31.

Meanwhile, Anzac Day services in WA, NSW and Tasmania have been cancelled.

Around 30,000 people had attended the Anzac Day dawn service at Kings Park

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Covid-19 pandemic can deal MSMEs a serious blow: CRISIL SME Tracker

Micro, small and medium enterprises (MSMEs) in India braced themselves for a fresh bout of trouble as the outbreak (Covid-19) cast a long shadow over a much-anticipated mild recovery in the economy.

The has declared Covid-19 a pandemic, as more than 114 countries have reported cases of the affliction. This has material implications for the global economy.

The number of confirmed cases in India crossed the 100 mark on Sunday. Given the country’s dependence on global trade, short-term hiccups are to be expected, especially in sectors such as auto components, pharmaceuticals, textiles, and gems and jewellery.

Import-dependent sectors such as auto components (where SMEs have a share of 25-30 per cent) and pharma bulk drugs (where the SME share is 35-40 per cent) can withstand headwinds in the near term, given their inventory of one to two months. However, as inventories run down, the pressure will increase.

In export-dependent sectors such as apparel (SME share 25-30 per cent), leather (SME share 80-85 per cent) and ceramic tiles (SME share 50-55 per cent), exporters are hopeful of an increase in orders, including from

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Allow BS-IV vehicle registration till March 31: SIAM in a plea to SC

Auto industry body, Society of Indian Automobile Manufacturers (SIAM) has filed an application in the seeking directions to ensure that sale or registration of vehicles are allowed till the cut-off date of March 31, 2020.

This is after some state governments recently issued circulars directing that no applications for registration of vehicles be accepted on or after a certain date, which are much ahead of March 31, 2020. The cut-off dates range from February 29, 2020 to March 25, 2020 from state to state, though BS-VI Emission compliance is mandated from April 1, 2020.

“These circulars have put the customers, dealers and vehicle manufacturers in severe discomfort, as each of them is racing against time to exhaust the stocks which are with the dealers,” stated Rajan Wadhera, President,

The has directed that no BS-IV vehicle will be sold or registered from 1st April 2020. This comes at a time when automakers, particularly two-wheeler makers are already finding it tough to liquidate the stock of vehicles with the older emission technology owing to the slowdown in the economy. If anything, the outbreak

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HMRC opens pilot for digital VAT filing for SMEs ahead of April rule change

A pilot for a new online VAT service was launched today, with HM Revenue & Customs (HMRC) inviting more than half a million businesses to try it ahead of new rules coming into force in April 2019.

Making Tax Digital (MTD) for VAT will make it easier for businesses to manage their tax and will save them, and their agents, time which can instead be devoted to maximising business opportunities, encouraging growth and fostering good financial planning.

From 1 April 2019, under MTD, around 1m businesses registered for VAT with a taxable turnover above £85,000 will need to keep their VAT records digitally and file their returns using MTD-compatible software. 

The pilot opens today for around half a million businesses whose affairs are up to date and straightforward, and will extend to most other business types over the coming months. HMRC has also listened to concerns and will give a small group of customers with more complex requirements a further six months to prepare. This will ensure there is sufficient time for testing the service with them in the pilot before they are required to join. 

Mel Stride MP, Financial Secretary to the Treasury, said: “HMRC is transforming the tax

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