News of the week

• The Bureau of Indian Standards (BIS) likely to be attached with department of commerce
• CBIC offers more relaxations to small taxpayers for FY20
• MSMEs' long term recovery likely ahead but subdued demand, lower disposable income among key issues
• Auto-component units face 14-16% fall in revenue: CRISIL SME Tracker
• Car makers deliver over two lakh cars during festive season, post 20-30% jump in retail sales
• India eases policy to export Nitrile/NBR gloves
• Rupee falls sharply to the dollar as pandemic resurgence grips Europe