GN Bureau | August 31, 2015
The rush to file return by the taxpayers on the last day resulted in the crashing of Income Tax site on Monday.The official website of the income tax department http://www.incometaxindiaefiling.gov.in was inaccessible on numerous occasions on the final day of filing return. As per the Central Board of Direct Taxes (CBDT), there has been an unprecedented surge in number of returns being e-filed. The salaried individuals and those persons who do not have business/professional income are required to file I-T returns in either ITR-1 or ITR-2 by every year.
India pitches for rating upgrade by S&P on strong macro data
India today pitched for rating upgrade by Standard and Poor's citing strong macroeconomic indicators, low inflation and improvement in fiscal as well as current account deficits. S&P has BBB- rating on India with stable outlook.
n his presentation to the visiting S&P officials, Chief Economic Advisor (CEA) Arvind Subramanian said that country has strong medium-term growth potential on back of persistent economic reforms which are being pursued by the government.
Sensex ends 109 points down at 26,283, Nifty closes below 8,000
The Sensex and Nifty broadly remained volatile on Monday ahead of economic data due later in the day amid concerns that the monsoon could be deficient this year. The BSE Sensex closed 109.29 points, or 0.41 per cent lower at 26,283.09. NSE Nifty closed 30.65 points, or 0.38 per cent, down at 7971.30. In the 50-share Nifty index, Cipla (3.66 per cent), Lupin (3.45 per cent) and Dr Reddy’s Laboratories (2.81 per cent) gained the most. On the other hand, share price of BHEL and Power Grid Corporation of India declined 3.64 per cent and 3.51 per cent, respectively, and stood on the bottom of the performance chart of the index.
Patidar protests: Next round of agitation from Surat tomorrow, says Hardik Patel
The next round of agitation to press for the demand for reservation to Patel community under OBC quota will kick-start tomorrow from Surat, Hardik Patel, who is leading the stir that plunged Gujarat into violence said on Monday.
Hardik, convener of the Patidar Ananmat Andolan Samiti (PAAS), who arrived at the Ahmedabad Airport from Delhi claimed that the agitation for reservation has gained support of several communities and rallies would be organised in other parts of country in the coming days.
Hardik also showed letters of various organisations who have extended their support. These include Gujjar Vikas Parishad, Kurmi-Kshatriya Mahasabha, Anjana-Chaudhari Samaj, Rashtriya Gujjar Manch etc.According to him, the total population of Patels, Gujjars and Kurmis in the country is 27 crores.
Attempt to murder charge slapped against Indrani, Sanjeev; police custody extended till September 5
Indrani Mukerjea, her former husband Sanjeev Khanna and her driver Shyam Rai were on Monday sent to police custody till September 5. Police also slapped fresh charges of attempt to murder against the three for allegedly trying to kill Indrani’s son Mikhail Bora.Earlier in the court, Indrani’s lawyer alleged that she wasn’t allowed to meet her (Indrani) despite court orders. Sanjeev Khanna’s lawyer argued that his client should be sent to judicial custody now.
Can’t have annual pension revision, says Arun Jaitley on OROP
Finance Minister Arun Jaitley today virtually ruled out annual revision of pension as demanded by agitating ex servicemen under ‘One rank, One pension’ but said government will safeguard interests of soldiers retiring at an early age through higher pensions. Annul revision in pensions do not happen anywhere in the world, he said. Jaitley said the government was committed to OROP but the “only difficulty” is the “arithmetical translation”. Ex-servicemen have been agitating for 78 days at Jantar Mantar here demanding implementation of One Rank, One Pension, including annual revision of pension.
Government to infuse Rs 947 crore in Canara Bank
Public lender Canara Bank today said the government will infuse an equity capital of Rs 947 crore in the bank. It said the board of the bank at a meeting held today approved the proposal of issuing equity shares on preferential basis to the government in lieu of the capital infusion.
To counter Beijing’s aggressive agenda in the Indian Ocean, New Delhi is seeking to create strategic bastions in Mauritius, Seychelles and Madagascar. The immediate provocation was China’s inauguration of its first overseas military base in Djibouti, in the Horn of Africa.
Just after the UP assembly election in 1996, I was among the scores of reporters waiting at Kalyan Singh’s residence, waiting to get the first inkling of the future course of the BJP. The party had secured the maximum seats – 174 out of 425 seats – but was short of the majority mark
“Company Secretaries, once known as secretaries to the board and management, have transformed themselves into key managerial and governance professionals. Today they are recognised for their importance on corporate landscape and have become gatekeepers of corporate governance,” said Ajay Tyagi,
Any good news which promises to bring about qualitative improvement in the lives of people, especially in rural India, is always welcome. It was heartening indeed to learn that every single village in the country now has access to electricity, as announced by the prime minister on April 29. This is most ce
The paved road, the few concrete houses and men on motorcycles – these are deceptive signs of development in Madralalpur village. Only a couple of weeks ago, Babu, a 47-year-old distressed farmer, had hanged himself from a babool tree. Villagers were gathered at his house as his wife, mother, sister-
Statistics has come a long way from the time when British prime minister Benjamin Disraeli observed: “There are three kinds of lies: lies, damned lies, and statistics.” Statistics is now an accredited branch of applied mathematics; statistical methods are routinely used to prove or disprove the