Fearing tighter US visa regime, Indian IT firms like Infosys, TCS rush to hire, acquire

Fearing tighter US visa regime, Indian IT firms like Infosys, TCS rush to hire,...

BENGALURU: Anticipating a more protectionist U.S. technology visa programme under a Donald Trump administration, India's $150 billion IT services sector will speed up acquisitions in the United States and recruit more...
OIC Meet

OIC meet: India accused of using Indus Waters Treaty, Kashmir as weapons against Pakistan

  The Orga nisation of Islamic Cooperation (OIC) describes itself as the "second largest inter-governmental organisation after the United Nations" with a membership of 57 states across four continents. It claims to be...
Delhi Police challans

Delhi Police challans over 500 vehicles for not having Pollution Under Control certificate

Delhi Transport Department and police have been directed not to allow entry of overloaded trucks and non-destined trucks in the city entering from Rajasthan, UP, Haryana and other states with immediate...
Don’t allow account misuse, government warns housewives, artisans NEW DELHI: The government cautioned on Friday that the misuse of accounts of housewives, artisans and workers or Jan Dhan accounts to convert black money into new denomination notes would invite prosecution under the Income Tax Act and would be subject to tax and penalty. A statement issued by the finance ministry said, "A person who allows his or her account to be misused for this purpose can be prosecuted for abetment under the Income Tax Act." Such tax evasion activities can be made subject to income tax scrutiny and a penalty will be imposed if it is established that the amount deposited was not of the account holder, it added. The statement, however, clarified that genuine persons having their household savings in cash and depositing the same in banks would not be questioned. The government had earlier announced that common citizens would not be harassed for any deposit up to Rs 2.5 lakh in their bank accounts. "There are some reports that people are using other persons' bank accounts to convert their black money into new denomination notes," it said. The clarification was issued after the finance ministry received intelligence reports that rewards were being offered to account holders who allowed their accounts to be misused. "This activity is reported in case of Jan Dhan accounts also," the statement said. The government urged citizens to help the government in its drive to curb black money and asked them to inform the I-T department if such illegal activities came to their notice, promising that immediate action would be taken against any illegal transfer of cash. "Black money is a crime against humanity. We urge every conscientious citizen to join the government in eradicating it," it said. A notification issued by the Central Board of Direct Taxes (CBDT) said all cash deposits between November 9 and December 30 — the window to deposit demonetised currency notes — should be reported by January 31. The requirement for banks to report cash deposits in current accounts is Rs 12.50 lakh, in one or more current accounts of a person.

Don’t Allow Account Misuse, Government Warns Housewives, Artisans

NEW DELHI: The government cautioned on Friday that the misuse of accounts of housewives, artisans and workers or Jan Dhan accounts to convert black money into new denomination notes would invite...

Modi tells BJP MPs, MLAs to submit bank transaction details

New Delhi, Nov 29 (IANS) Prime Minister Narendra Modi has told all BJP MPs and MLAs to provide details of their bank transactions between November 8 and December 31, informed sources...
paytm

Paytm App Gets a Security Layer to Keep Your Wallet Safe

After the demonetisation of Rs. 500 and Rs. 1000 notes, wallet companies have been seeing a huge surge in signups, and a number of people have started to worry about the...

Now, Indian Railways to go cashless. And paperless, RAILWAY’S DIGITAL MAKEOVER

Indian Railways' ticketing system may soon go cashless and paperless. If the railways have its ways, it will soon begin selling unreserved tickets through digital wallets like PayTM, JioMoney and Airtel...

Modi govt pays Rs 5,000 compensation to train accident victims in banned currency

Kanpur, November 20: More than 100 people died while over 200 were injured in the tragic accident that took place near Kanpur in Uttar Pradesh due to the derailment of 14...
6-year-old's powerful response to someone calling her brother 'weird'

The internet is celebrating this 6-year-old’s powerful response to someone calling her brother ‘weird’

LONDON — When a girl at school told 6-year-old Lex that her autistic brother Frank was weird, she was left feeling upset and confused. When Lex tried to explain that her older...

Watch: Man gets Rs 20,000 in 10 rupee coins from Delhi bank

As the entire nation is facing a cash crunch after Prime Minister Narendra Modi’s surgical strike on black money, a man in the national capital managed to withdraw Rs 20,000, but...

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CONCRETE CLEANING CHEMICAL

No matter where you are, your concrete takes a lot of abuse.Big victims of such abuse are concrete pavements, parking lots or your common...

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