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L&T cuts 14,000 jobs in 6 months, and other big giant Company

The year 2016 has been witness to many unprecedented events, most of them dampening for business and industry in general, forcing companies to rationalise their workforce. While the year saw the...
No service charge on IRCTC’s online bookings till December 31

No service charge on IRCTC’s online bookings till December 31

The move is part of the government’s efforts to encourage cashless transactions, two weeks after it made Rs 500 and Rs 1,000 notes illegal. The Indian Railway Catering and Tourism Corporation will...

Tsunami hits Japan after strong quake near Fukushima disaster site

Magnitude 7.4 quake strikes near Japan coast early Tuesday Waves up to 1.4 m observed at Sendai before warnings lifted JMA had warned of tsunami up to 3m, towns evacuated ...

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...

RBI proposes Sharia-compliant ‘Islamic window’ in banks

The Reserve Bank of India (RBI) has proposed to open "Islamic window" in Indian banks to gradually include the Sharia-compliant interest-free banking in the country. The central government and the RBI...

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...

12 Passengers Injured As Passenger Train Derails In Rajasthan

BIKANER: Four coaches of the Bhatinda-Jodhpur passenger train derailed today, leaving a dozen passengers injured in Rajasthan's Sriganganagar district. The Bhatinda-Jodhpur passenger train derailed near Rajiyasar at around 2 AM. Around a dozen...
Indian Army

Assam: Three jawans killed, several others injured in encounter with suspected ULFA terrorists

Assam: Three jawans killed, several others injured in encounter with suspected ULFA terrorists. The encounter is still going on and the injured soldiers have been rescued from the location. The injured jawans...
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...
2000-rupees-note-after-exchange-at-bank

Don’t Use Indelible Ink in Banks: Election Commission To Finance Ministry

The government has been asked by the Election Commission to stop using indelible ink to check multiple exchanges by people at different branches after the notes ban. The election body has told...

APLICATIONS

Millionaire New York property tycoon is jailed for at least 17...

Millionaire Sammy Almahri, 45, killed 28-year-old Nadine Aburas in Cardiff The pair met on an internet dating website called MuslimMatch.com Almahri has now...

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