Saturday, May 27, 2017
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Shashi Tharoor files defamation suit against republic TV's Arnab Goswami
NEW DELHI, May 26 (Agencies): Tharoor confirmed the same on Facebook and Twitter in a response to a CNN News 18 story, saying that the case was filed today in the Delhi High Court. Republic and Goswami had been going at the Congressman with the latter calling out the MP on multiple occasions to respond to tapes related to the death of his wife Sunanda Pushkar that the company had in their possession. Tharoor had responded to the story earlier, calling it an "exasperating farrago of distortions, misrepresentations and outright lies being broadcast by an unprincipled showman masquerading as a journalist.” "I am angered that someone would exploit a human tragedy for personal gain and TRPs. I challenge him to prove his false claims in a court of law," the former UN diplomat had said. Ear...
Kashmir Times News Report
I-T unearths 400 benami deals, attaches Rs 600-crore properties
NEW DELHI, May 24 (Agencies): The Income Tax Department on Wednesday said it has identified over 400 benami transactions and attached properties worth Rs 600 crore in about 240 cases. Keen to implement the new Benami Act to ensure "visible outcomes on the ground", the tax department last week set up 24 dedicated Benami Prohibition Units (BPUs) all over India. The department started initiating actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 from November 1 last year. The law provides for a maximum punishment of seven years in jail and a fine. Benami property includes movable or immovable, tangible or intangible, corporeal or incorporeal property which is in name of someone other than the beneficial owner. "The Income-tax Directorates of Investigation have id...
Kashmir Times News Report
Lalu Prasad's daughter Misa Bharti under I-T scanner over alleged money laundering
NEW DELHI, May 24 (Agencies): The Income Tax department, Wednesday, issued summons to Rashtriya Janata Dal (RJD) supremo Lalu Prasad Yadav's daughter Misa Bharti in connection with the alleged land scam. The summons came a day after the Enforcement Directorate arrested Bharti's Chartered Accountant (CA) Rajesh Agarwal, in connection with the money trail scam of around Rs 8000 crore. Ms Bharti's husband Shailesh Kumar has also been summoned by the I-T department. She has been asked to appear before them on June 06. The Income Tax department had recently conducted raids at 22 locations in Delhi, Gurugram on companies and people associated with Lalu. As per sources, the raids were conducted on the charges of illegal (benami) land deals worth Rs. 1,000 crore. Senior Bihar BJP leader Sush...
Kashmir Times News Report
Cabinet approves abolition of Foreign Investment Promotion Board
NEW DELHI, May 24 (Agencies): The Union Cabinet on Wednesday approved the abolition of the 25-year-old Foreign Investment Promotion Board (FIPB), which currently vets FDI proposals requiring the government approval. Finance Minister Arun Jaitley in his Budget speech on February 1 announced scrapping of the inter-ministerial body, which comes under the finance ministry's Department of Economic Affairs. The FIPB was initially constituted under the Prime Minister's Office in the wake of economic liberalisation in the early 1990s. Currently, FDI in 11 sectors including defence and retail trading requires government approval. FIPB will be replaced by a new mechanism under which the proposals will be approved by the ministries concerned as per the standard operating procedure approved by th...
Kashmir Times News Report
Airtel, Voda, Idea caused Rs 400-cr loss to govt: Rel Jio
NEW DELHI, May 23: Reliance Jio has filed a complaint with the telecom ministry alleging that incumbents Bharti Airtel, Vodafone and Idea did not deposit requisite licence fee in March, which led to a potential loss of Rs 400 crore to the government. The Mukesh Ambani-led firm alleged that Airtel, Vodafone India and Idea Cellular, in utter violation of licence rules "unilaterally, wilfully and intentionally paid the advance license fee for last quarter" of 2016-17 on the basis of estimated adjusted gross revenue (AGR), which was much lower than "the license stipulation to pay the license fee not less than the fee paid for the third quarter". According to the complaint, Airtel paid around Rs 950 crore as the licence fee for January-March 2017. The amount, Jio alleges, was Rs 150 crore le...
Kashmir Times News Report
State's interests not protected in Vizhinjam port agreement with Adani: CAG
NEW DELHI, May 23 (Agencies): Comptroller and Auditor General (CAG) of India has observed that the Kerala's interests were not protected in the Vizhinjam port project agreement with the Adani group. CAG in its report on public sector undertakings for the year ended March 2016, tabled in the assembly today, said the technical and financial estimates prepared by external consultants were not scrutinised with due diligence resulting in inflation of cost estimates. "The interests of state government were not protected adequately while drawing up the Concession Agreement", the report said in its conclusion. Stating that standard concession period for the Rs 7525 crore PPP project was 30 years and by allowing 10 years, extra concession period in the agreement for Vizhinjam, the Concessionai...
Kashmir Times News Report
20-25 lakh jobs will be created in IT sector in 4-5 years: Ravi Shankar
NEW DELHI, May 23 (Agencies): Denying the reports of a downturn in employment in the country`s IT industry, Electronics and Information Technology Minister Ravi Shankar Prasad on Tuesday said in the coming four to five years, almost 20-25 lakh additional jobs will be created in the sector. "I completely deny and refute that there is any downturn in the employment in the IT sector. It is robust. Once the digital economy is here, you will see how much it will progress," the Minister said during an interaction with reporters at a press meet in the ministry. "Indian IT companies are spread across 200 cities and 80 countries around the world, which provide direct employment to 40 lakh people and indirect employment to almost 1.3 crore people. As the industry is moving forward, it is Nasscom`...
Kashmir Times News Report
First high-speed Mumbai-Goa Tejas Express flagged off: All you need to know
NEW DELHI, May 22 (Agencies): The much-awaited high speed, air-conditioned Tejas Express, which boasts of several ultra modern facilities onboard like LED TV and tea/coffee vending machine was flagged off from Mumbai for Goa on Monday. Tejas Express is a state of the art train capable of running at the speed of 200 kmph with ultra modern amenities run between Mumbai and Karmali (5 days a week during Non-monsoon period and 3 days a week during monsoon period). Railway Minister Suresh Prabhu flagged off Mumbai CST-Karmali Tejas Superfast as Inaugural Special from Mumbai CST on 22/05/2017 (Monday) at 15.25 hrs via Video conferencing from Swami Narayan Sabhagruh, Dadar. The train will reach Karmali at 00:35 hrs on next day. The much-awaited high speed, air-conditioned Tejas Express, which...
Kashmir Times News Report
Coal scam case Former coal secretary HC Gupta, 2 others get 2-year jail term; granted bail immediately
NEW DELHI, May 22 (Agencies): Former Coal Secretary H C Gupta and two serving senior officials were Monday awarded two-year jail term by a Delhi court for irregularities in the allocation of a coal block in Madhya Pradesh to a private firm. Besides Gupta, who was the Coal Secretary from December 31, 2005 to November 2008, then joint secretary K S Kropha and then director K C Samaria in the Coal Ministry have also been awarded two-year jail term. Soon after the pronouncement of the sentence, special CBI court granted bail to all the convicts in the case. CBI had in October 2012 lodged an FIR in the matter, but on March 27, 2014 it filed a closure report in the case. The court rejected the closure report on October 13, 2014 and summoned Gupta and others as accused. The CBI had alleged ...
Kashmir Times News Report
SC to examine whether NOIDA is a corporation under UP law
NEW DELHI May 21 (Agencies): The Supreme Court has agreed to examine a plea of the income tax department whether the North Okhla Industrial Development Authority (NOIDA) is a corporation established by the Uttar Pradesh government under the state industrial development law or not. A bench of Justices R K Aggarwal and A M Sapre has said it will look into the appeal filed by the I-T department against an order of the Allahabad High Court which held that NOIDA is a corporation established under the Act and, therefore, banks are not liable to deduct income tax at source on fixed deposits. The apex court has also refused to grant any stay on the high court direction to the I-T department and asked the banks to file their counter affidavit in four weeks. Appearing for Punjab National Bank, c...
Kashmir Times News Report
NSG likely to meet next month; slim chance of India's entry, China continues to oppose
NEW DELHI, May 21 (Agencies): The next plenary session of the Nuclear Suppliers Group (NSG) is likely to be held in Swiss capital Bern next month, but the chances of any breakthrough on India's entry into the elite group still look slim, given China's persistent opposition to it. India had officially applied for membership of the grouping which controls export of nuclear materials, equipment and technology in May last year. The matter came up for discussion at the Seoul plenary session of the NSG in June last year, but yielded little result with Beijing scuttling India's bid on the ground that it was not a signatory to the non-proliferation treaty (NPT). Ahead of the next NSG plenary session, official sources say, India has renewed its efforts to become a member of the 48-nation group ...
Kashmir Times News Report
Kapil Mishra 'exposes' Arvind Kejriwal, alleges Delhi CM involved in `hawala scam`
New Delhi, May 19 (Agencies): Suspended Aam Aadmi Party leader Kapil Mishra on Friday levelled new set of charges at Arvind Kejriwal and alleged that the Delhi Chief Minister had opposed the demonetisation move as it threatened to "derail" his "money laundering" attempts. "Why did he (Kejriwal) fiercely oppose demonetisation? Why did he travel across the country against the move? Because his men, who hoard black money, were being raided by enforcement agencies," he claimed. Addressing a press conference, Mishra claimed that the AAP had received money through `hawala network`. He also showed a PowerPoint presentation as `evidence` to support his claim that the party received funds from shell companies. Kapil alleged that Delhi-based businessman Mukesh Kumar, who claimed to have donated...
Kashmir Times News Report

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