Posts

GST rate cut: Union Cabinet gives nod for body to guard against profiteering

Image
The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers. The Union Cabinet on Thursday approved the setting up of a National Anti-Profiteering Authority, a body with an overarching mandate to ensure that the reduction in tax rates under the new Goods and Services Tax (GST) regime gets passed on to consumers by way of lower prices. The anti-profiteering framework under the new indirect tax regime consists of the National Anti-Profiteering Authority at the top, a standing committee, screening committees in every state and Directorate General of Safeguards in the Central Board of Excise & Customs (CBEC). The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers, and empowers consumers to approach it in case of any complaint. The move comes in the backdrop of the

Algorithmic trading case: I-T department swoops on former NSE bosses, brokers

Image
The Securities and Exchange Board of India (Sebi) is also investigating the NSE algo trading case to ascertain if brokers made unfair gains in connivance with exchange officials. The Income Tax (I-T) department has searched the premises of former top officials of the National Stock Exchange (NSE), a few brokers and private technology providers in connection with an algorithmic trading case still being uncovered. The tax authority also searched the premises of the wife of a serving top official, and a research and investing firm in connection with alleged irregularities in the algorithmic trading case. The official’s wife, I-T sources said, is a director on the board of a Mumbai-based company which allegedly provided technology to a stock broking firm for unfair access during 2012-2014. Also Read|  How a split-second advantage can bring huge unfair gains at the NSE The tax searches initiated by the Delhi I-T department began on November 15 and are likely to continue for the n

UP ministers watching, BJP leader warns Muslims: vote for us or else face ‘difficulties’

Image
Two ministers in the Yogi Adityanath cabinet, Dara Singh Chauhan and Ramapati Shastri, were present on stage when Srivastava made the remarks at a public meeting in Nawabganj area on November 13. Campaigning for his wife who is contesting the civic polls in Barabanki district, a local BJP leader, Ranjeet Kumar Srivastava, warned Muslims to vote for her or face “difficulties” (kasht). Two ministers in the Yogi Adityanath cabinet, Dara Singh Chauhan and Ramapati Shastri, were present on stage when Srivastava made the remarks at a public meeting in Nawabganj area on November 13. A video of his speech is doing the rounds of social media. “Samajwadi ki sarkar nahi hai. Yahan par tum jaa kar ke DM, SP se apna kaam nahi kara sakte ho. Yahan par tumhara koi neta tumhari koi madad nahi kar sakta hai. Sadak, khadanja, naali nagar palika ka kaam hai. Doosri bhi kuch museebatein tumhare upar aa sakti hain. Aaj tumhara koi pairokar BJP ke andar nahi hai. Agar hamare sabhasadon ko tumne bagair

Footballer joins Lashkar-e-Toiba, police appeal with parents, friends: Come back home

Image
Because they all recognised the youth carrying an AK 47 — he was Majid Arshid Khan, a promising goalkeeper who, when he was not playing for the local football team, used to work for a well-known charity that provides women and child care, and medical support. Six days ago, when a young man from Anantnag town announced on   Facebook   that he was joining the militant ranks, it left many in south Kashmir stunned. Because they all recognised the youth carrying an AK 47 — he was Majid Arshid Khan, a promising goalkeeper who, when he was not playing for the local football team, used to work for a well-known charity that provides women and child care, and medical support. Police said Majid made contact with overground militant workers and was now with the Lashkar-e-Toiba. On Thursday, a day after he showed up with an AK-47 at the funeral of a militant killed in an encounter in Khund, his family, friends and police urged him to return. Muneer Ahmad Khan, Inspector General of Police, Ka

Judge who handed death to Rajiv Gandhi killers writes to Sonia: Show magnanimity

Image
Speaking to The Indian Express, Justice Thomas said there were “serious flaws” in the CBI’s investigation in the Rajiv Gandhi assassination case. The judge who headed the three-member Supreme Court bench that confirmed the punishment to the convicts in the   Rajiv Gandhi   assassination case has written a letter to the former prime minister’s wife and Congress president   Sonia Gandhi , requesting her to “show magnanimity” and convey her willingness for the remission of sentences of those who have been in jail since 1991. In the letter dated October 18, Justice (retd) K T Thomas pointed out that a decision to grant remission by the Tamil Nadu government in 2014 was opposed by the Centre — the matter is pending before the Supreme Court. “Perhaps the Union government would agree if you and Rahulji (if possible Priyankaji also) would write to the President of India conveying your willingness to grant remission to these persons who have already spent the longest period of their life i

Hardik Patel: Sex video fake… even if I was in it, can’t a 23-year-old have girlfriends?

Image
The Patidar leader says the video won’t harm his movement as he describes the Gujarat Assembly Election battle as BJP vs Hardik Patel. It was only a day after the surfacing of an alleged sex video, in which the man shown was purported to be Hardik Patel, that the Patidar leader arrived in Sarbhan village of Bharuch for a campaign with residents of 10 villages. He was put at ease immediately as women supporters welcomed him with tilak, after which he delivered a confident, 33-minute speech in which he urged voters to “overthrow the Hitlershahi BJP”. Although 23 and too young to contest, Hardik has been the target of three video campaigns and the centre of attention: TV channels kept calling him for a live debate while supporters kept inviting him to rallies. He was confident enough to launch his campaign from Sarbhan, whose 40% ST population outnumbers Patidars, “because Hardik Patel is no longer a leader only of the Patels. He is a leader of all communities.” Excerpts from an in

Sheena Bora murder case: Peter Mukerjea may have conspired, abducted her, says Indrani in court

Image
Sheena Bora murder case: On Wednesday, Indrani submitted a two-page handwritten application to the special CBI court seeking the call data records of Peter’s BPL mobile number. Indrani Mukerjea, prime accused in the Sheena Bora murder case, has claimed that she had “strong reasons to believe” that her husband Peter Mukerjea, a co-accused, “may have conspired and abducted” her daughter Sheena in 2012. This is the first time in two years since Indrani and Peter, the founders of INX Network were arrested in the murder case, that Indrani has placed the blame of the alleged disappearance of Sheena, her daughter, on Peter. On Wednesday, Indrani submitted a two-page handwritten application to the special CBI court seeking the call data records of Peter’s BPL mobile number. “I have strong reasons to believe that accused number 4, Pritam Mukerjea with the assistance of other persons including accused number 3 turned approver Shyamvar Pinturam Rai may have conspired and abducted my daught