Friday, April 25, 2014
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Sonia loses tax-free railway bonds worth 10 lakh
NEW DELHI, Apr 24 (Agencies): Amid the hustle-bustle of Lok Sabha polls, Congress chief Sonia Gandhi has disclosed loss of tax-free bonds worth Rs 10 lakh purchased from the Indian Railway Finance Corp. Gandhi, who has listed these bonds among her assets and investments in the latest election affidavit, has also requested IRFC to issue duplicate certificate for these bonds. While filing nomination for Rae Bareli seat in Uttar Pradesh on April 2, Gandhi had disclosed assets worth over Rs 9 crore. Out of them, she mentioned Rs 10 lakh worth IRFC bonds in the movable assets list. In a public announcement published in newspapers, IRFC has now said that letters of allotment/bond certificates pertaining to 86th A Series tax-free bonds have been "reported lost" by Gandhi. As many as 1000 bond...
Kashmir Times News Report
China new hub for Pak operators to smuggle FICN
NEW DELHI, Apr 21 (Agencies): In a worrying trend, central intelligence agencies have found that China has emerged as a new transit hub for Pakistan-based operators to circulate fake Indian currency which was also being routed in 'diplomatic bags' to Pakistan High Commission in Colombo and via two leading courier services. "Fake Indian Currency Notes (FICN) are being routed to Pakistan High Commission in Colombo through diplomatic bag. FICN are being routed from Pakistan to India and Nepal via China through FedEx and DHL courier in the form of parcels," according to a report of meeting of Economic Intelligence Council (EIC) headed by Finance Minister P Chidambaram. When contacted by agencies, both the companies denied use of their network for any illegal activity. "FedEx has a long his...
Kashmir Times News Report
EC seeks cancellation of tax benefits to 10 political parties
NEW DELHI, Apr 20 (Agencies): The Election Commission (EC) has sought the withdrawal of tax exemption benefits to ten political parties from the Central Board of Direct Taxes ( CBDT) on the grounds that they failed to submit their mandatory expenditure contribution reports on time to the poll body. The EC, in its latest communication, has asked the CBDT to take action against the defaulting parties under provisions of Section 29C (Declaration of donation received by the political parties) of the Representation of the People Act in consonance with IT laws. The EC has identified the ten parties as Nagrik Ekta Party, Dharamrajya Paksh, Socialist Unity Centre of India (Communist), Yuvajana Sramika Rythu Congress Party, Sunder Samaj Party, Loktantrik Manavtawadi Party, Rastriya Mahila Jansha...
Kashmir Times News Report
'J&K Bank committed to nourish entrepreneurship'
JAMMU, Apr 17: Always eager to explore employment opportunities for the youth of the state, J&K Bank has been lauded for its role as an employment generator and employment facilitator. It was with this spirit, and in view of the fact that nobody was coming forward to act as implementing agency for the project, the J&K Bank offered its services to act as Service Centre Agency for the Ministry of IT, Government of India’s CSC Project, a cornerstone of the National e-Governance Plan. Having done its bit by identifying Village Level Entrepreneurs (VLEs), extending financial assistance to them and providing infrastructure for establishment of CSC (read Khidmat Centres), Bank has assisted VLEs turn their Centres into functional service outlets. Bank also provided services like documentation of...
Kashmir Times News Report
CAG can audit accounts of telecom firms: SC
NEW DELHI, Apr 17 (Agencies): The Supreme Court today held that the Comptroller and Auditor General of India (CAG) can audit the account books of private telecom companies which share revenue with the government for using spectrum. A bench comprising justices K S Radhakrishnan and Vikramajit Sen said CAG can carry out the audit to examine whether the companies are giving proper share of their revenue to the government. The court passed the order on a batch of petitions filed by telecom companies' associations, including Association of Unified Telecom Service Providers of India (AUTSP) and Cellular Operators Association of India (COAI), challenging the Delhi High Court verdict which had given green signal for CAG audit of the firms' accounts. The apex court had on February 3 sought resp...
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