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5 get anticipatory bail after denying job to Muslim man
MUMBAI, May 27 (Agencies): A sessions court has granted interim relief from arrest to five persons including directors of Hari Krishna Exports, the diamond export firm which denied employment to a young MBA graduate for being a Muslim. Directors Bhaskar Shantilal Joshi, Mahindra Deshmukh, Ghanshyam Dholakiya and Hasmukh Dholakiya, and Deepika Tikke, a trainee in the firm's HR department who wrote the letter to Zeeshan Ali approached the sessions court seeking anticipatory bail. Khan had applied for an opening in the company on May 19 and, according to him, he received a response within 15 minutes which said they hired only non-Muslim candidates. The issue drew widespread condemnation following which Maharashtra Chief Minister Devendra Fadnavis ordered a probe and the city police regist...
Kashmir Times News Report
Manmohan Singh warned of 'harm' if I didn't cooperate in 2G Case: Former TRAI Chief
NEW DELHI, May 26 (Agencies): Yet another book has come out damming the previous UPA government with former TRAI Chairman Pradip Baijal alleging that the then Prime Minister Manmohan Singh had warned him of harm if he did not cooperate on 2G telecom licenses. An accused in the 2G spectrum allocation scam case, he also claimed that the CBI wanted him to "implicate" Arun Shourie and Ratan Tata in the case. In his self-published book, The Complete Story of Indian Reforms: 2G, Power and Private Enterprise - A Practitioner's Diary, Baijal, who was appointed head of the telecom watchdog by the NDA government in 2003, said the 2G scam trail began under UPA's Telecom Minister Dayanidhi Maran regime. "They (CBI) had warned me in each case that I would be harmed if I didn't cooperate. Incidental...
Kashmir Times News Report
5 Indians named by Switzerland in list of A/C holders
BERNE, May 26 (Agencies): Industrialist Yash Birla, as also two Mumbai-based individuals behind City Limousines scam, are among five Indian nationals with Swiss bank accounts whose names have been made public in Switzerland's official gazette with regard to ongoing tax probes against them in India. The other two are Gurjit Singh Kochar, son-in-law of late realty baron Ponty Chadha, and a Delhi-based businesswoman Ritika Sharma. The names of these five "Indian nationals" have been made public in Switzerland's Federal Gazette with regard to details sought about them by the Indian authorities. Among these, some details have already been shared by the Swiss Federal Tax Administration (FTA) with India including about Birla and Sharma of Blessings Apparel. These are in addition to the two o...
Kashmir Times News Report
Squeeze parallel economy in a fair manner: FM to taxmen
NEW DELHI, May 25 (Agencies): Finance Minister Arun Jaitley today hinted at coming out with more steps on squeezing black money but assured honest taxpayers that they need not fear the new law to unearth unaccounted wealth stashed abroad. He also said that if the tax base and collection rise, then the government's ability to give concessions in terms of rates to honest taxpayers will also go up. "The parallel economy has to be squeezed...And (it) has to be done in a very fair manner, not in a harsh manner. In doing so, as senior officers you have to maintain the highest standards of integrity," he said addressing a conference of top officials of the Central Board of Direct Taxes (CBDT). On the new black money law which seeks to bring back the illicit funds stashed abroad, Jaitley said,...
Kashmir Times News Report
Zero marks to Modi govt on job creation, worrying signs in economy: Chidambaram
NEW DELHI, May 24 (Agencies): Former Finance Minister P Chidambaram today gave zero marks to the Modi government on the issue of job creation, faulted it for not carrying out major reforms despite adequate numbers in the Lok Sabha and spoke of worrying signs in the economy. The senior Congress leader also took a jibe at Finance Minister Arun Jaitley, saying tax terrorism coined by him has "come to haunt him" now in the backdrop of tax notices to FIIs regarding Minimum Alternate Tax. Seeking to puncture the celebratory mood of the Narendra Modi dispensation over completing one year in office, Chidambaram suggested that the tenure so far was a missed opportunity as it failed to carry out reforms despite the ruling BJP securing majority on its own. "Why did you put Direct Taxes Code on th...
Kashmir Times News Report
No 'Big Bang' investment in first year of Modi-led govt: CII
NEW DELHI, May 24 (Agencies): As Narendra Modi government celebrates one year in office, industry body CII has said there has been no big-bang investments in the first year and issues on ease of doing business still need to be addressed. Stating that investments will gradually come in, CII President Sumit Mazumder termed as "ambitious" the government's aim of notching up the country's ranking to 50 on the World Bank's ease of doing business index. In an interview to agencies on the one-year performance of the Modi government, Mazumder said: "What has not shown is, no big bang investments have come on the ground. But that will take time. "I would much rather see the government do a slow and gradual growth, scaled up gradually where all the structural issues are in place. How long it wil...
Kashmir Times News Report
Court grants bail to Naveen Jindal, Koda
NEW DELHI, May 22 (Agencies): Congress leader and industrialist Naveen Jindal, former Jharkhand Chief Minister Madhu Koda, ex -Minister of State for Coal Dasari Narayan Rao and seven others were today granted bail by a special court which asked them not to tamper with evidence or influence witnesses. The court granted them the relief after they appeared before it and sought bail on the ground that they have joined the investigation and there was no apprehension that they would flee from justice. Apart from Jindal, Rao and Koda, the court granted bail to former coal Secretary Harish Chandra Gupta and six others on furnishing of a personal bond of Rs one lakh each and a surety of like amount. Special CBI Judge Bharat Parashar directed the accused not to leave the country without the cour...
Kashmir Times News Report
66% businesses believe some form of bribery acceptable: Survey
MUMBAI, May 21 (Agencies): A whopping 66 per cent of businesses in the country believe that some form of bribery is acceptable, in spite of increased regulatory actions and public outcry against corruption, according to a survey. As many as 80 per cent believe that corruption is still widespread, with 52 per cent saying offering gifts to win businesses is "justifiable to help a business survive", while 27 per cent justify cash payments, the survey on fraud and corruption by Ernst & Young said. Interestingly, 35 per cent of respondents also believe that "conformity to their organisation's anti-bribery and anti-corruption policies would harm their competitiveness in the market". "As many as 80 per cent of respondents state that corruption is widespread in the country, while 66 per cent s...
Kashmir Times News Report
Company denies job to MBA graduate, says we hire only non-Muslims
MUMBAI, May 21 (Agencies): In a case of alleged religious discrimination, a young MBA graduate was declined employment in a diamond export company for being a Muslim, prompting the National Commission for Minorities to seek an explanation from the business house. The alleged incident also drew criticism from the Centre's BJP-led government, which said religious discrimination cannot be allowed. Management graduate Zeshan Ali Khan had applied for an opening in the company on May 19 and, according to him, he received a response within 15 minutes which said they hired only non-Muslim candidates. "Thanks for your application. We regret to inform you that we hire only non-Muslim candidates," the company said in response to his application. "I was looking for a job, I came to know about a r...
Kashmir Times News Report
 
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