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Demonetisation done without thinking about consequence: Nobel laureate Amartya Sen

Demonetisation done without thinking about consequence: Nobel laureate Amartya Sen

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Nobel laureate Amartya Sen today said he felt the demonetisation decision was taken hurriedly without thinking about its consequence. “I don’t think that this (demonetisation) decision was taken after considering all sides. It was taken hurriedly without thinking of consequences,” he told media persons here.

Amartya Sen. AFPAmartya Sen. AFP

Amartya Sen. AFP

“So far economics is concerned I find no reasoning behind this decision. It will have adverse effect,” Sen said.

The Nobel laureate, who chairs Pratichi Trust, which works in the areas of health and education with special emphasis on gender equality, said implementation of midday meal project is not up to the mark in West Bengal.

“This project is very successful in Tamil Nadu, partly in Uttar Pradesh and other states. But in West Bengal the performance is average,” he said after attending a programme of the trust here.

First Published On : Dec 31, 2016 13:37 IST

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LIVE New Zealand Vs Bangladesh Live Score

NZ vs BAN | Dec 31st, 2016

NZ 239 2 41.2

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British police say George Michael autopsy inconclusive, more tests needed | Reuters

British police say George Michael autopsy inconclusive, more tests needed | Reuters

Dec 30, 2016 21:32 IST

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LONDON The cause of singer George Michael’s death this week is unclear after an initial autopsy and more tests are needed, British police said on Friday.British singer Michael, who became one of the pop idols of the 1980s with Wham! and then forged a career as a successful solo artist, died at his home in southern England on Sunday. He was 53.”A post mortem examination was carried out yesterday as part of the investigation into the death of George Michael,” Thames Valley police said.

“The cause of death is inconclusive and further tests will now be carried out. The results of these tests are unlikely to be known for several weeks,” they added in a statement.British police had said that Michael’s death was “unexplained but not suspicious”. Michael’s manager, Michael Lippman, said he had died of heart failure.

In the mid-1980s, “Wham! were one of the most successful pop duos with singles such as “”Wake Me Up Before You Go-Go”, “”Careless Whisper”, ““Last Christmas” and ““The Edge of Heaven”.

(Reporting by Guy Faulconbridge; Editing by Stephen Addison and Alison Williams)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Dec 30, 2016 21:32 IST

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Pune bakery fire: Six workers killed in Kondhwa’s ‘Cakes and Bakes’; fire contained

Pune bakery fire: Six workers killed in Kondhwa’s ‘Cakes and Bakes’; fire contained

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Six people died in a fire that broke out in a Pune bakery early morning on Friday, reports said.

According to DNA, the incident took place in a Cakes and Bakes outlet near Talab company in Kondhwa Khurd locality of the city. Six employees working in the bakery were charred to death, it said.

Though the exact reason for the fire is not known, according to MaharashtraToday.in report, a short circuit is reportedly believed to have caused the fire. “The bakery was locked from outside and so the workers got trapped inside and died in the fire,” it said.

A video shared by YouTube shows the fire spreading to nearby shops. Firstpost, however, couldn’t independently verify the authenticity of the video.

First Published On : Dec 30, 2016 09:45 IST

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LIVE Australia Vs Pakistan Live Score

AUS vs PAK | Dec 26th, 2016

PAK 91 5 31.0

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LIVE South Africa Vs Sri Lanka Live Score

SA vs SL | Dec 26th, 2016

SL 240 5 83.0

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OVERS

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Chilean Navy sailors accused of secretly filming female crewmates | Reuters

Chilean Navy sailors accused of secretly filming female crewmates | Reuters

Dec 29, 2016 23:16 IST

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SANTIAGO Chilean authorities said on Thursday they are investigating allegations that female sailors were secretly videotaped in their quarters on a naval vessel and that those images were then shared via social media by other crew members.The Navy detained the sailors accused of secretly recording their female counterparts. It said “it roundly rejects these types of actions that insult our personnel and we reiterate our respect for the privacy of those that form part of the institution.”Chile’s Defense Minister Jose Antonio Gomez said that sanction for these actions would “set an example.”After receiving a complaint from a sailor who had seen the recordings of the women shared on a WhatsApp group, Chile’s naval prosecutor opened an investigation into at least nine seamen, the Estrella de Valparaiso newspaper reported on Thursday. Other local media said eight sailor are being investigated.According to the paper, investigators found “elaborate and complex technical [filming] apparatus” in various strategic locations on the ship.

“If it’s true what happened on the frigate Lynch it is unacceptable,” Chilean President Michelle Bachelet wrote on Twitter.”Let’s end all forms of violence against women!”

Earlier in December, a Chilean business leader sparked a social media storm and criticism by Bachelet for presenting the nation’s economy minister with an inflatable sex doll as a gift at an industry dinner.Despite being South America’s most prosperous nation by most measures, Chile is more socially conservative than many of its neighbors and traditional gender attitudes persist.

Abortion is illegal in all circumstances, divorce was only legalized in 2006, and women’s participation in the labor market remains low. (Reporting by Gram Slattery; Editing by Anthony Esposito and Andrea Ricci)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Dec 29, 2016 23:16 IST

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LIVE Australia Vs Pakistan Live Score

AUS vs PAK | Dec 26th, 2016

AUS 465 6 113.5

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LIVE South Africa Vs Sri Lanka Live Score

SA vs SL | Dec 26th, 2016

SL 240 5 83.0

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Tata Sons asks Cyrus Mistry to return all confidential information | Reuters

Tata Sons asks Cyrus Mistry to return all confidential information | Reuters

Dec 29, 2016 20:20 IST

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MUMBAI Tata Sons demanded former chairman Cyrus Mistry return all confidential information and documents regarding the company in his possession, in its second legal notice in as many days.The letter, sent by Tata Sons’ lawyers, further demanded that Mistry sign a letter pledging not to disclose any confidential information regarding the company, including to affiliates, relatives and family members.”We have credible information that you have wrongfully and dishonestly taken movable property being confidential information,” said the letter, a copy of which was seen by Reuters.

The notice comes after Tata Sons, the holding firm for the $100 billion Tata conglomerate, on Tuesday accused Mistry of breaching confidentiality rules, and said it would take legal action against him.

(Reporting by Rafael Nam)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Dec 29, 2016 20:20 IST

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LIVE Australia Vs Pakistan Live Score

AUS vs PAK | Dec 26th, 2016

AUS 465 6 113.5

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WKTS

OVERS

LIVE South Africa Vs Sri Lanka Live Score

SA vs SL | Dec 26th, 2016

SL 240 5 83.0

RUNS

WKTS

OVERS

LIVE New Zealand Vs Bangladesh Live Score

NZ vs BAN | Dec 29th, 2016

BAN 184 10 42.4

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Kanpur train accident: Here’s a list of rail mishaps across India in 2016

Kanpur train accident: Here’s a list of rail mishaps across India in 2016

In what came as another blow to Railway Minister Suresh Prabhu’s efforts to modernise and improve India’s railway system, 15 coaches of the Ajmer-Sealdah Express derailed near Rura — near Kanpur — on Wednesday. The coaches included 13 sleeper coaches and two general coaches.

The incident took place reportedly at 5.22 am as the train was crossing a bridge over a dry canal in the area.

Forty-four people were injured in the accident apart from the deceased.

Unfortunately, however, for Prabhu and his ministry, this is the latest in a series of train accidents that have occurred all over India in 2016:

The railway minister, along with the Indian public at large, will be hoping that 2017 proves to be a much safer year for rail transport in the country.

First Published On : Dec 28, 2016 17:32 IST

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LIVE Australia Vs Pakistan Live Score

AUS vs PAK | Dec 26th, 2016

AUS 278 2 58.0

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LIVE South Africa Vs Sri Lanka Live Score

SA vs SL | Dec 26th, 2016

SA 132 1 36.1

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Scarlett Johansson is 2016 top-grossing movie star | Reuters

Scarlett Johansson is 2016 top-grossing movie star | Reuters

Dec 27, 2016 23:05 IST

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NEW YORK Scarlett Johansson was named the top-grossing actor of 2016 on Tuesday thanks to her roles in superhero movie “Captain America: Civil War” and Hollywood satire “Hail Caesar.”Forbes said Johansson just edged out her “Captain America” co-stars Chris Evans and Robert Downey with box-office earnings of her second 2016 movie, “Hail Caesar.”Johansson’s movies grossed a leading $1.2 billion at the worldwide box office this year, compared with $1.15 billion for “Captain America: Civil War.”Released in May and featuring a conflict between Marvel comic book heroes like Iron Man, Spider-Man, Black Widow and Ant Man, Walt Disney Co’s “Captain America” was the biggest earner worldwide in 2016, according to data from Boxofficemojo.com.Australian actress Margot Robbie, who enjoyed a break-out year, placed fourth with $1.1 billion thanks to roles in two Warner Bros movies “Suicide Squad” and “The Legend of Tarzan.”

The Forbes list was dominated by superhero and comic book movies, including “Batman v. Superman: Dawn of Justice” and “Deadpool.”

Britain’s Felicity Jones entered the Forbes list for the first time, with roles in “Rogue One: A Star Wars Story,” thriller “Inferno” and magical children’s story “A Monster Calls.” Jones came in ninth place with $805 million.Forbes made its calculations based on global ticket sales from the films of top Hollywood actors, but it did not count animated movies such as Disney’s “Finding Dory,” the second biggest release of 2016 with $1.02 billion.

(Reporting by Jill Serjeant; Editing by Richard Chang)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Dec 27, 2016 23:05 IST

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LIVE Australia Vs Pakistan Live Score

AUS vs PAK | Dec 26th, 2016

PAK 310 6 101.2

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LIVE South Africa Vs Sri Lanka Live Score

SA vs SL | Dec 26th, 2016

SL 181 7 57.0

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2016 in review: Do you have what it takes to go for this really really really difficult Firstpost quiz?

2016 in review: Do you have what it takes to go for this really really really difficult Firstpost quiz?

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From Modi’s demonetisation politics to Rio Olympics, how closely have you been following news this year? Test your knowledge here.

First Published On : Dec 26, 2016 17:32 IST

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LIVE Australia Vs Pakistan Live Score

AUS vs PAK | Dec 26th, 2016

PAK 142 4 50.5

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LIVE South Africa Vs Sri Lanka Live Score

SA vs SL | Dec 26th, 2016

SA 166 2 54.1

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LIVE New Zealand Vs Bangladesh Live Score

NZ vs BAN | Dec 26th, 2016

BAN 264 9 44.5

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Egypt confirms Al Jazeera producer’s arrest for provoking sedition | Reuters

Egypt confirms Al Jazeera producer’s arrest for provoking sedition | Reuters

Dec 25, 2016 18:39 IST

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CAIRO Egypt confirmed on Sunday that it had arrested an Al Jazeera news producer, accusing him of “provoking sedition” on behalf of the Qatar-based broadcaster that it considers a mouthpiece of the banned Muslim Brotherhood. Judicial sources said Mahmoud Hussain, who was detained on Friday, was being held on charges of disturbing public security and spreading false news.The Interior Ministry said in a statement that Al Jazeera officials “had ordered some individuals collaborating with the channel inside the country to continue implementing its media plan of provoking sedition, incitement against the state, and spreading chaos through broadcasting false news.” It identified Hussain as a person implementing that plan for the channel which is not allowed to operate inside Egypt.

Al Jazeera was not immediately available for comment.Egypt has arrested several Al Jazeera reporters over the past two years, raising concerns over media freedoms in the country.

In May, a Cairo court recommended the death penalty against two of them, charged in absentia with endangering national security by leaking state secrets to Qatar.The Brotherhood is a Qatar-backed movement that President Abdel Fattah al-Sisi has cracked down on since an army takeover in 2013 stripped former president Mohammed Mursi – a prominent member of the group – of power following mass protests against his rule.

Thousands of Brotherhood supporters including Mursi are in jail and Egypt has designated the group, which says it is non-violent, a terrorist organisation. (Reporting by Haitham Ahmed and Ahmed Mohammed Hassan; Writing by Asma Alsharif; Editing by Robin Pomeroy)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Dec 25, 2016 18:39 IST

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Status Quo guitarist Rick Parfitt dies aged 68 | Reuters

Status Quo guitarist Rick Parfitt dies aged 68 | Reuters

Dec 24, 2016 17:32 IST

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LONDON Status Quo guitarist Rick Parfitt died in hospital on Saturday in Spain aged 68 after suffering from a severe infection, his manager said.”We are truly devastated to have to announce that Status Quo guitarist Rick Parfitt has passed away,” his family and Status Quo Manager Simon Porter said in a joint statement.

“He died in hospital in Marbella, Spain as a result of a severe infection, having been admitted to hospital on Thursday evening following complications to a shoulder injury incurred by a previous fall,” his family said.

(Reporting by Guy Faulconbridge; Editing by Richard Balmforth)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Dec 24, 2016 17:32 IST

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Acid attack in Vellore: Woman constable suffers injury, search on for assailants

Acid attack in Vellore: Woman constable suffers injury, search on for assailants

A lady police constable was attacked with acid by unknown assailants in Vellore city of Tamil Nadu on Friday, reports said.

According to PTI, the incident took place at Tiruppattur in Vellore district. The constable, named Lavanya suffered injuries on her face and right hand, police said. She has been admitted to a nearby hospital.
A probe is on to ascertain the reason for the attack and nab the culprits. According to ANI the Tamil Nadu Police has formed a special team to nab the culprits.

With inputs from PTI

First Published On : Dec 24, 2016 11:23 IST

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IT department identifies 67.54 lakh potential non-filers for 2014-15

IT department identifies 67.54 lakh potential non-filers for 2014-15

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New Delhi: The Income Tax Department has identified 67.54 lakh potential non-filers, who carried out high value transactions in 2014-15 but failed to file returns for the assessment year 2015-16, an official statement said on Thursday.

taxThinkstocktaxThinkstock

Thinkstock

“The Income Tax Department has conducted the fifth cycle of data matching which has identified an additional 67.54 lakh potential non-filers who have carried out high value transactions in the financial year 2014-15 but did not file return of income for the relevant assessment year 2015-16,” said a Finance Ministry statement.

The information relating to the identified non-filers has been made available in the ‘compliance module’ on the e-filing portal of the income tax department. The information will be visible only to the specific PAN holder when they log into the e-filing portal at https://incometaxindiaefiling.gov.in.

“The PAN holder will be able to respond electronically and retain a copy of the submitted response for record purpose,” the statement said.

“While the Government urges all tax payers to disclose their true income and pay taxes accordingly, the department would continue to pursue the non-filers vigorously till all the high potential non-filers are covered,” it added.

First Published On : Dec 22, 2016 19:49 IST

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Nokia sues Apple for infringing technology patents | Reuters

Nokia sues Apple for infringing technology patents | Reuters

Dec 22, 2016 00:16 IST

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Finland’s Nokia Corp (NOKIA.HE) said on Wednesday it had sued Apple Inc (AAPL.O), accusing the iPhone maker of violating 32 technology patents.Apple sued Acacia Research Corp (ACTG.O) and Conversant Intellectual Property Management Inc [GEGGIM.UL] on Tuesday, accusing them of colluding with Nokia to extract and extort exorbitant revenues unfairly and anticompetitively from Apple.Nokia’s lawsuits, filed in courts in Dusseldorf, Mannheim and Munich, Germany and the U.S. District Court for the Eastern District of Texas, cover patents for displays, user interfaces, software, antennas, chipsets and video coding.

“Since agreeing a license covering some patents from the Nokia Technologies portfolio in 2011, Apple has declined subsequent offers made by Nokia to license other of its patented inventions which are used by many of Apple’s products,” Nokia said in a statement.

Apple and Acacia did not immediately respond to requests for comment.

(Reporting by Supantha Mukherjee in Bengaluru; Editing by Ted Kerr)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Dec 22, 2016 00:16 IST

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Demonetisation: Army personnel deployed at Salboni & Dewas currency printing press

Demonetisation: Army personnel deployed at Salboni & Dewas currency printing press

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New Delhi: Around 400 army personnel have been deployed for security at the currency printing presses in Salboni in West Bengal and Dewas in Madhya Pradesh.

Army sources said that the soldiers were deployed in wake of security consideration around the press that prints the new currency notes.

The troops deployed are from army’s Eastern and Central Command.

The Dewas Security Press is printing new Rs 500 currency notes whereas new Rs 2,000 and Rs 100 notes are being printed in Salboni.

“Keeping in view the security consideration of such sensitive location, army personnel have been deployed at printing presses,” sources said. The government has already deployed transport aircraft C-17 Globemasters and C-130 J Hercules of the Indian Air Force to ferry currency from the printing presses across the country. The IAF continues to make sorties carrying new currency.

The Modi government had demonetised Rs 500 and Rs 1,000 notes on November 8 and had introduced new Rs 2,000 and Rs 500 notes.

First Published On : Dec 21, 2016 21:51 IST

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Congress leader Sajjan Kumar gets anticipatory bail in 1984 anti-Sikh riots case

Congress leader Sajjan Kumar gets anticipatory bail in 1984 anti-Sikh riots case

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New Delhi: A court on Wednesday granted anticipatory bail to Congress leader Sajjan Kumar in a case related to the 1984 anti-Sikh riots.

Sajjan Kumar. File photo. APSajjan Kumar. File photo. AP

Sajjan Kumar. File photo. AP

Additional Sessions Judge Vikash Dhull allowed the anticipatory bail plea of Sajjan Kumar, accused of instigating a mob to kill two Sikhs — Sohan Singh and son Avtar Singh — in Janakpuri on 1 November, 1984.

The case was taken up recently by a Special Investigation Team.

Nearly 3,000 Sikhs were killed, mostly in Delhi, in riots that followed the 1984 assassination of then prime minister Indira Gandhi by two of her Sikh bodyguards.

Some Congress politicians, Sajjan Kumar included, have been accused of leading the killer mobs.

First Published On : Dec 21, 2016 15:43 IST

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Mexico fireworks market blast kills at least 27, hurts scores | Reuters

Mexico fireworks market blast kills at least 27, hurts scores | Reuters

Dec 21, 2016 05:26 IST

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MEXICO CITY At least 27 people died in an explosion at a fireworks market outside the Mexican capital on Tuesday, according to a local emergency services official.The blast at the San Pablito fireworks market in Tultepec, about 20 miles (32 km) north of Mexico City, also injured at least 70 others, according to a tweet from federal police.Isidro Sanchez, the head of Tultepec emergency services, said the death toll was preliminary as rescue workers scoured the site.

Local television showed a flurry of multi-colored fireworks exploding in all directions as a massive plume of smoke rose above the market while people frantically fled.Aerial footage showed charred stalls and destroyed buildings.

A blast struck the popular market in September 2005 just before independence day celebrations, injuring many people.

(Reporting by David Alire Garcia and Lizbeth Diaz; Editing by James Dalgleish)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Dec 21, 2016 05:26 IST

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Real survive scare to win club cup with Ronaldo hat-trick | Reuters

Real survive scare to win club cup with Ronaldo hat-trick | Reuters

Dec 18, 2016 21:43 IST

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By Chris Gallagher
| TOKYO

TOKYO Real Madrid suffered an almighty fright before a Cristiano Ronaldo hat-trick hauled them back from 2-1 down and gave them a 4-2 win over rank outsiders Kashima Antlers in the Club World Cup final on Sunday.Two goals from Gaku Shibasaki stunned the European champions as the Japanese hosts took a 2-1 lead early in the second half before a Ronaldo penalty brought Real level on the hour.The 11-times European champions then survived several more scares and a possible sending-off for captain Sergio Ramos before Ronaldo scored twice more in the first period of extra-time.Real, who won the tournament for the second time in three years and were crowned champions for a fifth time overall, appeared set for an easy victory when Karim Benzema gave them a ninth-minute lead but Shibasaki changed the story by levelling one minute before halftime.Kashima were the first Asian team to reach the final although they qualified for the tournament as champions of host nation Japan. Asian champions Jeonbuk Motors had lost in the quarter-finals.”We knew it was not going to be an easy one. They were very aggressive,” Real coach Zinedine Zidane told reporters. Real went ahead when Luka Modric’s volley was parried by Hitoshi Sogahata and Benzema tapped in the rebound.

Kashima refused to be overawed, continued playing their neat football and snatched a shock equaliser just before the break.Shoma Doi’s cross found Shibasaki, whose first touch was poor but he was gifted a second attempt when Raphael Varane failed to clear and he smashed the ball into the net.Shibasaki struck again six minutes after the break when he collected a poor Real clearance, got away from three opponents and fired a low shot past Keylor Navas from 25 metres.Real were facing their first defeat since they lost to VfL Wolfsburg in April, a run of 36 competitive games, until Lucas Vazquez was bundled over by Shuto Yamamoto and Ronaldo converted the resulting penalty on the hour.

Kashima continued to give as good as they got and had three good chances in the final minutes of normal time.Fabricio’s goalbound drive was tipped over by Navas and the Costa Rican goalkeeper came to the rescue again one minute later by blocking Mu Kanazaki’s shot after he got free of the Real defence.Yasushi Endo could have won it with the last kick but fired wide at the far post while Sergio Ramos was lucky to escape a second yellow card for a push on an opponent, a decision which Kashima coach Masatada Ishii said “lacked courage”.Ronaldo ended Kashima’s dream when he collected Benzema’s sliderule pass and fired past Sogahata eight minutes into extra-time, then settled the match six minutes later with an emphatic finish into the roof of the net.

“We gave Real Madrid problems,” said Ishii. “That’s what we were able to do. But we made small mistakes in positioning and judgment so it’s frustrating.” (Writing by Brian Homewood; Editing by Toby Davis)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Dec 18, 2016 21:43 IST

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LIVE India Vs England Live Score

IND vs ENG | Dec 16th, 2016

IND 391 4 108.0

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LIVE Australia Vs Pakistan Live Score

AUS vs PAK | Dec 15th, 2016

PAK 382 8 123.0

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UAE vs AFG | Dec 18th, 2016

UAE 145 8 20.0

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Hyderabad: Bank head injured in firing, police on the hunt for attacker

Hyderabad: Bank head injured in firing, police on the hunt for attacker

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Hyderabad: The head of a bank was injured when an unidentified person fired at him at his apartment on Sunday, police said.

Manmath Dalai, Chief Executive Officer of KBS Local Area Bank, was shifted to a private hospital and he is said to be out of danger.

The incident occurred in Masab Tank in the heart of the city.

Police said a man came to the apartment inquiring about Dalai. He went to the official’s flat and after a few minutes the guard heard the sound of gunfire.

“A bullet hit the bank official in his leg. We have launched a hunt for the unidentified attacker who escaped on his motorbike,” said Deputy Commissioner of Police Venkateswara Rao.

First Published On : Dec 18, 2016 16:29 IST

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IND vs ENG | Dec 16th, 2016

IND 361 3 100.0

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AUS vs PAK | Dec 15th, 2016

PAK 312 7 107.0

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Suez targets 10 percent revenue growth from Indian water supply | Reuters

Suez targets 10 percent revenue growth from Indian water supply | Reuters

Dec 16, 2016 22:31 IST

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PARIS France’s Suez sees potential for 10 percent revenue growth in India, where it already supplies water for 44 million people, a senior executive said on Friday.The Indian market is largely in public hands and Suez runs 23 drinking water and waste water plants owned by municipalities, mostly under a “Design, Build, Operate” (DBO) model in big cities.Suez had revenue of 100 million euros ($104 million) in India in 2015, of which 40 million came from building plants and about 30 million from services to industry.Our growth potential is about 10 percent per year in India for the next three to five years,” Suez’s chief for Africa, Middle East and India Pierre-Yves Pouliquen told Reuters.

India is small compared to China, where Suez had revenue of 1.2 billion euros in 2015, but rapid urbanisation is creating opportunities and Pouliquen estimates its drinking water market at $3 billion and its waste water market at $750 million.

Suez competes in India with local water specialists such as Vatech Vabag and Ion Exchange and construction giant Larsen & Toubro.($1 = 0.9588 euros)

(Reporting by Geert De Clercq; Additional reporting by Tommy Wilkes in New Delhi; Editing by Ruth Pitchford and Alexander Smith)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Dec 16, 2016 22:31 IST

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IND vs ENG | Dec 16th, 2016

ENG 284 4 90.0

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India asks tax dodgers to come clean by March 2017 | Reuters

India asks tax dodgers to come clean by March 2017 | Reuters

Dec 16, 2016 20:46 IST

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NEW DELHI The government said on Friday that tax-dodgers have until the end of March 2017 to come clean under a scheme announced by Finance Minister Arun Jaitley last month.Revenue Secretary Hasmukh Adhia told reporters that those who fail to declare their untaxed income under the scheme will have to pay a minimum 77 percent and up to 100 percent in tax and fines.Another senior income tax department official later said the income of the political parties was exempted under the Income Tax Act, and they could deposit old currency notes in their bank accounts only if they had taken donations in cash up to 20,000 rupees from individuals with all details. All political parties would have to maintain records properly about their income and voluntary donations, he said adding they would have to submit their audited accounts.

“They can’t take any more old currency notes,” he said.

Prime Minister Narendra Modi scrapped 500-rupee and 1,000-rupee banknotes on November 8 in a bid to flush out cash earned through illegal activities, or earned legally but never disclosed to the taxman.People can deposit old currency notes in banks until the end of December.

(Reporting by Manoj Kumar; Editing by Malini Menon and Angus MacSwan)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Dec 16, 2016 20:46 IST

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LIVE India Vs England Live Score

IND vs ENG | Dec 16th, 2016

ENG 284 4 90.0

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AUS vs PAK | Dec 15th, 2016

PAK 97 8 43.0

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UAE vs AFG | Dec 16th, 2016

AFG 183 5 19.4

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Narendra Modi to visit Qatar in June, first visit by Indian PM in 8 years

Prime Minister Narendra Modi will pay a two-day visit to energy-rich Qatar from June 4, in continuation of efforts to recast India’s ties with the strategically important Gulf region.It will be the first visit by an Indian Prime Minister to Qatar in the last eight years. The then Prime Minister Manmohan Singh had visited Doha in 2008. Modi will hold extensive talks with Emir of Qatar Sheikh Tamim bin Hamad Al -Thani on a range of bilateral issues including ways to further boost economic ties, particularly in the hydrocarbon sector. They will also deliberate on regional and international issues of mutual concern.<!– /11440465/Dna_Article_Middle_300x250_BTF –>Qatar is an important trading partner for India in the Gulf region with bilateral trade in 2014-15 exceeding US $15 billion. It is India’s largest supplier of LNG requirements, accounting for 65% of the country’s total imports in 2015-16. It is also one of India’s key sources of crude oil.
ALSO READ PM Modi to eye new energy deals and more on Iran, Qatar visitQatar is hosting the FIFA World Cup in 2022 and a number of Indian companies are involved in construction work in that country. The NDA government has been focusing on improving ties with the countries of the Gulf region which is crucial for India’s energy security. The Prime Minister had already visited United Arab Emirates, Saudi Arabia and will visit Iran from May 22-23.”India’s historical and close relations with Qatar are marked by mutually beneficial commercial exchanges and extensive people-to-people contacts,” External Affairs Ministry Spokesperson Vikas Swarup said while announcing the visit. There has been regular exchange of high-level bilateral visits in the recent past. The Emir of Qatar had visited India in March 2015. Previously, the then Emir of Qatar had visited India in 1999, 2005 and 2012.
ALSO READ PM Modi to visit Iran this monthOver 6,30,000 Indian nationals form the largest expatriate community in Qatar. “Their positive contribution in the progress and development of their host country is well recognized,” said Swarup.The NDA government has been focusing on improving ties with the countries of the Gulf region. The Prime Minister has already visited United Arab Emirates, Saudi Arabia and will visit Iran from May 22-23.

VVIP chopper deal: ED to request action on Letters Rogatories

Enforcement Directorate has obtained, from the courts, a total of ten LRs to countries like Tunisia, Italy, United Kingdom, Switzerland, United Arab Emirates (UAE), Mauritius, Israel, Finland, Singapore and Denmark Enforcement Directorate (ED) is expected to issue follow up requests on its earlier Letters Rogatories (LRs) to at least ten countries in connection with its money laundering probe in the Rs 3,600 crore AgustaWestland VVIP chopper deal case.Officials said while seven of the LRs (judicial requests) have been already dispatched, three are being sent.The agency has obtained, from the courts, a total of ten LRs to countries like Tunisia, Italy, United Kingdom, Switzerland, United Arab Emirates (UAE), Mauritius, Israel, Finland, Singapore and Denmark in order to obtain details about the financial transactions that have taken place in the case by the accused firms and individuals named in its charge sheet filed before a court here last year. They said the agency is also expected to summon former Indian Air Force (IAF) chief S P Tyagi for questioning in the case in the near future. He has been questioned by CBI last year.<!– /11440465/Dna_Article_Middle_300x250_BTF –>A court in Italy’s Milan has recently sentenced Italian defence and aerospace major Finmeccanica’s former chief Giuseppe Orsi and the former CEO of the firm Bruno Spagnolini on corruption charges in the sale of a dozen AgustaWestland helicopters to India for VVIP purposes.Apart from filing a charge sheet, the ED has also attached assets worth Rs 11 crore belonging to the cousins of Tyagi and Italian national and alleged middleman in the case Christian Michel James.The CBI, meanwhile, is getting the order of the Milan Court of Appeals translated from Italian to English even as it is yet to get a certified copy of the order for which it has made a request to the government.Agency sources said they have got copy of the order informally which will be studied.

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