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Unaccounted Cash, Deposits Can Be Disclosed Under New Scheme With 50% Tax before April 1
The government on Friday said any unaccounted cash or deposit in a bank account percent tax and penalty The government on Friday (16 December) said any unaccounted cash or deposit in a bank account before April 1, 2017, can be reveal under a new disclosure scheme that comes with 50 per cent tax and amends. The Pradhan Mantri Garib Kalyan Yojana (PMGKY) provides for 50 per cent tax and surcharge on declarations of unaccounted cash deposited in banks. Declarants also have to park a quarter of the total sum in a non-interest bearing deposit for four years.
Forex reserves down by $887.2 million to $362.987 billion
India’s foreign exchange reserves declined by $887.2 million to $362.987 billion in the week to December 9 due to dip in foreign currency assets, the Reserve Bank said today. In the previous week, the reserves had declined by $1.431 billion to $363.874 billion. They had affected a life-time high of $371.99 billion in the week to September 30, 2016. Foreign currency assets (FCAs), a major component of the overall reserves, covered by $873 million to $339.258 billion. FCAs, expressed in US dollar terms, include the effects of appreciation/depreciation of non-US currencies such as the euro, pound and the yen held in the reserves. Gold reserves remained declined at $19.982 billion in the reporting week, RBI said.
Donald Trump billionaire cabinet wealthiest in US history, ‘white’, ‘rich’ get a pie, divergence bids bye
As Donald Trump fills out his Cabinet, it’s looking less like America’s population and more like the world Trump has always orbited: wealthy, white, male-dominated and business-minded. Trump, who railed against what he called “politically correct foolishness” during his no-holds-barred presidential campaign, is on track to create the least diverse Cabinet in quarter-century. The uniformity is particularly striking in the president-elect’s picks for the highest-profile Cabinet and White House jobs. While he has selected a handful of women and minorities for lower-profile posts, his choices for the big four Cabinet slots —archive, State, Defense and Justice — and his top White House jobs — chief of staff, national security adviser and senior adviser — are all white men.
VK Sharma appointed as chairman of LIC
The ACC has appointed VK Sharma as Chairman Life Insurance Corp. of India (LIC), India’s biggest insurer and investor. He will have tenure of five years. Since September 2016, he was serving as acting chairman of LIC. He was also serving as LIC’s managing director (MD) since 2013. State-owned LIC is India’s largest financial institution with over Rs22.10 trillion in capital i.e. over 15% of India’s gross domestic product (GDP) of Rs. 134 trillion. It is most profitable entity in country with around Rs.40, 000 crore profit last commercial.
Thal Favang Kut festival begins in Mizoram
The ‘Thal Favang Kut’ festival organized by Department of Tourism, Government of Mizoram began in state capital Aizawl with enthusiasm and flour. It is a post-harvest festival which is celebrated after harvesting the paddy. It is celebrated every year in to thank the almighty as well as to promote tourism in the state.
Bombay HC refuses to stay Tata companies’ EGMs scheduled for later this month
The Bombay High Court on Friday refused to stay the incredible general meetings of Tata companies scheduled for later this month. Tata Sons on Friday too issued a statement to this effect. The statement read, “Mumbai High Court has allowed the Extraordinary General Meetings (EGMs) of all Tata companies to proceed without any intervention as planned. The statement further added: “The Bombay High Court denied every improvised relief as claimed by the plaintiff and Mr. Nusli Wadia. Tata Sons’ votes will be counted and allocate in as per the law.” Meanwhile, Tata’s lawyer assured the high court that one of seats of Director approved for their board will be kept vacant subject to outcome of Court’s order.
PayTM claims 48 customers cheated it of more than Rs 6 lakh, CBI registers case
CBI has registered an FIR against some customers of digital wallet PayTm on the company’s complaint that it has supposedly been cheated to the tune of Rs 6.15 lakh by customers based in New Delhi. It is rare for the agency to take up such cases unless they have been advert by the central government or there are directions by the Supreme Court or a high court.CBI has certified FIR against 15 customers who are residents of Kalkaji, Govindpuri and Saket besides unknown officials of One97 Communications–parent Company of Paytm. The criticism from the Manager Legal, M Sivakumar, claimed that the company makes payment for imperfect products received by a customer and also arranges a reverse pickup of the damaged product which is sent to the merchant.
BCCI oppose GK Pillai as beholder but not keen on naming its choice
BCCI officials are tight-lipped at the moment, a little unsure about the way ahead. But an insider virtually ruled out the possibility of submitting any names. Uncertainty lies in the BCCI’s future course of action after it has been asked by the Supreme Court on Thursday to propose names that could replace the existing office-bearers and control over the game in the country. According to a BCCI source, the board is unlikely to submit any. The BCCI has also opposed the Lodha Committee’s suggestion to appoint former Union home secretary GK Pillai as beholder to monitor the cricket board’s business operations.
FIFA Council member Wolfgang Niersbach loses appeal of one year ban
FIFA Council member Wolfgang Niersbach has lost his claim against a one-year ban from soccer in relation to Germany’s 2006 World Cup bid. The FIFA ethics committee found Niersbach accusable of failing to report findings about possible illegal conduct and conflicts of interest during the bidding process.FIFA says its appeal committee agreed with the findings of the decency committee “that a one-year ban from taking part in any football-related activity at national and international level was acceptable in this case.” Niersbach was a vice president of the 2006 World Cup organizing committee, in charge of media and marketing.
Super Mario Run first impressions: A perfect gift from Nintendo for the fans
Nintendo’s Super Mario Run has one thing going for it, and that’s the devise of Mario. I have played the game and although I’m yet to finish it, Super Mario Run arrives to be a winner. Even if it can’t be played offline. Did I tell you that it’s free? Super. But there’s a catch. Here’s my first effect of Super Mario Run. Mario may be the most familiar face in the world of gaming, but Nintendo’s Super Mario Run isn’t a port of any console game. It’s a common two-dimensional game. Of course, the character, Mario, is the soul of Super Mario Run. The whole Super Mario Run game is played in a depiction mode. And yes, two-hands are not allowed, or needed. This is a one-handed game, designed for modern day devices like the iPhone. It’s been perfectly integrate and adapted to a mobile platform, which is fact from the single input control scheme. The idea is simple: to play the game with one hand. All throughout the game, you are beating on the screen to move Mario forward – the longer you hold, the higher he jumps. Yes, timing is very important. You need to jump at the right times to collect coins, step on enemies and jump off walls.
Poor standards of learning puts parliamentary panel in dilemma
Expressing concern at the poor standards of learning, a Parliamentary panel has asked the centre to undertake initiatives for states to ensure that school children learn well. In a report console today, the Parliamentary Standing Committee on Human Resource Development on the implementation of Sarva Shiksha Abhiyan and Mid-Day Meal scheme said while the enrollment picture continues to better, on the learning front, the story is far from adequate. The committee recommended that Centre should undertake initiatives for all states and focus on establish that children learn well It said the states should also resort to their own measures in a time-bound manner to understand the level of students in terms of learning and the means to determine civilization in basic learning “In Arithmetic, only a little over half of all children involved in Standard V could do a two-digit subtraction problem with borrowing,” the report said.
UPES Dehradun to award 590 scholarships for teaching assistant-ship worth Rs 3.53 crore
The University of Petroleum and Energy Studies (UPES), Dehradun will be awarded a total 590 scholarships worth Rs 3.53 crore to under-graduate students from the begin academic session 2017.Apart from this, it is also offering teaching assistant-ship to students who are planning to start one of the three post-graduate courses- MTech, MPlan and MDesign. By performing teaching and research related work at the campus for few hours every week, eligible students from these courses can earn a monthly assistant-ship. Special scholarships are also being offered for Uttarakhand Domicile, students and 150 toppers from Uttarakhand board will be awarded the same if eligible.
