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Sectoral crisis: An introspection of the BFSI sector

NEW DELHI:It's been nearly 13 months since the first sign of markets panicking at aftermath of ILFS default, and the subsequent hammering down of the BFSI stocks.

Sectoral crisis - an introspection of the BFSI sector

It has been nearly 13 months since the first sign of markets panicking in the aftermath of IL&FS default and the subsequent hammering down of the BFSI stocks.

IT raids on religious trusts reveals Rs 500 cr black money

NEW DELHI: In a massive search operation covering 40 premises of religious trusts and other entities that preach about "oneness philosophy" and run wellness centres, the Income Tax Department has found Rs 500 crore of undisclosed income and links to investments in tax havens.

Expert talk for law students at Rayat Bahra

MOHALI: The University School of Law, Rayat Bahra University organised an expert Lecture on `Career Prospects for Law Graduates’.  The lecture was delivered by PS Khurana, an advocate practicing in the Punjab and Haryana High Court, Chandigarh.

Budget extends tax on NRIs for receiving gifts from resident Indians

NEW DELHI: The expensive gift that you kept for your overseas cousin or friend may attract tax from this year with the Budget 2019-20 proposing to impose withholding tax all such transfers, plugging an earlier loophole that allowed its tax- free treatment.

UP real estate: Tall buildings, taller criminals

LUCKNOW: Behind every tall building, there is a taller criminal and the bigger the building, the bigger the criminal, goes the popular Uttar Pradesh adage.

IT attaches property of Mayawati's brother, wife

NEW DELHI: The Income Tax Department said on Thursday it has attached a benami commercial plot in Noida worth Rs 400 crore belonging to BSP chief Mayawati's brother Anand Kumar and his wife ahead of by-elections in Uttar Pradesh.

Second-hand drinking as bad as second-hand smoke

NEW YORK: Just like second-hand smoking, society needs to combat the second-hand effects of drinking as millions of people are suffering alcohol's harm because of someone else's drinking, warn a study led by an Indian-origin scientist.

Two-child norm for subsidies, government jobs urged

The Delhi High Court on Tuesday was moved for implementation of the national commission to review the working of the Constitution (NCRWC) proposal on population control and 'two-child norm' as a criteria for government jobs, aid and subsidies.

Uttarakhand Congress leader granted bail in robbery case

Uttarakhand Congress leader Anupam Sharma, who was arrested along with three policemen in an alleged case of robbery last month, has been granted bail by a court here, police said on Wednesday.

Proposed hike in property tax by NDMC peeves residents

Hundreds of residents of Golf Link Society, Jorbagh, Chanakyapuri and Babar Road are planning to knock the Supreme Courts door after they received a notice issued by the New Delhi Municipal Council (NDMC) on March 28 for depositing a hefty sum as property tax as per the proposed amendment to the Assessment List for the year 2018-2019.

Sonia has Rs 60,000 in cash, over Rs 2.4 cr in shares

United Progressive Alliance (UPA) Chairperson Sonia Gandhi on Thursday filed her nomination from the Rae Bareli Lok Sabha Constituency.

Punjab Govt. should immediately withdraw unprecedented fee hike on stamp duty: Harpal Cheema

CHANDIGARH: The Aam Aadmi Party (AAP) has taken a serious note of the unprecedented hike in registration fee (Stamp duty) which has added an additional financial burden on the people, who were overburdened with a host of other tax liabilities. 

I challenge Modi, Shah for debate, says Pitroda

NEW DELHI: Rahul Gandhis close confidant Sam Pitroda, who is in the eye of a political storm after his alleged comment questioning the claims about the air strikes on terror camps in Pakistan, said on Saturday that he did not say anything disrespectful of jawans or the armed forces, terming the claims by Prime Minister Narendra Modi and other top functionaries of the government and the ruling Bharatiya Janata Party on his remarks as a blatant lie.

Choose GST rate for incomplete projects, builders told

NEW DELHI:  In a big relief to builders, the GST Council on Tuesday approved transition rules on new tax rates for residential property and offered an option to builders with under-construction buildings to shift to the new rates without input tax credit (ITC) or continue with the old rates with it.

GST council cuts tax on under-construction houses to 5%, industry responds with caution

NEW DELHI: In a big relief to the realty sector and homebuyers, the GST council on Sunday lowered tax on under-construction properties to 5 per cent from 12 per cent, and affordable housing projects to 1 per cent from 8 per cent. The council also made changes in the definition of the affordable housing.

Himachal CM launches seven citizen Centric Services

SHIMLA: Chief Minister Jai Ram Thakur launched seven citizen centric services of Shimla Municipal Corporation developed by the Information Technology Department under e-District Project, which is an Integrated Portal for delivery of citizen services here today. The online services launched  are online billing, water bill payment, and property tax payment, application for water connection, application for sewerage connection, application for NOC of electricity, application for permission of canopy and application for dumping debris.

Haryana waives off interest on outstanding property tax in Municipalities

CHANDIGARH: Haryana Urban Local Bodies Minister,  Kavita Jain has announced to waive off 100 per cent interest on one time settlement of outstanding property tax in municipalities from January 1, 2019 to February 28, 2019. A proposal to this effect has been approved by the Chief Minister,  Manohar Lal.

Punjab enhanced parole period of prisoners from 12 to 16 weeks in a year

CHANDIGARH: To mark the year-long celebrations of 550th birth anniversary of Sri Guru Nanak Dev ji, the Punjab Cabinet has given the nod to amend Section 3 Sub Section 2 of the Punjab Good Conduct Prisoners (Temporary Release) Act, 1962 to increase the regular parole given to the prisoners with good conduct from the existing 3 weeks to 4 weeks, and total parole from 12 weeks to 16 weeks during a calendar year.

US slams harmful China trade policies, threatens auto tariffs

WASHINGTON: US Trade Representative Robert Lighthizer on Wednesday slammed Beijing for failing to offer “meaningful reform” on aggressive trade policies that harm US workers and industry, and threatened tariffs on Chinese autos.

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