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Category: Economy

Elections Are Over But ED Is Still On:IL&FS Raided

[Mumbai] Elections Are Over But ED Is Still On:IL&FS Searched
The Enforcement Directorate Wednesday carried out fresh searches in Mumbai in connection with its money laundering probe in the multi-crore IL&FS payment default crisis
The central agency had first carried out searches in this case in February after it filed a criminal case under the Prevention of Money Laundering Act (PMLA).
The debt crisis at the infrastructure lender came to light following a series of defaults by its group companies beginning September, 2018.
The crisis-ridden infrastructure conglomerate IL&FS group, once hailed as a pioneer of public-private partnership, has come under the scanner of multiple regulators, for alleged defaults related to financial disclosures and corporate governance.

Indo-American Judge Mehta Jolts White House : Trump A/C Firm

[Washington] Indo-American Judge Mehta Jolts White House : Trump A/C Firm Hand Over Records to Congress :Indo-American Judge To Trump A/C Firm
As per CNN Reports Judge Amit Mehta told the accounting firm that it will need to turn over Trump’s accounting records from before he was president to the Democratic-controlled House Oversight Committee,
The Trump administration recently issued a blanket denial of all Democrats’ subpoena requests, saying the information they seek is politically motivated. Democrats, on the other hand, say the administration’s actions amount to an unprecedented attempt to block Congress from its constitutionally mandated oversight.
Mehta noted that in the past 50 years, Congress had twice investigated a sitting president for alleged criminal activity before starting impeachment proceedings Richard Nixon during the Watergate scandal, and Bill Clinton during the Whitewater scandal.
Mehta’s opinion, coming not even a week after a hearing in the case, will kickstart a race to appeals courts.
File Photo
White House

Grounded Jet Airways CEO Vinay Dube Also Quits

[Mumbai] Jet Airways CEO Vinay Dube Also Quits
Jet Airways Tuesday said its CEO Vinay Dube has resigned from the company due to personal reasons.
This is the second high profile exit in as many days at the grounded Jet Airways after Deputy CEO Amit Agarwal put in his papers on Monday.
In a filing to stock exchanges, the airline said Dube has “resigned from the services of the company with immediate effect due to personal reasons”.

नोटबंदी पश्चात् आये नए नोटों में चिप की बात सत्य तो नहीं हैं:आईटी के छापे

झल्ले दी झल्लियाँ गल्लां

भाजपाई चेयर लीडर

औए झल्लेया ! देखा हसाड़े मोदी जी का कमाल !! ना खाएंगे और ना ही खाने देंगे!!!
कांग्रेस के मध्य प्रदेश में सी एम कमल नाथ के पेट में हाथडॉल कर निकाल लिए करोड़ों अवैध रु| इस पर भी इनके राहुल गाँधी काळा धन पर चर्चा के लिए चुनौती देते फिर रहे हैं

झल्ला

मेरे चतुर सेठ जी ! वाकई इनकम टैक्स के छापे सटीक जगहों पर पढ़े हैं | और छापेमारों ने हाथोंहाथ अपनी उपलब्धि को मीडिया में दिखा भी दिया लेकिन एक बात दिमाग का दही किये जा रही है के कहीं नोट बंदी के बाद आये नए नोटों में चिप की बात सत्य तो नहीं हैं !

एमपी में कांग्रेस के सीएम कमलनाथ के नजदीकियों के 50 ठिकानों पर आईटी के छापे

[भोपाल,दिल्ली] एमपी में कांग्रेस के सीएम कमलनाथ के नजदीकियों के 50 ठिकानों पर आईटी के छापे
आयकर विभाग ने कर चोरी के आरोप में रविवार सुबह मध्य प्रदेश के मुख्यमंत्री कमलनाथ से जुड़े लोगों के दिल्ली और मध्य प्रदेश स्थित 50 ठिकानों पर छापेमारी की।
प्राप्त जानकारी के अनुसार आयकर अधिकारियों ने इंदौर, भोपाल और दिल्ली (ग्रीन पार्क) में छापेमारी की। जिन लोगों पर छापेमारी की गई उनमें कमलनाथ के पूर्व
विशेष कार्याधिकारी (ओएसडी) प्रवीण कक्कड़,
पूर्व सलाहकार राजेंद्र मिगलानी और उनके रिश्तेदार से जुड़ी कंपनी
मोजर बेयर और उनके
भांजे रातुल पुरी की कंपनी शामिल है।
लोकसभा चुनाव की घोषणा होने से पहले ही अचार संहिता के अंतर्गत कक्कड़ और मिगलानी ने इस्तीफा दे दिया था।
इससे पहले संयुक्त प्रगतिशील गठबंधन सरकार के समय वह पूर्व केंद्रीय मंत्री कांतिलाल भूरिया के ओएसडी थे।
फाइल फोटो

Rahul Bows New Arrows in Protection of Tax Payer Middle Class

[Pune] Rahul Gandhi Bows New Arrows in Protection of Tax PayerUrban Middle Class
He says
Money won’t be taken from middle class,
Incometax won”t be raised
Congress president Rahul Gandhi Friday said the ‘Nyay’ minimum income scheme for the poor will be implemented without raising income tax or burdening the middle class.
The opposition party has said that if voted to power, it will give Rs 72,000 per year as minimum income to poor families, benefiting around 25 crore people, a move Gandhi has termed a ‘surgical strike’ on poverty.
“Money won’t be taken from the middle class and income tax won’t be raised,” Gandhi said when asked how funds will be raised for the Nyuntam Aay Yojna (Nyay) scheme.
Interacting with students here, the Congress chief said all calculations have been done to fund the scheme.
He said the Congress manifesto was prepared after taking inputs from all sections of the society, including farmers and the poor.
Asked about employment scenario in the country, he said around 27,000 jobs are being lost per hour in India.
The Congress chief promised to reserve 33 per cent seats in Parliament, assemblies for women if his party is voted to power.

Trump Takes U Turn and Alleges India as Highest Taxing Nation

[Washington,DC] Trump Terms India as Highest Taxing Nation
US President Donald Trump has again slammed India for imposing 100 % tariffs on American products, including the iconic Harley-Davidson motorcycles.
Such a high tariff is not fair, Trump said Tuesday during National Republican Congressional Committee Annual Spring Dinner
Early this year, at a White House event Trump had said he was satisfied with the Indian decision to reduce the import tariff on Harley-Davidson motorcycles from 100 % to 50 % “Even this is not enough, this is okay,”
During his address to the National Republican Congressional Committee Annual Spring Dinner, Trump explained how his trade policies are successfully addressing the balance of trade issue with other countries.
He said Trade talks with China are going on very well,
Trump described Chinese President Xi Jinping as a king.
file photo

EC Orders 26 Lakh Bottles of Indelible Ink @ Rs 33 Cr for LS Polls

[New Delhi] EC Orders 26 Lakh Bottles of Indelible Ink @ Rs 33 Cr for LS Polls
Election Commission of India has ordered 26 lakh indelible ink bottles worth Rs 33 crore.
The seven-phase election will begin on April 11 and conclude on May 19.
In the 2014 Lok Sabha elections, the poll panel had bought 21.5 lakh phials, 4.5 lakh less than this year.
Mysore Paints and Varnish Ltd, a government of Karnataka undertaking, is the only authorised manufacturer of indelible ink for the EC.
This order is higher than the last general elections by 4.5 lakh phials. In this election, nearly 90 crore people are eligible to case their votes for which the EC will set up nearly 10 lakh polling stations across the country.
In 1962, the Election Commission, in collaboration with the Law Ministry, National Physical Laboratory and National Research Development Corporation, had made an agreement with Mysore Paints for supply of indelible ink for Lok Sabha and assembly elections.
Since then, it has been supplying the ink for elections in India.
A bottle of indelible ink contains 10 cubic centimetres (cc). As per modern measurement methods, one cubic centimetre is equivalent to one millilitre.
Mysore Paints exports indelible ink to more than 30 countries across the globe.
Soon after the note ban, the company was asked to provide indelible ink to banks to mark customers exchanging defunct currency notes to check suspicious deposits.
Grappling with unending queues and frayed tempers in banks and to check operation of syndicates after the note ban, the government had introduced the system of marking customers exchanging defunct currency notes with indelible
file symbolic photo

शत्रु संपत्तियों की बिक्री+पुनर्खरीद से सरकार ने बटोरे रु 11,300 करोड़

[नयी दिल्ली]शत्रु संपत्तियों की बिक्री+पुनर्खरीद से सरकार ने बटोरे रु 11,300 करोड़
शत्रु शेयरों की बिक्री तथा केंद्रीय सार्वजनिक क्षेत्र उपक्रमों (सीपीएसई) में पुनर्खरीद से सरकार का किसी भी वित्त वर्ष में अब तक का विनिवेश का दूसरा सबसे बड़ा आंकड़ा है।
केंद्रीय मंत्रिमंडल ने नवंबर 2018 में निवेश एवं लोक संपत्ति प्रबंधन विभाग (दीपम) को कंपनियों के शत्रु शेयर बेचने की मंजूरी दी थी। इसके बाद शत्रु शेयरों को बेचकर सरकार ने 700 करोड़ रुपये हासिल किये।
जो लोग अब भारत के नागरिक नहीं हैं और चीन या पाकिस्तान चले गये हैं, इनकी संपत्तियों को शत्रु संपत्ति कहा जाता है।
इसके अलावा सरकार ने केंद्रीय सार्वजनिक उपक्रमों के शेयरों की पुनर्खरीद से 10,600 करोड़ रुपये से अधिक जुटाए हैं।
वित्त वर्ष 2018-19 में सरकार ने लगातार दूसरे साल विनिवेश से लक्ष्य से अधिक राशि जुटाई। चालू वित्त वर्ष के लिये बजट में 80 हजार करोड़ रुपये के विनिवेश का लक्ष्य तय किया गया था।
इससे पहले वित्तवर्ष 2017-18 में सरकार ने 72,500 करोड़ रुपये के लक्ष्य की तुलना में विनिवेश से एक लाख करोड़ रुपये से अधिक जुटाये थे।
चालू वित्त वर्ष में एक्सचेंज ट्रेडेड फंड (ईटीएफ) से सर्वाधिक 45,729 करोड़ रुपये जुटाये गये। इसके बाद सरकारी पावर फाइनेंस कॉरपोरेशन में आरईसी द्वारा सरकार की 52.63 प्रतिशत हिस्सेदारी खरीदने से सरकार को 14,500 करोड़ रुपये मिले। सरकार को पांच कंपनियों एमएसटीसी, आरआईटीईएस, इरकॉन, गार्डन रीच शिपबिल्डर्स और मिधानी के आईपीओ से 1,929 करोड़ रुपये मिले।
सरकार को कोल इंडिया की बिक्री पेशकश (ओएफएस) से 5,218 करोड़ रुपये और एक्सिस बैंक में एसयूयूटीआई की हिस्सेदारी बेचने से 5,379 करोड़ रुपये मिले। पुनर्खरीद से भी सरकार को 10,600 करोड़ से अधिक मिले। पुनर्खरीद में ओएनजीसी, आईओसी, कोल इंडिया, ऑयल इंडिया और एनएलसी जैसी कंपनियां शामिल रहीं।
सरकार ने अगले वित्त वर्श के लिये 90 हजार करोड़ रुपये के विनिवेश का लक्ष्य रखा है।

US to Host Chinese Traders Early Next Month :Trade Dispute

[W Palm Beach,Washington] US to Host Chinese Trade Delegation Starting April 3:Trade Dispute
The US will host a delegation from China led by Vice Premier Liu He early next month
US officials will also visit to China in an effort to improve trade relations
As per White House press secretary Sarah Sanders
President Donald Trump is sending US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin to Beijing starting next week, joined by deputy US Trade Representative Jeffrey Gerrish and other senior Trump administration officials.
The trade dispute began last year after the US made several complaints, including that China was stealing US trade secrets and was forcing companies to give them technology to access its market.
Trump imposed tariffs on USD 250 billion of Chinese imports, about half what the United States buys from that country.
China retaliated with tariffs on about USD 110 billion of US items.