BJP attempts to link Wakf row to cow udders chopping case; saffron leaders worship cows to mark 'Sankranti'

News Network
January 14, 2025

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Bengaluru: The BJP on Tuesday accused the police of "framing" an innocent person in the cow attack case in Chamarajapet here and demanded a fair investigation into the incident.

Sheikh Nasru (30), a native of Champaran in Bihar, has been arrested for allegedly slashing the udders of three cows on Sunday.

The matter escalated into a communal controversy after the saffron party threatened to observe 'Black Sankranti' if the culprits were not arrested before the festival.

The party has since emphasised that the actual perpetrators must be apprehended.

Addressing media here, BJP state president B Y Vijayendra said, "There are claims that an innocent man has been falsely implicated and is being projected as the culprit."

Leader of Opposition R Ashoka also raised doubts about the investigation, questioning how a mentally unstable man could work at the firm for a decade.

Ashoka noted that the incident occurred at the veterinary hospital, which spans four acres.

He alleged that the hospital was recently declared Waqf property and claimed that Karna, the owner of the injured cattle, had opposed the Waqf Board’s decision, suggesting this opposition might have led to the incident.

The party leaders led by Vijayendra and Ashoka celebrated 'Sankranti' by offering special prayers to cows at the spot where the attack took place.

Meanwhile, state Home Minister G Parameshwara dismissed the opposition charges and said the police were investigating the case without any bias.

"If the investigation reveals the involvement of more people, then police will not spare them," he told reporters here.

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News Network
February 1,2025

The Union Budget 2025 has brought significant revisions to the income tax structure, aiming to address long-standing demands of middle-class taxpayers, particularly salaried individuals. The newly proposed tax slabs and rebate enhancements are expected to provide substantial relief, making taxation more streamlined and beneficial for the majority.

REVISED INCOME TAX SLABS

The proposed tax slabs under the new regime are as follows:
•    Income up to Rs 4 lakh – Nil
•    Rs 4-8 lakh – 5%
•    Rs 8-12 lakh – 10%
•    Rs 12-16 lakh – 15%
•    Rs 16-20 lakh – 20%
•    Rs 20-24 lakh – 25%
•    Above Rs 24 lakh – 30% (plus applicable cess and surcharge)

Currently, the tax slabs under the new regime are:
•    Income up to Rs 3 lakh – Nil
•    Rs 3-7 lakh – 5%
•    Rs 7-10 lakh – 10%
•    Rs 10-12 lakh – 15%
•    Rs 12-15 lakh – 20%
•    Above Rs 15 lakh – 30%

ENHANCED REBATE UNDER SECTION 87A

The budget proposes an increase in the income cap for availing the rebate under Section 87A from Rs 7 lakh to Rs 12 lakh, while the rebate amount will rise from Rs 25,000 to Rs 60,000. This effectively means that individuals earning up to Rs 12 lakh annually (or Rs 1 lakh per month) will not have to pay any income tax under the new regime, excluding special rate income such as capital gains.

Additionally, salaried taxpayers can benefit from the standard deduction of Rs 75,000, pushing the tax-free income threshold to Rs 12.75 lakh.

Recent data suggests that 78% of taxpayers have already transitioned to the new tax regime. With these latest reforms, the government anticipates an even greater shift towards the default new regime.

TDS AND TCS RATE RATIONALISATION

The government has proposed selective rationalisation of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) rates, which include:

•    Senior Citizens’ Interest Income – The tax deduction threshold will be increased from Rs 50,000 to Rs 1 lakh.

•    TDS on Rent – The annual exemption cap will rise from Rs 2.40 lakh to Rs 6 lakh.

•    TCS on Foreign Remittances – The threshold cap will increase from Rs 7 lakh to Rs 10 lakh.

Additionally, the higher 20% TDS deduction will now apply only in cases where the PAN is inoperative, ensuring that compliant taxpayers do not face undue deductions. These adjustments are expected to ease compliance burdens for taxpayers.

UPDATED TAX RETURN FILING WINDOW EXTENDED TO 4 YEARS

Currently, taxpayers can file an updated return within 24 months from the end of the relevant assessment year, provided it results in additional tax payments. The new proposal extends this window to 48 months, offering taxpayers more flexibility to rectify their tax filings and remain compliant.

The Union Budget 2025’s tax reforms reflect a concerted effort to reduce the financial strain on taxpayers while simplifying the taxation process. These changes mark a significant shift in the government's approach to personal taxation, with a clear emphasis on inclusivity and fairness.

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News Network
February 3,2025

Udupi: A 59-year-old man has allegedly lost ₹20.17 lakh in a stock market scam after being lured by promises of high returns.

Vinod, the complainant, stated that he discovered an online stock market-related company, PML Securities, on November 2 last year. Encouraged by its offerings, he began investing through the company’s mobile applications, PML Max and PML PRO, starting from November 27.

Initially, his investments were returned in line with the IPO (Initial Public Offering) process, reinforcing his trust in the platform. However, trouble arose when he attempted to withdraw his funds, only to find himself unable to do so. Upon contacting the company, he was allegedly persuaded that additional payments were required to unlock his money.

Trusting the assurances given, Vinod continued making payments, transferring a total of ₹20.17 lakh to various bank accounts linked to the company until December 24. The complaint alleges that the operators of PML Max and PML PRO deceived him by falsely promising substantial returns on stock market investments.

A case has been registered at the Manipal Police Station, and an investigation is underway.

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Agencies
February 7,2025

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US President Donald Trump has signed an executive order slapping sanctions on the International Criminal Court (ICC) for what he called baseless investigations targeting America and its close ally Israel over genocide in Gaza.

Trump's order said on Thursday the court in The Hague had "abused its power" by issuing an arrest warrant for Israeli prime minister Benjamin Netanyahu, who held talks with the US president on Tuesday.

The order also said the tribunal had engaged in "illegitimate and baseless actions targeting the United States and Israel," referring to ICC’s probes into US war crimes in Afghanistan and Israel's onslaught on Gaza.

The order includes asset freezes and travel bans against ICC officials, employees, and their family members, along with anyone deemed to have helped the court's investigations.

Last November, the ICC issued arrest warrants for Netanyahu and his former minister of military affairs, Yoav Gallant.

The warrants are for "crimes against humanity and war crimes committed from at least 8 October 2023 until at least 20 May 2024."

The court’s Pre-Trial Chamber I issued warrants of arrest for Netanyahu and Gallant "for crimes against humanity and war crimes committed from at least 8 October 2023 until at least 20 May 2024, the day the Prosecution filed the applications for warrants of arrest”, it confirmed in a statement Thursday.

It was the first instance in the court's 22-year history it had issued arrest warrants for Western-allied senior officials.

In its statement, the ICC's Pre-Trial Chamber I, a panel of three judges, said it has rejected appeals by Israel challenging its jurisdiction.

Trump imposed financial sanctions and a visa ban during his first term on the ICC's then-prosecutor, Fatou Bensouda, and other senior officials and staff in 2020.

Trump’s then-administration made the move after Bensouda launched an investigation into allegations of war crimes against US soldiers in Afghanistan.

President Joe Biden lifted the sanctions soon after taking office in 2021.

In January 2024, the international court of justice (ICJ) ruled that Israel must take all measures within its power to prevent genocide in Gaza. However, the regime has ignored the court's verdict.

Cuba has now officially declared its intention to join South Africa’s case against Israel at the ICJ.  Cuba is the 14th country to join the case.

 In December 2023, South Africa initiated legal proceedings against Israel, accusing it of breaching the Genocide Convention in its treatment of Palestinians in Gaza.

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