Yettinahole water project to be completed by 2027: D K Shivakumar

News Network
August 29, 2024

Deputy Chief Minister D.K. Shivakumar visited Kesavanahalli village in Sakleshpur taluk, Hassan district, on Wednesday to inspect the trial run of the Yettinahole project, particularly near the Kumbaradadi coffee estate.

During his visit, Shivakumar announced, "Today, we have initiated trial runs for five of the eight check dams, lifting around 1,500 cusecs of water. The remaining works will be launched by the Chief Minister at an auspicious time. I will discuss this further with the Chief Minister."

Highlighting the importance of the project, he added, "The Yettinahole project is a key initiative for our government. I commenced the trial run with a 'Ganga puja.' Although officials provided me with documents and videos, I wanted to see the progress firsthand, which is why I visited the site today."

Shivakumar also shared the financial progress of the project, stating that Rs 16.152 crore has been utilized as of July 2024. He outlined plans to prioritize the project's completion by March 31, 2027.

The Yettinahole project aims to supply 24.01 tmc of water for drinking purposes to several districts, including Kolar, Chikkaballapur, Bengaluru Rural, Ramanagara, Tumakuru, Hassan, and Chikkamagaluru. Approximately 14.056 tmc of water will be distributed to 38 towns and 6,657 villages across 29 drought-affected taluks, benefiting 7.559 million people. Additionally, the project plans to release 9.953 tmc-ft of water to 527 lakes in Kolar, Chikkaballapur, Bengaluru Rural, Hassan, and Tumakuru.

Addressing delays, Shivakumar stated, "During my previous visit, I had set a deadline, but the project has been delayed by two to three months. However, we have managed to complete most of the work, except for tasks related to the Forest Department. We will engage with the department to address these pending issues."

Also present at the inspection were Minister D. Sudhakar, MP Shreyas Patel, MLA K.M. Shivalingegowda, Sharat Bachegowda, Additional Principal Secretary of Water Resources Gaurav Gupta, Deputy Commissioner Satyabhama, and other officials.

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Agencies
February 14,2025

jeninWB.jpg

Israel has conducted a fresh drone attack on the Jenin refugee camp, as the Palestinian foreign ministry urges the international community to take a serious action to stop the regime’s intensified aggression on the occupied West Bank.

In the early hours of Friday, media reports said an Israeli drone targeted homes in the Jenin camp in the northern part of the West Bank.

Since a ceasefire in Gaza was announced last month, Israel has intensified its attacks in Jenin and other parts of the occupied West Bank.

At least 25 Palestinians have been killed in Israel’s raids in Jenin this year, which have also displaced nearly 20,000, according to the camp’s media committee.

The Israeli army also continues to destroy homes and infrastructure in the West Bank city of Tulkarm and its two camps.

According to the Tulkarm Camp’s Media Committee, nine people have been killed, and about 10,500 others --around 80 percent of its population --  have been displaced since Israeli forces began the assault on the camp.

Video footage showed Israeli bulldozers destroying homes in Tulkarm’s Nour Shams Refugee Camp on Thursday.

The Palestinian Prisoner’s Society (PPS) said at least 380 people have been detained by Israeli forces since the start of their large-scale military raids in the West Bank after the Gaza ceasefire went into effect on January 19.

The deal between Israel and Hamas was reached after 15 months of the regime's genocidal war on the strip, which claimed the lives of at least 48,239 Palestinians, mostly women and children, and injured 111,676 others.

The regime agreed to the ceasefire after falling short of realizing any of its wartime objectives, including freeing the captives, “eliminating” the Gazan resistance, and causing forced displacement of Gaza’s entire population to neighboring Egypt or Jordan.

The Palestinian Foreign ministry on Thursday urged the international community to take “an urgent and effective action” to force Israel to stop its aggression on the West Bank.

Referring to Israeli crimes in the occupied territories, including the forced displacement of tens of thousands of Palestinians from their homes and the destruction of homes and infrastructure, the ministry said the international silence emboldens Israel to commit more crimes and enables it to continue its crime of ethnic cleansing.

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News Network
February 6,2025

Mangaluru: A man has reportedly lost ₹13 lakh after falling victim to an online trading scam. The incident began on December 14, 2023, when he received a WhatsApp message adding him to a group named "VIP3 Global Securities Official Stock Community."

The message introduced Ajay Garg as the director and CEO of SMC Group, claiming he was participating in an international stock returns competition and urging members to vote for him. The group also provided stock market investment guidance and encouraged users to open an SMC Global Securities Trading Account to access IPO stocks.

Upon inquiring in the group, the complainant was contacted by an individual claiming to be an international customer service representative at SMC Global Securities. This person, later identified as Vandana Bharti from the Institutional Brokerage, claimed she could secure high-value IPO stock allotments. The complainant was instructed to download the SMC Global Securities Trading App using a specific link, which promised 30 days of free VIP trading advice and stock market insights. He registered on the app using his PAN and mobile number and began applying for IPO stocks.

Initially, the complainant was allotted ₹15,000 worth of IPO stocks from Dam Capital Advisers Limited. The scammers claimed that ₹5,000 was covered by the company, requiring him to pay only ₹10,000, which he transferred on December 25. Soon after, he was allotted ₹1.4 lakh worth of IPO stocks from Anya Polytech & Fertilisers and was pressured to pay immediately. On December 31, he transferred the amount.

The scammers continued assigning higher-value IPO stocks, eventually allotting ₹9.9 lakh worth of stocks from Standard Glass Lining Technology Limited. When the complainant expressed an inability to pay, he was pressured into taking a ₹9 lakh loan via a mobile lending service.

On January 20, he attempted to withdraw ₹1 lakh from the SMC Global Securities Trading App to check if funds could be recovered. The withdrawal was processed successfully the same day, reinforcing his trust in the platform. However, subsequent attempts to withdraw funds were unsuccessful, and the complainant realized he had been defrauded.

Authorities are investigating the incident and cautioning the public to be vigilant against such fraudulent schemes.

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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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