India

New Delhi, Dec 23: The Income Tax Department has identified an additional 67.54 lakh potential non-filers who carried out high value transactions in 2014-15 but did not file return of income. The Non-Filers Monitoring System (NMS) was initiated by CBDT, the policy making body of I-T Department, for identification of non-filers with potential tax liabilities. "The Income Tax Department has

New Delhi, Dec 22: Delhi Chief Minister Arvind Kejriwal today described the resignation of Lt Governor Najeeb Jung as a surprise even as the AAP took a jibe at the LG, saying he worked under the "influence" of the Narendra Modi dispensation. The AAP also questioned whether the power tussle between the Centre and Delhi government will continue even after the appointment of a new LG. Kejriwal said

New Delhi, Dec 22: The resignation of Najeeb Jung as Lt Governor today caught Delhi's political circle by surprise with the Congress terming the exit "unceremonious" and the BJP claiming he was "upset" with the AAP government. Leader of Opposition in the Delhi Assembly Vijender Gupta said a BJP delegation had met the L-G yesterday over delimitation of municipal wards when Jung had "expressed" his

Varanasi, Dec 22: In a scathing attack on opposition for stalling Parliament over demonetisation, Prime Minister Narendra Modi today alleged they were trying to "rescue the corrupt" like Pakistan gives cover fire to terrorists to cross border and said the note ban will expose the 'kala dhan' (black money) as well as 'kale mann' (ill-intentions) of many. "Many people say I had not taken account the

Mumbai/ New Delhi: The central bank and the government often don't see eye to eye even in the best of times, which these certainly are not. The stress of managing the process of demonetisation has brought to the fore some lapses in communication between the Reserve Bank of India and the government. The lack of coordination between the two has come in the way of smoother implementation of several

New Delhi, Dec 22: Tata Steel today said its independent director Nusli Wadia has been removed from the company's board, with 90.8 per cent of shareholders present at yesterday's EGM voting in favour of his ouster. In a regulatory filing, the company said out of its total shares of 97.12 crore, 62.54 crore votes were polled, which translate into 64.4 per cent. "Total vote in favour of the

Mehsana/new Delhi, Dec 22: More than a month after Delhi Chief Minister Arvind Kejriwal alleged in the Delhi Assembly that Narendra Modi, as Gujarat Chief Minister, received money from the Sahara and Birla groups, and a week after the Supreme Court said it didn’t see “even the smallest material” to substantiate the charge, Congress vice president Rahul Gandhi repeated the allegation Wednesday

Mumbai, Dec 21: The per value transcations of debit and credit cards at points of sale (PoS) terminals has declined post-demonetisation, suggesting the country has a long way to move from cash-based economy to a complete digital one, says a report. The debit and credit cards transactions at PoSes were worth Rs 352.4 billion in value terms in November and Rs 181.3 billion till December 13, compared

New Delhi, Dec 21: Congress vice-president Rahul Gandhi Wednesday alleged that Sahara paid Rs 40 crore to Narendra Modi before he became prime minister. He claimed that when Modi was the chief minister of Gujarat, he received multiple payments spread across 2013-14 from the company. Rahul claimed that when the Income-Tax department raided Sahara’s premises in 2014, they recovered documents showing

Mumbai, Dec 21: Under all-round attack, the Reserve Bank today did a U-turn on customers depositing demonetised notes over Rs 5,000 till December 30 by making it clear that there will be no questions asked either in case of one-time or repeat deposits if the accounts are KYC-compliant. Such customers will also not be questioned by bank officials on why they had failed to deposit the old notes