Saurav Mukherjee

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India Sep 26, 2020

Isher Judge Ahluwalia, Renowned Economist, Dies Due to Brain Cancer At 74

After battling for almost 10 months with brain cancer, renowned economist Isher Judge Ahluwalia died on Saturday at the age of 74 years. Isher was suffering from Grade-IV glioblastoma, which is considered to be the toughest of all cancers.
India Sep 25, 2020

What is Faceless Income Tax Appeals System? Know All About How This System Will Function

The Central Board of Direct Taxation (CBDT) on Friday launched the faceless income tax appeals. With this new scheme, all the income tax appeals would be finalised in a faceless manner. The move is aimed at simplification of tax processes and for ease of compliance for the taxpayers.
Social Viral Sep 20, 2020

Gujarat's BJP Legislator Madhu Shrivastav Flouts COVID-19 Safety Protocols, Dances at Temple in Vadodara Without Wearing Mask (Watch Video)

Amid the rise in coronavirus cases in the country, Gujarat's BJP legislator Madhu Shrivastav was caught on camera for flouting the safety protocols in Gajrawdi area in Vadodara. He was seen singing bhajans along with his supporters inside a crowded temple without wearing a mask.
Technology Sep 18, 2020

Paytm Back on Google Play Store After Being Pulled Down For Alleged Violation of Gambling Policies

One97 Communications Ltd's payment app Paytm on Friday announced that they are back on Google Play Store for download. Earlier in the day, Google had pulled down Paytm and Paytm First Games for alleged violation of gambling policies. However, its sister apps like Paytm for business, Paytm money, Paytm Mall, and others -- were still available on the Google Play Store.
Technology Sep 18, 2020

Paytm Vanishes From Google Play Store Along With Paytm Games, Reports Cite Alleged Violation of Gambling Policies As Reason For Apps' Removal

Payment app Paytm and Paytm First Games have been pulled down from Google Play Store on Friday for alleged violation of gambling policies. The apps, which are owned by One97 Communications Ltd, are not visible when being searched on Google Play Store.
India Sep 16, 2020

Onions Export Ban Row: BJP MP Tejasvi Surya Writes to Piyush Goyal, Seeks Exemption for 'Bangalore Rose' Bulbs from Banned List

With the DGFT on Saturday prohibited export of all varieties of onions -- including Bangalore Rose onion and Krishnapuram onions, Bengaluru South Lok Sabha MP Tejasvi Surya on Wednesday wrote to Piyush Goyal. He requested the Union Minister to exempt Bangalore Rose variety of onions from the banned list.
India Sep 16, 2020

Delhi Riots Case: Police File 10,000-Page Chargesheet in Court, Umar Khalid's Name Not Included, Say Reports

The Delhi Police on Wednesday submitted 10,000 pages charge sheet in the court in the North-East Delhi riots case. However, former Jawaharlal Nehru University student Umar Khalid's name has not been mentioned as of yet. As per initial details, 15 accused have been named in the charge sheet.
India Sep 15, 2020

Mukesh Ambani's Reliance Puts Carlyle and SoftBank on Waiting List for Acquisition of Stake in Retail Business

With Mukesh Ambani's Reliance Retail planning to sell about a 10 per cent stake to financial investors, reports arrived that Carlyle and SoftBank have been put onto a waiting list. Reliance is in talks with Abu Dhabi's Mubadala for an investment of about $750 million (roughly Rs 5,507 crores).
India Sep 09, 2020

EPFO Update: Ministry of Labour Hikes Employees’ Deposit Linked Insurance Benefits From Rs 6 Lakh to Rs 7 Lakh

Union MoS for Labour & Employment Santosh Gangwar on Wednesday increased the maximum assurance benefit to up to Rs 7 lakh under the Employees’ Deposit Linked Insurance (EDLI) scheme. The Labour Ministry also launched a virtual hearing facility in quasi-judicial cases under Employees Provident Funds & Miscellaneous Provisions Act, 1952.
India Sep 04, 2020

Finance Ministry Issues Guidelines for Ministries on Rationalisation of Non-Priority Expenditures, Bans Creation of New Posts and Bars Functions at Offices

The Finance Ministry, in a move to ensure availability of adequate resources for critical priority schemes, issued guidelines for ministries on rationalisation of non-priority expenditures. It banned the creation of new posts and barred functions at offices.
India Sep 02, 2020

Income Tax Return Filing Update: Finance Ministry Provides 'ITR Filing Compliance Check' Functionality for Commercial Banks to Keep Track of Cash Withdrawals by Non-Filers

The CBDT -- under the Union Finance Ministry -- on issued a circular informing that the department had provided 'ITR filing compliance check' functionality for scheduled commercial banks to check the income tax (IT) return filing status by the non-filers. The new function will enable the government to curb black money.
India Sep 01, 2020

India's GDP Shrinks by 23.9% in Q1 of FY 2020-21, Worst in Past 40 Years

India's Gross Domestic Product growth for the first quarter of FY-2020-21 contracted by 23.9 per cent. This shrink has put India as the worst-performing nation amongst the highest countries' list whose economies were sliced by the COVID-19 pandemic.
India Aug 31, 2020

India's GDP Contracts by 23.9% in Q1 of FY 2020-21

India's Gross Domestic Product (GDP) for the first quarter (April-June) Q1 of FY 2020-21 hit a record low of 23.9 per cent, shows the data released by Ministry of Statistics and Programme Implementation's National Statistical Office (NSO) on Monday. In the previous quarter (January-March of FY 2019-20), the GDP figure stood at 3.1 per cent.
India Aug 30, 2020

CBDT Asks Banks to Refund Charges Collected from Customers After January 1, 2020, on Digital Transactions Through Debit Card, UPI and QR Mode

The CBDT on Sunday issued a circular advising the banks to immediately refund the charges collected from customers after January 1, 2020, on transactions carried out using the electronic modes. The CBDT even advised the banks not to impose charges on any future transactions carried through debit cards, UPI or UPI QR code modes.
India Aug 25, 2020

RBI Announces Sale for Govt Securities Under Special Open Market Operations of Rs 20,000 Crore in 2 Tranches, Check Date of Auction And Other Details About OMOs

The RBI on Tuesday announced to conduct simultaneous purchase and sale of government securities under Open Market Operation (OMO) of Rs 20,000 crore. The Special OMO of simultaneous purchase and sale of government securities will be conducted in two tranches of Rs 10,000 crore each on August 27, 2020, and September 03, 2020, respectively.
India Aug 18, 2020

Mukesh Ambani Slips to Sixth Position in List of Richest Persons in the World After Tesla's Elon Musk and LVMH's Bernard Arnault Overtake Him

Reliance Industries' Chairman Mukesh Ambani on Tuesday slipped to the sixth position in the world's richest persons' list after Tesla and SpaceX CEO Elon Musk on Tuesday became the fourth-richest person. The fifth position was acquired by French billionaire Bernard Arnault who owns LVMH Moët Hennessy.
India Aug 16, 2020

Swavalamban E-Summit 2020: Nitin Gadkari Vows to Increase India's Exports from 48% to 60% in Next 5 Years, Generate 5 Crore Jobs in MSME Sector Under Atma Nirbhar Bharat

Union Minister for MSME Nitin Gadkari on Sunday said that the government is planning to increase the export of Indian products from 48 per cent to 60 per cent in next five years and generate five crore jobs under Atma Nirbhar Bharat initiative. Currently, India's MSME contributes 30 per cent in revenue generation of India's GDP.
India Jul 17, 2020

CBDT Issues Rs 71,229 Crore Worth Refunds Since April 8 to Help Taxpayers With Liquidity Amid COVID-19 Pandemic

The CBDT on Friday informed that it has issued refunds worth Rs 71,229 crore in more than 21.24 lakh cases by July 11. The Union Ministry of Finance's body stated that this move has been undertaken to help the taxpayers with liquidity in COVID-19 pandemic days.
India Jul 16, 2020

Neela Satyanarayan, Maharashtra's First Woman Chief Election Commissioner, Dies Due to COVID-19

Maharashtra’s first woman chief election commissioner Neela Satyanarayan died on Thursday. She was 72-years-old and was admitted at Seventh Hills Hospital after she was diagnosed with coronavirus. She is the first IAS officer in the state to succumb to COVID-19.
India Jun 03, 2020

Finance Ministry Disburses Rs 53,248 Crore for 42 Crore Poor People Under Pradhan Mantri Garib Kalyan Package, Here Are All Details

The Union Finance Ministry announced that around 42 crore poor people received financial assistance of Rs 53,248 crore under the Pradhan Mantri Garib Kalyan Package (PMGKP). The Union Ministry informed that this allotment is part of the Rs 1.70 lakh crore PMGKP, under which Centre announced free food grains and cash payment to women and poor senior citizens and farmers.

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