In a recent case of shootout in the Ghazipur district of Uttar Pradesh, a Rashtriya Swayamsevak Sangh (RSS) worker and local Journalist, Rajesh Mishra lost his life. Reportedly, he was shot dead at his shop in the district's Karanda area by some bike-borne attackers.
Mishra's brother, Mitesh Mishra who was present at the time of the murder is critically injured. Police are investigating the case but no one has yet been arrested in the matter. Reportedly, the Mishra brothers were on their way to...
Diwali night was certainly one starry night with many B-town celebrities hosting lavish Diwali parties to add sparkle and glamour to the festival. Bollywood’s Yoga Queen Shilpa Shetty was one of the many celebs to throw a grand party at her residence in Mumbai on the occasion.
Many popular and bright faces of Bollywood industry walked it for the celebration along with their family. At Shilpa's grand party, the star kids stole the limelight in traditional attires while flaunting their best festive...
Tamil Superstar Vijay's latest release, 'Mersal' is surrounded by controversies ever since hitting the theatres on October 17th due to the politically-offensive dialogues in the film. The reference to Goods and Services Tax has irked the BJP leaders who are hell-bound at getting the scenes chopped from the film.
While the ministers advocate that the central taxation regime has been presented in the bad light through various references, Vijay's fans and admirers feel that the film is taking up the...
While investigating the case of an engineer of Indian origin who was jailed in Peshawar on espionage charges, A Pakistani journalist named Zeenat Shahzadi was kidnapped two years ago. As per the officials, the 26-year-old reporter of Daily Nai Khaber and Metro News TV channel was finally rescued.
Reportedly, Zeenat was kidnapped by some unidentified men in a populated locality of Lahore on August 19, 2015, on her way to work. It was believed that Shahzadi 'forcibly disappeared' while she was working...
The Indian Banks’ Association (IBA) has questioned the jurisdiction of the Unique Identification Authority of India (UIDAI) in issuing directions to banks under the Aadhaar Act, according to news reports.
As per reports IBA has written to the ministry of electronics and information technology, the Reserve Bank of India (RBI) and the finance ministry’s department of financial services (DFS), arguing that under the Banking Regulation Act only RBI has the mandate to issue directives to banks.
In an appreciative decision, Supreme Court banned the sales of firecrackers in Delhi-NCR with effect from October 9 till November 1. The decision was taken in wake of a petition which requested the apex court to restore last year's ban.
The ban was restored keeping in mind that a number of firecrackers that are burst during festive season add to the already alarming levels of air pollution in Delhi. Many responsible citizens of the country supported the decision and urged their near and dear ones...
Panama Papers: I Welcome Such Investigations And Expose, Says FM Arun Jaitley
NEWS WORLD INDIA | 0
April 4 , 2016 , 16:30 IST
Amid reports of some Indians having unaccounted wealth in tax havens, Finance Minister Arun Jaitley on Monday said those who did not take advantage of the compliance window last year to declare illegal assets abroad will find "such adventurism extremely costly".
The minister said global initiatives to deal with the menace of unaccounted wealth abroad will be in place by 2017, and then it would become extremely difficult for individuals to hide assets.
"I welcome such investigations and expose", he said.
ALSO READ: Panama Papers: All You Need To Know About The Biggest Confidential Docs Leak
"With G20 initiatives, FATCA and bilateral transactions in place with effect from 2017, the world is going to be a far more transparent institution and therefore, this kind of an adventurism will prove to be extremely costly for those who have indulged in it," Jaitley said while addressing the annual session of industry body CII.
His statement comes on a day when a newspaper, based on leaked documents of Panama law firm Mossack Fonseca, reported that over 500 Indians including some well known names figure in the list of persons having association with firms in tax havens.
Jaitley said those who did not take advantage of the black money compliance window last year to declare undisclosed overseas assets will realise their mistake.
"I had come in for adverse comment including some of my friends here when in 2015 Budget we had announced a strong penal law against illegal assets abroad. At that stage I had said that those who committed mistakes in the past are getting last opportunity with a compliance window in place.
ALSO READ: Panama Papers: 500 Indians Named Including Top Celebs In Global Tax Evasion Scheme
"The compliance window operated (and), many availed but probably some didn't. Today when I see contrarian reports appearing (in media), which are not only impacting India...which are impacting the rest of the world. I think it is a stern reminder to all of us," he said.
The Finance Minister also said there are still some sectors which have been adversely impacted by business environment around the world, more particularly in this country.
"The government and industry will have to put their heads together, work in tandem to address each of the sectoral concerns. Obviously, those sectoral concern have fallout on the overall economy," Jaitley said.
The gross Non Performing Assets (NPAs) of public sector banks (PSBs) increased from 5.43 per cent as on March 2015 to 7.30 per cent as on December 2015. Gross NPAs of PSBs increased from Rs 2,67,065 lakh crore in March to Rs 3,61,731 lakh crore in December.
Talking about the stalled project, he said, the Prime Minister's Office is directly looking at them.
A large number of them have got started in several sector, he said.
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