NOT Financial News

ITR filing has been at a much faster pace than last year and we would advise them not to wait to the last moment and also not to hope for any extensions."So, I would advise them to file their tax return at the earliest because the deadline of July 31 is approaching fast," he said in an interview with news agency PTI. With regard to the tax mobilisation target, Malhotra said, it is more or less in line with the target growth rate, which is 10.5 per cent. Meanwhile, over 2 crore income tax returns (ITRs) have been filed so far this year for the assessment year 2023-24.

Congress on Sunday made it clear that it will not support the Centre's ordinance on the control of administrative services in Delhi and will oppose any such attempt of the central government to «sabotage federalism» in the country. Congress general secretary K C Venugopal said the party's stand is clear as it will oppose any such move by the Centre to intervene in states ruled by opposition parties through the governors and has decided to oppose the Delhi ordinance in Parliament whenever a bill comes up. «We are consistently opposing the attempts of the Union government to sabotage federalism.

Sanjay Malhotra has asked income tax payers to file their return at the earliest as the finance ministry is not contemplating extension of the July 31 deadline. «We expect that the filing would be higher than the last year...we are hopeful that it should be more than the last year,» he said in an interview to PTI. About 5.83 crore income tax returns were filed as on July 31 last year, the last day for filing returns for assessment year 2022-23.

Congress leader Rahul Gandhi e-filed an appeal in the Supreme Court on Saturday challenging a Gujarat High Court order that refused to stay a Surat trial court’s sentencing order, reported TOI. The appeal said, “If the relief is not granted to the petitioner, then he will lose eight years of his career.” Under Section 8(3) of the Representation of the People Act, a person convicted and sentenced to two years for any offence would remain disqualified to contest elections for the jail term and six years after serving the sentence. Rahul Gandhi said the offence registered against him at the behest of one Purnesh Modi, whose lawyer P S Sudheer has filed a caveat in the SC to ensure that Rahul does not get any ex-parte stay on the HC decision, was neither serious in nature nor fell in the category of “moral turpitude” to warrant such severe sentence. Gandhi was disqualified as a Member of Parliament on March 24, 2023 after a Gujarat court convicted him and sentenced him to a two-year imprisonment on charges of criminal defamation for comments he made about the Modi surname.

On 8 July, Ukraine marked its 500th day of holding out against Russia, whose openly revanchist bid to keep Kyiv aligned—and Black Sea access secure—was foiled with such hardy resolve that the war-torn country’s will to embrace the West was left in little doubt. Relations between the two ex-Soviet republics had snapped chiefly over Kyiv’s interest in joining the US-led North Atlantic Treaty Organization (Nato), a mutual defence pact whose nuclear umbrella covers most of the rich West. Russia’s invasion of Ukraine pushed its Nordic neighbours Sweden and Finland to seek the same security.

During an interaction with the Indian community in Bangkok, Foreign Minister S. Jaishankar said that Prime Minister Narendra Modi's exceptional ability to comprehend the intricacies of various matters and translate them into effective policies and programs. Reflecting on his own transition from being a diplomat to a politician, Jaishankar highlighted the contrasting nature of the two roles.

WASHINGTON (Reuters) — The White House's acting national cyber director was informed in recent weeks she would not be considered to serve in a permanent role because of personal debt issues that would make her difficult to confirm, a source with knowledge of the matter said.

Delhi flood updates: Delhi on Saturday only got a momentary relief when Yamuna river waters were noted receding after flooding the national capital. However, later in the day heavy rains lashed the national capital threatening a further surge in the Ganga basin river's water level that has been flowing well over the danger mark since the past week.  In the midst of an ongoing crisis situation that demanded the help of the National Disaster response Force (NDRF) and the Indian Army, the Bhartiya Janata Party (BJP), the Aam Aadmi Party (AAP), and the Congress indulged ina political mud slinging over the infrastructural development of the national capital Delhi.  The road stretches that still remain shut for movement, include Ring Road - Majnu Ka Tilla ISBT - Shanti Van - IP flyover to IP Depot both carriageways, Ring Road - IP Depot to IP flyover to ISBT carriageway, Salim Garh bypass, Old Iron Bridge Pusta to Shamshan Ghat, Outer Ring Road - Mukarba Chowk to Wazirabad carriageway and Ring Road from Shanti Van to Rajghat and towards ISBT.

Omar Abdullah on Saturday said the local political leaders have grown accustomed to curbs put on their movement post-August 2019 but such measures cannot weaken their connect with the masses. The erstwhile state of Jammu & Kashmir was bifurcated into two Union Territories of Ladakh and Jammu & Kashmir in 2019, following the repeal of Article 370 which gave the former state special administrative powers. The former J&K chief minister expressed concern over the militant activity in the region, saying terrorism is rearing its head even in the area which had been declared militancy-free sometime back. Omar was talking to reporters on the sidelines of a party convention of Chenab Valley zone functionaries at Batote in Ramban district. «This is not a new thing (restrictions on movement of NC leaders and PDP chief Mehbooba Mufti). After August 5, 2019, it is a regular affair and we have become habitual of it but we have also learned how to dodge and fight back and we will continue to do so,» he said. On the latest terrorist attack on migrant labourers in south Kashmir's Shopian district despite BJP's insisting that the situation in the valley has improved, Omar said, «We are repeatedly saying that if they claim that the situation has improved, then why not hold elections.»

Nationalist Congress Party leader Nawab Malik is getting «specialized medical assistance» and his right to health or right to life is not infringed in any manner, said the Bombay High Court while refusing him medical bail in a money laundering case being probed by the Enforcement Directorate (ED). The HC further said Malik's medical report does not indicate he is suffering from any critical ailment. On the contrary, the report says the former state minister does not need further hospitalization, the HC observed.

Netweb Technologies IPO: Ahead of the initial public offering (IPO) of computing solutions provider Netweb Technologies India which is set to hit the D-Street on July 17, the company's red herring prospectus (RHP) has highlighted a potential red flag for investors. According to the RHP, the documentary evidence of educational qualifications of two of its promoters or directors of the company - included in the company's ‘management’ is not traceable.

Real estate investment primarily serves two purposes to many people. One is to live in the house with your family, and the second is to earn some income from it if you are not occupying it. When you rent out your property, you wish to make some money or use it to help repay your existing loan in case of a mortgage. However, there are many disputes which may arise when you rent out your property — the most common is when a tenant refuses to pay you the rent or delays it. As a landlord, it is crucial to know your rights and the legal options available to you when faced with such a situation.

Ranil Wickremesinghe has said, days ahead of his first official visit to New Delhi. Wickremesinghe, also the cash-strapped country's finance minister, made this remark while addressing the Indian CEO Forum here this week. «Just as East Asia, including countries like Japan, Korea and China, witnessed significant growth 75 years ago, it is now India's turn, along with the Indian Ocean region,» Wickremesinghe said.

Arvind Kejriwal on Saturday appealed to people of the city not to take selfies or swim in flooded areas as it could be fatal and said the threat of floods was not over yet. His appeal came a day after three boys drowned in a ditch while bathing in floodwaters in northwest Delhi's Mukundpur Chowk area. «Reports are coming from several places that some people are going to play or swim or take selfies or shoot videos in waterlogged places.

India is not keen on allowing Chinese electric vehicle maker BYD to set up shop in the country owing to security concerns, according to a report in the Times of India. «There is discomfort in the home and external affairs ministries over the entry of Chinese players in the wake of the government’s stand to keep players from across the border out of the Indian market, given the security concerns around several of them. There are growing concerns in the government that many joint ventures „arranged“ by the Chinese companies — some of which get state support — are „heavily weighed and controlled by the foreign partner“, while the Indian company is more or less a dummy entity, with not much control on technology, decision-making, and other critical know-how,» the Times of India claimed. «In the BYD case, the government has had similar concerns, which have come to the fore now as the Chinese electric company wants to go aggressive on India.» BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulators to form an EV joint venture, Reuters reported earlier.

The U.S. Securities and Exchange Commission (SEC) has argued in court that approving a firm's S-1 application to go public, does not represent a “blessing” from the agency, nor provide a verification that the business is regulatory compliant.

Yamuna began flowing back on Friday, according to the report by the Hindustan Times. Water in at alteast half a dozen drains back flowed, creating pools of muddy and stinking water. Yesterday the lieutenant governor’s office and the elected government led by Chief Minister Arvind Kejriwal clashed over Drain Number 12.

A U.S. District Judge has set the bail for the former CEO of Celsius Alex Mashinsky at $40 million. 

The rally in global stocks suggests inflation and recession risks are in the rear-view mirror. Goldman Sachs Group Inc. strategists are more skeptical.

Edtech startup Byju's yesterday appointed former Infosys CFO and board member T.V. Mohandas Pai and former State Bank of India chairman Rajnish Kumar to its board advisory council (BAC) -- a newly constituted body to advise its founders on governance, after half of the startup’s board quit enmasse last month.

Like cricket, the mutual fund market is also a great leveller. While in cricket, a top player or a team doesn’t always remain on top of his game, and on many occasions fails, in mutual funds also, top-performing schemes do not always remain the top-performer. The probability of maintaining the top position by a scheme over the long term is less, data shows.