The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR can attract a penalty of Rs 10 lakh under the anti-black money law. The department issued a public advisory as part a compliance-cum-awareness campaign launched recently by it on Saturday to ensure that such information is reported by the assessee in their Income Tax Return (ITR) for assessment year (AY) 2024-25.
Sambhal, Uttar Pradesh, remains on high alert following violence that erupted on November 24 over a court-ordered survey of the Shahi Jama Masjid. Police have deployed heavy security ahead of Friday prayers and a court hearing on the survey, which is expected to be tense. The violence, which left four people dead and several injured, stemmed from claims that a Harihar temple previously stood at the site of the mosque.
Private equity (PE) activity in India between January and November 2024 recorded a total value of $30.89 billion across 1,022 deals, a 22.7 per cent increase in value and an 18.4 per cent rise in deal count compared to $25.17 billion across 863 deals during the same period in 2023. Notable large deals during the period include Walton Street India Investment Advisors at $1.5 billion, and KiranaKart Technologies at $1.35 billion.
Do we have enough trained oncologists and medical professionals in India to man these over 4,500 beds in the public sector?
Get Ahead reader Karthik Iyer is considering taking up a Post Graduate Diploma in Business Administration offered by the Symbiosis Center for Distance Learning. How good is the course?
Brazilian authorities have rescued 163 workers from conditions similar to 'slavery' at a construction site for a factory of Chinese electric vehicle company Build Your Dreams (BYD) in Camacari, Bahia.
'We may see even more restrictive policies during 2.0.'
Sanjay Malhotra takes charge as the 26th RBI governor at a time when headline retail inflation has shot up to 6.2%.
'In addition, we have geopolitics and politics and all the other things that will affect commodity prices.'
The outcome of Maharashtra state elections is unlikely to move markets much, said analysts. The markets, they believe, have bigger developments to worry about in the short-to-medium term.
'After his warm and affectionate farewell speech, the Chief of Staff of the formation asked me, "So, now you are off to Coorg to look after your coffee estates?"' For the last time, in Army uniform and much to his surprise, I replied, "Sir, I am not from Kodagu.".'
What India needs more than one simultaneous election is better governance both at the central and state level. Yes, we need reforms, but our priority should be to make elections less expensive, make it more democratic, do away with freebies which are actually bribes before elections, allow only those who are educated to contest, and bring in a bill to make it impossible for criminals to contest, advocates Ramesh Menon.
President-elect Donald Trump announced a slate of key Cabinet nominations, including tapping former Democratic presidential candidate Robert F. Kennedy Jr. as his Secretary of Health and Human Services and former Congressman Doug Collins of Georgia as Secretary for Veterans Affairs. Trump also named Jay Clayton as US Attorney for the Southern District of New York, Todd Blanche as Deputy Attorney General, and Dean John Sauer as Solicitor General of the United States.
The strong statement from Union Home Minister Amit Shah's office came after former Jammu and Kashmir chief minister Omar Abdullah asked bureaucrats in the Union Territory to resist any pressure to "further disempower" the incoming elected government.
The Maha Kumbh, the world's largest religious gathering, began in Prayagraj, India, with millions taking a dip in the Sangam, the confluence of the Ganges, Yamuna, and Saraswati rivers. Devotees from across India and the world converged for the 45-day event, which is considered to be a particularly auspicious one this year due to celestial alignments. The event is a major logistical challenge for the government, which has implemented several crowd-control measures and security measures to ensure the safety of the millions of pilgrims.
Former Karnataka Chief Minister and Janata Dal-Secular leader H D Kumaraswamy on Wednesday appeared to be warming up to the Bharatiya Janata Party, saying that "a new chapter has to begin to control looters" as he targeted the Congress government alleging corruption.
A BEST electric bus, traveling at a speed of 46 kmph, collided with a crowd in Kurla, Mumbai, killing seven people and injuring 42 others. The driver, Sanjay More, has been arrested for reckless driving. The accident has raised concerns about speed limits and training for drivers of automatic transmission buses.
Donald Trump's exaggerated opinion of his dealmaking capacity can get him into trouble, observes R Sriram.
Troubled edtech firm Byju's founder Byju Raveendran on Thursday said that he is willing to pay back the entire money to lenders if they are willing to work with him. During a two-and-a-half-hour call with the media, Raveendran said that lenders will not get any money if the process of insolvency against the company continues. "If they are willing to work with me, I am willing to give them money back before I take a single rupee out.
'Communist China continues to aggressively expand its domain in the Indo-Pacific region.' 'It's crucial for the USA to continue its support in countering these malicious tactics.' 'India, along with other nations in the region, is not alone.'
A notification issued by the state home department on Friday said the IPS officer, as the then Government Railway Police commissioner, permitted the erection of the hoarding without taking mandatory permission from the office of Maharashtra director general of police.
'The visit of the honourable PM with the workable strategy towards conflict resolution will help greatly.' 'But visiting the state without concrete proposals may not bring the desired outcome at this stage.'
The December meeting of the Reserve Bank of India's (RBI's) six-member Monetary Policy Committee (MPC) will start on Wednesday even as there is no clarity on whether Governor Shaktikanta Das, the chair of the panel, will continue in office after his term ends next week. The outcome of the meeting will be announced on Friday by Das at 10 in the morning.
'With India's growing capabilities in the space sector, this creates promising opportunities for enhanced collaboration and market access.'
Do not underestimate the ingenuity of the Deep State in America to have its way. Keeping the guard down will be a catastrophic mistake on the part of the Delhi establishment. We could get hit when least expected. That's what happened in Bangladesh and Syria, warns Ambassador M K Bhadrakumar.
Prayagraj is transforming into a massive temporary city to host the Maha Kumbh, the world's largest religious gathering, expected to draw over 40 crore pilgrims. The preparations include extensive infrastructure development, including 160,000 tents, 150,000 toilets, and a 1,250-km pipeline network. The event, starting on January 13, will culminate on February 26, bringing together millions of devotees for the holy dip at the confluence of the Ganga, Yamuna, and Saraswati rivers.
Vivek Saini, a part-time clerk at a store that sheltered Faulkner, had shown kindness to the accused for almost two days and provided him with chips, a coke, water, and even a jacket for warmth, M9 News Channel reported on Sunday.
'Corporations that were recruiting 15 or 20 [students] have reduced the number to two or three.'
India face competition from Saudi Arabia, Qatar and Turkey, who are positioning themselves as strong contenders to host the 2036 Olympics.
'Today, we have 150,000 orders a month. And a monthly sale of Rs 1 crore.'
There is a definite attempt to put the landslides on the backburner because news of them and climate change worry Wayanad's tourism and real estate businesses greatly. Whatever I experienced of Wayanad's 2024 by-elections; the July landslides were not a burning issue, observes Shyam G Menon.
Describing the conflict between Israel and Hezbollah as the deadliest in decades, Biden said lasting security for the people of the two countries cannot be achieved only on the battlefield.
'A long-term investor with a 4 to 5 year horizon could invest in this theme via SIPs.'
Masters Programme in Business Economics.
A 20-year-old BBA student in Greater Noida was allegedly strangled to death by four friends after an argument broke out and buried his body 6 ft deep inside a farmland in Amroha, police officials said on Thursday.
The United States has a broken immigration system that needs to be repaired, Vice President Kamala Harris said on Wednesday in a rare interview with the Republican-leaning news channel during which she sparred with its popular host.
'Geopolitics will be the most important driver of financial markets in 2025.'
It is similar to top-up health insurance plan, but provides for one or more claims cumulatively crossing the threshold limit.
'This victory would mean a huge inspiration for the next generation who can say that coming from India I can be anybody I want to be if I work hard and acquire the right skills.' 'They could be the next President, members of the Senate, or another Sundar Pichai.'
The Indian rupee is likely to depreciate further against the US dollar through the end of 2024. This is due to the continued strengthening of the greenback, combined with the weakening of the Chinese yuan, which is expected to keep pressure on the Indian currency.
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