Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Kerala Finance Minister KN Balagopal on Friday urged the Centre to provide more fiscal powers to the states as well as increase the shareable proportion of the GST collections. Besides, he asked the central government to expedite approval for the semi-high-speed railway line or the Silverline project from Thiruvananthapuram to Kasargod. The project is mired in controversies.
Indian airline Go First is considering legal action against Pratt and Whitney (PW) for failing to provide compensation after March 2020 for planes grounded due to engine supply delays, sources said on Thursday. About 90 per cent of the airline's fleet of aircraft uses PW engines. About 24 of the airline's 55 planes are grounded due to delays in engine supply by PW.
Infosys was the only large-cap IT player to report sequential constant currency (cc) revenue growth for the June quarter (1 per cent ), which was ahead of analyst expectations, but the company's sharp downward revision in its growth guidance took most brokerages by surprise. In line with the cut in its FY24 revenue guidance (cc) to 1-3.5 per cent, brokerages have unanimously reduced FY24 EPS estimates for the company in the range of 2-4 per cent, though the Street is likely fearing even further downside, they say. Global brokerages Macquarie and Nomura downgraded Infosys to underperform and reduce ratings, respectively, with the latter cutting the target price to Rs 1210 from Rs 1260.
The picture of the woman home guard with amputated legs sent shock waves across the state with Odisha Human Rights Commission (OHRC) taking suo motu cognisance of the matter and directing the Director General of Police (DGP) to inquire into the matter and submit a report by September 15.
Nobody is held accountable for lapses, no matter how badly it affects the person or business whose accounts are frozen. Nor is there compensation for losses. Most people get to know their accounts are blocked only when a cheque bounces, points out Debashis Basu.
The Congress has projected unity to take on the Bharatiya Janata Party in the assembly polls in Rajasthan but "core issues" between Chief Minister Ashok Gehlot and his bete noire Sachin Pilot remain unresolved, according to sources close to Pilot.
Chief Minister Zoramthanga, deputy CM Tawnluia, ministers, and MLAs of the state cutting across party lines took part in the massive protest rally in Aizawl.
Scores of protesting Kashmiri Pandit prime minister's package employees on Monday reiterated their demand for relocation outside the valley, saying their worst fears have come true with the latest killing of a community member in Pulwama.
While prices sustaining lower levels is crucial, Govt actions are also a key monitorable given the forthcoming elections in 2024.
They want compensation for the families of the Iraqis who died fighting American troops in Fallujah and the release of all Iraqis held in US and Kuwaiti jails.
Amid speculation over Congress leader Sachin Pilot's next move, sources close to him on Tuesday said he was firm on his demands, including action against alleged corruption during the previous Vasundhara Raje government, and was waiting for a definitive response from the party high command.
A top-class board is important from a systemic point of view, more so at a time when the wider financial world and India Inc is chasing the same talent as banks.
Observing that it does not propose to run the administration in Manipur, the apex court said necessary verifications shall be carried out before issuing the Aadhaar cards expeditiously.
The 'kisan mahapanchayat' will be held to press for a legal guarantee on the minimum support price, the SKM, an umbrella body of farmers' union, had said last month.
Conflicting views on Coal India (CIL) might leave investors confused. The bullish perspective that India has strong power demand (and also high steel production) means high demand for coal. As CIL is the monopoly producer of coal -- supplying over 80 per cent of the domestic requirement - the public sector undertaking should be a beneficiary of the rising power demand.
Engineering giant Larsen & Toubro (L&T) handed out a pay cheque of Rs 61.27 crore to its chief executive officer (CEO) and managing director (MD) SN Subrahmanyan in the last financial year (FY22), which is a near 115 per cent hike over FY21, as executive compensation at India Inc comes under sharp focus after two years of Covid-19. In fact, the total compensation of L&T's executive directors (including Subrahmanyan) in FY22 was 120 to 670 times the median remuneration of the company's employees, data from its FY22 annual report shows. This points to sharp hikes that the top management saw in their remuneration during the period, experts in human resources said. In FY21, L&T's executive compensation was 56 to 337 times the median remuneration of company employees.
The family of the fire-fighter who was killed in the massive fire that engulfed a 22-storeyed commercial building in Mumbai on Friday has refused to take his body, CNN IBN reported.
Prime Minister Narendra Modi's brother Prahlad Modi, who is also the vice president of All India Fair Price Shop Dealers' Federation, on Tuesday staged a dharna here with various demands of the organisation. Prahlad along with several other members of the All India Fair Price Shop Dealers' Federation (AIFPSDF) gathered at Jantar Mantar, holding banners and raising slogans.
The administration started preparing for the demolition of two precariously standing hotels in subsidence-hit Joshimath in Uttarakhand on Tuesday, but faced protests from their owners and locals on the issue of compensation, while more families were evacuated from the danger zone as the number of affected houses rose to over 700.
The Pulwama widows have been protesting since February 28, demanding a change in rules so that their relatives and not just children can get government jobs on compassionate grounds.
Mickey Arthur is demanding 3.6 million dollars in compensation or reinstatement as Australia's cricket coach following his sacking last month, according documents seen by the country's Seven News TV station.
As Manipur sank deeper into ethnic violence, the Supreme Court on Monday ordered the setting up of a committee of three former women high court judges to oversee relief and rehabilitation of victims and compensation to them, besides asking former Maharashtra police chief Dattatray Padsalgikar to monitor the probe in criminal cases.
The central bank is the money manager of the government, and not a guarantor of any debt.
'We told the government that we won't dance to their tunes this time.'
Cellular industry's hopes for a compensation in lieu of unified licence may be dashed with the Telecom Regulatory Authority of India finding no merit in it since the cellular operators have already been given sops over Rs 30,000 crore.
Refusing to accept the tribunal's decision, the families said they would take the matter to a higher court, seeking justice for their sons and hoping to unmask the truth behind the fateful encounter.
Maharashtra Chief Minister Eknath Shinde on Sunday ordered a probe into a road accident on the Samruddhi Expressway which claimed 12 lives.
When he started his indefinite hunger strike in support of Maratha quota in a village in adjoining Jalna district on August 29, it largely went unnoticed, but everything changed on September 1 when violence broke out when local authorities tried to move him to hospital.
The earnings of India Inc hit a record high in the 2022-23 (FY23) January-March quarter (fourth quarter, or Q4), compared with their poor showing in the previous two quarters of the financial year. The rise in earnings, however, is exclusively led by banking, financial services, and insurance (BFSI) companies. A better-than-expected showing by banks and non-bank lenders in Q4FY23 more than compensated for the earnings contraction in the non-BFSI space.
Chaudhary, who took 13 hours to reach Lakhimpur Kheri from Delhi, several hours more than it would take to cover the 420 km-odd distance, also met the families of some of the farmer victims to learn their story of loss.
There will be a lot to repair and rejuvenate -- if that opportunity even presents itself, warns Rathin Roy.
The company has received a Civil Investigative Demand from the US Department of Justice, Ranbaxy Laboratories said in a filing to the BSE.
In a press statement, the foreign ministry here said 10 Nepali nationals lost their lives in the recent attack by Hamas in Israel.
Even as the slowdown in the information technology (IT) services sector deepens, banking, financial services and insurance (BFSI), as well as oil and gas companies, emerge as the primary drivers of corporate earnings in the country. The IT services sector's share in corporate earnings declined to a five-year low of 17.4 per cent in the second quarter (Q2) of 2023-24 (FY24), whereas banks and finance companies accounted for 46.5 per cent, and oil and gas firms contributed 16.8 per cent. At their peak, IT services firms like Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro represented just over a third of the combined net profit of all listed companies in the Business Standard sample.
The government has decided to give Rs five lakh each to the next of kin of victims of the 1984 anti-Sikh riots triggered after assassination of the then prime minister Indira Gandhi.
The Indian board (BCCI) will consider a further increase in salaries for its contracted players after leading cricketers expressed dissatisfaction with the pay raise announced last month.
Information technology major Wipro has asked candidates who have successfully completed their training and who were offered Rs 6.5 lakh per annum earlier whether they would be willing to take up projects for an annual compensation of Rs 3.5 lakh. Wipro told Business Standard that it had to adjust its onboarding plans "in the light of the changing macro environment and, as a result, our business needs". "Like others in our industry, we continue to assess global economies and customer needs, which factor in our hiring plans.
Not satisfied with the judicial probe ordered by the Orissa government into the violence in Kandhamal, Christian leaders have demanded a CBI inquiry and immediate compensation to the next of kin of those killed and the injured.
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