Frauds can have immediate impact on the banks' financials and can also cause a systemic risk in extreme cases
Tax consultants and chartered accountants have started receiving a flurry of calls from their clients - both corporate and individuals - seeking clarity over changes in the reassessment regime made during the recently concluded Budget Session of Parliament. Tax experts apprehend the amendments may lead to the income-tax (I-T) department sending out more notices. The new provisions, effective from April 1, have extended the scope for tax sleuths to reopen the past assessments.
'There is much to glean from such exercises. And make it known that we are ready to take them on together!', says Air Commodore Nition Sathe (retd).
On the sweeping plains at the foot of Mount Kilimanjaro, a group of female wildlife rangers is making history by defying patriarchal norms.
Uttar Pradesh government officials on Monday morning used a bulldozer to remove encroachment done by absconding politician Shrikant Tyagi outside his Noida residence.
Police resorted to baton charges and fired tear gas shells to disperse the protesters.
Pakistan Muslim League-Nawaz (PML-N) president Sharif, 70, and Pakistan Tehreek-i-Insaf (PTI) vice-chairman and former foreign minister Shah Mahmood Qureshi on Sunday filed their nomination papers for the post.
United States President Barack Obama knew that German Chancellor Angela Merkel's mobile phone was being tapped and personally approved the spying, which may have begun as early as 2002, a damning media report said on Sunday.
The Opposition PPP on Thursday alleged that the PTI-led government was planning an assault on the Sindh House in the federal capital.
Dominic Xavier is puzzled by the NIA's campaign against Leftist activists and intellectuals and wonders if we will ever get to know the truth behind all these arrests.
Twenty-five-year-old Tanushree Pareek will now be posted to command a unit along the India-Pakistan border in Punjab.
'But India, increasingly, is not that far behind, which is a story I never expected to tell.'
as journalists active in Pakistani media have been quick to point out, with Ghafoor at the helm in Balochistan, no one will take seriously any claims by the civilian leadership to use the velvet glove to work for peace there, points out Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.He did not hesitate to pejorate developments in India at the slightest opportunity, points out Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
The AIADMK is convinced that the BJP will remain an electoral burden for a long time to come, beginning the Lok Sabha polls next year, reveals N Sathiya Moorthy.
The CBIC has come out with guidelines on blocking of tax credit by GST field officers, saying that such blocking should be on the basis of 'material evidence' and not just out of 'suspicion'. The guidelines laid down five specific circumstances in which such credit could be blocked by a senior tax officer. These include availment of credit without any invoice or any valid document, or availing of credit by purchasers on invoices on which GST has not been paid by sellers.
These jobs don't necessarily require a degree in engineering or specialisation in coding.
Preparations are underway for Kumbh Mela 2021 to be held from April 1 to 30 in Haridwar. The Uttarakhand government has decided to limit the Kumbh this year to 30 days.
What has really alarmed the police, and also the families of young drug abusers, is the entry of "chitta" -- a highly refined white powdery semi-synthetic substance (mainly heroine) -- into the drug scene and has spread like wildfire among the state's youth. Ashwani Sharma reports.
Six members, including three women, of the outlawed Communist Party of India (Maoist) were killed in an alleged exchange of fire with the elite Greyhounds of Andhra Pradesh Police in Visakhapatnam district on Wednesday, while a fierce gunbattle took place between security forces and Maoists in neighbouring Odisha's Malkangiri district.
'I will study at a private English medium school and become an IAS officer, my aim is clear.'
External Affairs Minister S Jaishankar has slammed the mainstream American media, including The Washington Post, for their 'biased' coverage of India.
Gota has to decide if he could order elder brother Mahinda's arrest as the agent provocateur of Monday's violence. Then he has to prepare for an interim government, in which no one would now want to become a cabinet minister leave alone prime minister, explains N Sathiya Moorthy.
Moris, dressed in a wedding gown designed by British designer and Assange supporter Dame Vivienne Westwood, arrived at the prison with her sons and Assange's father Richard and brother Gabriel.
The decision to extend the tenure of the two intelligence chiefs was taken due to the forthcoming general election by the prime minister-led Appointments Committee of the Cabinet.
The US President told reporters that he and Pompeo are on the same page. "With Mike, Mike Pompeo, we have a very similar thought process. I think it's going to go very well," Trump said.
.jpg)
Ruling out any third party intervention on the Kashmir issue, Union Minister Shashi Tharoor said had Pakistan acted in the spirit of the Simla accord the question of external mediation would not have come up.
He is the first British prime minister to visit Gujarat.
Tractors from Punjab, Haryana, and Rajasthan have also reached on Tikri border between Delhi-Haryana as the farmers sit in for protest for nearly two months. The move comes as Delhi Police formally granted permission for the rally on January 26, assigning them routes for the same.
Violence broke out on Sunday near Kallakurichi as protesters demanding justice over the death of a girl student went on a rampage setting fire to vehicles and indulged in stone pelting, in which police personnel also became the target.
President Barack Obama on Thursday called German Chancellor Angela Merkel and told her that the United States has not monitored her cellphone communication, a presidential spokesman said.
"The 21st century peacekeeping must be anchored in a strong ecosystem of technology and innovation that can facilitate UN peacekeeping operations in implementing their mandates in complex environments," India's external affairs minister S Jaishankar said
Police had sought an extension of Zubair's custody by five days.
'The Pakistanis were not the mujahids or terrorists as claimed initially.' .'They were trained soldiers who held state of the art anti-aircraft missiles to shoot down our airplanes.'
When the fierce encounter ended around 3:30 PM on Saturday after almost 10 hours, senior cadre Milind Teltumbade and 25 ultras had been killed.
Uttar Pradesh Chief Minister Yogi Adityanath on Thursday directed officials to speed up setting up of a commando training centre in Rampur and also form a skilled team of women commandos.
Singh said information that was completely wrong was being regularly circulated on social media.
At 12 months, Kashe -- the youngest member of Mensa International - was identifying alphabets, even if she could not say them. By 18 months, she was identifying shapes, colors, all the fifty states of America and naming planets by memory. The 2 year old can also, hold your breath, identify the periodic table.
Sri Lanka declared a state of emergency on Wednesday as angry protesters stormed the prime minister's office in Colombo, hours after president Gotabaya Rajapksa fled to the Maldives on a military jet, amid the country's worst economic crisis in decades.
Research and markets estimated in May that the global opportunity for small and mini satellites would grow nearly one and half times to $5.32 billion by 2021
Though authorities and NGOs have made arrangements for their food, most of them want to go back to their native places to escape the hardship brought by the sweeping curbs.
