National

July 3, 2012 8:45 AM

E-file returns compulsory if income exceeds ten lakh rupees

People with income of ten lakh rupees per annum will have to file their tax returns electronically beginning 2011-12 Financial year . The Central Board of Direct Taxes has issued a notification making E-filing compulsory for assessment year 2012-13 onwards for an individual or a Hindu undivided fami...

July 3, 2012 8:39 AM

BJP's Karnataka crisis ends in conciliatory note

The faction feud which erupted after nine Minister's resignation has ended in the conciliatory note in Karnataka. Quoting BJP's in-charge for Karnataka affairs Dharmendra Pradhan PTI reports that nine ministers loyal to former chief minister B.S. Yeddyurappa have withdrawn their resignatio...

July 2, 2012 9:13 PM

Monsoon to gain strength in next 48 hours: IMD

India Meteorological Department - IMD on Monday said monsoon will gain pace in the next 2 to 3 days as the conditions are likely to become favourable from today.Talking to AIR, the IMD Director R.C Vasishtha said that northern parts of the country including Delhi and adjoining areas may receive ligh...

July 2, 2012 9:12 PM

Chavan again blames Deshmukh for Adarsh scam

Former Maharashtra Chief Minister Ashok Chavan on Monday blamed bureaucrats for irregularities in Adarsh Housing society scam. Chavan reappeared before the two-member Judicial Commission probing the scam in Mumbai.During his questioning he said that the file regarding allotment of land to Adarsh hou...

July 2, 2012 9:06 PM

Sharad Pawar quits as head of EGoM on telecom

Agriculture Minister Sharad Pawar has quit as head of the Empowered Group of Ministers (EGoM) on telecom. Mr. Pawar had three days ago replaced Pranab Mukherjee who is contesting the Presidential Polls.Mr. Pawar, who was to chair the first meeting of the reconstituted EGoM on Monday, postponed the m...

July 2, 2012 8:53 PM

Centre to SC :Govt yet to consider the report on Sethusamudram project

The government today told the Supreme Court that a high-level Committee has suggested in its report that alternative alignment for Sethusamudram project was not economically and ecologically feasible. In his submission before a Bench comprising Justices H L Dattu and C K Prasad, Solicitor General Ro...

July 2, 2012 8:52 PM

Govt exempts rail fares, freight from service tax till Sept

Rail travel in first Class and Airconditioned coaches and transportation of Goods by Indian Railways has been exempted from 12 per cent Service Tax for three Months.A Ministry of Finance notification issued on Monday said the Central Government, has on public interest exempted the two kinds of servi...

July 2, 2012 8:48 PM

Mining leases of private cos should be cancelled: Ramesh

Union Rural Development Minister Jairam Ramesh has said that mining leases of the private companies for the Saranda Range in Jharkhand should be cancelled, and no further lease should be given to any private company.Speaking to the media at Ranchi on Monday . Accusing the Maoists and their synthesiz...

July 2, 2012 8:45 PM

Govt to set up 20 IIITs across India through PPP

The Centre has cleared a proposal to set up three new Indian Institute of Information Technologies (IIITs) under the Public- Private Partnership (PPP) mode. The IIITs will come up in Assam, Tripura and Rajasthan which had sent proposals to the HRD Ministry under the PPP scheme.The capital cost of ea...

July 2, 2012 7:26 PM

Office of Profit: Cong rejects Sangma’s allegations against Pranab

Congress has rejected the claim of the opposition nominee Mr P A Sangma for the Presidential Election that UPA nominee Mr. Pranab Mukherjee was holding Profit of Office while filing the nomination papers.Talking to media in New Delhi, the party spokesperson Rashid Alvi said called it a baseless alle...

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