Tag Archives: 2016

2016: Demonetisation, collapse of the steel frame of Indian bureaucracy, surgical strikes against Pakistan and Reservation in Promotion

Newsroom24x7 Desk 

currency notesAs 2016 was coming to a close, Prime Minister of India Narendra Modi shook the entire nation by announcing on November 8 the scrapping of the high denomination Rupee 500 and 1000 notes. Demonetisation, according to the Prime Minister, had been done to fight the scourge of black money and counterfeit currency and also to choke the channels that were funding terrorists and creating unrest in Jammu and Kashmir. The Prime Minister appealed to the people to bear the consequences of demonetisation and support the cause of the nation till December 31 as things would start improving after that.

Notwitstanding the lofty goals announced by the Prime Minister, fact remains that the nation on the whole has suffered massive hardship as a consequence of demonetisation. One only has to talk to industrialists, traders and business people to gauge the losses they have suffered as demand for goods dropped to unimaginable levels during the last 50 days. Consequently the unorganised sector also went into a tailspin and there is no count of how many workers have been laid off both in the cities and the countryside. It remains to be see how long it will take for the country’s economy to overcome the backlash of demonetisation.

In this scenario all have been talking of nothing else but demonetisation. While the Modi followers and hardliners are optimistic, there is a big section comprising of professionals, industrialists and and economists who do not see any rationale behind the Modi Government to go for demonetisation. It is being argued that this step was taken only to pin down politicians sitting on a big horde of money before the Uttar Pradesh and Punjab Assembly elections.

indian-bureaucracyWhile people are in the process of coming to grip with the present situation, it is significant that there is another issue that continues to bother them immensely is the state of Indian bureaucracy. This is explicit from the fact that apiece published by Newsroom24x7.com titled Collapse of the Steel Frame of Indian Bureaucracy and Modi’s call for Rapid Transformation of the Administrative Systems drew maximum hits in 2016.

reservatin-in-promotionThe issue of Reservation in Promotion, a policy being followed so blatantly by the Madhya Pradesh BJP Government, obiviously to pursue its vote bank politics by appeasing the SC/ST communities, also has drawn maximum attention from newsroom24x7 readers this year.

Sentiments have also been raging across the country earlier this year due to the violence in Kashmir and cross-border attacks by Pak terrorists. What is significant is that the world stood with India when Indian troops went ahead with surgical strikes and destroyed the launch pads of terrorists inside Pakistan.

Newsroom24x7.com 2016 at a Glance

 

 

Home page / Archives
10079
Collapse of the Steel Frame of Indian Bureaucracy and Modi’s call for Rapid Transformation of the Administrative Systems 10023
Reservation in promotions for SC/ST category: Appeal by MP Government is listed for hearing in weekly list 6262
Supreme Court stays MP High Court order against reservation in promotions for SC/ST category 5808
Reservation in promotions for SC/ST category in MP: Supreme Court hearing stands deferred 5648
Delhi police busts international gang of cheats 4352
GST: Finance Ministry commits blunder; now centre can levy and collect Excise duties only on petroleum and tobacco products 3230
Delhi’s most wanted gangster Neeraj Bawana arrested after 18 month long chase 2613
Dreaded gangster Vikas Lagarpuria arrested in Delhi 2220
Tamil Nadu case: Landmark Supreme Court judgement on Article 16(4A) of Constitution, accelerated promotion and consequential seniority 1755
37 Government of India Secretaries retiring this year 1615
High Court strikes down Madhya Pradesh provision for reservation in promotions to SC/ST category 1613
25 GoI bureaucrats at the Secretary level retiring this year 1502
In Madhya Pradesh: From “Narmada Samagra to “Namami Devi Narmade” Campaign” 1192
Double murder: Delhi Police arrests two gangsters 1050
High Court orders winding up of Enbee Plantation 1024
Supreme Court fixes November 23 for next hearing in Reservation in promotion case of Madhya Pradesh 853
D.M. Mitra – The distinguished Police officer who worked ceaselessly to address the Maoist challenge 800
Reservation in promotions for SC/ST category in MP: Case listed for hearing in Apex Court in November 756
UPSC considering Baswan Committee report on change in pattern of Civil Service Examination 743
Income Tax work suffers as promotions are held up at ACIT level 663
Implementation of GST by generalists and private players: Discontent brewing among IRS officers 621
New posting orders for 24 IAS officers in Madhya Pradesh 621
Indian Railways: Move is on to give policing powers to RPF against letter and spirit of Constitution 591
Loan fraud: 2 Cheats arrested for duping a Gujarat based company 504
Supreme Court quashes conviction of a murder accused sentenced to Life Imprisonment 490
Delhi Crime Branch cracks murder of ex-MLA, arrests 5 accused 483
Income Tax Department: Senior level postings 474
Rajiv Ranjan Verma is DG RPF 473
India is poised to become the world’s greatest country: Tarek Fatah 469
Tourism Policy 2016: Madhya Pradesh “Tourism Cabinet gives industry status to tourism” 451
Modified APAR: Income Tax department seething with discontent 426
MP Government’s “Beti Bachao campaign will now be a national programme” 417
IndianOil launches Indane NANOCUT – A superior ‘Make in India’ LPG metal cutting solution 375
The IAS lobby and empanelment of officers at Secretary and Additional Secretary level 365
Harnfa the Tiger: Free from the clutches of Tiger Temple 359
Reservation in Promotion case: MP Government sticks to dalaying tactic, listed for hearing in Supreme Court on December 14 352
Liabilities of Reserve Bank 336
Sensational Hazaribag Court shootout: Delhi Police nabs the most wanted gangster 324
Reservation in promotion: MP Government tries to delay hearing in Supreme Court 308
India has been hit by dumping of sheet glass from China: What about the larger issues? 304
Reservation in promotion and Supreme Court: Shivraj Singh Chouhan prefers to be quiet on this issue 289
French authority slaps Euro 300,000 fine on SBI 285
Yogendra Tripathy appointed CMD in Food Corporation of India 284
Gang running fake call centre busted by Delhi Police 284
Delhi Police busts a cheating racket operating through a call centre 234
Air India will shrug away its cloak of years of rot: Ashwani Lohani 232
TV channels and Kanhaiya who is facing sedition charge 230
Shivraj announces laptops for 17000 students 227
List of eligible officers for promotion as ITO is only “draft list”,225
MP Government is trying to delay hearing in the “”Reservation in Promotion” case says SAPAKS”
223
Simhastha 2016 – allotment of plots goes online for Simhastha Mela 216
MP Government will raise Special Reserved Batallion in Maoist affected Balaghat district 213
Weak demand is the biggest problem before the world: Raghuram Rajan 208
Delhi Police arrests dreaded gangster and associate, solves contract killing case 207
How the steel frame of administration was reduced to a bamboo frame 207
Ghosts still haunt Chennai!!!!! 199
Tigress T-17 is dead: A huge loss for Pench Tiger Reserve 191
Murder conspiracy: Senior Haryana Cadre IAS officer Sanjeev Kumar arrested 190
Dainik Bhaskar Group: Acquisition of land for Sanskaar Valley School comes under a cloud 190
5 IFS offices promoted as PCCF in Madhya Pradesh 188
What will be the state of the forests in Madhya Pradesh after a few years? 187
Banchara community: Is bulldozing of flesh trade the answer ? 186
Vishal Kapoor appointed Director in Power ministry 185
Reservation in Promotion in Madhya Pradesh: SAPAKS accuses State Government of appeasing the SC/ST officers and employees 183
More than 3 dozen junior IAS officers served show cause notice 179
Massive turnout on International Day of Yoga in India 179
Reservation in promotions in BJP ruled Madhya Pradesh: From Apex Court to People’s Court 177
Modi will release Ujjain Declaration during Simhastha 2016 174
BRICS Foreign Ministers condemn terrorism in all its forms 171
Prominent South Delhi businessman arrested by EOW for multi-crore scam 166
Supreme Court sets aside HC order in a land dispute linked with a 1948 Covenant between Maharaja Holkar of Indore and the State Government 161
Five key-members of an inter-State drug cartel arrested by Delhi Police 156
PM will attend Ambedkar Jayanti celebrations at Mhow 147
Law Commission of India – Questionnaire on Uniform Civil Code 145
Gaping gaps in Primary Education in Madhya Pradesh 143
Economic Survey 2014-15: Economic Outlook and Modi Government’s policy challenges 142
Centre for Global Nonkilling Chair Anoop Swarup Receives Hiroshima Peace Award 141
Kamaz trucks and the Vectra connection 141
Cyrus Mystry removed as Tata Sons Chairman, Ratan Tata takes over 140
During the week that was: GoI Transfers and postings 140
Reservation in Promotion case: Madhya Pradesh Government asked not to create hurdles 137
Rishi Kumar Shukla will be the new Madhya Pradesh DGP 137
IAS Probationers call on the President 135
Income Tax Department rolling out new Business Application to improve efficiency 132
Shahdol by-election: Demonetisation and voters’ dilemma 130
Jail sentence for former Railway Board Member, 4 others 128
Speakers at SAPAKS Convention condemn MP Government stand on “Reservation in Promotion”,127
Sex tape: AAP minister Sandeep Kumar  sacked”
127
Delhi Police solves sensational robbery, Samsung mobile phone parts worth Rs. 26 crore recovered 125
BMS Rathore goes as Chief Policy Adviser ICIMOD 124
Cyclone Verdah hits along Bay of Bengal coast 124
Quota in promotions: Madhya Pradesh BJP unit comes under attack 123
No action should be taken on anonymous complaints: CVC 122
Sharpshooters of Naveen Bali gang arrested 120
Singapore honours Shivraj Singh Chouhan for putting MP on fast track of development 119
56 IRS (IT) officers of 1988 batch empanelled for Joint secretary level posts 118
General, Backward and Minority category employees up in arms against Madhya Pradesh BJP Government 117
Chhattisgarh Anti Corruption Bureau conducts second major raid this year 116
MP Home Minister Babulal Gaur in dock for unwelcome physical conduct 113
Dainik Bhaskar and the case of two lease deeds for building purposes 108
MP Government goes for large-scale bureaucratic reshuffle 108
Rs. 158000 crore Budget for 2016-17 presented in Madhya Pradesh Assembly 103
Empanelment of officers for posting as Joint Secretary in GOI 103
The teachings of Lord Krishna and Gautam Buddha are more relevant today than ever before: Narendra Modi 102
Diamond giant Rio Tinto’s Indian connection and questions that need to be addressed 102
Open secret – 64 Netaji files available for public view 100

Government of India opens another window for disclosing black money

Newsroom24x7 Staff

currency notesNew Delhi: Under the Taxation Laws (Second Amendment) Act, 2016, which came into force on yesterday (15 December, 2016) and the linked rules notified today and placed in public domain, the Taxation and Investment Regime (disclosure scheme) for Pradhan Mantri Garib Kalyan Yojana, 2016 will become operational from Frday (17 December 2016) and will remain open for declarations up to 31 March 2017.
The Taxation Laws (Second Amendment) Act, 2016 has come into force on 15th December, 2016.

The Prime Minister in the morning stated that all political parties are sore because their cash reserves have been hit and in the afternoon the government said parties can deposit their old notes, no questions will be asked and no IT charged. Everyone knows that political parties are the biggest generators and users of black money.The common man feels betrayed and taken for a ride.

 

Declaration under the new Scheme can be made by any person in respect of undisclosed income in the form of cash or deposits in an account with bank or post office or a specified entity.

Tax at the rate of 30% of the undisclosed income, surcharge at the rate of 33% of tax and penalty at the rate of 10% of such income is payable besides mandatory deposit of 25% of the undisclosed income in Pradhan Mantri Garib Kalyan Deposit Scheme, 2016. The deposits are interest free and have a lock-in period of four years.

The income declared under the Scheme shall not be included in the total income of the declarant under the Income-tax Act for any assessment year.

The declarations made under the Scheme shall not be admissible as evidence under any Act (eg. Central Excise Act, Wealth-tax Act, Companies Act etc.). However, no immunity will be available under Criminal Acts mentioned in section 199-O of the Scheme.

Non-declaration of undisclosed cash or deposit in accounts under the Scheme will render such undisclosed income liable to tax, surcharge and cess totaling to 77.25% of such income, if declared in the return of income. In case the same is not shown in the return of income a further penalty @at the rate of 10% of tax shall also be levied followed by prosecution. It may be noted that the provisions for levy of penalty for misreporting of income at the rate of 200% of tax payable under section 270A of the Income-tax Act have not been amended and shall continue to apply with respect to cases falling under the said section.

The Taxation Laws (Second Amendment) Act, 2016 has also amended the penalty provisions in respect of search and seizure cases. The existing slab for penalty of 10%, 20% & 60% of income levied under section 271AAB has been rationalised to 30% of income, if the income is admitted and taxes are paid. Otherwise a penalty at the rate of 60% of income shall be levied.

The Scheme, Rules and Notifications are available on the official website of the Income Tax Department @ http://www.incometaxindia.gov.in

Any queries/clarifications relating to the Scheme may be emailed at ts.mapwal@nic.in .

Dubai all set to ring in 2016

Shaily Kalra

Burj KhalifaDubai: As we march towards the beginning of the new year, Dubai is once again getting all decked up to welcome people from across the globe who must be looking forward to seeing the magnificent Burj khalifa — the tallest artificial structure in the world, standing at 829.8 m.

More than a million visitors from all over the world will be here to join the new year celebrations and witness the grandeur of Burj Khalifa and the exotic fireworks that would light the Dubai sky when the clock will strike 12 at midnight to ring out
the old and ring in the new.

Glittering fireworks also have been lined up at Burj Al Arab – the prestigious seven star and the most expensive hotel in the world, besides Atlantis, The Palm and Jumeirah Beach Hotel. These are the high-end and well know luxurious hotel of Dubai.

Every New year begins with so many resolutions. People resolve to follow a strict exercise regime, chisel their inner beauty, brighten up their personality – and the rule of the game is how smartly you gel with the latest. To keep up the spirit and meet people’s expectations the fashion couture designers and big brands have worked overtime to roll out their hottest and the most appealing apparels for those who are always so discerning.

london collection
Photo courtesy: ST JAMES’S London

Dubai folks and those coming to this land of endless glory are especially going to have their pick for 2016 from the London collection that would be catering to not just the upper crust but also those who settle for nothing short of excellence or success.

Rich and exquisitely designed dresses in velvet, mainly short and long frocks and gowns for ladies will be available mainly at downtown Dubai stores.

The colour of 2016 will be white. White is vibrant, and as the artists say it has the power to contain all colours. It also signifies peace and beauty.

Dubai will also be a one-hop shopping destination for those seeking the latest shoes,ladies’ hand bags and dresses. The new year sale bonanza will continue till mid-January.