The protest against the Local Body Tax enters the 19th day in Maharastra, as Congress-led coalition government continue to remain adamant about levying the tax. Trade unions have made it clear that they would continue their protests unless the tax is revoked. ...
Consumers will be facing a tough time in Mumbai, as chemists have joined the strike by traders protesting against the issue of local body tax. Only the medical stores inside hospitals will be open. Druggists across the country are upset that retailers margins ...
Midwestern American state, which was recently in news for being the battleground in the race to the White House, is again garnering headlines. In a report by the American Civil Liberties Union (ACLU), Ohio has imprisoned thousands of citizens, because they hav...
In the very first edition of Prime Interest, Perienne Boring takes a look at the US treasury and its monetary policies. The opening segment is a special report on the four-and-a-half years since US Federal Reserve started its first quantitative easing programm...
Income Tax officials have conducted searches at Balaji Telefilms' offices and the residence of its promoters producer Ekta Kapoor and her actor-father Jeetendra for suspected tax evasion. Her younger brother actor Tusshar Kapoor’s home was also raided.
Restaurants and hotels today go on a one-day token strike against the new service tax, applicable for fully or partly air-conditioned spaces. The new tax was introduced in the Budget and came into effect from April 1. However, the hotels claim that they alread...
Mamata Banerjee is in Delhi to wage a battle for what she calls Bengal's rights. She has accused the Centre of imposing an unofficial economic blockade in West Bengal by taking away huge sums of money annuals in interest on loans and central taxes.
Finance Minister P Chidambaram announced that the government is unlikely to raise the import tax on gold further to avoid gold smuggling. He also said that the government is likely to introduce inflation-indexed instruments to help curb a record current accoun...
Finnish mobile firm Nokia has been slapped a Rs 2,000 crore notice by the I-T department for alleged evasion of taxes. The notice says that the firm needs to submit that amount within a week's time.
Toine Manders, Chairman, Libertarian Party of the Netherlands, believes that the controversial tax in Cyprus will have ramifications across southern Europe.
Members of the twin cities' textile associations, who were on hunger strike at Indira Park for the past few days to protest against VAT on textiles, were taken into custody late last night by the police and taken to the police station. After dharna by TDP lead...
The Parliament in Cyprus has delayed until Tuesday its decision on whether to allow an EU bailout which will cost citizens millions of their hard-earned Euros. Every bank customer will have their cash taxed. The plan has caused panic over the weekend with peop...
After an income tax tribunal passed an order that Lord Shiva, Lord Hanuman and goddess Durga are not religious deities thus any religious activity undertaken in connection to them does not get a tax exemption, the question arises – what exactly is a religiou...
The twin city textile traders association of Hyderabad are on dharna against the levying of VAT. TRS chief K Chandrasekhar Rao lent his support to the protest and spoke out against the policies of the Congress state government.
For a middle-class salaried person, a simple dream is to own a house, a comfortable car and the ability to earn livelihood. With the budget for this fiscal year, two of these three have become really out of reach, despite the fact that the budget has made prov...
Finance Minister P Chidambaram says the economy grew at 5% and the tax revenues grew at 16.7 %. So if next year the economy grows at 6.1 to 6.7%, there are chances that tax revenues will only increase. And if Rs 18,000 cr additional resource mobilisation is ad...
The Finance Minister P Chidambaram has today presented his budget in the House. A panel of experts of CII present their views on how the corporate sector views the budget pronouncements. Among those presenting their views are Ankur Bhatia, MD of Bird Group an...
The Finance Minister has presented his budget in the House. A panel of experts discusses the announcements made and the provisions for various sectors he had declared. Here is a reaction from Harshpati Singhania, director of JK Org. He calls it a balanced budg...
These are the things that will cost more post the announcements made today in Budget 2013. Here is a sample: SUVs are going to cost more, as also foreign-made bikes, mobiles phones to cost more, as also cigarettes.
There is a need to pass a GST law that will be drafted by state Finance Ministers and the GST council. There is a need for the Centre to compensate the states for loss due to reduction of the GST rate.
Peter Elston of Aberdeen Asset Management and Dinesh Kanabar of KPMG discuss the tax proposals, clarity on GAAR and tax residency certificates for those routing money through Mauritius. According to Elston, any change in regulations of foreign investment in In...
This is the last part of the budget speech of P Chidambaram. And finally he quotes Saint Tiruvalluvar. In this part, he speaks on demands for GST, the demands from states for a GST law, and finally tables the Finance Bill in the House.
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on changes in filing of income tax returns, and on service tax, duty on leather good machinery to encourage exports, and export duty on semi-precious stones.
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on new taxes proposed, both direct and indirect, income tax slabs, relief to income tax payers, and increase in exemption limit. He also said just 42,800 people in the country have ...
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on funds allocation for strengthening the inland waterways, building the Sagar port in West Bengal and new policy changes for coal import, package for restructuring DISCOMS and also...
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on funds allocation for finance sector reforms, tax reforms, SIDBI, funds for NABARD, infrastructure for northeastern states and the warehousing sector.
Expectations are sky high as Finance Minister P Chidambaram is all set to present the Union Budget 2013. What are the markets expecting from the Finance Minister? What awaits the tax payers in Union Budget 2013? Co-chairman and managing director of Jubilant Ha...
The Budget 2013 is all set to be presented today. A tax expert and a middle-class family sit together to discuss what the Finance Minister should do to ensure that the budget provides relief to the common man whose expenditure on basic necessities is growing, ...
It will be UPA II's last budget before the general elections in 2014. Here is a look at what the common man can expect from the eighth budget of Finance Minister P Chidambaram.
All eyes will be today on the Finance Minister. It will be the eight budget for P Chidambaram and the last budget of UPA 2. Here is a look at the importance of this budget, that comes just a few months ahead of the 2014 general elections.
Every year the public pays the Government direct and indirect taxes for benefits that the government promise to provide them with. But time and again the public is left searching for those promised benefits. Over the past few years, the government has been col...
French actor Gerard Depardieu gets a Russian citizenship after a massive tiff over taxes in his home country. Depardieu wanted to escape the government's '75 percent tax on millionaires' plan and chose Russia to be his new hometown. The actor plans to open a r...
A special court for Economic Offences in Bangalore issued summons to the cash-strapped Kingfisher Airlines and its chairman Vijay Mallya in a criminal case related to non-remittance of tax deducted at source (TDS) to the government from salaries of its employe...
On paper, the UPA government's flagship rurual jobs scheme is a smooth-functioning enterprise. However, the truth is far from it. During a discussion on the massive loot exposed in the government employment scheme, Congress leader Satrava Chaturvedi, journali...
The Income Tax department conduct an overnight raid at the iconic Leopold Café in Colaba, Mumbai. There have been discrepancies in the accounts of the café for the last one year. The I-T officials have taken records of the café with them and if any inconsis...
The Greater Hyderabad Municipal Corporation has passed one of the biggest budgets in its history. Mayor Majid Hussain introduced a budget of Rs 3800 crore in the GHMC meeting today, that was marked by angry exchange between the Mayor and Amjadullah Khan of the...
When he was called to the office of the Income Tax department in Hyderabad today, producer Bandla Ganesh came in a spanking new Audi car. As befitting of course for Tollywood's top producer, who has three top productions on at the same time starring Allu Arjun...
Income Tax sleuths are conducting raids on Bandla Ganesh, who has emerged as one of the leading producers in Tollywood with the huge success of Pawan Kalyan starrer 'Gabbar Singh'. He is now currently producing 'Baadshah' with NTR and 'Iddarammayilatho' with A...
Demolition of houses in Green Fields Colony in Khanajiguda of Malkajgiri on northern outskirts of Hyderabad and Bandla Ganesh make news in this bulletin at noon.
Producer Bandla Ganesh was called to the offices of the Income Tax department in Hyderabad to explain the documents and information on his wealth unearthed by the I-T officials during their raid. Ganesh attracted the attention of income tax officials after the...
From a small-time actor doing comedy roles to one of Tollywood's biggest producers, Bandla Ganesh has come a long way and in a very short time. Which is probably why the Income Tax department has its eyes on him. However, there has been no official confirmatio...
Income Tax officials raid the house and offices of Tollywood producer Bandla Ganesh in Hyderabad. Ganesh is the producer of the hugely successful 'Gabbar Singh' and is currently one of the top producers of Tollywood. He had recently gifted director Puri Jagann...
Kerala witnesses a high price rise in poultry, which forces many traders and farmers to go on a strike demanding government's interference. The traders point out that the anthrax fear in cattles paved the way for high demand for chickens. But the farmers, who ...
The poultry traders and farmers end the strike in Kerala, following a discussion with Chief Minister Oommen Chandy. The Chief Minister has assured them that he would look into the tax imposed on chickens from other states. The reduction or withdrawal of 13.5 p...
Income Tax department today conducted raids on pharma and construction giant Ramky group's offices at Somajiguda and Kondapur in Hyderabad. Raids were also conducted on offices of Ramky Pharma at Visakhapatnam's Parwada office. The raids were conducted in rela...
Kerala declares a poultry hartal from today, as traders refuse to sell chicken due to exorbitant prices. The farming and trading committee demand complete withdrawal or reduction in tax rates on chicken. The traders argue that the escalation in prices has rend...
The Rs 4,000 crore mining scam got a great push with the arrest of Anil Bastawade, the kingpin who smartly hid the ill-gotten money in various other enterprises to hide the tracks. Though former Jharkhand Chief Minister Madhu Koda denies any links with Bastawa...
Former Bharatiya Janata Party president Nitin Gadkari was questioned for more than four hours yesterday. The interrogation happened in connection with the financial misappropriation in his company Purti Group. The BJP leader was also questioned in Nagpur over ...
Income Tax authorities have questioned former BJP President Nitin Gadkari, on Thursday, for over four hours in connection with the probe into alleged dubious investments in Purti group of companies. Gadkari, who was earlier slated to appear on Friday, was quiz...
The discontent within the NDA surfaced once again through the blog of RSS leader MG Vaidya, who raised question on the Nitin Gadkari incident. He said that a section of the politicians in BJP did not want Nitin Gadkari to continue as the chief for a second ter...
A member of the Aam Aadmi Party has filed a case against former BJP president Nitin Gadkari for threatening income tax officials. Gadkari reportedly tried to intimidate the officials who were raiding his company, Purti Group.
The apex body of Income Tax officers demands an apology from former BJP Chief Nitin Gadkari, for allegedly threatening the IT officials, probing allegations of dubious funding in Gadkari's Purti group. Nitin Gadkari, after resigning as BJP Chief, threatened in...
A visibly agitated Nitin Gadkari has a small outburst in Nagpur. He threatened the Income Tax department by saying where would they hide once BJP came into power. He also took a dig at the Congress party saying that the party had one 'Madame' and all the other...
Rajnath Singh visits LK Advani at his residence to seek his blessings before going to the party office for official proceedings. The election to the post of party chief comes with certain formalities that have to be completed.
The formal announcement of the new party president will happen later today at the BJP office. Rajnath Singh is all set to be the next chief after Nitin Gadkari resigned from the post following corruption allegations. Rajnath Singh faces a big hurdle in the for...
BJP will hold a high level meet in Delhi today to decide the next party president. Nithin Gadkari resigned from the post as he was accused of evading income tax. He said that he will return to the post as soon as he proves himself to be clean. He said that the...
After the income tax department investigations into financial irregularities in his company, Nitin Gadkari submitted his resignation as the party president. He told the media that he was clean, but he did not want the party image to get affected. Rajnath Singh...
Nithin Gadkari resigns as the BJP chief, after being accused of evading tax and forging information about his Purti group. He said that he was clean and would only return to the post once he has proved himself clean. The BJP high command will meet at the capit...
The BJP slammed External Affairs Minister Salman Khurshid for defending Home Minister Sushil Kumar Shinde's comments on home grown terrorism. BJP spokesperson Ravi Shankar Prasad said that Pakistani terrorist groups celebrated the comment made by the Home Mini...
BJP president Nitin Gadkari today termed the Income Tax department's on-field enquiry as politically motivated. The enquiry took place at around nine locations in Mumbai belonging to alleged shell companies related to Gadkari's Purti group. Issuing a statement...
The BJP questions the timing of the Income Tax probe on party president Nitin Gadkari, and alleges that the Congress had earlier been using CBI for political purposes and is now using the Income Tax department. It also says that the I-T department conducts pro...
The Income Tax Department has sent a team to investigate BJP President, Nithin Gadkari's investments in Purti Group. The investigation may prove to be a road block for Gadkari, who is running for the post of Party President for the second term.
In an interview, Pakistan's protest leader Tahir-ul-Qadri speaks about how corruption has seeped deep into the country's fabric. The National Accountability Bureau (NAB) has stated that about Rs 5,000 billion is lost in corruption every year. Also, about 70% o...
Income Tax officials today reached the offices of Telugu film producer and distributor Dil Raju in Srinagar colony. They called it a 'survey' instead of a raid. The offices of Danyya DVV, who is the producer of Ram Charab Teja's 'Nayak' that released yesterday...
Nokia, India's second largest mobile phone manufacturing company in India, was raided by income tax officials. The company has been accused of tax evasion to the tune of Rs 3000 crore. The company's factory near Chennai was raided by Income Tax officials on th...
The Supreme Court has served a notice to Amitabh Bachchan in connection with his earnings at Kaun Banega Crorepati. When he was asked about the notice at the press conference of Jolly LLB he said that death and income tax are two things that are constant in a ...
Tamil actors staged a fast from 8 AM to 5 PM at the Valluvar Kottam in Chennai, protesting against the Central Government's decision to levy a 12.36% service tax on their remuneration for taking part in stage shows and other events. Rajnikanth, Vijay, Surya, S...
The Supreme Court serves a notice to Amitabh Bachchan in connection with his earnings after Kaun Banega Crorepati. This matter has been in the Court for quite sometime. Amitabh Bachchan has been accused of evading tax by transferring 60 percent of his KBC ear...
Achil Vandhavai | Prime Minister Manmohan Singh's announcement of his step-by-step plan of increasing fuel prices has come as a shock to many. Also discussed, Kollywood's hunger strike against service tax.
French actor, film-maker, businessman and vineyard owner, Gerard Depardieu has spent his first day as a Russian citizen touring the country, flaunting his freshly stamped passport. Much to the ire of French leaders and dubbed a traitor at home, Gerard Depardie...
Tollywoood film industry marked Monday as a day of protest against service tax being levied on those working in the entertainment industry. Actors Venkatesh, Brahmanandam, Sunil, Nani, Ali, and producers and directors staged a dharna at the premises of the fil...
Top personalities of the Telugu film industry sat on a dharna against the Centre's decision to levy service tax on them. The day-long dharna was held at the film chamber office. The arguments against the service tax are from Murli Mohan, Ali and Tammareddy Bha...
Prominent personalities from the Tamil film industry sat on a day-long dharna in Chennai against the Centre's proposal to levy service tax on the film industry. Association of 22 trades of the Tamil film industry led by Sharat Kumar sat on the dharna.
Actors, directors, choreographers and other technicians of Kollywood have gone on a day long hunger strike demanding exemption from the 12.36 service tax. Their argument - service tax on producers, exhibitors and distributors had been partly lifted a while ago...
A radio station in Paris has claimed that 5000 French citizens have fled the country since French President Francois Hollande took over at the helm of affairs. A majority of the rich people, on whom heavy taxes have been levied, have now fled to Russia. Follow...
Following a dinner with Russian President Vladimir Putin, French actor, film-maker, businessman and vineyard owner, Gerard Depardieu was handed his Russian passport, ipso facto his Russian citizenship. Depardieu slammed the punishing tax rates that have been l...
President Barack Obama signed a last-minute deal that increases taxes on the wealthiest Americans. This move has reportedly prevented the country from falling over the fiscal cliff. The nation was on the brink of a financial nose-dive with billions of dollars ...
The State government has difference of opinion with the Finance Commission regarding terms of references for tax share for states, says finance minister KM Mani. The issue will be discussed in the cabinet. KM Mani said that if the 14th finance commission keeps...
President Obama is to sign the law increasing taxes on wealthy Americans. The Bill was passed by the Congress after months of political bickering to avoid the fiscal cliff and the threat of a destructive recession. It was rushed through on Tuesday night before...
In the new year, the state government is mulling hike in property tax in municipal corporations and municipalities. The hike could be as steep as 250%.
As the January 1, 2013, deadline for steep tax increases and spending cuts looms, US Congress scramble to reach an agreement that will prevent the American economy from dropping off the fiscal cliff. Republicans and Democrats, so far, have failed to come toget...
The United States is allegedly hurtling towards a fiscal cliff which is likely to trigger widespread tax rises and government cuts on New Year's Day. To tackle the fast-approaching deadline, the Congress Members have surprisingly gone on holiday. Host of 'The ...
Mikhail Khodorkovsky, once Russia’s richest man, is expected to be freed from prison earlier than expected. A Moscow court the jail term for the former tycoon and his business partner Platon Levedev. Khodorkovsky was put behind bars for fraud, tax evasion an...
The United Kingdom wants 15 percent of the country's energy needs to be covered by renewable sources by 2020. However, given the low spending power, the increased austerity measures and budget cuts, this decision to 'go green' could prove costly for the UK. Th...
An autorickshaw stopped bang outside the office of the DGP in Hyderabad. It had run out of gas. Even as the cops asked of the auto driver why the auto was parked there, the driver and his accomplice ran off. Inside the abandoned auto police found Rs 6 crores ...
Visakhapatnam district Yalamanchili MLA Kanna Babu has one of the poshest houses in Visakhapatnam. The sprawling house built in Visakhapatnam's Seethammadhara ASR Nagar is a landmark in these parts. The GVMC has been kind enough to levy property tax on this ho...
Congress MP Sanjay Nirupam and yoga guru Baba Ramdev debate on one of the biggest problems of the country - black money. While Ramdev says that black money is hampering the economic growth of the country, MP Nirupam counters with how Ramdev himself has stolen ...
This tax inspector was caught on hidden camera asking for bribes to reduce municipal property tax. He works at Kukkatpally's GHMC office. His modus operandi is simple--he tells owners of newly-constructed buildings and apartments an inflated property tax, and ...
A Parliamentary Committee has come down heavily on Finance Ministry for writing off 1.33 lakh crore rupees as non-recoverable direct tax saying that the FM owes an explanation as to why the situation had escalated to such irretrievable levels. The government h...
Its a political system accused of scams, taints and corruption which is subsidised by the tax payers. An explosive revelation by an RTI query shows that political parties have got a tax exemption of over Rs 2400 crore. Of this the ruling Congress and the main ...
German Chancellor Angela Merkel is questioned by the opposition Social Democrat Party over the latest financial aid package to Greece that will cost Germany 730 million Euros.
In the Lone Liberal Rumble, Thom talks to Conservative commentator Horace Cooper and Human Events' Neil McCabe about Susan Rice and if the Republicans going after her is a sign of racism or a war against women. Later in the show, he chats with the co-authors o...
After a year of dilly-dallying over the issue, Indian government has finally decided to take action against tax evaders. Anyone who has more than the government set benchmark of Rs 5 crore in HSBC Geneva account will be prosecuted. India's action came after mo...
Marijuana is legalised in Washington and Colorado where it will be sold, regulated and taxed like alcohol. Peter Lavelle throws open a debate on the war of drugs and if the US is practicing double standards by legalising drugs within the US while carrying out ...
Thom Hartman asks Red Alert Politics' Francesca Chambers and Libertarian commentator Marc Harrold if the US should brace itself and jump off the fiscal cliff, and also about the unemployment laws. After an interaction with viewers, Hartman speaks to labour jou...