CEAT gets GST demand, penalties of over INR 19 cr
Tyre maker CEAT Ltd on Wednesday said it has received GST demand and penalties totalling over INR 19 crore from tax authorities in Maharashtra and Vadodara. In another case, Deputy Commissioner of State Tax, Maharashtra has issued an order demanding INR 22 lakh and interest of INR 26 lakh, together with penalty of INR 2 lakh on following an SCN initially issued for reversal of input tax credit on non-payment of tax by suppliers. “Interest of INR 1.59 crore is also levied towards the delay in reflection of Input Tax Credit to the credit ledger, caused due to technical issue of TRAN-1 return,” it added. Currently, the company said it is actively analysing both the matters and taking appropriate steps against the orders. As the matters are being pursued against the orders, CEAT said the final impact on its financial, operation or other activities may not be ascertainable as of now.
Source:Economic Times
January 04, 2024 16:25 UTC
DNA Explainer: What will BJP do with its leaders who are set to retire from Rajya Sabha in 2024?
Prime Minister Narendra Modi had earlier suggested in August that Rajya Sabha leaders should contest Lok Sabha elections. Several senior leaders of the BJP are set to retire from the Rajya Sabha in 2024. Some prominent and powerful leaders have already been sent to the Rajya Sabha by the party twice consecutively. Prime Minister Narendra Modi had earlier suggested in August that Rajya Sabha leaders should contest Lok Sabha elections. Which leaders will retire from Rajya Sabha in 2024?
Source:dna
January 04, 2024 15:31 UTC
The importance of Consumable Covers in health insurance
Just like you are sure that the doctors will nurse you back to health, you also know that your health insurance will cover medical expenses. Read on to learn more about Consumables Cover and how it can help you save money.In the world of health insurance, it’s quite important to know the various terms and conditions. Being well aware of some of the clauses can help you make informed decisions that will increase the benefits you draw from your health insurance plans . The best way to avoid such expenses is to have Consumables Cover as part of your health plan. Insurers are, therefore, reluctant to cover consumable items in health insurance.Consumables are essential medical aids and services which cannot be avoided.
Source:Economic Times
January 04, 2024 15:05 UTC
Punjab and Haryana High Court quashes defamation proceedings against Indian Express Resident Editor, others
Those against whom the proceedings have been quashed include the current Indian Express Resident Editor Manraj Grewal, former Resident Editor Vipin Pubby, Daily Ajit (Punjabi) and Ajit Samachar (Hindi) Managing Editor Barjinder Singh Hamdard and others. Justice Anoop Chitkara concluded that the newspapers and their reporters had not committed any offence by publishing the news report concerning Rathee. “A complete reading of the news, which contained the complainant’s rebuttal, his version, the version of the police, can be stated to have been published in good faith and discharge of their functions in a democracy, and if restrictions are created to publish such news, it would be just like killing a mockingbird,” the Court said. The single-judge observed that courts must be more vigilant and proactive while safeguarding the interests of journalists.
Source:Indian Express
January 04, 2024 14:11 UTC
Budget 2024: Real estate sector bats for GST revision, tax sops to boost affordable housing — here is a wishlist
As India eagerly awaits Finance Minister Nirmala Sitharaman’s sixth Union Budget, to be presented in Parliament on February 1, 2024, the nation’s real estate sector, particularly the affordable housing segment, is poised in anticipation. To realise the government’s vision of ‘Housing for All,’ experts and industry leaders have shared their insights, proposing vital measures to boost the affordable housing landscape. The upcoming budget is seen as an opportunity to fortify the real estate industry’s pivotal role in India’s economic development. “The government should raise the cap on the affordable housing segment. This move would address the land shortage in this crucial housing segment and potentially lower real estate prices overall, he opined.
Source:Mint
January 04, 2024 14:06 UTC
Mexican cartel forces locals to pay for makeshift Wi-Fi under threat of death
January 04, 2024 10:22 am | Updated 10:22 am ISTA cartel in the embattled central Mexico state of Michoacan set up its own makeshift internet antennas and told locals they had to pay to use its Wi-Fi service or they would be killed, state prosecutors said Wednesday. Dubbed “narco-antennas” by local media, the cartel's system involved internet antennas set up in various towns built with stolen equipment. The group charged approximately 5,000 people elevated prices between 400 and 500 pesos ($25 to $30) a month, the Michoacán state prosecutor's office told The Associated Press. (For top technology news of the day, subscribe to our tech newsletter Today’s Cache)Local media identified the criminal group as the Los Viagras cartel. Mexican cartels have long employed a shadow network of radio towers and makeshift internet to communicate within criminal organizations and dodge authorities.
Source:The Hindu
January 04, 2024 13:50 UTC
India Should Pursue Prudential Transition to Rebalancing Energy Sources
Nuclear energy is a clean energy form but it is not a renewable energy source. In 2021, India’s Energy intensity (EI) was 0.100, about the same as for Brazil, but higher than for the OECD (0.089). Prime Minister Modi's commitment to Atmanirbhar Bharat aims to make India energy independent by 2047. Ernst & Young's (EY) 2021 Renewable Energy Country Attractiveness Index (RECAI) ranked India third behind the USA and China3. Key economic aspects of renewable energy in IndiaAccording to the International Renewable Energy Agency (IRENA), the costs of renewable power generation are increasingly competitive in comparison to fossil fuel-based power sources.
Source:Mint
January 04, 2024 13:35 UTC
JD Sports faces profit dip amid cautious market
UK sportswear retailer JD Sports is forced to lower its predicted profit margin for this year as a result of its inability to entice weary customers even during the crucial Christmas season. Due in part to what it described as “increased promotional activity” throughout the industry, the retailer announced that it will bank more than £ 100 million less than initially estimated. However as per the brand, the revenue grew 6 per cent organically after taking fluctuating currency rates into consideration. The brand clarified that it was slightly less than what they had anticipated. CEO Regis Schultz said, “Our key markets have seen increased promotional activity during the peak trading season, driven by a more cautious consumer, but we continue to grow market share.
Source:Economic Times
January 04, 2024 13:30 UTC
Nepal, India sign long-term power agreement
The agreement on power export was inked in the presence of Jaishankar and Nepalese Minister for Energy, Water Resources, and Irrigation Shakti Bahadur Basnet during a bilateral meeting here. The two countries had reached an understanding on the electricity export during Prime Minister Pushpakamal Dahal Prachanda's visit to India from May 31 to June 3 last year. India has helped Nepal develop multiple hydropower projects on these high-volume rivers and more projects are in the pipeline; and the power export agreement comes as the next step in the bilateral relations. India has helped Nepal develop multiple hydropower projects on these high-volume rivers and more projects are in the pipeline; and the power export agreement comes as the next step in the bilateral relations. Earlier in the morning, Jaishankar called on President Ramchandra Paudel and Prime Minister Prachanda at their respective offices.
Source:Indian Express
January 04, 2024 12:57 UTC
Japan Earthquake: 5 killed In Runway Plane Collision, Experts Say 'Too Early To Pinpoint Cause'
Japan Earthquake: 5 killed In Runway Plane Collision, Experts Say 'Too Early To Pinpoint Cause'5 killed in Japan plane collision, experts say 'too early to pinpoint cause'. The incident happened after a large passenger plane and a Japanese Coast Guard aircraft collided on the runway at Tokyo's Haneda Airport. The fatalities occurred among the individuals aboard the Coast Guard plane. However, all 79 people on Japan Airlines flight JAL-516 got out safely before it was fully engulfed in flames. The coast guard aircraft was preparing to take off to deliver aid to an area affected by a major earthquake in the country on January 1.
Source:dna
January 04, 2024 12:41 UTC
Nevada Judge Mary Kay Holthus Attacked By Defendant During Sentencing In Las Vegas Courtroom
Nevada Judge Mary Kay Holthus Attacked By Defendant During Sentencing In Las Vegas CourtroomShocking new video shows a man who was in the process of being sentenced in a Las Vegas courtroom launch himself over a judge's bench and attack her.
Source:dna
January 04, 2024 12:41 UTC
Delhi CM Arvind Kejriwal Likely To Be Arrested By ED Today, Claim AAP Ministers
Delhi CM Arvind Kejriwal Likely To Be Arrested By ED Today, Claim AAP MinistersDelhi Chief Minister Arvind Kejriwal is likely to be arrested today. AAP leaders made the claims of arrest after the party supremo skipped the third summons issued to him by the ED in the alleged Delhi liquor policy scam. ‘ED is going to raid @ArvindKejriwal’s residence tomorrow morning. Arrest likely,’ said Atishi in a tweet. Notably, Kejriwal was summoned by the ED on Jan 3 for questioning in connection with an excise policy-linked money laundering case.
Source:dna
January 04, 2024 12:00 UTC
Horrific! Fire Breaks Out In Teaching Block Of Delhi AIIMS, No Casualties Reported
Fire Breaks Out In Teaching Block Of Delhi AIIMS, No Casualties ReportedA fire broke out in the teaching block of the All India Institute of Medical Sciences today. According to Delhi Police fire services, No casualty or injury was reported in the incident. Stay connected for more updates.
Source:dna
January 04, 2024 11:47 UTC
Adidas to establish its first Asia GCC location outside of China in Tamil Nadu, India
Adidas, the world’s largest sports footwear and clothing brand, will build its first Asia global capacity center (GCC) factory outside of China in Tamil Nadu, India. As per reports, key processes will be the primary focus of Adidas’ initial and sole GCC in Asia, which will be located in Chennai, India. The German firm, will establish a Global Business Services (GBS) center, with Akhil Kapoor in charge of operations. Kapoor states that he is the vice-president for GBS worldwide purchasing and the head of GBS India, which is based in Chennai. The Chennai center has been recognised as the Global Hub, integrating seamlessly with Adidas’ current hubs in Porto (Portugal), Dalian (China), Bogota (Columbia), and North America to provide support to the company’s global operations.
Source:Economic Times
January 04, 2024 11:11 UTC
New Jersey imam shot dead outside mosque, no suspect or motive identified
January 04, 2024 09:07 am | Updated 09:43 am ISTA New Jersey imam has died after being shot outside a Newark mosque early on January 3, 2024 morning, and authorities have yet to identify a suspect or motive for the attack, local prosecutors said. The imam killed on Wednesday, Hassan Sharif, was shot multiple times shortly after 6 a.m. in his vehicle outside Masjid Muhammad mosque in Newark, said Essex County prosecutor Theodore Stephens at Wednesday's press conference. "There are many in New Jersey right now who are feeling a heightened sense of fear," Platkin said. As a consequence, the U.S. Department of Homeland Security in December issued security guidance for faith-based communities. Since Oct. 7, authorities have beefed up the presence of law enforcement at all houses of worship in New Jersey, but especially mosques and synagogues, Platkin said.
Source:The Hindu
January 04, 2024 10:32 UTC