New Delhi--- With a view to providing affordable housing, the finance minister has proposed to provide some concessions in the scheme of Income Tax exemption. The definition of affordable housing has been changed. Now the area of 30 Square Metre in four metropolitan cities and 30 Square Metre for the rest of country will be counted as carpet area instead of built-up area. The completion period has also been extended to 5 years from 3 years. The tax on Notional rental income for builders has been proposed to calculate only after 1 year from the end of the year in which completion certificate is received. Some changes in Capital Gain taxation for immovable properties have also been proposed to take effect, as holding period reduced for computation of long-term capital gain from three years
Mumbai, India (BusinessWireIndia)--- TIMES NETWORK, the broadcast arm of the Times Group initiated, ‘Remonetise India - A Citizen's Pledge’, a nationwide crusader campaign, urging Indians to take the next step from demonetization and Pledge for Growth. Keeping the government’s vision in mind, Remonetise India is an initiative by TIMES NETWORK which calls all the Citizens of India to come out and make a difference. Urging the citizens to be the change agent for the changes they want to see and bring India's economy back on track. Today, TIMES NETWORK conducted a LIVE Telethon from 6:00 pm to 8:00 pm, across all channels of the network and connected viewers to Opinion and Policy makers, encouraged them to invest more and educated the them about moving to a digital and a less cash economy.
NEW DELHI: Prime Minister Narendra Modi addressed the nation here today on various issues including demonetisation’s benefits and its impact on the society. In his 45 minutes speech, he spoke on the demonetisation, which he announced during his last address to the nation on November 8, with a view to curb the black money. While addressing the nation he said that, since Diwali, our nation has been witness to a “shudhi yagna” (rite of purification). He went on to say that, the 125 crore Indian showed the patience and discipline. Their patience and firmness will surely play a critical role in shaping the future of the nation for the years to come. He thanked the country for their support in his demonetisation move. He also said that his effort is to make the banking operation normal as so
New Delhi (GN News) ---The Prime Minister of India is likely to address the nation on the last day of the year 2016. Earlier in his address to the nation on 8th November, the Prime Minister had announced the demonetization of ₹ 500 and ₹1000 notes. Now the forthcoming Prime Minister's address to the nation has become a subject of curiosity and public debate. Nobody knows what the PM’s speech will be about on the eve of New Year, but from political circles to media have started speculating the theme of PM’s public address. The Majority of the experts are of the view that, this address may be a stock-taking of the demonetisation announced during his last address to the nation. PM Modi may make a big announcement on the benefit of demonetization, the market’s worsening situation and Benami p
KANPUR (GN News): 15 coaches (including 13 sleepers and two general) of Sealdah-Ajmer express derailed between Rura and Maitha Stations at 05:22 AM near Kanpur in Uttar Pradesh today. At least 2 persons have been killed and more than 60 passengers were injured in the mishap. According to the Railway ministry’s sources, the Accident Relief Train and Accident Relief Medical Van from Allahabad, Kanpur and Tundla rushed to the site for rescue operations. The NDRF team has also been deployed for the relief and rescue operations. At least 8 passengers have been reported to sustain serious injuries. Suresh Prabhu, Minister of Railways announced an enhanced exgratia payment of ₹ 50,000/- for serious injuries and ₹ 25,000/- in case of simple injuries. The Railway administration has also ordered a s
New Delhi. The government of India has canceled the FCRA licenses of about 20,000 Non-Government Organisations (NGOs). The FCRA license is meant for getting contributions from foreign agencies, which is regulated under the Foreign Contribution Regulation Act, 2010 (FCRA). According to the home ministry sources, these licenses have been canceled due to the violation of the said Act. Now these NGOs will not be able to receive foreign donations. Now there are only 13,000 FCRA licensed NGOs in the country, which can receive foreign funding.
New Delhi (Sputnik): India’s busiest airport, the Indira Gandhi International (IGI) Airport, is embracing robotics for cleaning aircraft. The Nordic Dino robot, to be procured from Sweden’s Aviator, will first be used at Terminal 3 of IGI for washing narrow-body aircraft. The first machine is expected to arrive in February next year and start operations by April. Around 100 airplanes are washed at the IGI every day. It takes at least 10 hours, 20 persons and gallons of water as well as high lifts, ladders, hefty brushes and quite a bit of muscle to clean one aircraft. Cutting labor costs and water consumption and above all minimizing the ground time for exterior washing has been a priority area for flight operators. The Nordic Dino computerized system purpose-built for cleaning aircraft ex
Balasore, Odisha-India (PIB News): Agni-5, the Long Range Surface-to-Surface Ballistic Missile was successfully flight tested by the Defence Research and Development Organisation (DRDO) here today at 1100hrs from Dr. Abdul Kalam Island, Odisha. The full range test flight of the missile has further boosted the indigenous missile capabilities and deterrence level of the country. All the Radars, tracking systems and Range Stations tracked and monitored the flight performance and all the Mission objectives were successfully met. This was the 4th test of Agni-5 missile and the second one from a Canister on a Road Mobile Launcher. All the four missions have been successful. The President of India Shri Pranab Mukherjee congratulated DRDO for the successful test flight of Agni-V which will enhance...
Chennai (BNW) --- The city which was recently shaken up by the sudden passing of their Iconic Chief Minister Madam J. Jayalalithaa suffered yet another jolt. Cyclone Vardah has left Chennai in ruins. Officially, the damages have been estimated to be around INR 10,000 Crores. The city went dark without Electricity & Internet Connectivity. Coupled with the recent demonetization, citizens suffered due to chaos that followed in the aftermath of the cyclone! Amidst all the disruption & devastation, Social groups and NGOs took the lead once again in helping Chennai get back on its feet. One such Organization was the Agni Foundation. Founded by Agnishwar Jayaprakash, who is a 10 year international swimming veteran, currently holding 6 national records, The NGO have been involved actively ...
To develop city based Startup and SME Ecosystems by leveraging Network of Mentors, Investors and incubators WOF to build one-stop technology platform and develop & deliver e-content to the institutes to support skilling in schools and ITI and entrepreneurship training in colleges Raipur (NewsVoir) --- The Govt. of Chhattisgarh and Wadhwani Operating Foundation (WoF) have announced a strategic partnership which aims at making Chhattisgarh a Smart State through Job Creation and Talent Development. Dr. Ajay Kela, President and CEO, Wadhwani Operating Foundation exchanged the memorandum of understanding (MoU) with Alex Paul Menon, CEO, CHIPS, Govt. of Chhattisgarh. Focus areas of this collaboration include making Entrepreneurship Education ubiquitous in Chhattisgarh colleges, deve...