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Airtel, Voda, Idea caused Rs 400-cr loss to govt: Rel Jio
KT NEWS SERVICE
NEW DELHI, May 23: Reliance Jio has filed a complaint with the telecom ministry alleging that incumbents Bharti Airtel, Vodafone and Idea did not deposit requisite licence fee in March, which led to a potential loss of Rs 400 crore to the government. The Mukesh Ambani-led firm alleged that Airtel, Vodafone India and Idea Cellular, in utter violation of licence rules "unilaterally, wilfully and intentionally paid the advance license fee for last quarter" of 2016-17 on the basis of estimated adjusted gross revenue (AGR), which was much lower than "the license stipulation to pay the license fee not less than the fee paid for the third quarter". According to the complaint, Airtel paid around Rs 950 crore as the licence fee for January-March 2017. The amount, Jio alleges, was Rs 150 crore le...
Kashmir Times News Report
State's interests not protected in Vizhinjam port agreement with Adani: CAG
NEW DELHI, May 23 (Agencies): Comptroller and Auditor General (CAG) of India has observed that the Kerala's interests were not protected in the Vizhinjam port project agreement with the Adani group. CAG in its report on public sector undertakings for the year ended March 2016, tabled in the assembly today, said the technical and financial estimates prepared by external consultants were not scrutinised with due diligence resulting in inflation of cost estimates. "The interests of state government were not protected adequately while drawing up the Concession Agreement", the report said in its conclusion. Stating that standard concession period for the Rs 7525 crore PPP project was 30 years and by allowing 10 years, extra concession period in the agreement for Vizhinjam, the Concessionai...
Kashmir Times News Report
20-25 lakh jobs will be created in IT sector in 4-5 years: Ravi Shankar
NEW DELHI, May 23 (Agencies): Denying the reports of a downturn in employment in the country`s IT industry, Electronics and Information Technology Minister Ravi Shankar Prasad on Tuesday said in the coming four to five years, almost 20-25 lakh additional jobs will be created in the sector. "I completely deny and refute that there is any downturn in the employment in the IT sector. It is robust. Once the digital economy is here, you will see how much it will progress," the Minister said during an interaction with reporters at a press meet in the ministry. "Indian IT companies are spread across 200 cities and 80 countries around the world, which provide direct employment to 40 lakh people and indirect employment to almost 1.3 crore people. As the industry is moving forward, it is Nasscom`...
Kashmir Times News Report
First high-speed Mumbai-Goa Tejas Express flagged off: All you need to know
NEW DELHI, May 22 (Agencies): The much-awaited high speed, air-conditioned Tejas Express, which boasts of several ultra modern facilities onboard like LED TV and tea/coffee vending machine was flagged off from Mumbai for Goa on Monday. Tejas Express is a state of the art train capable of running at the speed of 200 kmph with ultra modern amenities run between Mumbai and Karmali (5 days a week during Non-monsoon period and 3 days a week during monsoon period). Railway Minister Suresh Prabhu flagged off Mumbai CST-Karmali Tejas Superfast as Inaugural Special from Mumbai CST on 22/05/2017 (Monday) at 15.25 hrs via Video conferencing from Swami Narayan Sabhagruh, Dadar. The train will reach Karmali at 00:35 hrs on next day. The much-awaited high speed, air-conditioned Tejas Express, which...
Kashmir Times News Report
Coal scam case Former coal secretary HC Gupta, 2 others get 2-year jail term; granted bail immediately
NEW DELHI, May 22 (Agencies): Former Coal Secretary H C Gupta and two serving senior officials were Monday awarded two-year jail term by a Delhi court for irregularities in the allocation of a coal block in Madhya Pradesh to a private firm. Besides Gupta, who was the Coal Secretary from December 31, 2005 to November 2008, then joint secretary K S Kropha and then director K C Samaria in the Coal Ministry have also been awarded two-year jail term. Soon after the pronouncement of the sentence, special CBI court granted bail to all the convicts in the case. CBI had in October 2012 lodged an FIR in the matter, but on March 27, 2014 it filed a closure report in the case. The court rejected the closure report on October 13, 2014 and summoned Gupta and others as accused. The CBI had alleged ...
Kashmir Times News Report
SC to examine whether NOIDA is a corporation under UP law
NEW DELHI May 21 (Agencies): The Supreme Court has agreed to examine a plea of the income tax department whether the North Okhla Industrial Development Authority (NOIDA) is a corporation established by the Uttar Pradesh government under the state industrial development law or not. A bench of Justices R K Aggarwal and A M Sapre has said it will look into the appeal filed by the I-T department against an order of the Allahabad High Court which held that NOIDA is a corporation established under the Act and, therefore, banks are not liable to deduct income tax at source on fixed deposits. The apex court has also refused to grant any stay on the high court direction to the I-T department and asked the banks to file their counter affidavit in four weeks. Appearing for Punjab National Bank, c...
Kashmir Times News Report
NSG likely to meet next month; slim chance of India's entry, China continues to oppose
NEW DELHI, May 21 (Agencies): The next plenary session of the Nuclear Suppliers Group (NSG) is likely to be held in Swiss capital Bern next month, but the chances of any breakthrough on India's entry into the elite group still look slim, given China's persistent opposition to it. India had officially applied for membership of the grouping which controls export of nuclear materials, equipment and technology in May last year. The matter came up for discussion at the Seoul plenary session of the NSG in June last year, but yielded little result with Beijing scuttling India's bid on the ground that it was not a signatory to the non-proliferation treaty (NPT). Ahead of the next NSG plenary session, official sources say, India has renewed its efforts to become a member of the 48-nation group ...
Kashmir Times News Report
Kapil Mishra 'exposes' Arvind Kejriwal, alleges Delhi CM involved in `hawala scam`
New Delhi, May 19 (Agencies): Suspended Aam Aadmi Party leader Kapil Mishra on Friday levelled new set of charges at Arvind Kejriwal and alleged that the Delhi Chief Minister had opposed the demonetisation move as it threatened to "derail" his "money laundering" attempts. "Why did he (Kejriwal) fiercely oppose demonetisation? Why did he travel across the country against the move? Because his men, who hoard black money, were being raided by enforcement agencies," he claimed. Addressing a press conference, Mishra claimed that the AAP had received money through `hawala network`. He also showed a PowerPoint presentation as `evidence` to support his claim that the party received funds from shell companies. Kapil alleged that Delhi-based businessman Mukesh Kumar, who claimed to have donated...
Kashmir Times News Report
Rana-TATA Trust Initiative
India’s first low cost housing project launches in Nagrota
KT NEWS SERVICE
SAHNOO (DHANSAL), May 18: Stressing the crucial need of affordable housing for homeless poor, National Conference Provincial President Devender Singh Rana today lauded the corporate effort of tackling the housing crisis by way of technical know-how and logistic assistance. “Homes for all should be a mission for us all to bring about parity between haves and have-nots”, Rana said while laying the foundation stone for developing low cost housing prototypes at villages Shanoo and Dhansoo in Panchayat Dhan of Nagrota Assembly Constituency. This is yet another initiative of MLA Nagrota Devender Sing Rana who took the issue with Mr Rattan Tata, seeking development of Islands of Excellence in the constituency. Appreciating the deep yearning of Rana about housing for poor, especially Schedule...
Kashmir Times News Report
8 I&FC officials suspended
KT NEWS SERVICE
RAJOURI, May 18: Additional Deputy Commissioner Rajouri, Mumtaz Ali, today inspected functioning of the office of the Executive Engineer Irrigation & Flood Control Department in the district during which eight officials were placed under suspension for unauthorized absence from duties. It was said that an inquiry has been ordered to be conducted by SDM Thanamandi regarding frequent absence of I&FC officials as well as absence of the Executive Engineer from station and irregularities in sanctioning of leaves. The suspended officials include Mohammad Sadiq, Mohammad Aslam, Khalil Mir, Ravi Kumar, Ghulam Hussain, Dheeraj Sharma, Sajid Iqbal and Latief Hussain....
Kashmir Times News Report
Fixing of rates on goods, services
GST council meet in Srinagar from today
KT NEWS SERVICE
SRINAGAR, May 17: The 14th meeting of the GST council to be chaired by the union finance minister, Arun Jaitley is set to begin here tomorrow with finance ministers, finance secretaries and other taxation officials from all the states and union territories attending the crucial meet on new tax regime. The meeting of the fitment committee and preparatory meeting of the officers was convened at SKICC here today in this regard. The formal GST council meeting will be held at the same venue tomorrow while the decisions taken at the meeting will be spelled out by the union finance minister at a press conference on May 19. The tax that 1.3 billion Indians will pay on buying salt to luxury cars and on services like phone calls to dining out will be decided at the GST council meet in Srinagar, ...
Kashmir Times News Report




 
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