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LEGAL NEWS NEWS CATEGORIES 

HC stays I-T notice to Chidambaram for re-assessment

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Chennai, Jun 6 (DIN NEWS) The Madras High Court today stayed the Income Tax Department’s notices issued to former finance minister P Chidambaram seeking reopening of assessment of his I-T returns for 2011-12 as it suspected that his income chargeable to tax had escaped assessment. Hearing a petition by Chidambaram, Justice T S Sivagnanam granted the interim stay on the proceedings pursuant to the notices dated March 27, 2018 and May 23, 2018 issued by the Assistant Commissioner of Income Tax, Chennai, for re-opening the assessment. Directing the I-T authorities…

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LEGAL NEWS NEWS CATEGORIES 

HC dismisses as infructuous Sasan Power’s plea to mine excess coal

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New Delhi, Jun 6 (DIN NEWS) The Delhi High Court today termed as infructuous a plea by Sasan Power Ltd, a Reliance Power subsidiary, seeking permission to extract excess coal from two mines in Madhya Pradesh, saying that the Centre was already examining the issue. A bench of Acting Chief Justice Gita Mittal and C Hari Shankar also noted that an inter ministerial committee had severely criticised the mining being conducted by Sasan Power Ltd (SPL) holding that there was high moisture content in the coal due to water not…

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BUSINESS NEWS CATEGORIES 

RBI gives big relief to MSME sector

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New Delhi, Jun 6 (DIN NEWS) Providing major relief to the MSME sector, RBI today eased NPA classification norms for such units facing input credit linkages and associated issues. “In continuation of support and relief to MSMEs, NPA recognition for GST and non GST MSMEs now at 180 days for dues up to December 31, 2018. Tapering norm from January 1, 2019 to encourage GST registration” Financial Services Secretary Rajiv Kumar said in a tweet. In February, banks and NBFCs were allowed to temporarily classify their exposures to the Goods…

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NEWS CATEGORIES WORLD NEWS 

New crew blasts off for ISS

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Baikonur, Jun 6 (DIN NEWS) – A relatively inexperienced crew of two astronauts and a cosmonaut blasted off Wednesday from the Baikonur cosmodrome in Kazakhstan for a five-month mission on the International Space Station. German Alexander Gerst of the European Space Agency, NASA’s Serena Aunon-Chancellor and Russian Sergei Prokopyev of Roscosmos shot into the sky in warm, dry conditions at 1112 GMT. They should dock at the space station on Friday. The trio only have a total of one previous space mission between them — 42-year-old Gerst’s debut mission aboard…

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NEWS CATEGORIES WORLD NEWS 

Merkel predicts ‘contentious’ G7 summit with Trump

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Berlin, Jun 6 (DIN NEWS) German Chancellor Angela Merkel said today she expected “contentious discussions” at a G7 summit this week, given differences with US President Donald Trump on trade, climate and security. Speaking two days before the Canada meeting of the club of major industrialised democracies, Merkel also said the leaders may not necessarily manage to agree on a final joint statement. “I think everyone knows there will be difficult discussions there, because G7 summits deal with the global economy, trade, climate protection, development- and foreign policy,” she told…

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NATIONAL NEWS NEWS CATEGORIES 

No Iftar party at Rashtrapati Bhavan this year

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New Delhi, Jun 6 (DIN NEWS) President Ram Nath Kovind will not host an Iftar party this year at the Rashtrapati Bhavan. “After the President took over office, he decided there would be no religious celebrations or observances in a public building such as Rashtrapati Bhavan on taxpayer expense. This is in keeping with the principles of a secular state and applies to all religious occasions, irrespective of religion,” said Ashok Malik, Press Secretary to the president. He said the president of course wishes all fellow citizens on every major…

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NATIONAL NEWS NEWS CATEGORIES 

Govt decided to reduce NCERT syllabus as students are overburdened: HRD minister

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New Delhi, Jun 6 (DIN NEWS) Union minister Prakash Javadekar today said the government decided to half the NCERT syllabus as students did not find time for other activities as they were overburdened. The decision to half the syllabus was announced by the Union HRD Minister last week. “There is a huge load of books and information, and students have no time. There is no time for physical education, value education and life skills. “So, we decided to half the portion (syllabus). There is no need to teach them everything.…

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BUSINESS NEWS CATEGORIES 

Patanjali to review decision over food park project after assurances from UP CM

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Lucknow/New Delhi Jun 6 (DIN NEWS) Uttar Pradesh Chief Minister Yogi Adityanath has directed officials to expedite the process for Baba Ramdev’s Patanjali Ayurved to set up its Rs 6,000-crore food park, prompting the company to say it is reviewing the decision to pull out of the project. Yesterday, Patanjali had stated that it was pulling out of the mega food processing project along the Yamuna Expressway in Uttar Pradesh, citing non-cooperation from the state government and delay in clearances for transfer of land. Over the development, UP Infrastructure and…

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NEWS CATEGORIES SPORTS 

Wild cards Ruma, Saina in last eight at tennis tournament

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Pune, Jun 5 (DIN NEWS) Wild cards Ruma Gaikaiwari and Saina Deshpande knocked out seeds to enter the girls singles quarterfinals of the MSLTA KPIT – Arun Wakankar Memorial ATF Asian under 14 Series Tennis Tournament here today. In the girls second round, Ruma upset seventh seed Saumya Ronde 6-4,7-6(5), while Saina toppled eighth seed Kaashvi Thapliyal 6-2, 6-2 to enter the last eight. In the boys section, fifth seed Daksh Agarwal struggled to get past Joshua Eapen 7-5,5-7,6-2, while Saharia came from loss of the opening set to survive against…

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NEWS CATEGORIES SPORTS 

Murray ‘closer’ to return, targets Wimbledon

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London, June 5 (DIN NEWS) Andy Murray says he “getting closer” to playing again following a frustratingly long injury lay-off and hopes to be fit enough to target a third Wimbledon title. The former world number one has not played competitively since last year’s Wimbledon, undergoing hip surgery at the turn of the year. With Wimbledon fast approaching, Murray, who has slipped to 47th in the world, said he had returned to training and playing the grass-court season remained his aim. “It’s been very slow,” he said in a video on…

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