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HC quashes Income Tax proceedings against Karti Chidambaram& his wife

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The Madras High Court has quashed the Income Tax proceedings initiated against Karti Chidambaram, son of former Union Finance Minister P Chidambaram,and his wife over alleged non-disclosure of cash transactions of about Rs seven crore following sale of a property near here. The Court, while ruling that the action is “not maintainable and premature”, clarified that proceedings may be initiated again if the authority concerned deemed the same is required after proper assessment. The prosecution case was that Karti, the Congress Member of Parliament, representing Sivaganga, and his wife Srinidhi…

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BUSINESS NEWS CATEGORIES 

Sensex rises over 250 pts to record peak in early trade; Nifty above 13,550

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Equity benchmark Sensex jumped over 250 points in early trade on Monday tracking gains in index majors ICICI Bank, HDFC and L&T amid persistent foreign fund inflows and largely positive trend in global markets. After touching its record intra-day high of 46,373.34 in the opening session, the 30-share BSE index was trading 235.41 points or 0.51 per cent higher at 46,334.42. Similarly, the broader NSE Nifty rose 69.70 points or 0.52 per cent to 13,583.55. It hit a high of 13,588.40 in early trade. ONGC was the top gainer in…

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NEWS CATEGORIES WORLD NEWS 

Trump raises China concerns as reason to veto defence bill

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President Donald Trump on Sunday tweeted that he intends to veto a wide-ranging defence policy bill, raising new but unspecified concerns about China as a reason to reject a traditionally bipartisan measure with a nearly 60-year track record of being signed into law. The biggest winner of our new defence bill is China! I will veto! Trump said. The White House did not immediately respond to an emailed request for comment on Trump’s specific concerns about China. Senate Majority Leader Mitch McConnell, R-Ky., has said the bill would help deter…

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NATIONAL NEWS NEWS CATEGORIES 

COVID-19: Daily new infections dip below 30,000 again this month

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The daily new COVID-19 cases fell below 30,000 for the third time this month taking India’s virus caseload to 98.84 lakh, while the number of people who have recuperated from the disease surged to 93.88 lakh, according to the Union Health Ministry data updated on Monday. The total coronavirus cases mounted to 98,84,100 with 27,071 infections being reported in a day. The death toll rose to 1,43,355 with 336 new fatalities, the data updated at 8 am showed. The number of people who have recuperated from the disease surged to…

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NEWS CATEGORIES SPORTS 

I’m ready to bat at any position from No. 1 to 3: Labuschagne

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Australia batsman Marnus Labuschagne on Saturday said there has not been any talk about him opening the batting in the first Test against India but he is ready to bat at that slot if the team management asks him to do so. With both David Warner and Will Pucovski ruled out of the first Test, and Joe Burns short of runs, Labuschagne is an opening option for the home side in the day/night match starting here on December 17. No, there has not been (any talk on batting position) ……

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ENTERTAINMENT NEWS CATEGORIES 

Vikrant Massey to feature in Hindi remake of Malayalam thriller ‘Forensic’

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Actor Vikrant Massey is set to headline the Hindi remake of the Malayalam film, “Forensic”. The thriller will feature the “Mirzapur” actor playing a meticulous forensic officer, portrayed by Tovino Thomas in the original, which released earlier this year. The remake is a part of Mini Flims’ Mansi Bagla’s acquisition of three super hit South Indian features. Massey described “Forensic” as an “intelligent film” which keeps viewers hooked. “At the same time, it is an out-and-out entertainer. I am really looking forward to collaborating with Mini Films and I am…

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LEGAL NEWS NEWS CATEGORIES 

HC quashes Income Tax proceedings against Karti Chidambaram& his wife

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The Madras High Court has quashed the Income Tax proceedings initiated against Karti Chidambaram, son of former Union Finance Minister P Chidambaram,and his wife over alleged non-disclosure of cash transactions of about Rs seven crore following sale of a property near here. The Court, while ruling that the action is “not maintainable and premature”, clarified that proceedings may be initiated again if the authority concerned deemed the same is required after proper assessment. The prosecution case was that Karti, the Congress Member of Parliament, representing Sivaganga, and his wife Srinidhi…

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BUSINESS NEWS CATEGORIES 

Public institutions, pvt sector together can help developing economies overcome pandemic: Nadella

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Microsoft CEO Satya Nadella on Saturday said public institutions and the private sector working together can help developing economies to recover from the pandemic and “catch-up growth”. He also emphasised on the need for a “social contract” between the government, private sector and the broad civic society that allows creation of harmony to navigate changes together. “Having grown up as a son of an Indian civil servant, I think quite a bit about public sector and also the institutional strength of our public sector institutions is so important…how do we…

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NEWS CATEGORIES WORLD NEWS 

US allows emergency COVID-19 vaccine in bid to end pandemic

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The US gave the final go-ahead Friday to the nation’s first COVID-19 vaccine, marking what could be the beginning of the end of an outbreak that has killed nearly 300,000 Americans, according to a person familiar with the decision but not authorised to discuss it publicly. Shots for health workers and nursing home residents are expected to begin in the coming days after the Food and Drug Administration authorised an emergency rollout of what promises to be a strongly protective vaccine from Pfizer Inc. and its German partner BioNTech. Initial…

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NATIONAL NEWS NEWS CATEGORIES 

PM assures farmers on agri reforms, says govt committed to their welfare

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As farmers vowed to expand their protests over new farm laws, Prime Minister Narendra Modi on Saturday assured them that his government was committed to their welfare and that the legislations were aimed at giving them alternate markets to boost income Without directly referring to the farmers’ agitation, which entered the 17th day on Saturday, Modi said agriculture reforms as part of government efforts are aimed at removing roadblocks, and the new laws will also bring in technology and investment in the sector. The government, he said, is committed to…

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