Latest Legal News

Delhi police cracks Islamic State terror module, three suspects arrested

Posted 1 week ago  |   Views: 45  |    0  |  General Legal

The Delhi Police Special cell has arrested three ISIS suspects from Jalandhar, Mumbai and Bijnor in a joint operation with the Uttar Pradesh Anti-Terrorist Squad.

An investigation is currently underway in this regard.

The Uttar Pradesh Anti-Terrorist Squad said it received information of a gro.....

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India records impressive growth in recent years, GST a major step: IMF

Posted 1 week ago  |   Views: 36  |    0  |  Taxation & Duty

India's growth has been "impressive" in the recent years which makes room for tax broadening efforts by the government, according to a top IMF official.

"India has recorded quite an impressive growth performance in recent years. Our view is that the elimination of fuel subsidies and the targeting.....

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I-T dept seeks Rs 30k cr penalty from Cairn Energy for non-payment of tax

Posted 1 week ago  |   Views: 34  |    0  |  General Legal Taxation & Duty

The Income Tax Department has slapped a fresh notice on British firm Cairn Energy, seeking up to Rs 30,700 crore in penalties for its alleged failure to pay Rs 10,247 crore capital gains tax on time.

Within weeks of tax tribunal ITAT upholding levy of a retrospective tax, the Income Tax Departmen.....

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Forgot your ATM pin? You may soon make payments with your fingerprints

Posted 1 week ago  |   Views: 37  |    0  |  Banking General Legal

Forgot your ATM pin? A next-generation biometric card that lets you authenticate your payments with your fingerprints could soon come to your aid.

US-based company Mastercard today unveiled the new biometric card that combines chip technology with fingerprints to conveniently and safely verify th.....

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Syria chemical attack: Why can't America just take out Bashar al-Assad?

Posted 2 weeks ago  |   Views: 60  |    0  |  General Legal

The Trump administration has done an abrupt about-face on Syria, contradicting its own nascent foreign policy. Within 24 hours, it went from calling out the Assad regime for using chemical weapons to launching missiles at military targets. As limited as the strikes were, there are also statements th.....

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The many benefits of filing your income tax returns on time

Posted 2 weeks ago  |   Views: 53  |    0  |  Taxation & Duty

The time for filing income tax returns is once again upon us. Most people regard this task as a burden. But filing returns will in the future help you account for certain incomes that may not be subjected to tax – stocks investments of over one year, for example. Many are not even aware that those.....

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Central Bank of India customer wins Rs 1 cr under Modi's cashless scheme

Posted 2 weeks ago  |   Views: 54  |    0  |  Banking

A transaction of Rs 1,590 has bagged a Central Bank of India customer a lucky bounty of Rs 1 crore under the Modi government's promotional scheme to popularise digital payments.

President Pranab Mukherjee picked up the lucky winners from the 100th draw of lots under digital payments promotion sch.....

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Be a buy-and-hold investor in mutual funds

Posted 2 weeks ago  |   Views: 57  |    0  |  Banking

The SIP (systematic investment plan) culture has taken firm root among mutual fund investors in India, with an increasing number of security market investors preferring  them to direct equities. But as Sebi's latest Investor Survey (2015) shows, there are many misconceptions that non-investors harb.....

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Avenue Supermarts extends rally; stock soars over 25% in three days

Posted 2 weeks ago  |   Views: 49  |    0  |  General Legal

Avenue Supermarts, which runs D-Mart stores, has seen its market capitalisation (m-cap) crossing Rs 50,000 crore after the stock hit a new high of Rs 803.35 on the National Stock Exchange (NSE) at 10:16 am.

About 407,146 equity shares exchanged hands on the counter, the NSE data shows.  CLICK HE.....

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Apple sued over 'error 53' iPhone shutdowns

Posted 2 weeks ago  |   Views: 70  |    0  |  General Legal

An Australian regulator is suing Apple Inc. AAPL -0.52% over software which disabled iPhones and iPads that had been serviced outside Apple stores after users downloaded updates.

The Australian Competition and Consumer Commission alleges Apple violated Australia’s consumer law by shutting down .....

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Parliament passes Bills to pave way for GST

Posted 2 weeks ago  |   Views: 72  |    0  |  Taxation & Duty

The Rajya Sabha on Thursday cleared four goods and services tax (GST) Bills. Now, the President’s consent and approval of the Assemblies are required for clearing all legislative hurdles, before the unified indirect tax regime is rolled out. 

Before passage of the Bills, Finance Minister Arun .....

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Israel to pip US as India's largest arms supplier with Barak missiles, UAVs

Posted 2 weeks ago  |   Views: 67  |    0  |  General Legal

Israel is set to overtake the US and become India’s largest foreign arms supplier in 2016-17 with lucrative contracts to supply advanced anti-aircraft and anti-missile defence systems to the army and navy.

On Thursday, Israel Aerospace Industries (IAI) announced the award of Indian defence cont.....

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Alert! A student is committing suicide in India every hour

Posted 2 weeks ago  |   Views: 64  |    0  |  General Legal

On April 3, 2017, Arjun Bharadwaj, a 24-year-old management student, committed suicide by jumping out of a 19th-floor hotel room in Mumbai. Media reporting suggested he had been depressed about failure in exams and repeatedly talked about ending his life on social media. There were also suggestions .....

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Income-tax raids at Tamil Nadu Health Minister C Vijayabaskar's house

Posted 2 weeks ago  |   Views: 72  |    0  |  Taxation & Duty

The income tax (I-T) department initiated search operations on Friday at the residence of Tamil Nadu Health Minister C Vijayabaskar's residence and other locations.

The action comes at a time when his party is facing a by-election in R K Nagar, the Assembly seat which fell vacant after the demise.....

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India moves mountains to build military road to China border

Posted 3 weeks ago  |   Views: 69  |    0  |  General Legal

On the near-vertical slopes of the eastern Himalayas, workers are blasting and cutting treacherous rock faces to build a top-priority military asset: a 34-mile road to the country’s disputed border with China.

Far away in the capital New Delhi-a six-day journey by foot, road, rail and air-Prime.....

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