The Income Tax department will tightened noose on individuals who are getting high returns on their fixed deposits investments but are not paying the taxes.

The IT department would be watching closely over those with interest income of Rs 5 lakh or more, including senior citizens, according to a report published in the Times of India.

Telecom sector watchdog, TRAI has ordered Idea Cellular to deposit Rs 2.97 crores for overcharging its subscribers for making calls to BSNL and MTNL networks.

However, the amount would be paid to the Telecom Consumers Education and Protection Fund (TCEPF) as Idea is unable to refund its customers as there is no availability of rated call records.

The Rs 1,000-denomination note may be making comeback after its legal tender status was withdrawn in the demonetisation measure announced on November 8 last year. According to a source-based DNA report, the government will soon start printing the new Rs 1,000 notes with enhanced security features as compared to its predecessor.

Citing a person close to the development, the report said that work on the design and paper for printing the new Rs 1,000 notes was in full swing and that they could be out and in your wallets as soon as December this year. The person told the news agency that the Mysore and Salboni printing presses were getting ready to print the new currency notes.

P V Sindhu's gallant effort to become India's first ever World Champion ended in a heart- wrenching defeat against Japan's Nozomi Okuhara in an epic final on Sunday.

In the longest match of the tournament, which tested the physical and mental strength of both the players, Sindhu lost 19-21 22-20 20-22 after battling hard for one hour and 49 minutes. Their bodies were falling apart as the match progressed but both Sindhu and Okuhara used every ounce of energy left in them to make it an epic contest.

Real estate developer DLF said on Sunday it had entered into a joint venture with Singapore’s sovereign wealth fund GIC to build rental assets in India after its promoters sold 33.34 per cent stake in the rental arm to the Singapore sovereign wealth fund.

DLF also said it expected an infusion of Rs 13,000 crore into the company, a better part from promoters, by December and the amount would be utilised for reducing its debt substantially. While promoters are expected to invest about Rs 10,500 crore into the company, DLF expects to raise another Rs 3,000 crore from institutional investors through qualified institutional placement, sources said.

Prime Minister Narendra Modi on Saturday declared an immediate relief of Rs 500 crore for flood-hit Bihar after undertaking an aerial survey of affected areas. He also announced an exgratia of Rs 2 lakh to the families of those killed and Rs 50,000 for those injured grievously by the floods.

The Prime Minister was accompanied by Bihar Chief Minister Nitish Kumar and Deputy Chief Minister Sushil Modi. He also reviewed relief and rehabilitation work with them in detail.

The Uttar Pradesh government will bring a new policy to promote Khadi on the lines of Gujarat and is likely to be implemented from next year, Minister for Khadi and Gramodyog Satyadev Pachauri has said.

"The Yogi Adityanath-led Uttar Pradesh government will implement Khadi policy in the state. The details of it have been worked out. There are plans to implement it from April 2018," he said in Bhadohi, Uttar Pradesh, last night.

New Delhi, Aug. 25 (PTI): The stalemate between the Coal India management and the labour unions over salary increase has ended after both sides reached an understanding.

"We have reached an understanding with the Coal India management for a 20 per cent minimum guaranteed benefit," D.D. Ramanandan, general-secretary of the Citu-affiliated All India Coal Workers Federation, said.

Kolkata: Leading automobile manufacturer Tata Motors is now working on alternative plans for its small car Nano whose sales have fallen making its production not a viable proposition, an official of the company said.

Asked about the future of Nano, COO of Tata Motors Satish Borwankar said “going forward, alternative plans for Nano is being considered. Like the electric version of the small car, production of Nano is no longer a viable proposition”.

Bengaluru: The board of Infosys on Friday termed as “unfortunate” the past differences with founder NR Narayana Murthy and said it never intended to cause him “personal distress or anguish”.

Addressing a press conference after the board meeting, newly appointed Infosys chairman Nandan Nilekani said,“The board is focused on bringing complete stability to the company and that it has tasked its committee of directors to work with the CEO and management to refresh the company’s strategy by October.”

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