Bank funding of spectrum purchases hits DoT wall

Describing the alleged incident to be a ‘serious matter’, Dhumal said that Virbhadra had misguided the I-T Department as well as the Election Commission by hiding information about the loans he and his wife took from firms of Vakamulla ...

In an effort to meet the revenue targets, the Income Tax (I-T) Department will be sending out letters to 230,00,00 assessees who have not filed returns. It has already issued letters to 245,00,00 individuals.   Therefore, if you haven’t filed taxes for the financial year 2012-13 (FY12-13), you still have time in hand. The I-T department accepts returns till the end of the assessment year, that is, till March 31, 2014. Importantly, if all your taxes are paid, you will not even be ...

United States welcomed the prisoners release as an ‘important step to deescalate tensions’ after more than two months of political crisis as protesters seek to oust President Viktor Yanukovych.      However the ...

'When I was 14, I was the oldest I ever was. I’ve been getting younger every since.' Raja Sen lists some famous quotes by former child star Shirley Temple. The most iconic of child stars and America’s truest sweetheart, Shirley Temple passed away on February 10. The legendary actress was 85. She leaves us with an adorable filmography and tales of her spirit and commitment as an actor and a diplomat. Here are 10 quotes that encapsulate the ever-outspoken Ms Temple at her best: a ...

A vigilance department insider-turned-online journalist, busy taking on the establishment, comes to fore with the 2G tapes When Aam Aadmi Party leader and senior advocate Prashant Bhushan put out the sensational audio tapes of conversations between Dravida Munnetra Kazhagam Rajya Sabha member Kanimozhi and the then Tamil Nadu police chief of intelligence, Jaffar Sait, in 2010-11, he was not announcing something new. Three days earlier, on February 1, a little-known (outside the southern state) ...

We didn’t have much money. We are all first generation entrepreneurs,” says Ankit Mehta, co-founder and CEO of Ideaforge, a company that makes unmanned aerial vehicles. In 2007, there weren’t many venture capitalists willing to bet their money on a company that dreamt of making UAVs, whatever its technological prowess. Ankit is an IIT Bombay alumnus (BTech and MTech in Mechanical Engineering with specialisation in computer-aided design and automation). His co-founders, Rahul ...

The recent alleged sabotage of BSNL’s network in coastal Andhra Pradesh by a major Chinese telecom equipment maker has once again reminded Indian intelligence agencies that when it comes to hacking, China is India’s biggest concern. Vicky Nanjappa explains why. India’s intelligence agencies and the department of telecommunications have jointly begun an investigation into the alleged role of Chinese telecom equipment maker Huawei hacking into Bharat Sanchar Nigam ...

“This absolutely had nothing to do with the ongoing case of Dr. Khobragade," State Department spokesperson Marie Harf told reporters on Friday when asked if US action would hurt efforts to restore ties with India after their worst diplomatic ...

From April 1, as people rush to bank branches to exchange their pre-2005 notes, the income-tax (I-T) department will also be on its toes. The department is gearing itself to use information from banks to nab tax evaders. The Reserve Bank of India (RBI) had on Wednesday decided to withdraw all currency notes issued before 2005 and said bank would exchange all such notes brought to their branches by customers, as well as non-customers. In the case of non-customers, the central bank had said, ...