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Top earners, high-growth sectors under tax scanner

Top income earners, both individuals and companies, are under the radar of the income tax department. The Central Board of Direct Taxes has asked field officers to augment tax collections by ensuring that sectors growing at faster rates compensate for those growing slower. “Turnaround sectors during the last financial year such as FMCG, pharma, logistics, e-tailing companies and alcoholic beverages may be monitored,” the CBDT said in an advisory to tax officers. “E-commerce ... Rediff.com, 6 minutes ago

Mamata govt to appeal order for Tapas Paul CID probe today

West Bengal's Trinamool Congress government will on Wednesday appeal against a Calcutta High Court order directing a CID probe into the rape and violence remarks by party MP Tapas Paul. "Paul has already tendered a public apology and we feel initiating criminal proceeding against him is uncalled for. So the government will be filing an appeal before a division bench on Wednesday," state Law Minister Chandrima Bhattacharya had told a news agency on Tuesday.Hearing a petition seeking ...
 Rediff.com10 minutes ago
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Ukraine crisis: US, EU inflict $100 billion wound on Russia

The United States and European Union have slapped tougher and "wide-ranging" sanctions on Russia, targeting its energy, finance and defence sectors for its continued support of separatists in Ukraine.  Announcing the latest US actions at the White House, President Barack Obama said, "The European Union is joining us in imposing major sanctions on Russia - its most significant and wide-ranging sanctions to date." "We're blocking the exports of specific goods and technologies to the ...
 Rediff.com13 minutes ago Stocks Stage Comeback; TAL Education Jumps  Crawford Financial Planning9 hours ago BP: More Russia Sanctions May Hurt Business  E&P Magazine9 hours ago EU Russia Sanctions Target Oil Technology  E&P Magazine9 hours ago
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India at CWG: Best show by Sushil-led wrestling team; shooters continue to dominate

Two-time Olympic medallist Sushil Kumar spearheaded a sparkling show as Indian grapplers dominated the wrestling arena with three gold medals after the shooters ended their campaign on a rousing note with five more podium finishes on sixth day of competitions in the 20th Commonwealth Games in Glasgow on Tuesday. With 10 medals, including three gold, this was India's best show in this edition of the mega-event. Sushil expectedly bagged gold in men's 75kg freestyle category while Amit Kumar ...
 Rediff.com14 minutes ago Top headlines at this hour:  Rediff.com43 minutes ago Chopper scam: Italy shelves case against Finmeccannica  Rediff.com56 minutes ago CWG 2014: Sushil, Amit and Vinesh win wrestling gold medals  Rediff.com8 hours ago
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Russia supplying air defence system to separatists: US

The Pentagon has said Russia was supplying air defence system to the Ukrainian separatists believed to have shot down the Malaysian airliner earlier this month killing all of the nearly 300 people on board. "We do believe that some of the air defence systems that continue to flow up to the border and then across the border are of sufficient range and equivalent capability as to what we saw shoot down the Malaysia airlines flight," Pentagon Press Secretary Rear Admiral John Kirby told reporters.
 Rediff.com20 minutes ago

5 crazy rules in some Tamil Nadu engineering colleges

Off late, some engineering colleges in Tamil Nadu have been taking 'discipline' too seriously! The News Minute has compiled a list of some crazy rules. And these are for real!Please click NEXT to see the top
 Rediff.com29 minutes ago

Ladies Special: Investments just for YOU!

Financial service providers are wooing the fairer sex with special benefits on women-centric products. The modern Indian woman is fiercely independent, has a mind of her own and has the ability to multi-task. Yet, when it comes to finance and financial products the general perception about women is that she is averse to risk while he is the risk-taker and willing to pitch it all up for mighty gains. This perception may soon be a thing of the past as many social studies conducted worldwide ...
 Rediff.com34 minutes ago
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Curfew in Saharanpur to be relaxed for 5 hours today

Curfew in the communal violence-hit Saharanpur will be relaxed for five hours today.Curfew will be eased from 8:30 am to 1:30 pm in the new city, Saharanpur District Magistrate Sandhya Tiwari said, adding that it will be from 2 PM to 7 PM in old city areas. On Sunday, the curfew was relaxed for four hours and the relaxation period passed off peacefully. She further said that if the situation remains calm then the curfew might be released from 7 am to 5 pm on Thursday.Curfew was ...
 Rediff.com37 minutes ago Curfew relaxed in Saharanpur for Eid  Rediff.com17 hours ago

Twitter loss widens but user numbers propel shares

Twitter has reported that its quarterly loss widened to USD 145 million despite revenue more than doubling, but its shares soared on word of healthy user growth. Revenue at the popular one-to-many messaging service topped USD 312 million in the three months that ended June 30, with the number of monthly active users hitting 271 million, up 24 per cent when compared with the same period a year earlier, Twitter reported yesterday.The loss adjusted for special items was less than the market ...
 Rediff.com41 minutes ago
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'I doubt if Sahara is serious about selling properties'

Owners of Pune-based Serum Institute of India, the Poonawalla’s have thrown the hat to acquire the iconic Grosvenor Hotel in UK from Sahara Group. Adar Poonawalla (bottom Left), CEO of Serum Institute and son of Cyrus Poonawalla is categorical that they are only interested in the Grosvenor House Hotel property from Sahara and this does not signal their entry into the hospitality sector. In an interview with Shivani Shinde Nadhe, Poonawalla talks about funding options, expansion plans for ...
 Rediff.com41 minutes ago
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