New Delhi: Finance Minister P Chidambaram will inaugurate a two-day conference of top Income Tax department and CBDT officers later this month in the national capital and discuss efforts to maximise revenue collection. The annual conference of Chief Commissioners and Directors General of the I-T department will be held on May 28 and 29.
A host of challenges being faced by the department like illegal chit fund companies, ponzi schemes, issues of international taxation and non-intrusive and technology based surveillance are expected to be discussed during the meet.
Chidambaram, according to sources, is expected to deliver the inaugural speech at the conference which will also be attended by authorities from the Finance Ministry, Department of Revenue and the Central Board of Direct Taxes (CBDT), the apex body of the I-T department....
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09:55 AM, May 19, 2013
Barcelona: Real Sociedad came back to win 2-1 at Sevilla and Valencia beat Getafe 1-0 on Saturday as both teams remained locked on points in their fight for a fourth-place finish in the Spanish league. Sociedad remained ahead of fifth-place Valencia on head-to-head goal difference and in control of Spain's last Champions League spot with two rounds to go. The Basque side fell behind 10 minutes in at Sanchez Pizjuan...
08:29 AM, May 19, 2013
Berlin: Germany has approved new measures to rein in high-risk financial business of banks and to decouple them from retail banking as part of a comprehensive reform to prevent a repeat of the financial crisis five years ago and to minimise the costs for taxpayers if banks were to be bailed out in the future. The Bundestag, the lower house of parliament, on Friday voted with the majority of the...
07:40 AM, May 19, 2013
Moscow: Part of an airliner carrying more than 130 people caught fire as it was landing in Moscow, and passengers evacuated the plane by jumping off one of its wings and shooting down an evacuation slide. The Emergencies Ministry says none of the passengers and crew members were injured by the fire on the landing gear of the Boeing 737 at Vnukovo Airport on Saturday. A ministry statement said the...
06:32 AM, May 19, 2013
Guwahati: Assam Chief Minister Tarun Gogoi said at Guwahati on Saturday there was considerable improvement in the law and order situation in the state over the past 12 years. He added that the government has been able to bring almost all insurgent outfits to the negotiating table. Gogoi completed his second year as chief minister for the third consecutive term Saturday. He said that while 412 civilians were killed due...
05:42 AM, May 19, 2013
Shimla: Ending over five months of speculation after the recovery of a wireless transmitter close to India-China border in Himachal Pradesh, the state police on Saturday said it was used by trekkers for communication and posed no security threat. "The equipment found December 4 near Jangi vilage in Kinnaur district by forest officials of Moorang were examined by communication experts and it was revealed that the equipments doesn't pose any...
05:14 AM, May 19, 2013
Kolkata: The West Bengal State Election Commission on Saturday wrote to the state government seeking a change in the schedule for the panchayat polls and the bunching of districts in each phase. The state government had issued a notification on Friday proposing three-phase polls. Nine districts are to go to the hustings July 2, and four each July 6 and July 10. The SEC's latter has sought a regrouping of...
04:15 AM, May 19, 2013
Manchester: Roberto Mancini bade farewell to Manchester City fans by taking out a full-page advert in the local newspaper on Saturday, thanking them for their support during his 3 1/2 years in charge. The Italian was fired by City on Monday after failing to win a major trophy in a season of regression, even though he guided the club to a first Premier League title 12 months earlier. In an...
08:45 PM, May 18, 2013
Tuticorin: A 33-year old man was arrested on Saturday for alleged indecent and obscene acts near the government nursing college hostel. The accused had scaled the compound wall of the hostel and stripped himself before dancing, shocking the students, police said. He was arrested on a complaint by the Resident Doctor of the hostel, police said adding the accused along with two others had been indulging in similar obscene acts...
08:33 PM, May 18, 2013
Chandigarh: Amid tight security, the stage is set for Sunday's elections to Panchayat Samitis and Zila Parishads in Punjab, the campaigning for which was marred by violence in which four persons were killed. Security force personnel had been deployed in strength to ensure smooth, free and fair elections, said state Election Commissioner SS Brar. As many as 760 candidates were in fray for elections to 331 zones of 22 Zila...
07:40 PM, May 18, 2013
Mumbai: In fresh trouble for pacer Sreesanth, Mumbai police's crime branch may book him in a spot fixing case registered by it and seek his custodial interrogation, Joint Commissioner (Crime) Himanshu Roy said on Saturday. Roy said permission of a competent court has been secured for obtaining "mirror images" of a laptop computer, an ipad and mobile phone seized from a room in a 5 star hotel in Bandra on...
07:04 PM, May 18, 2013
Delhi police sources on Saturday told CNN-IBN that Rajasthan Royals' bowler Sreesanth received Rs 10 lakhs of the total 40 lakhs as fixed. Bank accounts of the players were also checked and the sources added that there were strong evidence against Sreesanth and they have enough proof to prove Sreesanth's money trail. It has also been learned that the police team was sent to offspinner Ajit Chandila's house and they...
04:54 PM, May 18, 2013
Pune: Pune Warriors India host Delhi Daredevils on Sunday in a match which will decide who takes the last spot in the sixth edition of the Indian Premier League. Both teams have a tournament to forget, each picking up just three wins in 15 matches and it's hard to say who is the favourite going into this match. Ideally, it has to be the team with fewer shortcomings. But looking...
02:30 PM, May 18, 2013
Mumbai: Veteran actor Rishi Kapoor seems to be as busy as his son Ranbir. He is excited about the total of seven releases he has this year, and that he plays different characters in each one of them. "(I am) looking forward to lot of films this year. I have seven releases - one just released, 'Chashme Buddoor' and then 'Aurangzeb'. And then (I have) five more films - 'D-Day',...
02:17 PM, May 18, 2013
Paris: France's constitutional council has rejected a challenge by conservative lawmakers to the country's new gay marriage law, saying the law was constitutional. That means France could see its first gay marriages by the end of May. France's Parliament passed the law legalizing gay marriage in April after a wrenching national debate. Opponents led by the conservative UMP party immediately challenged the law in France's Constitutional Council, which rejected their...
12:46 PM, May 18, 2013
London: The Financial Times' website and Twitter feeds were hacked on Friday, renewing questions about whether the popular social media service has done enough to tighten security as cyber-attacks on the news media intensify. The Syrian Electronic Army, an online group that supports Syrian President Bashar al-Assad, was behind the incident which followed a phishing attack on the company's email accounts, FT reported on its website. The attack is the...
12:46 PM, May 18, 2013
Bhubaneswar: More than a fortnight after CNN-IBN exposed that Odisha-based Seashore Group had duped over 1.5 lakh investors of Rs 1700 crore, the state's crime branch on Saturday sealed the headquarters of the group in Bhubaneshwar. The company had reportedly offered investors 24 per cent interest per annum. While the chairman of Seashore Group Prashant Das has yet not been arrested, the police had earlier detained over a hundred staff...
12:21 PM, May 18, 2013
New Delhi: The Indian Premier League authorities have contacted all nine of its franchises and instructed them to speak to their players and reinforce the Code of Conduct, IPL sources told CNN-IBN on Saturday. The franchises have been asked to remind all the players that they have to abide by the Code of Conduct to prevent any unwanted incident from happening. The directive has come after three Rajasthan Royals' players...
10:51 AM, May 18, 2013
David Beckham's longevity and his ability to reinvent himself were "absolutely incredible", retiring Manchester United manager Alex Ferguson has said. Beckham and Ferguson, who were synonymously linked with Manchester United until the former England captain moved to Real Madrid, both announced in the past 10 days they would retire from soccer at the end of the current season. The 71-year-old Ferguson's final game in charge after 26 years at Old...
09:31 AM, May 18, 2013
New Orleans: Residents of one of America's most violent cities cheered six arrests in a Mother's Day parade shooting that left 19 people wounded and three in critical condition. Two New Orleans brothers were booked with 20 counts each of attempted second-degree murder in Sunday's shooting spree. Mayor Mitch Landrieu, who strongly promotes the city's tourism industry, including the annual Mardi Gras celebration, said the arrests are the latest evidence...
08:00 AM, May 18, 2013
