National Archives - Page 1482 of 1593

LIC staff to hold one-hour strike on Feb 4 against IPO move

February 1, 2020 - by IANS

Kolkata/Chennai: Life Insurance Corporation of India employees will hold a nationwide one-hour strike on February 4 in protest against Union Finance Minister Nirmala Sitharaman’s budget proposal to sell a part of …

National / News Update

Madhya Pradesh CM Kamal Nath trashes Budget 2020

February 1, 2020 - by IANS

Bhopal: Reactions to Saturdays Union Budget were on expected lines in Bhopal with Madhya Pradesh Chief Minister Kamal Nath terming it “disappointing” and “a labyrinth of data” with the Union Finance …

National / News Update

Growth oriented budget, says TN Chief Minister Palaniswami

February 1, 2020 - by IANS

Chennai: Tamil Nadu Chief Minister K.Palaniswami termed the Union Budget for 2020-21 presented by Finance Minister Nirmala Sitharaman on Saturday as “growth- oriented”. In a statement issued here Palaniswami said the …

National / News Update

Government to launch new schemes to support export sector

February 1, 2020 - by IANS

New Delhi: To support and promote exports, the Centre on Saturday proposed to launch new schemes in FY 2020-21. Finance Minister Nirmala Sitharaman, in her budget speech, said that the Centre …

India can be major agro products exporter with effective policy

National / News Update

Budget again cheats farmers: Maharashtra farm panel head

February 1, 2020 - by IANS

Nagpur: The Union Budget 2020-2021 has once again cheated the farming community and the 16-point plan to tackle the Indian agrarian crisis is “an eyewash” as Finance Minister Nirmala Sitharaman has …

New Delhi, Feb 1 (IANS) Solicitor General Tushar Mehta on Saturday informed the Delhi High Court that the four death row convicts in the Nirbhaya gang rape and murder case "can be hanged separately". Mehta while arguing before Justice Suresh Kumar Kait said, "Once a person is aware that his fate is death penalty, any delay in execution is dehumanising. They should be executed immediately. Mukesh has no reason to wait for his execution. Pawan has chosen to not file curative or mercy plea." "They are not only abusing the process of law, they are creating circumstances that will water down the guidelines," Mehta added. The court asked whether all of them would be executed together or one by one. Responding to the same, Mehta said they would be executed one by one. "The execution should be one by one. The rule only says if application of one is pending then execution of all has to be postponed.. but what does 'application' mean? It means an application pending before a court. A mercy plea is not an application," Mehta submitted. Mehta also submitted that the trial court ignored the rule 834 of Prison Rules while passing Friday's order. "All these accused are ironically urging the court to understand the value of a human life forgetting that the victim also had a life. The lordships are aware of what happened. This is one case that has shaken the conscience of the society," he added. A Delhi court had on Friday stayed for an indefinite period, the death warrants issued against the four death row convicts - Akshay, Pawan, Mukesh and Vinay. Additional Sessions Judge Darmendra Rana in his order said, "Without commenting upon the dilatory tactics adopted by the convicts, suffice it would be to state that seeking redressal of one's grievances through procedure established by law was the hallmark of any civilised society. The courts of this country cannot afford to adversely discriminate any convict, including death row convicts in pursuit of his legal remedies, by turning a Nelson's eye towards him." The 23-year-old victim was brutally gangraped and tortured on December 16, 2012, which later led to her death. All the six accused were arrested and charged with sexual assault and murder. One of the accused was a minor and appeared before a juvenile justice court, while another accused committed suicide in Tihar Jail. Four of the convicts were sentenced to death by a trial court in September 2013, and the verdict was confirmed by the Delhi High Court in March 2014 and upheld by the Supreme Court in May 2017 which also dismissed their review petition in July 2018.

National / Special

Convicts can be hanged separately: S-G to HC in Nirbhaya case

February 1, 2020February 1, 2020 - by IANS

New Delhi: Solicitor General Tushar Mehta on Saturday informed the Delhi High Court that the four death row convicts in the Nirbhaya gang rape and murder case “can be hanged separately”. …

National / News Update

Union Budget pro-farmer: Sukhbir Badal

February 1, 2020 - by IANS

Chandigarh: Hailing the Union Budget as pro-farmer and pro-poor, Shiromani Akali Dal (SAD) President Sukhbir Singh Badal on Saturday said that the common man would benefit due to reduced income tax …

National / News Update

Gaganyaan will facilitate space tourism: Ex-ISRO chief

February 1, 2020 - by IANS

Thiruvananthapuram: Gaganyaan, the country’s planned mission to take humans to space, will open huge commercial opportunities in the space sector, said former ISRO chairman G. Madhavan Nair. Nair while speaking at …

New Delhi, Feb 1 (IANS) In a bid to increase demand in the realty market, Union Finance Minister Nirmala Sitharaman on Saturday announced a proposal to extend additional deductions of up to Rs 1.5 lakh for the interest paid on loans for purchase of affordable houses, up to March 2021. The deductions so far were allowed on housing loans sanctioned on or before March 31, 2020. "For realisation of the goal of 'housing for all' and affordable housing, in the last budget I had announced an additional deduction of up to Rs 1.50 lakh for interest paid on loans taken for the purchase of an affordable house. In order to ensure that more persons avail of this benefit and to further incentivise the affordable housing, I propose to extend the date of loan sanction for availing this additional deduction by one more year," Sitharaman said. Further, in order to boost the supply of affordable houses in the country, the Budget proposed a tax holiday on profits earned by developers of affordable housing projects approved by March 31, 2020. She also announced concession to real estate transactions. Currently, while taxing income from capital gains, business profits and other sources in respect of transactions in real estate, if the consideration value is less than the circle rate by more than 5 per cent, the difference is counted as income both in the hands of the purchaser and seller. "In order to minimise hardships in real estate transactions and provide relief to the sector, I propose to increase the limit of 5 per cent to 10 per cent," the Minister said. These announcements were, however, not adequate to raise the sentiment in the realty market. Niranjan Hiranandani, President, National Real Estate Development Council (NAREDCO) said: "Marathon Budget 2020 has set the tone in a positive direction but failed to announce the much-awaited economic stimulus to kick-off the 5 trillion dollars economy. It subsequently has incremental allocation inadequacies with overemphasis on fiscal prudence and inflation target." "The labour-intensive real estate sector -- which had pegged hope on additional liquidity infusion, tax reforms and rental housing -- was overlooked in the Budget. Any fiscal measure in the sluggish real estate sector could have provided a fillip. Wherein, tax benefits extended to both home buyers and developers in affordable housing sector will encourage more launches in this segment," Hiranandani said. Rahul Grover, CEO of SECCPL, however, said that the Budget revealed the government's intentions towards bettering the infrastructure. "The real estate sector can expect an array of opportunities to explore different projects, both residential and commercial, and the tax benefits being offered on the affordable housing initiatives are a positive indication of the year to follow," he added.

National / News Update

Tax deduction on affordable housing loans extended by one year

February 1, 2020 - by IANS

New Delhi: In a bid to increase demand in the realty market, Union Finance Minister Nirmala Sitharaman on Saturday announced a proposal to extend additional deductions of up to Rs 1.5 …

National / News Update

Man beheads wife in UP, arrested

February 1, 2020 - by IANS

Barabanki: A man in UP beheaded his wife and reached the police station holding the head, causing shock and panic among residents, the police said on Saturday. Superintendent of Police Arvind …