-The Times of India In a relief to yoga guru Ramdev, the Delhi High Court on Monday ordered de-freezing of 11 Bank Accounts of Patanjali Yogpeeth Nyas, sealed by the Income Tax department after the Trust allegedly failed to pay the first installment of Rs 75 lakh of the total tax of Rs 34.68 crore. "We direct the attachment order (of Bank Accounts) be lifted subject to petitioner (Patanjali Yogpeeth Nyas) paying...
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Rs 34-cr I-T notice to yoga guru Ramdev trusts
-The Hindustan Times Haridwar: The income-tax department has frozen the Bank Accounts of the two trusts run by yoga guru Ramdev and asked the Divya Yog Mandir Trust and Patanjali Yog Mandir Trust to pay up Rs. 34 crore. The trusts, registered as charitable organisations, were enjoying tax exemptions until a few months ago. The benefits have been withdrawn. Divya Pharmacy, run by the mandir trust, manufactured medicines and was earning profit...
More »Aadhaar: LPG subsidy leaves more questions than answers-Nemmani Sreedhar
-The Hindu Authorities have not come clear on the subsidy money and the time required for processing Hyderabad: The ongoing process of linking Aadhaar card and bank account with LPG gas connections is throwing up questions that defy answers. While the authorities point out that the subsidy money will be credited to the customer’s Bank Accounts directly, the question as to how much money will be returned and the time required for...
More »Bank officials, microfinance institutions cornered benefits of farm loan waiver: CAG report -Pradeep Thakur
-The Times of India The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country — involving disbursement of Rs 500 crore — about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs). A comptroller...
More »EPFO puts on hold decision to make Aadhaar must for new accounts
-PTI Retirement fund body has decided to put on hold the decision to make it mandatory for new members joining EPF scheme to provide Aadhaar number as credential for enrolment from March 1, 2013. "In view of discussion with UIDAI official and the time required in the process of obtaining Aadhaar numbers, it may not be possible to obtain Aadhaar number by EPF members by March 1, 2013. Therefore it has been...
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