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Rs 6,000 crore and counting: Windfall from tax on stashed cash after note ban -Dhananjay Mahapatra

-The Times of India NEW DELHI: Vice-chairman of the special investigation team (SIT) on black money, Justice Arijit Pasayat, said on Friday that after demonetisation, the Centre has collected around Rs 6,000 crore as tax on unexplained cash deposits so far, and the amount could go up. Tax authorities sought explanation from individuals, who deposited substantial amount of cash after demonetisation of Rs 500 and Rs 1,000 notes, either in their own...

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Tamil Nadu scales down foodgrains target

-The Times of India CHENNAI: Failure of monsoon and farmers' distress have forced the state government to scale down the target for foodgrains production for the next financial year to 100 lakh tonnes, a 32% fall from the initial target set for the current financial year. Announcing this while presenting the budget, finance minister D Jayakumar said a slew of measures was being taken to overcome the water shortage. Considering that...

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Opposition criticises govt over 'agrarian crisis'

-PTI NEW DELHI: Opposition today came down hard on the government for the "agrarian crisis" and demanded waiver of loans of farmers across the country and not only of those from Uttar Pradesh as promised by Prime Minister Narendra Modi during campaigning. During a debate on Demand for Grants for the Agriculture Ministry in the Lok Sabha, members from opposition parties said over 12,000 farmers had committed suicide last year and asked...

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'Train accidents killed two every 3 days in last 8 years' -Chethan Kumar

-The Times of India BENGALURU: Investigations into 1,018 'consequential' train accidents in the past eight years —which took 1,940 lives at the rate of 2 deaths every 3 days — revealed that only 4.7% of them were caused by sabotage. A whopping 44% were caused due to failure of railway staff. Nearly 3,200 people suffered injuries in these accidents. That only 48 of these accidents (4.7%) were the result of sabotage puts the...

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Delhi high court wants CAG to audit forest department, civic bodies

-The Times of India NEW DELHI: The Delhi high court on Thursday decided to rope in the Comptroller and Auditor General (CAG) to audit city's forest department and other civic agencies to find out how much money was generated by them from the permission granted to cut trees. A bench of Justices Badar Durrez Ahmed and Ashutosh Kumar asked the national auditor to examine the accounts as it wants to know how...

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