-Business Standard Say old Rs 500 and Rs 1,000 notes coming back to banking channels in much higher proportion than expected New Delhi: Burdened by the deluge of suspected black money cases after demonetisation of high denomination currency, two staff associations of income tax (I-T) department have in a recent letter to Prime Minister Narendra Modi said they are reaching the breaking point. "Personnel and infrastructure are severely short," the Income Tax Employees...

-The Hindu Report tabled in Parliament says Reliance gained Rs. 5,245 crore from the exemption. The Comptroller and Auditor-General (CAG) has castigated the Income-Tax Department for extending tax exemption amounting to hundreds of crores to several companies by inappropriately extending benefits available for infrastructure projects. In a report tabled in Parliament on Tuesday, the CAG said the biggest beneficiary was Reliance Industries Ltd. (RIL). “We noticed in eight cases in two States that the...

-TheWire.in The spectacle of ‘fixing’ India’s illegal economy is not only harming common citizens but also turning small investors away from financial markets. Depending on who is talking, the demonetisation of higher value currency notes by Prime Minister Narendra Modi’s government has either been described by commentators as a ‘bold move’, ‘landmark policy’, ‘game-changer’ and even a ‘political masterstroke’ or has been labelled the single most high-risk political gamble undertaken since the...

-The Hindu Even safety measures and educational qualification of their teaching staff will have to be disclosed Bengaluru: Schools affiliated with the Central Board of Secondary Education (CBSE) will now have to disclose key details including fees, infrastructure, safety measures and educational qualification of their teaching staff. This information has to be uploaded on both, the school as well as the CBSE board’s websites. In a circular issued by the Deputy Secretary Affiliation,...

-The Times of India NEW DELHI: Having largely failed to nudge schools towards greater transparency by publicly disclosing their fee — for people to judge if it was commensurate with the facilities provided — the Central Board of Secondary Education (CBSE) is acting tough. It has now made it mandatory for all schools across the country to make public information about their functioning under 130 heads. School managements are protesting against what...