Bengaluru, Dec 14: Ramesh Babu Nayak, who makes his living by plying auto-rickshaw, has won the hearts of many, including police, for his act of honesty.
He has handed over safely a bag containing cash of over ten lakh rupees to its true owner, who had left it in the three-wheeler.
“Auto driver Ramesh Babu Nayak, won the kudos for the state and the country, when he had handed over promptly a cash of Rs 10 lakhs,” said the proud police.
New Delhi, Feb 1: The budget is a little more demanding of the non-resident Indian. Firstly, to be categorized a non-resident, an Indian now has to stay abroad for 240 days, against 182 previously. In other words, an Indian national, to claim the non-resident status, can’t stay in India for 120 days or more in a year.
“We've made changes in Income Tax Act where if an Indian citizen stays out of the country for more than 182 days, he becomes non-resident,” said Revenue Secy Ajay Bhushan Pandey. “Now in order to become non-resident, he has to stay out of the country for 240 days.”
The second rule is more deadly: a non-resident Indian, who is not taxed in the foreign country, will become taxable in India.
“If any Indian citizen is not a resident of any country in the world, he'll be deemed to be a resident of India and his worldwide income will be taxed,” said Pandey.
"It's a very big disadvantage for Indians residing overseas only to save on tax," said Dinesh Kanabar of Dhruva Advisors. He expects that many Indians stay abroad in countries, where the income tax is low or nil such as Dubai. Now they will be taxed in India if they are in the income tax bracket.
For Indians, finance minister Nirmala Sitharaman revised income tax rats and proposed new tax slabs.
The new income tax rates will, however, not allow exemptions under Section 80C. Home loan exemption, insurance exemptions, the standard deduction will also not stay under the regime.
"The new tax regime will be optional and the taxpayers will be given the choice to either remain in the old regime with exemptions and deductions or opt for the new reduced tax rate without those exemptions," Sitharaman said while unveiling Budget.
Good news NRIs vote for modi .
Mangaluru , Mar 30: Dakshina Kannada Superintendent of Police Laxmi Prasad on Monday suspended a constable attached to Subramanya Police Station for manhandling the chief priest of Kukke Subramanya Temple on Saturday.
According to the police, when the priest Srinivas Bhat was on his way to the temple to offer Puja, Prasad, a police constable intercepted him and enquired where he was going during the lockdown period and then charged at him with lathi on his hand and back.
The priest, then immediately filed a complaint at local police station, following which a complaint was also brought to the notice of Deputy SP of Puttur Sub-division.Please lo
Bengaluru, May 29: Seven out of ten (72 per cent) workers in Karnataka reported having lost their employment during the COVID-19-induced lockdown, according to findings of a survey by Azim Premji University, in collaboration with ten civil society organisations.
The university said in a statement it conducted "a detailed" phone survey of 5,000 workers across 12 states in the country, to gauge the impact of the COVID-19 lockdown on employment, livelihoods, and access to government relief schemes.
The survey covered self-employed, casual, and regular wage and salaried workers and it released the findings for Karnataka on Thursday.
Seventy-six per cent of urban workers and 66 per cent of rural workers lost their employment, the survey findings said.
For non-agricultural self-employed workers and wage workers, who were still employed, average weekly earnings fell by two-third.
More than four in ten salaried workers (44 per cent) saw either a reduction in their salary or received no salary during the lockdown.
Six out of ten households reported that they did not have enough money to buy even a weeks worth of essential items, according to the survey.
Eight out ten households reported a reduction in food intake, while less than three in ten vulnerable households (27 per cent) in urban Karnataka received any form of cash transfer from the government, it said.
In summary, the disruption in the Karnatakas economy and labour markets is enormous. Livelihoods have been devastated at unprecedented levels during the lockdown.
The recovery from this could be slow and very painful, the statement said.
As a response to the findings of this survey, the team which has conducted the survey suggested a universalisation of the PDS to expand its reach and implementation of expanded rations for at least the next six months.
It suggested cash transfers equal to at least Rs.7000 per month for two months, and proactive steps like expansion of MGNREGA, introduction of urban employment guarantee, and investment in universal basic services, among others.
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Salutes to Ramesh Babu Nayak for his nobility. He should be honoured for his sincereness. Everyone should take lesson from him. Well done Ramesh. May God bless you with happiness throughout your life and you be an example to others.
All i can say is India is funny country, while a doctor has been raped and burnt the other side unbelievably has something quite contrary but beautiful!
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