Declare undisclosed income, assets by Sept 30, it's last chance: Modi

June 26, 2016

New Delhi, Jun 26: Sharing his thoughts with the nation through his 'Mann Ki Baat' radio programme, Prime Minister Narendra Modi on Sunday said the 'Beti Bachao, Beti Padhao' campaign has touched many lives and the results of various examinations show how women are excelling.

modiOn the occasion, PM Modi congratulated the country for having the first batch of women fighter pilots inducted into the Air Force. “On 18th June, first batch of women fighter pilots inducted in Air Force, we feel very proud, I congratulate them and their families,” he said.

“Yesterday in Pune I met college students who made one of the satellites that was launched by ISRO.

“This satellite signifies the skills and aspirations of the youth of India," PM Modi said.

He said that there was a need for more youth to choose science and research as their profession.

"I feel proud to see the contribution of our young students's contribution in the field of science and technology. I want more and more students of the country to ... and choose science and research as their profession," PM Modi said.

“The two satellites built by students and launched by ISRO are very important and special for me. This is a classic example of high ambitions of Indian youth,” he said his 21st edition of the Mann Ki Baat programme.

PM Modi said that the Indian Space Research Organisation (ISRO) had made the country proud.

"The matter of pride in the recent launch of the satellites was that 17 out of the 20 were the satellites of the foreign countries. Isn't this great. Our scientists are working hard to take our country to new heights," the prime minister stated.

“Like our farmers, our scientists too are working hard to take our country to new heights.

“For the last few weeks we have got positive news about rainfall in various parts of the nation.

“Scientists have forecast a good monsoon, I give my best wishes to my farmer brothers,” PM Modi said.

PM Modi also highlighted the success of the International Day of Yoga events across the world.

“Yoga has the power to connect the entire world, if only each one of us connect ourselves with Yoga. The International Yoga Day on June 21 was celebrated at over 1 lakh places in our country with enthusiasm,” he said.

PM Modi also asked people to declare their undisclosed income by September 30, making it clear that this is the last chance to avoid problems that will follow after the window of opportunity closes.

He said no questions would be asked about the source of the undisclosed income or assets if the declaration is made voluntarily by September 30.

"For those having undisclosed income, the government has provided a special chance to declare it by September 30," Modi said.

He said by paying a penalty, those having undisclosed money can free themselves from various kinds of burden.

"I have promised that there will be no inquiry into the source of the undisclosed income and assets if the declaration is made voluntarily. That is why I am saying it is a good chance for becoming a part of transparent system," he said.

"Let me tell the countrymen that this chance is till September 30. Consider this as the last chance," the Prime Minister asserted during the programme.

He said he has told BJP MPs that if anybody faces any problem after September 30 for not abiding by the rules, no help should be provided to them.

"It will be better that you take advantage of the window provided and save yourself from the difficulties that you can face after September 30," he said.

Modi said there was a time when taxation rules were such that people would tend to avoiding paying taxes.

"But gradually, times changed. Now, for a taxpayer, it is not much difficult to abide by the government rules. Still, old habits die hard," he said, adding there are still people who feel that it is better to avoid paying taxes.

"My plea is that by running away from rules, we lose our peace. Any small person can harass us. Why should we let it happen? Why not ourselves give correct information to the government about our income, about our wealth? For once, dispose off the baggage of the past. I appeal to my countrymen to get free from this," he said.

Comments

Suresh
 - 
Sunday, 26 Jun 2016

All our tax money already spend for foriegn tours. Even a signle deal is not happened by these tour. Instead of going on foriegn trip, we should be united and sstrong so that other countries should come to us. So no need to go there and convince them. Our Previous PM is one of the best PM to whom all other country Heads were asking guidence. By performing Yoga people can't live. People need basic things like food and water and shelter.

PK
 - 
Sunday, 26 Jun 2016

Cheddis and baba Ramdev should come forward first to disclose and be an example.... We look forward

Fakumodi
 - 
Sunday, 26 Jun 2016

Get lost. eaten our all tax money. now u want share in oue income also

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April 28,2020

Bengaluru, Apr 28: Providing respite, Karnataka has decided to ‘conditionally’ allow economic activities to restart in green zones.

The green zones of Chamarajanagar, Koppal, Chikkamagaluru, Raichur, Chitradurga, Ramanagara, Hassan, Shivamogga, Haveri, Yadgir, Kolar, Davangere, Udupi and Kodagu will now see shops and industrial activities starting operations, according to an order issued by Chief Secretary TM Vijay Bhaskar on Tuesday.

Lockdown restrictions in the wake of COVID-19 will continue in Bengaluru Urban, Belagavi, Mysuru, Vijayapura, Bagalkot, Kalaburagi, Bidar and Dakshina Kannada. Here, only essential services and supplies will be allowed.

In green zones, all shops that include neighbourhood shops, standalone shops, shops in residential complexes within the limits of municipal corporations and municipalities can open with 50 per cent manpower but with masks and social distancing mandatory.

Shops in residential and marketing complexes are allowed to open in areas located outside municipal limits, the order states.

Multi-brand and single-brand malls will remain shut across Karnataka.

Industries operating in rural areas of these green zones (except Ramanagara) have been allowed to start. Also, manufacturing and other industrial establishments with access control in special economic zones and export-oriented units, industrial estates and industrial townships will be allowed to operate.

“These establishments shall make arrangements for stay of workers within their premises as far as possible and/ or adjacent buildings. The transportation of workers to workplace shall be arranged by the employers in dedicated transport by ensuring social distancing (sic),” Bhaskar said in the order.

This order comes a day after Chief Minister BS Yediyurappa participated in a video conference with Prime Minister Narendra Modi, and with all deputy commissioners.

No decision on relaxing lockdown restrictions has been taken for Ballari, Mandya, Bengaluru Rural, Gadag, Tumakuru, Chikkaballapur, Uttara Kannada and Dharwad. “The decision regarding opening of shops and industries in taluks where there are no active COVID-19 cases will be taken by the concerned district in-charge minister,” Bhaskar said.

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May 28,2020

May 28: The Karnataka State Election Commission on Thursday announced postponement of gram panchayat polls citing the COVID-19 pandemic.

Out of 6,025 gram panchayats, the tenure of 5,800 gram panchayats will end by June-August 2020.

"After examining the feasibility of conducting general elections to gram panchayats, the State Election Commission, considering the current situation as exceptional circumstance, has decided to temporarily postpone the general elections to the gram panchayats," the SEC said in a release.

It said after examining the situation in the days to come, the decision will be taken on holding the general elections to the gram panchayats.

The CEC also states that report by Deputy Commissioners of districts on holding the elections was verified and it has been found that district administrations are involved in COVID-19 related work and there will be shortage of staff and transport facilities for the elections. Besides, there would be a problem in maintaining law and order.

Last week through a letter to Deputy Commissioners of districts, the commission had sought opinion on holding panchayat polls amid the COVID-19 crisis. It had also pointed out that electoral roll needs to be prepared and reservations had to be allocated as per the new amendments.

Stating that the state election commission's decision to postpone gram panchayat elections was against the provisions of the Karnataka Panchayat Raj Act 1993, the Leader of Opposition Siddaramaiah said the Congress will question this "undemocratic act" in the court of law.

He accused the commission of playing to the BJP's tune and said the congress will protest the decision at gram panchayat level.

Opposition parties in the state, especially congress, have been demanding elections.

The government was in favour of postponement of polls and wants to have administrative committees to govern the panchayats, until the polls are held, according to government sources.

The Congress, raising apprehension about administrative committees, has accused the government of conspiring to have ruling BJP workers as its members.

A congress delegation had last week submitted a petition to State Election Commissioner B Basavaraju and urged the Commission to hold elections.

The congress had even suggested continuation of sitting panchayat members until the polls are held, instead of appointing administrative committees.

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April 21,2020

Global oil markets remained under intense pressure on Tuesday, with Brent crude dropping below $20 per barrel for the first time in 18 years while other major benchmarks across the world tumbled. 

Brent, the international crude marker, slipped to $18.10, indicating that markets see no immediate let-up to the collapse in oil demand that sent some US oil benchmarks plunging under $0 for the first time on Monday, leaving producers paying for buyers to take their oil away while available storage is scarce.

Coronavirus has sent the oil sector into a state of crisis, with lockdowns implemented by authorities to smother the outbreak slashing demand for crude by as much as a third.

Contracts for the US benchmark West Texas Intermediate for delivery next month tumbled as low as minus $40 a barrel on Monday. Analysts at Citi warned that “if global storage worsens more quickly, Brent could chase WTI down to the bottom”.

The collapse in the May WTI contract was partly a technical product of the fact that it expires on Tuesday, meaning trading volumes were low and making the contract for June delivery more noteworthy, analysts said. That contract held above $20 a barrel on Monday but slid as much as 42 per cent on Tuesday to trade at lows of $11.79, suggesting the blowout in the May contract was more than a blip and that the entire global oil market faced challenges.

Goldman Sachs analysts said the June contact was likely to face downward pressure in the coming weeks, pointing to the “still unresolved market surplus”.

“As storage becomes saturated, price volatility will remain exceptionally high in coming weeks,” they said. “But with ultimately a finite amount of storage left to fill, production will soon need to fall sizeably to bring the market into balance, finally setting the stage for higher prices once demand gradually recovers.”

Warren Patterson, head of commodities strategy at ING, said it was likely that “storage this time next month will be even more of an issue, given the surplus environment”.

“And so in the absence of a meaningful demand recovery, negative prices could return for June,” he added.

European equities traded lower, partly dragged down by weaker energy stocks. The continent-wide Stoxx 600 was down 1.9 per cent, with its oil and gas sub-index dropping 3.3 per cent. In London the FTSE shed 1.7 per cent, while Frankfurt’s Dax slid 2.3 per cent. 

Equities were also broadly lower in Asia, with futures tipping US stocks to fall 1 per cent when trading in New York begins later.

On Wall Street overnight, the S&P 500 closed down 1.8 per cent, partly because of weakness in energy shares, but also due to increased pessimism over the time it will take for countries to emerge from lockdowns.

In fixed income, the yield on the 10-year US Treasury fell 0.03 percentage points to 0.585 per cent as investors retreated to the safety of the debt.

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