Dinosaurs' foot-prints found in Jaisalmer

January 14, 2014

DinosaursJaisalmer, Jan 14: A team of foreign and Indian scientists have spotted the foot-prints of Dinosaurs at Thaiat village in Jaisalmer district, the sources said.

A team of 34 foreign scientists from a number of countries including France and Germany are camping here to study fossils of Dinosaurs found in sandy desert areas here recently.

Dinosaurs' evolution, extinction, and paleo-bio-genography is the center of their research related to fossils, they added.

Yesterday, the team led by Dr Jan Schlogl of Slovakia observed the footprints in one of the basal rocks of Thaiat scarp section and Professor Gregory Pienkowski of Poland identified the footprints as those of Pterosaurs or the flying dinosaur.

"The first footprint was small, only 5 cm long, but perfectly imprinted on the upper surface of a sandstone bed. Its shape and name is clear--it is called Grallator, a specific name given to the footprint, left by a small predatory dinosaur. The footprint maker was not bigger than an hen", according to the sources.

However, the second foot print was much bigger--about 30 cms long. Such tridactyl footprint (three toes) is named Eurontes giganteus and it must have been left by a much bigger creature, the sources added.

Dr P K Pandey of the Geology department at University of Rajasthan had already recorded Petrosaurs bore fragments during the previous years.

Near the Thaiat village on the Jaisalmer-Jodhpur highway there is an outcrop of Jurassic rocks. Careful geological observation by the team allowed them to interpret ancient environments in which these rocks (once soft sediments) were deposited, according to Dr Pandey.

It could be imagined that a vast coastal zone of which the Jurassic sea would be encroached some 180 million years ago, he added.

These scientists have come here on the sidelines of 9th International Congress on The Jurassic System, held between January 6- 9th, organised by Department of Geology, University of Rajasthan, Jaipur.

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Agencies
March 14,2020

New Delhi, Mar 14: Excise duty on petrol and diesel was on Saturday hiked by ₹3 per litre as the government looked to mop up gains arising from fall in international oil prices.

Special excise duty on petrol was hiked by ₹2 to ₹8 per litre incase of petrol and to Rs 4 incase of diesel, an official notification said.

Additionally, road cess on petrol was raised by ₹1 per litre each on petrol and diesel to ₹10.

The increase in excise duty would in normal course result in a hike in petrol and diesel prices but most of it would be adjusted against the fall in rates that would have necessitated because of slump in international oil prices.

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Agencies
July 13,2020

New Delhi, Jul 13: The Income Tax Department has facilitated a new functionality for banks and post offices to ascertain TDS applicability rates on cash withdrawal of above Rs 20 lakh in case of a non-filer of the income-tax return and that of above Rs 1 crore in case of a filer of the income-tax return.

In a statement, the Central Board of Direct Taxes (CBDT) said that now banks and post offices have to only enter the PAN of the person who is withdrawing cash for ascertaining the applicable rate of TDS.

So far, more than 53,000 verification requests have been executed successfully on this facility, a statement by the CBDT said.

"CBDT today said that this functionality available as 'Verification of applicability u/s 194N' on www.incometaxindiaefiling.gov.in since 1st July 2020, is also made available to the Banks through web-services so that the entire process can be automated and be linked to the Bank's internal core banking solution," it said.

On entering PAN by the bank or the post office, a message will be instantly displayed on the departmental utility: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 1 crore", in case the person withdrawing cash is a filer of the income-tax return.

In case the person withdrawing cash is a non-filer of income tax return, the message shown would be: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 20 lakh and at the rate of 5 per cent if it exceeds Rs 1 crore."

The CBDT said that the data on cash withdrawal indicated that huge amount of cash is withdrawn by the persons who have never filed income-tax returns.

To ensure filing of return by these persons and to keep track on cash withdrawals by the non-filers, and to curb black money, the Finance Act, 2020 with effect from July 1, 2020 further amended IT Act to lower threshold of cash withdrawal to Rs 20 lakh for the applicability of this TDS for the non-filers and also mandated TDS at the higher rate of 5 per cent on cash withdrawal exceeding Rs 1 crore by the non-filers.

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Agencies
June 12,2020

Mumbai, Jun 12: Following an overwhelming response for the mega rights issue of Mukesh Ambani-owned Reliance Industries, the partly paid-up rights shares are set to debut on stock exchanges on June 15.

The biggest ever Rs 53,124 crore rights issue was subscribed 1.59 times and received bids worth Rs 84,000 crore on June 3.

Reliance said the rights issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign.

In 2019, Ambani said in the Reliance's annual general meeting that the company will be net zero debt by March 2021. The company is on course to achieve its target ahead of the deadline.

"In spite of the COVID-19 crisis and the lockdowns, the due-diligence by Saudi Aramco for the planned investment in the O2C business is on track as both the parties are committed and actively engaged," he said recently.

"With a strong visibility to these equity infusions, Reliance is set to achieve net zero debt status ahead of its own aggressive timeline. We believe rights issue was a part of the company's strategy of deleveraging its balance sheet," said Ambani. 

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