IT raids at Jaya TV office, AIADMK leader TTV Dhinakaran's house

News Network
November 9, 2017

Chennai, Nov 9: A team of income tax officials on Wednesday morning began raids at Jaya TV office in Chennai, former Tamil Nadu chief minister J Jayalalithaa's Kodand estate and several premises belonging to the family members of jailed AIADMK leader V K Sasikala and her supporters.

I-T officials were searching the residence of Sasikala's husband M Natarajan in Thanjavur.

The residence of sidelined AIADMK leader TTV Dhinakaran at Mannai Nagar in Mannargudi, Sasikala's brother Dhivakaran's house at Sundara Kottai and the premises of their supporters were also being searched. A total of 80 places were being searched, I-T officials said.

It all began with around 10 officials of the income tax investigation department entering the office of Jaya TV at Ekkatthuthangal in Chennai around 6am. They also searched the office of AIADMK mouthpiece "Dr Namadhu MGR" situated on the same building.

I-T officials were searching the residence of Sasikala's nephew Vivek Jayaraman, who controls Jaya TV, and Jazz Cinemas owned by her family members.

Income tax officials told TOI that the searches were being conducted based on information of concealment of income and evasion of tax. "We have confirmed information about concealment of income and tax evasion. We have been monitoring the activities of the TV channel as well as its senior officials and others," said a senior I-T official.

Though started by former Tamil Nadu chief minister J Jayalalithaa, Jaya TV, has been controlled by Sasikala's family members, led by her nephew Vivek. The channel has been highly critical of the functioning of the AIADMK government after the unification of the factions led by chief minister Edappadi K Palaniswami and former chief minister O Panneerselvam in August.

The searches come at a time when the AIADMK symbol case is pending with the Election Commission. The Sasikala camp is a stumbling block for the EC to defreeze the symbol.

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News Network
May 14,2020

London, May 14: Fugitive liquor baron Vijay Mallya on Thursday urged the Central government to accept his offer to repay 100 per cent of his loan dues and close the case against him.

While congratulating the Centre for introducing Rs 20 lakh crore relief package to boost the economy amid the coronavirus lockdown, Mallya, lamented that his repeated attempts to pay back his dues have been ignored by the Indian government.

"Congratulations to the Government for a Covid 19 relief package. They can print as much currency as they want BUT should a small contributor like me who offers 100% payback of State-owned Bank loans be constantly ignored? Please take my money unconditionally and close," he tweeted.

Earlier this month, Mallya had sought permission to appeal against a ruling ordering his extradition to India in Britain's highest court the UK Supreme Court.

The application comes two weeks after the High Court in London - the UK's second-highest court - dismissed Mallya's appeal against a lower court ruling that he be sent to India to face charges of defrauding a consortium of Indian banks of more than Rs 9,000 crores relating to the collapse of Kingfisher Airlines in 2012.

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News Network
June 20,2020

New Delhi, Jun 20: Diesel price on Saturday hit a record high after rates were hiked by 61 paise per litre while petrol price was up 51 paise, taking the cumulative increase in rates in two weeks to Rs 8.28 and Rs 7.62 respectively.

Petrol price in Delhi was hiked to Rs 78.88 per litre from Rs 78.37, while diesel rates were increased to Rs 77.67 a litre from Rs 77.06, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

The 14th daily increase in rates since oil companies on June 7 restarted revising prices in line with costs after ending an 82-day hiatus in rate revision, has taken diesel prices to new high. Petrol price too is at a two-year high.

Prior to the current rally, diesel rate had touched a peak of Rs 75.69 per litre in Delhi on October 16, 2018.

The highest-ever petrol price was on October 4, 2018, when rates soared to Rs 84 a litre in Delhi.

When rates had peaked in October 2018, the government had cut excise duty on petrol and diesel by Rs 1.50 per litre each. State-owned oil companies were asked to absorb another Re 1 a litre to help cut retail rates by Rs 2.50 a litre.

Oil companies had quickly recouped the Re 1 and the government in July 2019 raised excise duty by Rs 2 a litre.

The 82-day freeze in rates this year was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.

The government on March 14 hiked excise duty on petrol and diesel by Rs 3 per litre each and then again on May 5 by a record Rs 10 per litre in case of petrol and Rs 13 on diesel. The two hikes gave the government Rs 2 lakh crore in additional tax revenues.

Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), instead of passing on the excise duty hikes to customers, adjusted them against the fall in retail rates that was warranted because of a decline in international oil prices to two-decade lows.

International oil prices have since rebounded and oil firms are now adjusting retail rates in line with them.

In 14 hikes, petrol price has gone up by Rs 7.62 per litre and diesel by Rs 8.28 a litre.

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News Network
March 23,2020

New Delhi, Mar 23: The total number of COVID-19 cases in the country rose to 390 on Monday after 30 fresh cases were reported.

The figure includes 41 foreign nationals and the seven deaths reported so far.

Gujarat, Bihar and Maharahstra reported a death each on Sunday, while four fatalities were reported earlier from Karnataka, Delhi, Maharashtra and Punjab, the Union Health Ministry said.

The total number of active COVID-19 cases across the country now stands at 359, while 24 people have been cured/discharged/migrated.

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