US returns 200 artifacts worth USD100 million to India

June 7, 2016

Washington, Jun 7: The US today returned to India over 200 stolen cultural artifacts, some dating back 2,000 years, estimated at USD 100 million, with Prime Minister Narendra Modi describing the cultural heritage as a great binding force in bilateral relationships.

US"Usually relationship between the countries of the world are very often covered by the present. It is present that plays a big role, but sometimes heritage becomes important in the relations of two countries. Sometimes what cannot be done by living persons is done by idols," the Prime Minister said at a ceremony held at the Blair House for the return of stolen artifacts to India.

Speaking in Hindi, the Prime Minister said that in the last two years various countries have endeavoured to return India's stolen cultural heritage.

"Both governments and law enforcement agencies of these countries now have become more alert on trafficking of cultural artifacts and are not only working to prevent it but also to send it back to the place of its origin," the Prime Minister said.

"I am grateful to the United States and President (Barack) Obama for returning these treasures to India which join us to our past," he said.

"For some, these artifacts may be measured in monetary terms and could be in millions for them, but for the people of India, it is a part of our culture and heritage that joins us to our past, that joins us to our values," the Prime Minister said in his brief remarks.

Modi said many tourists don't want to see only modern sites, but also they want to see the rich history a place offers.

People are attracted to India for its ancient civilisation, he said.

Referring to the Indus Valley civilisation, he said tourists are now flocking to India to see towns dating back 5,000 years.

"There treasures are to be enjoyed by the entire world. Technology can help us catch those indulging in illicit trafficking," the Prime Minister said.

Indian Ambassador to the US Arun K Singh said on Monday 12 artifacts have been returned and process has begun for the transfer of rest of the treasured artifacts.

Items returned included religious statues, bronzes and terra-cotta pieces, some dating back 2,000 years, looted from some of India's most treasured religious sites.

Among the pieces returned is a statue of Saint Manikkavichavakar, a Hindu mystic and poet from the Chola period (circa 850 AD to 1250 AD) stolen from the Sivan Temple in Chennai, which is valued at USD 1.5 million. Also included in the collection is a bronze sculpture of the Hindu god Ganesh estimated to be 1,000-year-old.

The artifacts that speak about India's astounding history and beautiful culture are beginning their journey home, said US Attorney General Loretta E Lynch.

"It is my hope – and the hope of the American people – that this repatriation will serve as a sign of our great respect for India's culture; our deep admiration for its people; and our sincere appreciation for the ties between our nations," she said.

"Protecting the cultural heritage of our global community is important work and we are committed to identifying and returning these priceless items to their countries of origin and rightful owners," said Secretary of Homeland Security Jeh Johnson said in a statement.

Johnson was not present at the repatriation ceremony.

"It's the responsibility of law enforcement worldwide to ensure criminal smuggling organisations do not profit from the theft of these culturally and historically valuable items," he said.

The majority of the pieces repatriated in the ceremony were seized during Operation Hidden Idol, an investigation that began in 2007 after Homeland Security Investigations (HSI) special agents received a tip about a shipment of seven crates destined for the US manifested as "marble garden table sets."

Examination of the shipment in question revealed numerous antiquities.

This shipment was imported by Subhash Kapoor, owner of Art of the Past Gallery.

HSI's Operation Hidden Idol focused on the activities of former New York-based art dealer Kapoor, currently in custody in India awaiting trial for allegedly looting tens of millions of dollars' worth of rare antiquities from several nations, a statement said.

Artifacts were also found in the Honolulu Museum and Peabody Essex, who promptly partnered with HSI to surrender illicit cultural property stemming from Kapoor.

HSI special agents have executed a series of search warrants targeting Kapoor's New York City gallery, along with warehouses and storage facilities linked to the dealer.

Additionally, five individuals have been arrested in the US for their role in the scheme, a statement said.

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Agencies
June 10,2020

US dictionary Merriam-Webster will update the meaning of the word "racism" after being contacted by a Missouri black woman, who claimed the current definition fell short of including the systematic oppression of people of colour, according to media reports.

"A revision to the entry for racism is now being drafted to be added to the dictionary soon, and we are also planning to revise the entries of other words that are related to racism or have racial connotations," according to a statement of the 189-year-old dictionary shared by Kennedy Mitchum, a recent graduate of Drake University in Iowa, on her Facebook.

Mitchum, 22, emailed the dictionary last month, following the death of African American George Floyd in the custody of four Minneapolis police officers, Xinhua news agency reported.

"I kept having to tell them that definition is not representative of what is actually happening in the world," Mitchum told CNN. "The way that racism occurs in real life is not just prejudice, it's the systemic racism that is happening for a lot of black Americans."

Merriam-Webster's first definition of racism is "a belief that race is the primary determinant of human traits and capacities and that racial differences produce an inherent superiority of a particular race."

"It's not just disliking someone because of their race," Mitchum wrote in a Facebook post on Friday. "This current fight we are in is evidence of that, lives are at stake because of the systems of oppression that go hand-in-hand with racism."

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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
February 26,2020

New Delhi, Feb 26: With the government pushing for the disinvestment of Air India, industrial conglomerate Adani Group may emerge as one of the bidders for the debt-laden national carrier, sources said.

According to highly placed sources, the Group has held internal rounds of deliberations on whether or not to submit an Expression of Interest (EoI) and the discussions are still in the preliminary stage.

If the company actually submits an EoI, it would be a major move towards further diversification of the company which has business interests across sectors right from edible oil, food to mining and minerals. 

It also entered into airport operations and maintenance business and won bids for privatisation of six airports, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram and Mangaluru in 2019. 

On being contacted by IANS, the company did not comment on the matter.

Air India is one of the most important divestment proposals for the current fiscal to reach the huge Rs 2.1 lakh crore target.

The government in January restarted the divestment process of the airline and invited bids for selling 100 per cent of its equity in the state-owned airline, including Air India's 100 per cent shareholding in AI Express Ltd. and 50 per cent in Air India SATS Airport Services Private Ltd.

After its unsuccessful bid to sell Air India in 2018, the government this time has decided to offload its entire stake. In 2018, it had offered to sell its 76 per cent stake in the airline.

Of the total debt of Rs 60,074 crore as of March 31, 2019, the buyer would be required to absorb Rs 23,286 crore.

Air India, along with its subsidiary Air India Express, has a total operational fleet of 146 aeroplanes.

Further, the disinvestment department has extended the last date for submission of written queries on the Performance Information Memorandum and Share Purchase Agreement to March 6.

The last date for submission of written queries on PIM and SPA was originally set for February 11, following which the Department of Investment and Public Asset Management (DIPAM) on February 21 issued 20 clarifications on the queries raised and expected.

Any delay in the tentatively rolled out timeline would also delay DIPAM's plan to identify the pre-qualified bidders by March 31 and the financial bids invitation as well. It is expected to take more than two months after the selection of the pre-qualified bidders to complete Air India's sale.

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