Debt-ridden farmer killed self, says BJP

BHUBANESWAR: The BJP and a farmers' organisation on Tuesday alleged a vegetable farmer in Chikarada village under Ganjam district's Rangeilunda block committed suicide four days ago as he could not get sufficient returns from his harvest to repay his loans.

T Bulu Reddy, 40, had cultivated tomato on two acres in the village by availing loan of about Rs 2 lakh from different people. He committed suicide by consuming pesticide on March 10, the BJP said. Due to a crash in tomato price, he was unable to get sufficient returns. Moreover, he has an ailing 12-year-old son suffering from diabetes and heart problem.International bulk sms service

He is undergoing treatment at MKCG medical college and hospital here. Reeling under the loan burden, he committed suicide, said Bibhuti Jena, BJP's state secretary. "Inquiry revealed he was not a farmer. He might have committed suicide due to frustration over his son's ailments," said collector (Ganjam) Prem Chand Chaudhary.

Source:-TOI

Water supply contractors strike work

KORAPUT: Contractors working with the Rural Water Supply and Sanitation (RWSS) in Koraput district have announced an idefinite strike on Tuesday, alleging departmental harassment and delayed payment of bills.

Over 50 contractors gathered under the banner of 'Maa Jagat Janani Contractors Association' and sat on strike at the department's sub-divisional office at Jeypore and submitted a memorandum to the district administration, listing their demands.International bulk sms service

"The sub-divisional officer of Jeypore is deliberately harassing the contractors and misbehaving with them. The officer concerned never goes to the fields even after repeated requests, nor does he prepare bills. Lakhs of rupees of severa; contractors have been pending for the past several months and the officer remains uncooperative," alleged Mukesh Biswal, president of the association.

Source:-TOI

Thank you Donald Trump!

Mr Trump has done Indian IT a major support. I trust his emphasis on movement changes and arranged limitations on H-1B visas in the US is a help in mask for Indian IT as a result of four reasons.

Initially, change impacts everybody similarly, however some react to it by dawdling while others jump forward. I trust this is an incredible open door, in the same class as the retreat in 2008, for savvy and deft associations to build piece of the overall industry by being a piece of the "arrangement" instead of being at the focal point of the "issue". Champs this time around will be the individuals who grasp the change, contract locally and proactively report the quantity of nearby occupations they would make. Bulk whatsapp sms service provider

Besides, there is a colossal open door for Indian IT to make neighborhood pools of ability over the US as they have done in India. Consolidated with advances in manmade brainpower, I trust that after some time these US based neighborhood focuses can convey administrations at comparable expenses to the ones conveyed from India. It would be a race of who can arrive first.

Source:-TOI

It's a boy: Trump spills beans on grandchild-to-be's gender

WASHINGTON: President Donald Trump let the cat out of the bag on the sex of his next grandchild before the guardians were prepared.

Trump's child Eric and his better half Lara are expecting their first kid in September.

In a meeting disclosed on Tuesday on Fox News' "Fox and Friends," Eric said his dad was so amped up for the news that he announced to a room brimming with individuals in front of a discourse in Nashville, Tennessee, this month "It's a kid! I can hardly wait!"

Lara, who was presenting the president at the rally, says she told the president, "We haven't told anyone!" The couple later reported the pregnancy on Twitter. Bulk whatsapp sms service provider

Eric and Lara said they wouldn't fret the unapproved revelation since they know he was quite recently energized for another grandchild.

Source:-TOI

सेबी ने रिलायंस इंडस्ट्रीज को एफएंडओ ट्रेडिंग करने से बैन किया

नई दिल्ली:  स्टॉक मार्केट रेगुलेटर ने सेबी ने रिलायंस इंडस्ट्रीज और 12 दूसरी कंपनियों पर शेयरों में एफएंडओ (डेरिवेटिव) कारोबार करने पर 1 साल की रोक लगा दी है. भारतीय प्रतिभूति एवं विनिमय बोर्ड (सेबी) ने इसके साथ ही मुकेश अंबानी के नेतृत्व वाली कंपनी रिलायंस इंडस्ट्रीज को करीब 1000 करोड़ रुपये का पेनल्टी पेमेंट करने का भी आदेश दिया है. ये बैन कथित तौर पर धोखाधड़ीपूर्ण कारोबार करने के 10 साल पुराने एक मामले में लगाया गया है.

क्या हैं आरोप?
सेबी ने रिलायंस पेट्रोलियम के शेयरों में इनसाइडर ट्रेडिंग के आरोपों के आधार पर ये बैन लगाया है. सेबी ने आदेश में कहा कि आरपीएल के शेयरों में कैश मार्केट में पहले भारी बिक्री से मांग बढ़ाई गई और बाद में एफएंडओ मार्केट में हेजिंग के जरिए उन शेयरों को खरीद लिया गया. इससे आम निवेशकों को सीधा नुकसान हुआ और कंपनी के कुछ लोगों ने गलत तरीके से पैसा बनाया.

रिलायंस इंडस्ट्रीज आगे क्या करेगी?
हालांकि, रिलायंस इंडस्ट्रीज के प्रवक्ता ने कहा है कि वह सेबी के इस आदेश को चुनौती देंगे. कंपनी ने प्रेस रिलीज जारी कर कहा है कि सेबी ने बिना पूरे तथ्यों की जांच किए हुए कंपनी के ऊपर गलत प्रतिबंध लगा दिए हैं. कंपनी अपनी कानूनी सलाहकारों से सलाह कर रही है और इन बैन के खिलाफ सिक्योरिटीज अपैलेट ट्रिब्यूनल (सैट) में अपील की जाएगी. कंपनी को अपने ट्रांजेक्शन्स और उनके कानूनी तौर पर सही साबित होने पर पूरा भरोसा है. रिलायंस पेट्रोलियम के जिन शेयरों के ट्रांजेक्शन पर सवाल उठाए गए हैं वो पूरी तरह कंपनी और शेयरधारकों के हित में रहे थे.

Source:-Abpnews
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नोटबंदी इफेक्टः क्रेडिट कार्ड की जगह डेबिट कार्ड का इस्तेमाल बढ़ा !

नई दिल्लीः नोटबंदी के बाद जहां देश में कैशलेस ट्रांजेक्शन में बड़ा इजाफा हुआ वहीं एक और बड़ा बदलाव देखने को मिला कि क्रेडिट कार्ड की बजाए लोगों ने डेबिट कार्ड का इस्तेमाल बढ़ा दिया. जहां नोटबंदी से पहले डेबिट कार्डों के इस्तेमाल का 42 फीसदी हुआ करता था वहीं 8 नवंबर 2016 के बाद नोटबंदी लागू होने के बाद डेबिट कार्ड के इस्तेमाल में 60 फीसदी से ज्यादा तेजी आई.

यानी कुल मिलाकर देश में क्रेडिट कार्डों के इस्तेमाल पर डेबिट कार्डों को तरजीह देते नजर आए. खासकर डेबिट कार्ड ने एक तरह से क्रेडिट कार्ड को रिप्लेस करने का काम किया है. हालांकि ये ट्रेंड छोटे शहरों में ज्यादा देखा जा रहा है.

छोटे शहरों में दिखा बड़ा बदलाव

ये बदलाव खास तौर पर छोटे सरकारी उधार देने वाले बैंकों जैसे ओरिएंटल बैंक ऑफ कॉमर्स, पंजाब एंड सिंध बैंक में देखने को मिला. ऐसी जगह पर कार्डों के इस्तेमाल 5 गुना बढ़ गया. दिसंबर में अक्टूबर के मुकाबले डेबिट कार्ड के इस्तेमाल में 3 गुना इजाफा देखने को मिला था. हालांकि जनवरी में ट्रांजेक्शन में गिरावट आई और पिछले साल अक्टूबर के मुकाबले ये कम हुआ. वहीं पेमेंट कंपनियों ने जानकारी दी कि लोग ज्यादातर पेट्रोल बिल पेमेंट और ट्रैवल बुकिंग के लिए डेबिट कार्डों का ही इस्तेमाल कर रहे हैं.

अक्टूबर 2016 में सरकारी बैंकों में 61.7 करोड़ रुपये के डेबिट कार्ड के जरिए 10,893 करोड़ रुपये के ट्रांजेक्शन हुए जो अक्टूबर तक जारी किए जा चुके थे. इसके उलट निजी और विदेशी बैंकों में 11,048 करोड़ रुपये के ट्रांजेक्शन देखे जबकि ये ट्रांजेक्शन सिर्फ 12.25 करोड़ डेबिट कार्ड के जरिए हुए थे. इस स्थिति में नोटबंदी के बाद बड़ा बदलाव देखने को मिला.

इस साल जनवरी में सरकारी बैंकों के डेबिट कार्ड धारकों के जरिए 29,339 करोड़ रुपये के ट्रांजेक्शन हुए जबकि निजी बैंकों के डेबिट कार्ड होल्डर्स के 19,664 करोड़ रुपये के ट्रांजेक्शन हुए हैं. वहीं नोटबंदी से पहले हर 100 डेबिट कार्ड में से सिर्फ 19 ट्रांजेक्शन एक महीने में हुआ करते थे. इसमें नोटबंदी के बाद बड़ा उछाल देखा गया और ये दिसंबर में बढ़कर 54 ट्रांजेक्शन हो गया था पर जनवरी 2017 में थोड़ गिरकर 40 ट्रांजेक्शन एक महीने में हो गया.

और बढ़ेगा डेबिट कार्ड का इस्तेमाल !

बैंकरों ने इस बात की जानकारी दी है कि अगर सभी डेबिट कार्ड धारक औसतन 1 महीने में अपने कार्ड का इस्तेमाल करें तो भी डेबिट कार्डों का प्रयोग का आंकड़ा 80 फीसदी से ऊपर चला जाएगा. छोटे शहरों के सरकारी बैंकों को डेबिट कार्ड के इस्तेमाल में तेजी आने की उम्मीद है. एनपीसीआई (नेशनल पेमेंट्स कॉर्पोर्शन ऑफ इंडिया) के मुताबिक मेट्रो शहरों में क्रेडिट कार्ड का इस्तेमाल ज्यादा होता है. ऐसा वो रिवॉर्ड पॉइंट्स के लिए करते हैं. लेकिन छोटे शहरों में ग्राहकों के पास सिर्फ डेबिट कार्ड का विकल्प है.

Source:-Abpnews
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जीएसटी जुलाई से लागू होने की उम्मीद, सरल होगा टैक्स सिस्टमः वित्त मंत्री

नई दिल्लीः केंद्रीय वित्त मंत्री अरुण जेटली ने वस्तु एवं सेवा कर (जीएसटी) इस साल पहली जुलाई से लागू होने की उम्मीद जताई है. आज उन्होंनें कहा कि इससे देश की ‘जटिल’ अप्रत्यक्ष कर प्रणाली को सरल बनाने में मदद मिलेगी. जेटली ने यहां भारत के नियंत्रण एवं महालेखा परीक्षक-(सीएजी) की ओर से आयोजित राष्ट्रमंडल देशों के महापरीक्षकों के 23वें सम्मेलन में उम्मीद जताई कि संसद के मौजूदा बजट सत्र में इससे संबंधित विधेयक पारित हो जाएंगे.

उन्होंने कहा, “जीएसटी भारत में सबसे बड़ा सुधार है. उम्मीद है कि यह एक जुलाई से लागू हो जाएगा. उम्मीद है कि इससे संबंधित विधेयकों को संसद से मंजूरी मिल जाएगी.” इससे संबंधित विधेयक संसद के समक्ष हैं. साल के मध्य तक हमें जीएसटी लागू होने की उम्मीद है.” वित्त मंत्री ने हालांकि इस पर निराशा जताई कि जहां सार्वजनिक निवेश और एफडीआई बहुत अधिक है, वहीं निजी क्षेत्र में निवेश अब भी बहुत पीछे है.

वित्त मंत्री ने जीएसटी से इन फायदों की बात की

केंद्रीय वित्त मंत्री ने कहा, “जीएसटी के तहत टैक्स चोरी मुश्किल होगी और भारतीय अर्थव्यवस्था का विस्तार होगा.”“यहां सुधार का विरोध न के बराबर है. देश में विदेशी प्रत्यक्ष निवेश (एफडीआई) में सुधार महत्वपूर्ण है और हम दुनिया की सर्वाधिक खुली अर्थव्यवस्थाओं में से हैं.”जेटली ने यह भी कहा कि भारत एक खुली अर्थव्यवस्था है और यहां करीब 90 फीसदी निवेश स्वत: होते हैं.उन्होंने कहा, देश की इनडायरेक्ट टैक्सेशन प्रणाली इस वक्त दुनिया की सबसे जटिल टैक्स व्यवस्था है, लेकिन जीएसटी लागू होने के बाद इसका सरलीकरण होगा.उन्होंने कहा, “हमारी अप्रत्यक्ष कराधान प्रणाली जटिल है. यह इस वक्त दुनिया में सबसे अधिक जटिल कर व्यवस्था है. लेकिन जीएसटी लागू हो जाने के बाद हमारी कराधान प्रणाली सुगम व सरल हो जाएगी.

Source:-Abpnews
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UK targets WhatsApp encryption after London attack

The British government has said that its security services must have access to encrypted messaging applications such as WhatsApp, as it revealed that the service was used by the man behind the parliament attack.

Khalid Masood, the 52-year-old Briton who killed four people in a rampage in Westminster on Wednesday before being shot dead, reportedly used the Facebook-owned service moments before the assault.

Home Secretary Amber Rudd told Sky News it was “completely unacceptable” that police and security services had not been able to crack the heavily encrypted service.

“You can’t have a situation where you have terrorists talking to each other -- where this terrorist sent a WhatsApp message -- and it can’t be accessed,” she said.View more:-Bulk Sms Service provider

Police said Saturday that they still did not know why Masood, a Muslim convert with a violent criminal past, carried out the attack and that he probably acted alone, despite a claim of responsibility by the Islamic State group.

Source:-Hindustantimes

Slaughterhouse crackdown in UP: Uttarakhand’s leopards too on a chicken diet

Poor Ruby is on a forced diet of poultry — kinda chicken feed for a grown-up girl who needs at least 6kg of protein-and fat-rich meat, either buffalo or goat, to keep her fit and agile.

The eight-year-old Ruby and six fellow leopards at Uttarakhand’s Chidiyapur animal rescue centre, on the outskirts of holy town Haridwar, are off their favourite diet after the crackdown on illegal slaughterhouses in neighbouring Uttar Pradesh.

And, a shoestring budget doesn’t allow the forest department to buy goat meat or mutton — more expensive than buffalo meat and poultry fowls, for the full-grown leopards in an age bracket of seven and nine years.

Even if officials dig deep into their pockets, it’s impossible to buy mutton locally in Haridwar, a strictly vegetarian town bereft of slaughterhouses or butcher shops because of its holy status.View more:-Bulk Sms Service provider

Hence, the less-nutritious alternative for the leopards — some of which were declared man-eaters before they were caught and brought to the rehab.

Source:-Hindustantimes

Job loss fear looms over UP’s biggest slaughterhouse where Hindus outnumber Muslims

Vishwanathan Pillai has never before felt so insecure about his job at an abattoir. His anxiety comes in the wake of on-going action that has been described by the Yogi Adityanath-led government in Uttar Pradesh as a crackdown on illegal slaughterhouses.

Pillai, 40, who works as production head at Frigerio Conserva Allana Limited -- one of the country’s biggest, and legal, slaughterhouse-cum-meat processing units – said the factory has seen 50% reduction in buffalo stock due to the crackdown and fears the “worst is yet to come”.

“The traders have stopped transporting animals from local mandis for us because they fear they would be attacked on the way. Farmers do not want to sell their spent animals because the rates have come down. I do not know who will give us jobs if they close our plant too,” said Pillai.View more:-Bulk Sms Service provider

A father of two children who live with his wife back home, Pillai draws a salary of Rs 30,000 a month.

Source:-Hindustantimes

Big fish use loopholes to escape law, admits Bihar judge

District and sessions judge of Muzaffarpur brought forth the limitations of law in bringing to book the real kingpin who were into smuggling contraband, when he said it were only the small fries who got caught . 

“The big sharks get away all the time due to loopholes in the law,” said district and sessions judge, Muzaffarpur, Harendra Nath Tiwari while addressing a gathering at a legal awareness programme on drug trafficking, organised by the district legal service authority on Saturday.

Police seldom catch any big fish of drug racket. Only small peddlers are caught. They never disclose name of their patrons. So, we fail to sentence kingpins.- HN Tiwari District & sessions judge, Muzaffarpur
“Security personnel and anti-drug enforcing authorities fail to arrest the kingpin of drug racket. Only small peddlers are caught. These peddlers never disclose the name of their patrons. So, we fail to sentence kingpins. These petty peddlers get short-term punishment and once they are out of prison, they resume their activities,” he said.

The district judge said the small-time peddlers were paid well and their families taken care of even during the period of their incarceration. “Kingpins of such rackets take care of financial needs of small-time peddlers and their families, when they are caught and put behind bars. So, these peddlers never disclose the name of the kingpin,” said Tiwari.

“The judiciary does its job honestly, but taking advantage of loopholes in the law, the kingpins get away.”

Tiwari urged commoners to come forward and help curb the social menace. “This social evil can only be eradicated when commoners play their role positively in identifying drug addicts and peddlers. Even investigating officials should do their job honestly in catching kingpins and not be consumed by their effort to nab the small fries,” he said.View more:-Bulk Sms Service provider

Additional district judge Ved Prakash Singh, officials from the anti-narcotics department and many from the bar were also present on the occasion.

Source:-Hindustantimes

Yogi Adityanath asks officials to enforce ban on cow smuggling, shut illegal slaughterhouses in UP

Uttar Pradesh chief minister Yogi Adityanath ordered officials on Wednesday to enforce a ban on the smuggling of cows in the state.

Adityanath also directed police officials to prepare an action plan for the closure of illegal abattoirs, news agency PTI reported.

The 44-year-old Adityanath is the head priest of Gorakhpur’s influential Gorakhnath shrine. Also, he is a five-term parliamentarian from Gorakhpur and considered a hardline Hindutva leader.

After his swearing-in as the Uttar Pradesh CM, police launched a crackdown on slaughterhouses.

The action was in line with the ruling Bharatiya Janata Party’s pre-poll promise to shut down illegal slaughterhouses in the state. The party secured a landslide victory in the February-March assembly elections.View more:-Bulk Sms Service provider

Beef and the slaughter of cattle are illegal Uttar Pradesh -- like in most states across the country.

Source:-Hindustantimes

BJP To Introduce 'Gujarat Model' For Dairy Development In UP

LUCKNOW:  The BJP government in Uttar Pradesh is planning to implement an "improvised version" of 'Gujarat model' for dairy development in the state. Stating this, Cabinet Minister for Dairy Development Laxmi Narayan Chaudhary said that cooperatives will be strengthened and steps will taken "to put a blanket ban on all the merchanised slaughter houses."

He also alleged that schemes like Kaamdhenu Yojana initiated by Akhilesh Yadav government for dairy development were misused.

Pointing to the crackdown on illegal abattoirs by the new government, he claimed, "There has been a decrease in the count of milch cattle especially due to operations of the illegal slaughter houses and abattoirs. Chief Minister Yogi Aditynath has already started acting against the illegal abattoirs."

The government believes that dairy development would give a boost to the income of farmers, most of whom are solely dependent on agriculture for livelihood.

Speaking to PTI, Mr Chaudhary said, "Gujarat has been at the forefront of dairy development. It witnessed the White Revolution and Operation Flood.

"We would attempt to implement an improvised version of the Gujarat model of dairy development in UP. Our effort would be to directly link farmers' prosperity with dairy industry," Mr Chaudhary said.

Source:-NDTV
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Pentagon Enjoying Greater Freedom Under US President Donald Trump

The Pentagon under US President Donald Trump is enjoying greater freedom to run its wars the way it wants - and not constantly seek White House approval on important decisions. Many in the military appreciate this increased autonomy, but critics charge it is raising civilian death rates, puts the lives of US troops at greater risk and leads to a lack of oversight of America's conflicts.

Nowhere has the shift been more visible than in the fight against the ISIS group in northern Syria, where under Barack Obama even minor tweaks to US plans underwent exhaustive White House scrutiny.

Since Trump's inauguration, the Marine Corps has brought an artillery battery into Syria, and the Army has flowed in hundreds of Rangers, bringing the total number of US forces there to almost 1,000.

Commanders are weighing the possibility of deploying hundreds more, and the Pentagon this week announced it had provided artillery support and choppered local forces behind enemy lines in a bid to seize a strategic dam.

The greater leeway marks a departure for the National Security Council (NSC), which coordinates foreign and military policy and implements the president's national security agenda.

Under Obama, the NSC oversaw just about every aspect of America's wars in Iraq, Syria and Afghanistan, with then Pentagon chief Ash Carter was kept on a short leash.

Trump, conversely, has repeatedly deferred to his defense secretary, Jim Mattis, on military moves.

Mattis, a retired general, has delegated expanded authorities to his battlefield commanders.

"Jim Mattis has been given the latitude to conduct military operations in the way he sees best," Pentagon spokesman Chris Sherwood said.

Source:-NDTV
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3rd Test: Tom Latham Shines In New Zealand Gloom Against South Africa

A rejuvenated Tom Latham ensured a positive start to New Zealand's reply after Quinton de Kock bolstered South Africa with a defiant 90 on another wet day in the third Test in Hamilton. When bad light ended play four overs early on Sunday, New Zealand were 67 without loss in reply to South Africa's 314. Latham, who managed 24 in total in three previous innings in the series, was unbeaten on 42 after coming out on the right side of two reviews, with Jeet Raval on 25. With New Zealand needing to win to square the series, it proved a successful day for Latham who had a standout performance in the field highlighted by an instinctive catch at short leg to remove Faf du Plessis.

But de Kock proved a much tougher obstacle on a frustrating day for the players when only 26 balls were possible between lunch and tea after rain also cost nearly three hours of play the previous day.

Just as his 91 in the first innings in Wellington set up South Africa up for an eight-wicket victory, de Kock again tormented New Zealand with his trouble-free approach.

Smart fielding

When he went to the middle with the fall of Temba Bavuma's wicket, South Africa were 148 for five and he held the innings together while the bottom half of the batting order added a further 166.

De Kock's 90 came off only 118 balls, highlighting why captain Faf du Plessis was determined to have him play despite the wicketkeeper-batsman suffering ligament damage to his right index finger.

He hit 11 fours and two huge sixes, one off New Zealand's best performed bowler Matt Henry and one off Jeetan Patel, as he dominated the off-spinner who had claimed his wicket cheaply in the drawn first Test.

Source:-NDTV
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High School Rape In US Fuels Trump-Era Debate On Immigration

WASHINGTON:  A rape at a Washington area high school has drawn intense scrutiny as part of the immigration debate launched under US President Donald Trump, since the two alleged attackers are Latinos who entered the United States illegally. The attack feeds perfectly into the Trump narrative that the United States has porous borders and does not give priority to native-born Americans, and that unauthorised immigrants mean more and more violent crime.

Jose Montano, 17, and Henry Sanchez Milian, 18, are accused of brutally raping a 14-year-old classmate in a bathroom during school hours. They have been arrested and are in custody as they wait to go before a judge.

The rape took place last week at a public high school in Rockville, Maryland, a Washington suburb in Montgomery County, which is strongly pro-Democratic.

Seventy-six per cent of the county's voters went with Hillary Clinton in the November election.

News reports say Sanchez Milian was born in Guatemala and in August 2016 crossed the Rio Grande separating Mexico from the United States, as do many Latinos seeking to escape poverty and find a better life in the United States. He was picked up by border control agents.

A few days later, he was let go to join his father, who was living in Maryland while the youth waited to appear before an immigration judge.

That hearing has not even been scheduled yet, because of a huge backlog in the courts: half a million cases involving unauthorised immigrants waiting to see if they can stay or will be deported.

An estimated 11 million people live in the country illegally.

Source:-NDTV
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Foreign Bank and Financial Account Report filing for Indian Americans: 10 things to keep in mind

As the US cracks down on foreign bank and financial accounts, it only means one thing for Indian Americans - more reporting! If you thought you were done with this year's reporting when you filed your tax returns in April, you probably forgot about the FBAR - Foreign Bank and Financial Account Report.

The FBAR is a report to be filed in addition to your tax return. For 2011, you must file the FBAR if you were a US resident or citizen and had, at any time in 2011, an aggregate balance of more than $10,000 in all your overseas bank and financial accounts. The due date for the 2011 FBAR is June 30th 2012.

We have already covered, in this earlier article , the basics of FBAR filing, such as eligibility, account limits etc.

In today's article, we look at 10 key points about the FBAR, including some important practical interpretations of the law.

FBAR is different from your tax return
The FBAR is filed in addition to your income tax return. The FBAR must be filed in Form TD F 90-22.1 even if you have already filed Form 8938, 'Statement of Specified Foreign Financial Assets' along with the tax return.

The historical roots of the FBAR are found in the Bank Secrecy Act of 1970 and the intention then was only to collect information on foreign bank accounts. Only recently the US Treasury handed over administration of the FBAR to the IRS which in turn started linking the FBAR to the tax return to check tax evasion.

While Form 8938 and the FBAR require more or less the similar kinds of details, there are some differences in thresholds and type of assets. You can get a complete comparison here .


Source:-Timsofindia
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The Light of India Awards- 2012 brings influential global Indians together

NEW YORK: More than 300 selected people from cross section of communities like business, finance, and entertainment converged at the 2nd annual 'The Light of India Awards', an initiative conceptualised by Remit2India and presented by The Amrapali Group. The award ceremony, held on June 1 at the Taj Pierre Hotel, is a platform to honor the excellence and exemplary achievements of Indians living abroad. Winners were announced in the categories of business, corporate leadership, education, science & technology, arts & entertainment and literature.

"Remit2India The Light of India Awards is our humble initiative to acknowledge the contributions of the global Indian community in making India the emerging superpower," says Avijit Nanda, president of TimesofMoney. "These leading lights have lit the global skyline with their beams of brilliance."

"It is great to see so many leading luminaries excel and build the profile of India globally," says Dr. Anil Kumar Sharma, chairman of The Amrapali Group, the title sponsor for the event. Sharma says, "The Amrapali Group is glad to be associated with these leading lights and hopes to work together in further enhancing the global image of India and its people."

Remit2India, the pioneer in online money transfers, is the chosen destination for thousands of NRIs across the globe. Part of the esteemed Times Group, Remit2India has over the years created a mark for itself both with customers as well as the industry. Having won a host of awards over the years and also adjudged the world's no.1 independent online money transfer portal for NRIs by AC Nielsen, Remit2India has also won 'The Standard of Excellence- Web Awards 2010' from the Web Marketing Association. With its pioneering technology and unmatched reach, Remit2India now allows NRIs across 24 countries, to conveniently and safely send money to any bank and any location in India. Remit2India has also been the pioneer in customer innovations having started features like direct debits, SMS alerts, transaction insurance, 24x7 supports etc.

Source:-Timsofindia
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Dharun Ravi could walk free from New Jersey jail next week

EW YORK: Former Rutgers University student Dharun Ravi, who was sentenced to a month in jail after being convicted of using his webcam to spy on his gay roommate, is set to be released from a New Jersey jail next week after completing 20 days of his 30-day term.

India-born Ravi, 20, received five days' credit for good behavior and an additional five for working while in jail, enabling him to shave off 10 days from his sentence, which he had begun in Middlesex County Jail on May 31.
He could be released next Tuesday. Ravi was convicted in March this year on 15 counts of bias intimidation and invasion of privacy charges for spying on the sexual encounter of his roommate Tyler Clementi with another man in September 2010.

Days later, Clementi had committed suicide by jumping off the George Washington bridge near here.
The Middlesex County Prosecutor's Office planned to appeal the jail term imposed by of the New Brunswick Superior Court Judge Glenn Berman, saying the sentence was too lenient.
While Ravi had faced a maximum sentence of 10 years in prison, the prosecutors had wanted a jail term of at least five years.

Ravi had agreed to begin serving his jail term early instead of waiting for an appeals court to first rule on the prosecution's demand for a longer jail term.

Explaining his lenient sentence, Berman had said he did not believe Ravi should be incarcerated in a state prison with murderers and rapists.

Before beginning his sentence, Ravi had for the first time late last month publicly apologised for his "immature and insensitive". Ravi said he regretted his "stupid and childish" choices when he set up a webcam to spy on Clementi but said he did not act out of hatred.

Source:-Timsofindia
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SISF forces to be deployed at Maoist-hit project site

RANCHI: The newly raised State Industrial Security Force (SISF) will be deployed at the Central Coalfields Limited (CCL)'s Amrapaali coal project area in Tandwa block of Chatra district after it came under attack by suspected CPI (Maoist) operatives late on Wednesday night.

DIG (Hazaribag range) Bheemsen Tuti, Chatra SP Anjani Jha and deputy commissioner Sandeep Singh on Thursday inspected the camp site of BGR, a sub-leased company responsible for coal extraction at the project.

A group of at least 20 members of the outfit began their attack on the company camp site at approximately 10pm and triggered an explosion at the company office. Three members of BGR's staff were hurt in the explosion and are presently undergoing treatment.

The explosion alarmed the Indian Reserve Batallion personnel deployed near the camp and they opened fire on the rebels. The rebels were attempting to burn the vehicles at the site when they came under attacked. The rebels were forced to leave the site after the gunfight.

Chatra SP Anjani Jha said, "The contractor for the site, Raghuram Reddy, was not available for questioning because of which it is not possible for us to determine the reason for the attack. A poster left at the site claims that the attack was conducted by CPI (Maoist) and that CCL must halt the Amrapaali project."

Source:-Timsofindia
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Populist budget in offing, BCs set to gain most

HYDERABAD: The TRS state government is all set to present a populist budget on Monday. Targeting the backward classes, who form 52 per cent of the population, finance minister Etala Rajender will present a Rs 1.46 lakh crore budget proposals to the Assembly. Deputy chief minister Kadiam Srihari will present the budget in the Legislative Council.

For the first time, the budget will have no sector-wise allocations. In the wake of cancellation of plan and non-plan categorization, the budget will make allocations to new projects and ongoing works under the `development' category. At the same time, salaries, pensions, establishment charges will be presented under the `expenditure' category.

The finance minister will announce a series of schemes aimed at benefiting weavers, shepherds and fishermen.Traditional handloom weavers will get financial assistance for shifting to power looms. Similarly, Yadava community will get sheep at 75 per cent subsidy. The fishermen community will get Rs 2 lakh financial assistance to buy nets, vehicles and boats to transport fish.

Several other schemes aimed at luring the BC communities to the TRS party are to be announced in the budget. A corporation is to be set up for the most backward castes for which the finance minister will announce Rs 1000 crore funds. Increased funds for social security pensions will also be announced and the total amount for pensions is slated to cross Rs 4,725 crore.About 3.75 lakh beedi workers are to get special pensions in the budget.

The government is also scheduled to announce a road map to regularize more than 4 lakh contract workers, doctors, lecturers and paramedical staff in the budget. The budget will also provide additional funds for 2 lakh doublebedroom houses to be built during 2017-18 across the state.The allocation to this scheme is to be doubled in the budget.

Source:-Timsofindia
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88 youth join militancy in Kashmir in 2016: Govt

NEW DELHI: In what could be a serious concern for the government and security agencies, as many as 88 youth have joined different militant outfits this year, most of them in post-Burhan killing phase in Kashmir.

Over 100 local youths have gone missing from different parts of Kashmir. Out of these 100 missing youths, 88 have joined different militant outfits in Kashmir, the government informed the Lok Sabha on Tuesday.

"In 2016 maximum number of youth joined militant ranks since 2010," Government said, adding, "66 in 2015, 53 in 2014, 16 in 2013 and 21 in 2012 have joined outfits."

According to the Police records, from south Kashmir districts of Anantnag, Kulgam, Shopian and Pulwama, 32 youth have joined different militant outfits. The records suggest that from the central and north Kashmir 23 are missing, among them 13 have joined militancy.

The data compiled by police reveals that 32 youth have gone missing in south Kashmir districts of Anantnag, Kulgam, Shopian, Pulwama and the sub district of Awantipora. "Whereas 22 youth are missing from north Kashmir comprising of Baramulla, Bandipora, Kupwara and sub districts of Sopore and Handwara," reveals the data.

It adds that out of these 32 missing youth, 10 youth hailing from Kulgam district and nine from neighboring Shopian have joined militant ranks. The assessment further reveals that six youth from Pulwama and three from its police district Awantipora have joined militant ranks. Pertinently, these are the areas, which have remained embroiled with street protests and violent clashes ever since the killing of militant commander Burhan Wani.

Source:-Timsofindia
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Let There Be a Murder Case, Ranted Shiv Sena MP Ravindra Gaikwad While Assaulting AI Staffer

New Delhi: It wasn't just a slap with a sandal as Shiv Sena MP Ravindra Gaikwad bragged, but apparently a full-fledged assault on the Air India staffer on Flight AI 852.

An 80-second video of the incident which has emerged on social media shows Gaikwad assaulting Air India staffer Shivkumar even as crew members are heard pleading with him to stop.

Also Read: Yes, He Tore My Shirt and Broke My Glasses: AI Staffer on Sena MP
"Let it be, there are already many cases against me," he snaps back when a stewardess warns him that he would end up being charged with murder as the assault would kill the 60-year old staffer.

The first part of the video purportedly shows him trying to push the AI staffer down from the plane which was parked on tarmac even as a voice is heard screaming, " No, no sir. don't do that sir, don't do that."

After he was restrained a stewardess tries to appeal to his better sense: "You are our representative, sir, you have worked hard to reach this place. We have elected you. Why are you doing like this." Gaikwad obviously was in no mood to calm down.

The victim Sukumar has accused the MP of assaulting him and breaking his glasses and an FIR has been filed in the case. The MP himself has publicly bragged about hitting him with a sandal.

This is not the first time the Sena MP from Osmanabad had been accused of getting on the wrong side of law. My Neta, the portal which provides criminal and financial background information on candidates, lists nearly a dozen charges, from culpable homicide to rioting to criminal intimidation that have been filed against him.

While the Shiv Sena has distanced itself from the act and ruling ally BJP has condemned it, Opposition leaders have demanded that he should be removed from Parliament.

"Parliament should raise the issue. Beating up a person does not fall under parliamentary privileges," said Congress leader Manish Tewari.

Source:-Firstpost
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Indian Woman, 7-Year-Old Son Found Dead in New Jersey

Vijayawada: An Indian woman and her seven-year-old son were found dead in their home in New Jersey, according to the family in Andhra Pradesh.

The victims were N. Sasikala (40) and her son Anish Sai, their family, in Prakasam district, said on Friday.
Sasikala's husband N Hanumantha Rao found the bodies when he returned home from work on Thursday evening.

Y Sambasiva Rao, a member of Andhra Pradesh state legislative assembly from Prakasam district, spoke to representatives of Telugu Association of North America (TANA) over phone about the incident. He said the mother and her son were strangulated to death.

Hanumantha Rao and Sasikala both were software professionals. Sasikala used to work from home. The couple had been living in the US for the last nine years.This is the latest in a series of incidents involving Indian techies.

Telangana's aeronautical engineer Srinivas Kuchibhotla, 32, was killed when Adam W. Purinton, who earlier served in the US Navy, shot him in Olathe, Kansas, on February 23.

Source:-Firstpost
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UP CM Yogi Adityanath: Reveal income, asset details within 15 days

Lucknow: Sending a strong message against corruption on day one, Uttar Pradesh Chief Minister Yogi Adityanath on Sunday asked all his ministers to provide details of their income, moveable and immoveable assets within 15 days.

He gave this direction to his ministers at the introductory meeting soon after assuming office. "As uprooting corruption is the main agenda of our party, the CM in his first meeting with his ministers directed them to give details of their income, moveable and immoveable properties within 15 days to the (party) organisation as well as the secretary (to CM)," cabinet minister Srikant Sharma said.

He added that the chief minister also emphasised on "coordination" between government and the BJP organisation. It was also decided to train new legislators and devise ways as to how they can remain connected with the electorate. On portfolios, Sharma said that no decision has been taken in this regard as of now and the chief minister will decide it later.

Earlier Adityanath told mediapersons that his government will follow 'sabka saath sabka vikas' agenda and claimed that the previous governments were corruption-ridden because of which the state had suffered. "In past 15 years, UP lagged behind in the race of development as previous governments indulged in corruption, nepotism and failed on the law and order front due to which
people were affected," he said.


Source:-Firstpost
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