India News

The Chhattisgarh Government has announced that it will implement Value Added Tax (VAT) from April 1, 2006. 
 
Finance Minister Amar Agrawal announced this in Assembly while introducing the Budget. For the first time a revenue surplus Budget was placed in the State.
 

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Hundreds of vehicles were stranded on Sunday along the 300-km Srinagar-Jammu National Highway after it was closed due to landslides triggered by torrential rains across the Kashmir Valley and snowfall in the higher reaches.

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Indian Coach Greg Chappell is backing the selection process that will pit a youthful squad against an experienced England side in the first Test of their three-match series starting in Nagpur on Wednesday.
 
"I think the selection committee has made a decision along the lines of what we have seen with the one-day side," he said.
 

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Twenty-eight imported luxury cars, belonging to business house Jaypee, have been seized by the Directorate of Revenue Intelligence on charges of tax evasion amounting to crores of rupees, said DRI sources.
 
DRI officials seized the cars, mostly Toyota, from the Jaypee Greens Golf Course and Club of Jaypee group in Greater Noida on Saturday evening after the business house failed to pay Rs 2.5 crore as import duty, the sources said. When contacted, Jaypee group Managing Director Manoj Gaur said that the import of the cars was fully in accordance with the law and fulfilled the eligibility criteria.

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Dutt's new date ---- On Sunday night, Sanjay Dutt will land from South Africa. On Wednesday, he has to land up with 85 other accused in the 1993 bomb blast case before a TADA court here. Earlier, on a plea made by Dutt, the court allowed him to go abroad on a professional assignment but asked him to appear on March 1.

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Being in news for political or commercial reasons or for its association with country's cricket team, Sahara may have emerged as the biggest Indian Brand with its Chairman Subrata Roy claiming the brand value at 10.5 billion dollars or about Rs 48,000 crore.
 
Earlier last month, corporate giant Tatas had claimed the brand of their group companies and products was valued at Rs 24,396 crore, saying possibly they were "head and shoulders above anybody".
 

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Ashes hero Andrew Flintoff is in line to lead England in the first Test against India if skipper Michael Vaughan and his deputy Marcus Trescothick are unable to play in the game starting on Wednesday in Nagpur. 
 
With Trescothick, who deputised for the injured Vaughan in the warm-up match in Vadodara, flying home for "personal reasons" and Vaughan nursing a sore knee, Flintoff may go out for the toss with Rahul Dravid in Nagpur, a report in The Sunday Observer said.
 

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Harsha Kumari Singh

Monday, February 27, 2006: (Jodhpur):

Bollywood actor Salman Khan will appear before a sessions judge in Jodhpur to hear charges against him in the black buck poaching case.

Actors Salman Khan, Saif Ali Khan, Neelam, Sonali Bendre and Tabu have been charged with the killing of two black bucks in October 1998 near Kankani, a Bishnoi village near Jodhpour, during the shooting of Hum Saath Saath Hain.

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Monday, February 27, 2006 (Ahmedabad):

Four years ago on this day, 58 people were burnt alive in the Sabarmati Express - an incident that sparked off riots in Gujarat.

Overnight, children were rendered orphans and were forced to abandon their childhood and assume responsibilities for their loved ones.

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Two suspected Lashkar-e-Taiba terrorists were arrested from New Delhi Railway Station and RDX recovered from their possession ahead of Wednesday's India visit by US President George W Bush.

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Mr.Greg Chappell you need not worry anymore because your wish has been answered! It's raining fast bowlers in India. The latest is Gujarat born pacer Munaf Patel.
 
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NEW DELHI: The intense public pressure to secure justice for Jessica Lal is paying off. Immediately after sidelining the investigating officer in the murder case, inspector Surender Sharma, the Delhi Police have initiated a quiet inquiry to unravel the role of policemen who allegedly botched up the investigation deliberately, thus facilitating the acquittal of the accused.

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NEW DELHI: The Lok Sabha was plunged into turmoil on Monday with BJP attacking Prime Minister Manmohan Singh for his references to "self-rule" and "autonomy" for Jammu and Kashmir and Congress members, joined by PDP's Mehbooba Mufti, hitting back.

Raising the issue during Question Hour, BJP Deputy Leader Vijay Kumar Malhotra asserted that Jammu and Kashmir remained an integral part of the country and both Houses of Parliament had unanimously passed a resolution to this effect.

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1:50 pm : Buying interest was conspicuous in IT scrips on Monday.

Infosys jumped 2.56% to Rs 2,827.00, Satyam Computer rose 2.21% to Rs 785.40, TCS gained 1.03% to Rs 1,685.00 and Wipro was trading 0.53% up at Rs 519.10.

I-Flex Solutions, Moser Baer and Patni Computer were also trading with robust gains, while Mphasis BFL was the only scrip on the BSE IT index trading in the red.

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NEW DELHI: Following is a snapshot of expectations of industry associations from India's federal budget, which will be presented to parliament on Tuesday.
Automobiles
All categories of vehicles should attract the same rate of excise duty at 16 per cent.
Remove an 8 per cent special excise duty on passenger cars, multi-utility vehicles and petrol driven vehicles for transport of goods.

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NEW DELHI: The finance ministry said indirect tax collections are likely to cross Rs 2,00,000 crore this fiscal, well above the target of Rs 1,92,215 crore.

Excise tax collection is likely to touch Rs 1,15,000 crore, while customs duty collections is expected to be Rs 64,000 crore and services tax will hopefully touch Rs 23,000 crore this fiscal, Central Board of Excise and Customs, chairman, M Jayaraman said in his address at an award function here.

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NEW DELHI: Cautioning that the economy's rosy outlook was not devoid of risks of inflation, hardening interest rate and fiscal deficit, the pre-budget Economic Survey on Monday prescribed hastening tax and labour reforms and measures to remove infrastructure bottlenecks to sustain high growth.

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CHANDIGARH: The passengers travelling in the Sadbhavan Express were harassed after the train that left the city on Saturday evening got stranded at Moradabad for more than eight hours after some coaches of the duplicate Howrah-Amritsar Express derailed near Nagina railway station.

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Kolkata: Union Power Minister Sushilkumar Shinde said on Sunday that the UPA Government had worked out a scheme to provide free power connections to families living below the poverty line (BPL).

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A 106 year-old who has become the figure head of a campaign to get the elderly to use computers says she is knackered after the extensive media campaign.

Indian great-grandmother Rosakutty attracted the attention of government spinners when she signed up for the Akshaya Project, which is designed to get people e-literate.

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Maurya Sheraton Hotel and Towers in New Delhi, where US President George W Bush will be staying during his visit to India, has denied reports that there are special arrangements and special menu for the President.
  
A source in the premium luxury hotel told Sify.com that the hotel would have to make no special arrangements for the high profile visit of the US President.

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HCL Technologies and US-based Cisco Systems are planning a unique royalty model.

According to a release issued by HCL Tech to the BSE today, Cisco has licensed the intellectual property (IP) rights for one of its network management products to the company . "The company would be completely responsible for the engineering of the product," the release added.

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