CENTRALIZED PROCESSING CENTER
Income tax return processing status: How much time it takes for tax department to process ITR
Processing of ITR: The income tax return (ITR) filing deadline for for the financial year 2023-24 (assessment year 2023-24) is July 31, 2024. It's crucial to file the ITR by the specified deadline to avoid penalties and late fees. Additionally, it's important to ensure that the Income Tax Department promptly processes the filed ITR.
NEET 2024 Rank: NEET-UG re-test exam's revised rank list announced; Check your new ranking here
NEET 2024 Revised Rank: The NTA has announced the revised rank list for NEET-UG 2024 after a Supreme Court-mandated retest. The re-exam, held on June 23, was conducted for 1,563 candidates affected by initial exam delays. Less than half of these candidates opted for the retest. The NEET UG re-exam results will be available today, June 30, on exams.nta.ac.in, with the counselling process commencing on July 6.
NEET-UG 2024 re-test result declared today; Here's how to check it
NEET UG Result: The NTA has released the NEET UG re-exam results today, July 1, on exams.nta.ac.in. The re-exam, held on June 23 for 1563 affected candidates, follows a Supreme Court decision to rescind previously granted grace marks. The MCC will begin the counselling process on July 6 based on these results. Candidates can check their results by visiting the official NTA website.
NEET-UG Paper Leak case: CBI seizes burnt papers, electronic devices from Bihar Police
The Central Bureau of Investigation (CBI) has taken charge of the NEET-UG 2024 paper leak investigation, gathering key evidence from Bihar police. With 18 arrests made, including prime suspect Sikandar Yadavendu, the probe reveals a web of corruption affecting students nationwide. Student unions protest against the examination corruption, demanding the resignation of the Union Education Minister. The investigation intensifies as political leaders call for reform and accountability.
MoD inks MoUs with 4 banks to onboard them as SPARSH service centres across 1,128 branches
The Defence Accounts Department (DAD) of the Ministry of Defence has signed MoUs with Bank of India, Canara Bank, Central Bank of India, and Utkarsh Small Finance Bank to onboard 1,128 branches as SPARSH service centres. SPARSH (System for Pension Administration (RAKSHA)) is a web-based system for direct pension processing. These centres will assist pensioners in remote areas with services like profile updates, grievance registration, and digital identification. SPARSH services are now accessible at over 26,000 branches of 15 banks, enhancing pension management efficiency and transparency.
AMD launches new AI chips to take on leader Nvidia
Advanced Micro Devices unveiled the MI325X accelerator at Computex, aiming to challenge Nvidia with new AI chips by 2026.
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New railway line to connect Noida Airport with Palwal and Chola for connectivity to Kolkata, Mumbai, and Chennai
In a significant move for regional connectivity, a new 60km railway line is proposed between Chola and Rundhi to link Noida International Airport with routes to Howrah, Chennai, and Mumbai. The project, estimated at Rs 2,400 crore, aims to serve over 1.2 lakh people initially and includes five railway flyovers and integration with existing networks. Construction is expected to take three years.
Xi Jinping exposes cracks in China's governance model
President Vladimir Putin emphasized Russia and China's commitment to a more democratic multipolar world order during his visit to China. Critics point to Xi Jinping's concentration of power, erosion of norms, and struggles in maintaining control over the PLA, raising concerns about China's governance model.
Singapore and Kazakhstan plan Eurasia to ASEAN trade & transit corridor
Singapore and Kazakhstan strengthen economic ties, enhancing India's role as a link between Southeast Asia and Eurasia. Kazakhstan's transport initiatives and Singapore's expertise create new business opportunities. The countries sign agreements to boost trade and investment, with Singapore investing in Kazakhstan's economy. Cooperation focuses on innovation and digitalization for mutual benefit.
In the fight between bulls and bears, these set of companies always win: 4 stocks with upside potential of up to 21%
Recently the finance minister, Nirmala Sitharaman spoke about the risk of unchecked explosion of future and option trading. Before that, there was a SEBI study, which mentioned that 90 % of the individuals who trade in future and options ( F&O) end up losing money; only 10% are able to make profit. But there is another side to the story. First is that trade volumes in this segment are only going to rise. Second, what is the common between both the losers and winners? They both brokerage to their stock broker and also pay transaction fees to the stock exchange. So, who is the constant and permanent winner? The stock exchange and the stock broker. Yes, policy makers will bring in more checks, but the hard fact is that those checks will only be partially effective for a short period of time as the turnover in the F&O will continue to rise for the foreseeable future. One can control anything, but not the hope and greed on the street.
Saudi Arabia plans big investments in Central Asian hub of Uzbekistan
The 3rd Tashkent International Investment Forum (TIIF) in Uzbekistan attracted over 2.5 thousand participants from 93 countries, leading to the signing of agreements worth $26.6 billion. The event highlighted the importance of regional energy projects, including the construction of Kambarata HPP-1 and Yavan HPP, for the entire region. As a result, agreements totaling $26.6 billion were signed, demonstrating the high investment attractiveness of Uzbekistan and the success of the forum.
Saudi Arabia plans big investment in Central Asian hub of Uzbekistan
The 3rd Tashkent International Investment Forum (TIIF) attracted significant global investor interest, resulting in agreements worth $26.6 billion. The event saw over 2.5 thousand participants from 93 countries. Key highlights included presentations of regional energy projects and agreements signed for various projects. These included infrastructure development, wind farms, heat supply system modernization, sugar production, textile manufacturing, and food processing. The forum also discussed economic development, supporting small and medium-sized businesses, retail trade challenges, digital technology integration, and urban planning.
Intel forecast misses estimates; shares tumble
Intel predicts lower Q2 revenue and profit, shares down 8%. Weak demand for data center, PC chips. Nvidia leads AI market. Gelsinger optimistic about Intel rebound.
Unlocking organizational potential: The role of chief executive officers (CXOs) in the digital era
Chief Experience Officers lead digital transformation to enhance customer engagement. Collaborating with C-suite executives and leveraging emerging technologies, CXOs drive innovation and deliver exceptional value to customers, shaping the future of business.
Google unveils Arm-based data center processor, new AI chip
Google's tensor processing units (TPUs) are one of the few viable alternatives to the advanced AI chips made by Nvidia, though developers can only access them through Google's Cloud Platform and not buy them directly.
India poised to become largest member of World Trade Centers Association (WTCA): John E. Drew, Chairman of the WTCA
India's rise in the global economy positions it to become the largest member of the World Trade Centers Association (WTCA) within five years, potentially surpassing China. John E. Drew, WTCA Chairman, discusses the brand's presence in India, emphasizing a longstanding relationship and robust plans for expansion.
Mandatory CGHS new rule from April 1, 2024: How central govt employees can link CGHS beneficiary ID with ABHA ID
Linking CGHS ID with Ayushman Bharat Health Account ID is must for central government employees: Central Government Health Scheme (CGHS) beneficiaries must now link their CGHS beneficiary IDs with their Ayushman Bharat Health Account (ABHA) IDs. This directive, made mandatory as of April 1, 2024, aims to streamline healthcare delivery and record management for CGHS users. If a central government employee does not have an ABHA ID, he or she needs to create one and link the same with CGHS beneficiary ID. What is an Ayushman Bharat Health Account (ABHA) ID? How to create an ABHA ID? Here's a step-by-step guide on how to link CGHS beneficiary IDs with ABHA IDs
Process of overvaluations getting readjusted over? 4 stocks from diagnostics sector with upside potential of 18-23%
There are some businesses whose underlying nature is such that they don't have any sudden spike in their profits. However at the same time, there is constant growth. The growth could be because of many reasons, it may be because of the fact that penetration of that good or service is very low and over a period of time as it improves, both top and bottom line keep moving upward. In some cases, it could be because of the movement of business from the unorganized sector to the organized sector. It could also be because of the fact that the need is such that if required spending on it cannot be postponed. In the case of diagnostic business, it is all the three. But there is another side to it, how the street is treating these businesses when it comes to valuations. In case of diagnostics, from dizzy heights of valuation in 2021 to today where it is being seen as a sector where there is nothing worth looking at this point of time due to multiple issues. Yes, there are real issues with the business, but not a bad time to get them on watchlist at least.
Nvidia stock surges as revenue forecast tops estimates, AI demand continues
The already-hefty demand for the company's data center chips and graphics processing units (GPUs) continues to grow as firms scramble to expand their AI offerings. Nvidia's silicon dominates the global market for AI chips, where it counts the likes of Microsoft among its customers.
Wait for unprocessed income tax refund to get longer; deadline extended by 3 months
Income tax refund: Individuals who have pending income tax refund due to the fact that their income tax return (ITR) was not processed by the income tax department would now get their income tax refund by April 30, 2024. However not all individuals would get tax refund, read here to know who gets and who does not.
How firm and dispatchable renewable energy is transforming India’s sustainable energy landscape
India aims to source 50% of electric power from non-fossil fuels and reduce carbon emissions by 45% from 2005 levels by 2030. The 2023 National Electricity Plan by the Central Electricity Authority (CEA) estimates the need for 486 GW of variable renewables (solar and wind) to achieve this target. Challenges posed by the high penetration of variable and intermittent renewable energy can be solved through firm and dispatchable renewable energy power, obtained by integrating energy storage systems.
SLCM launches food grain quality control centers in Delhi & MP
Warehousing company SLCM Group has launched Krishi Quality Janch Kendra, an AI/ML empowered solution for checking food grain quality. The company aims to establish 600 more Krishi Quality Janch Kendra centres across India. The centres provide a quality check report for grains in just minutes, reducing the time and cost for farmers and traders.
Republic Day 2024: Republic Day parade to feature all-women contingents from Central Armed Police Forces
Republic Day 2024: The Republic Day parade in Delhi will feature all-women contingents from Central Armed Police Forces (CAPFs), including daring motorcycle riders from BSF, CRPF, and SSB. The combined daredevil bikers team on Royal Enfield Bullets, a first in parade history, will precede Indian Air Force assets. Women marching and band teams from ITBP, CISF, SSB, and BSF will also participate, emphasizing not only India's military strength but also its cultural heritage. With 144 personnel in each contingent, the historic event signifies the empowerment and dedication of women in armed forces.
Central govt employees, pensioners: Latest CGHS consultations charges, ICU rates, room rents; full list of CGHS eligibility
CGHS latest rates 2023: The latest charges of consultation, ICU, room rent for CGHS beneficiaries, according to Union Ministry of Health and Family Welfare (MoHFW). Further, the ministry has simplified the referral process for the CGHS Wellness Center. Which Central Government are eligible for the CGHS benefits? Full list here.
SMEs can benefit from IPO surge but must tread cautiously, say experts
Before embarking on the IPO journey, SMEs should prepare their financial statements, balance sheets, receivables, and key financial ratios, according to experts.
Surge in migrant crossings through Darién Gap strains Central American nations
The number of migrants crossing the treacherous Darién jungle between South America and Central America has reached record-breaking levels, with 400,000 migrants making the journey to the United States in the first nine months of this year. The surge in crossings has led to a humanitarian crisis, straining the resources of governments in the region. Migrants, including many children, face dangers such as robbery and sexual assault along the way.
India’s key Central Asian partner maintains economic stability despite geo-political upheavals
Foreign trade turnover in the 1st half of the year increased by 19.4% to $29.2 billion. Exports increased by 23% to $12.1 billion, imports by 17% to $17 billion. The export growth is due to an increase in the supply of machinery and transport equipment to foreign markets by almost 60%, gold by 47%, services by 41%, food by 33%, various finished products by 25%. At the same time, exports of non-food raw materials decreased by 26%, fuel and energy resources by 20%.
Tax dept to provide assistance on 24x7 basis for ITR filing till July 31; Check income tax return filing helpline number, email
Taxpayers can seek help from the income tax department through calls, live chats, Webex sessions and on social media.
India targets 12% annual merchandise export growth for $1tn vision: DGFT's Santosh Sarangi
Santosh Sarangi said that in the service sector, the country needs to grow at 16.6% on an average every year.
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