CHARGING TIME
Government may be on target on telecom revenues despite weak auction
The Department of Telecommunications (DoT) is expected to earn around Rs 1.20 lakh crore in revenue receipts this fiscal, with state-run BSNL contributing significantly, despite a tepid response to the recent spectrum sale. The government is likely to retain its revenue target from the telecom sector in the upcoming budget, with estimates suggesting a significant portion will come from past auction dues, spectrum usage charges, and licence fees.
Faster nod for power connection to EV charging stations proposed
The Indian government has proposed new guidelines to reduce the approval time for electricity connections for electric vehicle (EV) charging stations. The approval time in metropolitan areas will be cut from seven days to three days, and in municipal areas from 15 days to seven days. In rural areas, the time will be reduced from 30 days to 15 days. The draft guidelines also call for an online single-window clearance system for faster processing of these connections.
Sebi tweaks rules for Basic Service Demat Account. Check eligibility, charges
Sebi has introduced new rules for Basic Service Demat Accounts (BSDA). To be eligible, individuals must have only one demat account where they are the primary holder and only one BSDA across all depositories.
ITR filing: Comparison of ITR filing charges across different websites: Cleartax, TaxBuddy, Tax2Win, KoinX, TaxNodes, TaxSpanner
ITR filing charges: This article compares the price of filing ITR across different third party websites like Clear, TaxBuddy, Tax2Win, KoinX, TaxNodes, Quicko and others. Filing of ITR is always free on the income tax department's e-filing ITR portal, however if you need any specialised assitance then you either need to hire a CA or use any of the third party websites.
Chinese Communist Party expels two ex-defence ministers on corruption charges
The Chinese Communist Party has expelled two former defense ministers, Li Shangfu and Wei Fenghe, in an anti-corruption crackdown. This move follows Li's disappearance last year and comes amid rising tensions between China and the United States over Taiwan.
US reporter Evan Gershkovich's closed-door trial begins in Russia
US journalist Evan Gershkovich's trial for espionage started in a closed-door session in Russia on Wednesday, marking 15 months since his arrest. Gershkovich, a Wall Street Journal correspondent, was detained in March 2023 during a reporting trip in Yekaterinburg. He and his employer, along with the White House, reject the charges as false.
Step-by-step process for a home loan balance transfer
Transfer your home loan wisely by comparing offers, verifying eligibility, submitting required documents, negotiating terms, and finalizing the balance transfer for reduced EMIs and long-term savings.
Brookfield targets USD 10 billion investments in renewable sector
Canada’s Brookfield Asset Management plans to triple its investments in India’s renewable energy sector to over $10 billion within the next three to four years. The firm is also exploring opportunities in electric vehicles and green hydrogen. With a current portfolio of over 25 GW, Brookfield is the second-largest investor in India’s green energy assets. Through its new Catalytic Transition Fund, Brookfield aims to further its commitment to clean energy and transition projects in emerging economies, including India.
Banks in a GST fix over RBI's directive to levy penal charges
The Reserve Bank of India's directive to levy penalties only in the form of 'penal charges' is posing a tax dilemma for banks. Banks fear that the indirect tax on such levies would attract the goods and services tax (GST). The new rule, which came into force from April 1, 2024, was brought in by the central bank to ensure "reasonableness and transparency" in disclosure of penal interest. However, banks have asked the tax authorities to spell out their stand on the issue.
National Anti-Doping Agency suspends Olympic Medallist wrestler Bajrang Punia once again
National Anti-Doping Agency suspends Olympic Medallist wrestler Bajrang Punia again for anti-doping rule violation after revoking provisional punishment.
Ram Mohan Naidu writes 'Om Shri Ram' 21 times before taking charge as Civil aviation minister. Video goes viral
Telugu Desam Party MP Ram Mohan Naidu has been appointed as the Union Minister of Civil Aviation, succeeding BJP's Jyotiraditya Scindia. Naidu aims to make air travel more affordable and complete the Bhogapuram airport project by 2025. At 36, he is the youngest minister in the Modi 3.0 cabinet and a three-time Lok Sabha MP.
View: EV financing should be cheaper than ICE financing
The financial infrastructure for commercial vehicles is built around ICE vehicles, hindering EV adoption. EV financing faces challenges due to uncertain residual value, battery concerns, and higher interest rates. Small operators struggle with higher EMIs, but a new battery-as-a-service model could make EV financing cheaper and more flexible.
Thefts of charging cables pose yet another obstacle to appeal of electric vehicles
Thieves targeting EV charging stations in cities like Seattle to steal copper wiring pose challenges for major automakers, charging companies, and EV owners. The thefts have led to increased security measures and collaboration with authorities to address the issue.
NCP refuses to be part of NDA ministry after BJP offers MoS (Ind Charge) for Praful Patel
Maharashtra deputy chief minister Devendra Fadnavis, who met Ajit Pawar and other NCP leaders in Delhi after NCP's refusal, told reporters that there was a uniform policy on allocation of ministry. "For one party, exceptions could not be made. We are sure that whenever there is a Cabinet expansion, their (NCP) wish would be considered," said Fadnavis.
US President Joe Biden says he won't pardon son Hunter if convicted at trial in gun charges
US President Joe Biden won't pardon his son, Hunter Biden, in the federal gun charges trial. Hunter faces three charges for violating federal law. Biden is proud of Hunter's recovery from addiction.
Electric vehicle (EV) insurance: Coverage for battery replacement, roadside assistance top insurance add-ons, finds survey
Premium is the top consideration while picking insurance, claims a recent ICICI Lombard survey on electric vehicles.
Railways land-for-job case: Court directs ED to file supplementary charge sheet by June 7
A Delhi court on Friday directed the ED to file supplementary charge sheet, if any, by June 7 in a money laundering case related to the alleged land for job scam in the Indian Railways involving RJD chief Lalu Prasad and several of his family members. Special Judge Vishal Gogne said he has questioned the ED several times in the course of the proceedings over the past few months about completion of the investigation.
How one-time Donald Trump fixer Michael Cohen helped get the former president convicted
Michael Cohen, once loyal to Donald Trump, testified against him in a New York trial, leading to felony charges. He revealed Trump's involvement in hush money payments to a porn star, marking a dramatic shift in their relationship. Cohen's testimony highlights his journey from a staunch supporter to a vocal critic, facing legal consequences and disbarment. Despite Trump's denials and legal battles, Cohen's testimony has been pivotal in holding Trump accountable, showcasing a complex tale of loyalty, disillusionment, and pursuit of truth.
This is what it was like inside the courtroom when the Trump verdict was read
Donald Trump found guilty by a New York jury on 33 charges of falsifying business records. Courtroom sketch artist Jane Rosenberg witnessed Trump's reaction as the foreman pronounced him guilty. Judge Juan M. Merchan unexpectedly announced the verdict after planning to dismiss the jury.
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