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Air India-Vistara mid-air collision: How Captain Kohli saved 261 lives

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Two planes belonging to Vistara and Air India came close to a mid-air collision on February 7 over the skies of Mumbai LATEST NEWS  :  In what could have turned into a mass casualty coincidence in the skies, leaving over 250 flyers useless, two planes belonging to Vistara and Air India (AI) got here close to a mid-air collision on February 7. consistent with reports, the mishap was prevented way to the presence of mind proven through the AI plane's girl commander. Captain Anupama Kohli, the commander of the Air Indian flight, saved the day and the lives of 261 passengers traveling on the 2 separate planes while she noticed the Vistara plane closing in and right now climbed and became right to influence clean of the alternative plane, the instances of India mentioned, bringing up resources, on Monday. in step with reports, Vistara's united kingdom 997 Pune-sure plane from Delhi, carrying 152 passengers, changed into just a hundred feet far from Air India's AI 63...

I-T turns heat on Bitcoin investors who have still not paid their taxes

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CBDT Chairman said that while many such investors did not pay advance tax on the benefits which they have accrued, some others have not explained these investments in their tax returns LATEST NEWS :    The profits Tax department has issued "few lakh" notices to those who have put their budget in bitcoins and it is running to attain taxes which are due on these investments, the CBDT chief stated. CBDT Chairman Sushil Chandra instructed PTI that it has come to the awareness of the taxman that at the same time as many such buyers "did not pay improve tax" on the benefits which they have got collected, a few others have now not explained those investments of their tax returns in the past. The branch had carried out pan-India surveys at those exchanges in December last 12 months. "we've issued notices (to traders) and they (lots of them) have agreed to pay taxes. we can actually take taxes as some distance as the cash is concerned which is invested...

Sensex tanks 2.5%, down 839 pts, Nifty ends below 10,800 on Budget woes

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Catch all live market action here LATEST NEWS :    Benchmark indices tumbled on Friday because the lengthy-term capital gains tax on equities investments dampened sentiment, even as bonds slid for a 2d consecutive session on worries the significant bank could become greater hawkish on inflation   . The susceptible sentiment came an afternoon after the authorities unveiled its price range for the 12 months beginning in April that raised spending for rural sectors and healthcare, widening the monetary deficit goal to 3.three% of gross home product from the previous three.0%. The authorities additionally unveiled a 10 percent tax on lengthy-time period capital profits in equity markets  . investors worried that higher spending and the government’s flow to elevate minimum help costs for crops could lead to better retail charges at a time when purchaser charge inflation has already hit a 17-month high of 5.21%, properly above the Reserve bank of India’...

Budget session: Takeaways from Sonia's call to unite 17 parties against BJP

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Congress leader urges like-minded parties to bury differences, stand firm against saffron set-up; BSP turns deaf ear LATEST NEWS :    The opposition parties are prepared to assault the NDA authorities throughout the ongoing budget consultation of the Parliament. that allows you to formulate their strategy, they met on Thursday, which was chaired by Congress ex-president Sonia Gandhi. The leaders mentioned various problems consisting of Aadhaar be counted, rampant incidents of communal violence, unemployment, gasoline charge upward push. The meeting, on Thursday, was chaired by means of Congress ex-president Sonia Gandhi. Sonia entreated like-minded events to conquer nearby differences and join hands towards BJP on the Centre. "We have to altogether undertake a not unusual approach and approach each outside and inside Parliament... There may be variations amongst events in states, but there need to no longer be differences on country wide problems and we ...

Budget 2018: Experts hail govt's move to support 5G test bed at IIT Madras

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The centre at IIT-Chennai can work on the development of IoT and Machine to Machine applications which are relevant and best suited for India LATEST NEWS :    In a thrust to roll out 5G in 2020 in line with the worldwide markets, Finance Minister Arun Jaitley said on Thursday that the branch of Telecom (DoT) will assist a 5G-test bed at IIT Chennai. The 5G era is being standardised globally to enable internet of factors (IoT) applications. The centre at IIT-Chennai can work at the development of IoT and system to device packages which might be relevant and nice applicable for India. "The putting in of 5G centre in collaboration with IIT Chennai would assist India being early adopter of the subsequent generation technology in place of being a laggard," stated Hemant Joshi, accomplice, Deloitte India. also study: With cognizance on rural sector, finances 2018 boosts Modi's re-election chances "this could be a boon for the telecom industry a...

Modi's Budget 2018 dilemma: Win rural voters or stick to deficit plan

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Bond investors have already concluded that Finance Minister Arun Jaitley will deviate from those plans when he delivers his budget on Thursday BUDGET NEWS  :  Indian top Minister Narendra Modi has a difficult balancing act on this week’s finances: keeping monetary prudence or handing out cash to placate rural citizens ahead of next 12 months’s election. After scoring a rare sovereign improve late last yr, Modi desires to maintain international traders and credit-score corporations on his side. Key to on the way to be sticking his purpose to narrow one in all Asia’s largest finances deficits. Bond investors have already concluded that Finance Minister Arun Jaitley will deviate from the ones plans whilst he provides his price range on Thursday, with yields climbing 96 basis factors in the beyond six months, the most in Asia. within the remaining complete price range before the elections, Jaitley needs a increase improve for an economic system that’s slowing righ...

Budget 2018: India largest arms importer, yet defence of realm falters

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Defence allocation accounted for 17% of the central government budget (Rs 21.46 trillion) in 2017-18 BUDGET NEWS  :  India is the fifth largest military spender (2016) in the world and the most important importer of fingers, accounting for 13% of the world’s total imports between 2012 and 2016, in step with the Stockholm international Peace research Institute, a assume tank. however, over three years to 2017-18, there has been a 9% decline in finances allocation for capital investments towards requirements, or “projections” in officialese, a thing that could postpone procurement and modernisation of the militia, according to a document via the Parliamentary status Committee On Defence 2017-18, an advisory body to the defence ministry, provided to the Lok Sabha (lower house of Parliament) on December 19, 2017. The air pressure capital price range was 46% decrease than its requirements, the navy's changed into 41% and the military's 32%, the document said. Th...