Tummala Nageshwar Rao assures implementation of Rythu Bharosa without fail
The minister announced that government officials are currently in the process of identifying lands that are unsuitable for cultivation.
Looking ahead, Rao indicated that the Rythu Bharosa scheme will be exclusively tailored to support cultivated lands.
He also assured that the concerns over the non deposit of the funds into beneficiaries accounts due to technical issue will be resolved as early as possible.
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Time of India
an hour ago
- Time of India
ED arguments over in Herald case, it's Gandhis' turn now
Sonia and Rahul Gandhi NEW DELHI: The Enforcement Directorate (ED) claimed before a Delhi court on Thursday that the National Herald case is a "classic case of money laundering". Young Indian Pvt Ltd, in which ex-Congress presidents Sonia Gandhi and Rahul Gandhi held a 76% stake, was allegedly created to launder Rs 2,000 crore from Associated Journals Ltd, the company that published 'National Herald' newspaper. "This is a classic case where the offence of money laundering is made against all the accused," submitted additional solicitor general SV Raju, appearing for the ED before the court of special judge Vishal Gogne. He asked the court to take cognisance of the chargesheet. The court was hearing arguments on the point of cognisance of the chargesheet filed against Sonia Gandhi and Rahul Gandhi in the money laundering case. The agency concluded its arguments in the case on Thursday. Senior advocate Abhishek Manu Singhvi will make submissions before the court on Friday, appearing for Sonia Gandhi. The ED, through the ASG, submitted that Sonia and Rahul Gandhi were beneficial owners and in ultimate control of Young Indian, and that after the deaths of other shareholders they had 100% control. "These two persons controlled the All India Congress Committee. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trending in in 2025: Local network access control [Click Here] Esseps Learn More Undo They saw that AICC released a Rs 90 crore loan to Associated Journals Limited, or AJL, a Rs 2,000 crore company, the publisher of National Herald newspaper. The purpose was to have Rs 2,000 crore," Raju told the court. Raju claimed Sonia and Rahul Gandhi were responsible for the conduct of business of Young Indian and the fraudulent takeover of properties valued at over Rs 2,000 crore of AJL was with their connivance and consent. The ASG alleged that the shareholding in the venture was just in name and that all the other accused were puppets of the Gandhi family. He added that Sonia and Rahul Gandhi control Congress and wanted to get hold of Rs 2,000 crore instead of the said Rs 92 crore. As per the ED, Congress provided an interest-free loan of Rs 90 crore to AJL, which had assets worth Rs 2,000 crore, for a consideration of just Rs 50 lakh. This debt was allegedly converted into equity in YI's favour. "They deprived AJL's shareholders of their right. YI invested just Rs 50 lakh and got Rs 2,000 crore. YI gained wrongfully and shareholders suffered," he said. The court asked Raju if the shareholders are also witnesses in this case. Calling the matter a little peculiar, the judge asked whether they should not also be made witnesses. "The ED has not investigated the 1,000 shareholders. So will this trial go on without them being witnesses," the court asked. The ASG replied, "The record speaks for itself. This is a classic case of money laundering. The real culprits are these seven persons (including Sonia and Rahul), once you pierce the veil. Today, Sonia and Rahul Gandhi hold almost all shares. They're the beneficial owners of the company."
The Print
an hour ago
- The Print
`Defamation' of Savarkar: court says it can't compel Rahul Gandhi to produce `book' cited by him
Satyaki Savarkar, the complainant in the case, had filed the application in May, claiming no such book as cited by Gandhi existed, and he should be asked to produce it if it did. The Congress leader cannot be compelled to produce the book, said judge Amol Shinde of the special court for MPs and MLAs. Pune, July 3 (PTI) A court here on Thursday rejected a plea by the grandnephew of Vinayak Damodar Savarkar seeking access to a `book' cited by Congress leader Rahul Gandhi while allegedly making defamatory remarks against the late freedom fighter. The court, in its order, said the accused cannot be compelled to disclose his defense before the commencement of the trial. 'The accused may produce any relevant documents during the presentation of his defense evidence. If the accused is compelled to produce such evidence prematurely, it would amount to violation of his fundamental rights guaranteed under Article 20(3) of the Constitution of India, which protects against self-incrimination,' the order stated. 'As per Article 20(3)…'No person accused of any offence shall be compelled to be a witness against himself. Therefore, this Court is of the opinion that an order cannot be passed directing the accused to file the incriminating documents,' the judge further said. Satyaki Savarkar has filed a defamation complaint against Rahul Gandhi, citing his speech in London in March 2023. As per the complaint, the Congress MP claimed during the speech that V D Savarkar had written in a 'book' that 'he and five to six of his friends once beat up a Muslim man, and he (Savarkar) felt happy'. No such incident ever took place, nor did Savarkar write any such account, Satyaki Savarkar said in his defamation complaint. PTI SPK KRK This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Economic Times
an hour ago
- Economic Times
Trump's ‘Big Beautiful Bill' set to transform your taxes: Here's how
Congress approved President Donald Trump's tax bill. It brings significant tax changes for Americans. Individual tax rates are locked for a decade. The SALT deduction cap increases, but with limits. The child tax credit rises, and 'Trump Accounts' are introduced for kids. There are tax breaks for tips, overtime, and car loan interest. Seniors and heirs get extra relief. Tired of too many ads? Remove Ads 1. Individual tax rates locked in- no increases for a decade 2. SALT deduction cap quadrupled, but with new limits 3. Bigger child tax credit and new 'Trump accounts' for kids 4. Tax breaks for tips, overtime, and car loan interest Tired of too many ads? Remove Ads 5. Extra relief for seniors and heirs Fiscal impact and controversy In a razor-thin 216-214 vote, the House has passed the Senate's version of President Donald Trump 's sweeping tax legislation, known as the 'One Big Beautiful Bill Act.' The bill, which now heads to the president's desk, brings $4.5 trillion in tax breaks and spending cuts, promising major changes for millions of American taxpayers. Here are the five most significant ways this bill will reshape your taxes, according to verified details from Forbes and other leading bill makes permanent the individual income tax rate cuts first enacted under the 2017 Tax Cuts and Jobs Act. This means the top tax rate remains at 37%, and lower rates for other brackets are also locked in for at least 10 years. Taxpayers will not face a scheduled rate hike in 2026, translating to continued savings for many households.A major win for residents of high-tax states: the state and local tax (SALT) deduction cap jumps from $10,000 to $40,000 starting in 2025. This cap will increase by 1% annually through 2029. However, the benefit phases out for those earning over $500,000, with the cap reverting to $10,000 in 2030. Taxpayers can only claim this deduction if they itemize, and the standard deduction will be $30,000 for joint filers and $15,000 for singles in child tax credit rises to $2,200 per child starting in 2025. This directly reduces your tax bill, though the refundable portion for lower-income families remains capped at $1,600. The phase-out for high earners also continues. Additionally, the bill introduces $1,000 'Trump Accounts' for children born between 2024 and 2029, which can be invested for education, a first home, or starting a business, with favorable tax treatment on qualified withdrawals.A headline-grabbing feature: tips are now tax-free up to $25,000 for workers in eligible professions, with income limits of $150,000 for singles and $300,000 for couples. Overtime pay is also deductible up to $12,500 ($25,000 for couples), and there's a new $10,000 deduction for car loan interest for those earning under $100,000 ($200,000 for couples). These deductions are federal only—state taxes may still over 65 get a new $6,000 tax deduction (income limits apply), while the federal estate tax exemption jumps to $15 million. This means more wealth can be passed to heirs tax-free, though state estate taxes may still apply. These changes are expected to prompt new estate planning strategies for affluent the bill brings substantial tax relief, it is projected to increase the federal deficit by up to $4.5 trillion over the next decade. Critics argue the bill disproportionately benefits the wealthy, with the top 0.1% expected to receive average annual tax cuts of $309,000, while some lower-income households could see tax increases beginning in 2029.
