Latest news with #Rs35
Time of India
10 hours ago
- Time of India
College dropout arrested for allowing cyber fraudsters to use bank account in share trading scam
Mumbai: The North Cyber police recently arrested a 32-year-old college dropout from Thane's Wagle Estate for allowing cyber fraudsters to use his bank account to park money siphoned from cyber victims across the country. The accused, Ajay Morya, was arrested based on a complaint received from a middle-aged man from the suburban locality of Mumbai, who was duped of Rs1.78 crore by the fraudsters after being lured with high returns from investing in share trading. The complainant realised he was duped after transferring Rs1.78 crore to different accounts to withdraw the money that appeared on a trading website as earnings from share investments. "Fraudster has used Morya's account to park Rs35 lakhs of the total amount that was siphoned from the complainant. Morya was tracked down with the help of the banking details that he has provided to open the account," said a North Cyber police officer. Based on the complaint, DCP Purushottam Karad supervised the team and arrested Morya after tracking his location to a nearby place at Thane's Viviana Mall. The fraudster siphoned money from the victim between May 7 and June 30 after luring him with high returns in share trading investments. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Live the Amalfi Dream with Serenitaly Serenitaly Learn More Undo "The complainant was made to join the WhatsApp group and was provided with genuine information about the share investment. But the website that showed his investment growing was fake. He was made to pay Rs1.78 crore to withdraw the money he earned," said the cyber police. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai North Cyber senior inspector Sudhakar Humbe said Morya's account is used in 30 different cases registered across India. The team is working to track the main accused in the fraud.
Time of India
6 days ago
- Business
- Time of India
Bihar's GSDP grew at 14.47 % in fiscal 2023-24: CAG
Patna: The state finances audit report of the Auditor and Comptroller General of India (CAG) on the govt of Bihar, tabled on the floor of the state legislature on Thursday, mentioned that during the financial year 2023-24, the GSDP of the state grew by 14.47 per cent over the previous year. The report said that during the same financial year, the liabilities of the state increased by 12.34 per cent over the previous year, with internal debt contributing 59.26 per cent of the total outstanding liabilities of the state. Net liabilities under internal debt increased by 13.51 per cent over the previous year, it said. As per the report, the committed expenditure, including interest payments, salaries, and pensions, constituted 36.89 per cent of the revenue expenditure and 36.35 per cent of the revenue receipts of the state during 2023-24. The committed expenditure increased at an average rate of 8.86 per cent, from Rs48,477.72 crore in 2019-20 to Rs70,282.32 crore in 2023-24, the report said. If the report is to be believed, the state's outstanding liabilities to GSDP ratio ranged from 33.24 per cent to 40.01 per cent during 2019-20 to 2023-24. The major component of the liabilities was internal debt (70.99 per cent during the current year), which included market borrowings. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World Undo The CAG report also mentioned that during the same period, the state had a revenue surplus of Rs2,833.06 crore over the revenue deficit of Rs11,288.20 crore during the previous year. "The fiscal deficit of the state decreased to Rs35,659.88 crore in the financial year 2023-24 from Rs44,823.30 crore in 2022-23," it said. According to the report, the revenue receipts of the state increased by 11.96 per cent over the previous financial year. Similarly, the contribution of the state's share in union taxes and duties and own tax revenue increased by 18.95 per cent (Rs18,094 crore) and 9.87 per cent (Rs4,343 crore) respectively, over the previous year. Similarly, the non-tax revenue increased by 27.14 per cent, whereas grants-in-aid from GoI decreased by 9.99 per cent over the previous year. The CAG report stated that the total budget of the state was Rs3,26,230.12 crore for the financial year 2023-24, but the state spent only 79.92 per cent of the total budget, which was less than its original budget. It said the state surrendered 36.44 per cent of its total savings of Rs65,512.05 crore. It added that the state incurred excess expenditure of Rs39.47 crore over the budgetary provisions in two grants. The report further highlighted that savings under 08 grants constituted 42 per cent of the total savings. "Most of the savings pertained to rural development, health, rural works, disaster management, and agriculture departments. In 17 grants, there were significant savings of more than 30 per cent," said the CAG report.
Hans India
23-07-2025
- Business
- Hans India
Black Money Law: Govt raises over Rs 35K cr tax demand
New Delhi: The government has raised tax and penalty demand of over Rs35,105 crore and filed 163 prosecution complaints till March 31 under the foreign black money law, Parliament was informed on Tuesday. Minister of State (MoS) for Finance Pankaj Chaudhary said under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, the government has recovered Rs338 crore towards tax/penalty/interest between July 1, 2015 and March 31, 2025. 'Till March 31, 2025, 1021 assessments have been completed under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, raising tax and penalty demand of over Rs35,105 crore approximately and total 163 prosecutions complaints have been filed,' Chaudhary said in a written reply to Rajya Sabha. The tax demand gets crystallised conclusively when appeals, if any, before CIT(A), ITAT, High Court and Supreme Court are decided. Under the Black Money Act, 2015, it is mandatory for assesses to disclose all foreign assets and income in specified schedules while filing I-T returns. Any non-disclosure attracts a penalty. India receives information about foreign assets and income from over 100 foreign tax jurisdictions, Chaudhary added.
Hans India
21-07-2025
- Politics
- Hans India
Technical panel's report will guide dam safety works: DKS
Mysuru: DeputyChief Minister and Water Resources Minister DK Shivakumar on Sunday announced that the state government has constituted a technical committee to assess the safety of dams across Karnataka. Repair and development works will be taken up based on the committee's recommendations, he added. Speaking to reporters on Sunday near the Kabini reservoir after offering bagina, DCM Shivakumar observed that this was the first time in two years that the reservoir had filled up. 'After KRS, today we offered bagina at Kabini. This dam has supported us even in difficult times,' he said. He also confirmed that a proposal to expand the Kabini region had been put forth by local MLAs, and that the government had approved Rs35 crore worth of developmental works in the area. Additionally, a Rs88 crore micro-irrigation project DPR had been prepared and submitted. Referring to the Tungabhadra dam gate repairs, he stated that the incident prompted the formation of a technical committee to review the safety of all state dams. 'We will act on their findings as soon as the report is submitted,' he assured. When asked about the proposal for a Kabini Utsav and Kaveri Aarti, he said discussions would be held with district ministers and local leaders to promote tourism and employment through such events. On the stalled botanical garden project, he said that while private investment was welcome, the current priority remained optimal water use and dam safety. Regarding his sudden Delhi visit, Shivakumar clarified it was a private legal matter. 'I informed the Chief Minister, attended a brief meeting with lawyers, and returned the same night,' he explained. Reacting humorously to BJP's claim of disrespect towards him, he quipped, 'They always show me extra love because I'm stronger.'
Express Tribune
14-07-2025
- Politics
- Express Tribune
PTI flays formation of Anti-Riot Force
The Pakistan Tehreek-e-Insaf (PTI) Punjab on Monday criticised the provincial government for allegedly allocating an additional Rs35 billion for the constituency of Nation Assembly Speaker Ayaz Sadiq, calling it an unjustified use of public funds amid deepening economic hardship across the country. In a statement, the provincial PTI chapter expressed concern over the expenditure, particularly in light of the recent salary hikes for the speaker and other parliamentarians. The party argued that such fiscal decisions appear tone-deaf at a time when the nation is grappling with inflation, poverty, and soaring unemployment. "The extravagance of the elite feels like rubbing salt in the wounds of the people," the statement asserted. It highlighted ongoing governance challenges in Punjab, including a deteriorating drainage system, inadequate basic healthcare in public sector hospitals, and the alarming number of out-of-school children - reportedly over 10 million in the province.
