SRINAGAR, NOVEMBER 12: Member Legislative Assembly Eidgah, Haji Mubarak Gul, today chaired an important review meeting at the Banquet Hall, Srinagar, with senior officials from multiple government departments. The meeting focused on addressing key public concerns and ongoing development projects in the Eidgah Assembly Constituency. Among the officials present were the ADC Srinagar, Executive Engineers…
JAMMU, AUGUST 30: Deputy Commissioner, Sachin Kumar Vaishya conducted a surprise inspection of the Tehsil Office and the Government Health & Wellness Centre Pargwal. Additional District Development Commissioner Sher Singh accompanied the Deputy Commissioner during the inspection tour. At the Tehsil Office, the Deputy Commissioner scrutinised the Service Plus portal and evaluated the office's adherence…
Exhibited enthusiastic participation in Run for Democracy, Cycle Rally, Shikara Rally at SKICC SRINAGAR, AUGUST 09: Hundreds of youngsters of Kashmir came together with unmatched enthusiasm, promoting the importance of voting and expressing their faith in democracy. The students participated in several programs under SVEEP like Run for Democracy, Cycle Rally and Shikara Rally at…
KATRA, Apr 6: Shri Mata Vaishno Devi Shrine Board (SMVDSB) is committed to provide good and easily accessible health care services to the pilgrims visiting to the Holy Shrine.In the endeavor, the Shrine Board has inked a Memorandum of Understanding (MoU) with the Hewlett Packard Enterprise India Private Limited (HPEIPL) and Hewlett Packard (India) Software…
NEW DELHI: Delhi Minister Atishi claimed that Chief Minister Arvind Kejriwal, who suffers from "severe diabetes", has lost 4.5 kg weight ever since his arrest. "Arvind Kejriwal suffers from severe diabetes. Despite health problems, he used to work 24 hours a day to serve the country. Since his arrest, Arvind Kejriwal has lost 4.5 kg…
KOLKATA, Nov 9: Three coaches of the Secunderabad-Shalimar Superfast Express derailed near Howrah in West…
NEW DELHI: Leader of Opposition in the Lok Sabha Rahul Gandhi on Sunday said it…
MUMBAI, Oct 18: The Mumbai traffic police received a threat message demanding Rs 5 crore…
NEW DELHI: The Union Cabinet on Wednesday approved a 3 per cent hike in Dearness…
NEW DELHI: At the International Telecommunication Union - World Telecommunication Standardization Assembly (ITU WTSA), Akash…
Jammu, Sep 26: Officials said on Tuesday that 2 persons including a policeman were killed when a vehicle they were travelling in skidded off the road and fell into 100-ft deep gorge in Poonch. district.They said that Mohammad Sadiq (a sergeant constable) and Jamil Ahmed, both Plera locals, were killed in an accident involving an Alto automobile (JK12C-6052) at Zirat Plera.…
NEW DELHI: Rules for valuing equities and compulsorily convertible preferred shares issued by startups to resident and non-resident investors have been made public by the income tax department. The Central Board of Direct Taxes (CBDT) stipulates that the valuation of compulsorily convertible preference shares (CCPS) can also be based on the fair market value of unquoted equity shares in accordance with the amendments to Rule 11UA of I-T rules, which take effect on September 25. The five new valuation techniques—Comparable Company Multiple Method, Probability Weighted Expected Return Method, Option Pricing Method, Milestone Analysis Method, and Replacement Cost Method—that were included in the draught rules for non-residents' review are also retained in the amended rules.The amendments to Rule 11UA of the Indian Income Tax Act, according to Nangia & Co LLP Partner Amit Agarwal, result in positive changes by giving taxpayers flexibility through a variety of valuation methods, simplifying the valuation date consideration, encouraging venture capital investments, facilitating investments from notified entities, providing clarity on CCPS, and promoting foreign investments. "The inclusion of a tolerance threshold for minor valuation discrepancies further enhances the efficiency and fairness of tax assessments, ultimately benefiting both taxpayers and the government."These modifications give taxpayers access to a wider variety of valuation techniques, including those that are widely accepted, luring foreign investment and promoting clarity.Additionally, the notified final regulation adds a new sub-clause that specifically mentions CCPS, according to Agarwal. According to Amit Maheshwari, partner at AKM Global Tax, the new angel tax laws have very well addressed a crucial feature of the CCPS valuation mechanism, which was not the case in the past given that the majority of investments made in India by VC funds are made only through the CCPS method. Maheshwari continued, "The extending of 10% safe harbour to CCPS investments as it was previously intended for equity shares will give required margin of safety for handling foreign exchange volatility and is a positive measure.The CBDT released draught regulations on the valuation of funding in unlisted and unrecognised businesses for income tax purposes in May and solicited public feedback on them. These regulations are known as the "Angel Tax." The revised regulations are intended to close the discrepancy between the Income Tax and the FEMA regulations. Businesses paid taxes in addition to their fair market value. A tax known as an angel tax was used to describe this. According to the Finance Act of 2023, taxes will be applied to such investments above the FMV whether the investor is a resident or a non-resident. Concerns have been raised over the methods used to determine fair market value under two different regulations following changes to the Finance Act. [caption id="attachment_3206" align="alignnone" width="300"] IT notifies 'Angel Tax' rules for valuation of investments in startups[/caption]
JAMMU, Sept 26: The Jammu & Kashmir Government has made a significant decision by removing a councillor from the Jammu Municipal Corporation (JMC) for abusing her official authority. Jyoti Devi, a councillor for the Jammu Municipal Corporation, has been asked to resign after being busted receiving a bribe of Rs 1000 by the Anti-Corruption Bureau (ACB) investigators. "Now, therefore, in exercise of the powers conferred by section 34(I)(b) of The Jammu and Kashmir Municipal Corporation Act, 2000, the government hereby removes Smt. Jyoti Yadav, councillor, ward No. 53, from her office on the grounds of abuse of her official powers, with immediate effect," according to an order made by the H&UDD. It has taken place twice in the past two years. Awantipora Bashir Ahmad Bhat, the president of the municipal committee, had already been fired for abusing his position. [caption id="attachment_3203" align="alignnone" width="300"] JK Govt Removes JMC Councilor For Abusing Official Position[/caption]
Poonch/Jammu, Sep 26: According to preliminary investigations, a Special Police Officer (SPO) who was found dead in the Poonch region of Jammu and Kashmir on Tuesday likely died as a result of injuries sustained in a a road accident. SPO Khaliq Hussain's body was found in a field near the village of Kankote, some 10 feet below the main road, along with his motorbike, according to Station House Officer of Police Station, Poonch, Deepak Pathania. Hussain, who was assigned to the Poonch district police lines, had sustained brain injuries, according to him, and initial evidence points to a fatal car accident as the cause of his death. The official stated that the deceased's body was transferred to Poonch District Hospital for a postmortem and that police have begun an inquest. [caption id="attachment_3200" align="alignnone" width="300"] SPO Found Dead In Poonch[/caption]
EP 26, 2023 : After Canadian Prime Minister Justin Trudeau claimed that the Indian government was responsible for the murder of Khalistani terrorist Hardeep Singh Nijjar, dozens of supporters of Khalistan demonstrated outside the Indian Consulate in Vancouver. Demonstrators sang, performed music, and waved flags of Khalistan. Some of them burned the Indian flag outside the Indian Consulate in a trash container. In Toronto, there were also similar protests. According to Canadian news outlet CTV, protesters referred to Nijjar's death as a "assassination" and demanded a public investigation into the matter. Supporters of Khalistan had various demonstrations scheduled in Canadian cities.According to CTV News, the World Sikh Organisation issued a warning in advance about the potential for "incitement and interference" and urged attention. Tejinder Singh Sidhu, head of the World Sikh Organisation, urged for the capture of those responsible for Hardeep Singh Nijjar's murder in a statement. He added, "We encourage community members to immediately contact law enforcement if they feel unsafe or observe attempts to incite violence," according to CTV News. Prior to a rally planned by supporters of Khalistan, the Vancouver Police Department closed the street surrounding the Indian Consulate in Vancouver. According to CTV News, barriers have been put up to block the entrance to the Indian Consulate's premises on Howe Street in Vancouver. Vancouver Police sent a message on X, the platform that replaced Twitter, stating, "#VanTraffic: Howe Street is restricted to vehicular traffic between W Cordova and W Hastings Street. A different route should be considered till further notice. Howe Street is now open to all vehicular traffic, according to a post from Vancouver Police later in the day that was posted on X. After Justin Trudeau claimed on September 18 that India was involved in the killing of Khalistan Tiger Force head Hardeep Singh Nijjar in Canada, relations between India and Canada have been strained. On June 18, Nijjar, an Indian terrorist, was assassinated in front of a Gurdwara in Surrey, British Columbia.India, on the other hand, dismissed the accusations, calling them "absurd" and "motivated". The Ministry of External Affairs (MEA) issued a statement stating, "We have seen and rejected the statement of the Canadian Prime Minister in their Parliament, as well as the statement by their Foreign Minister." The MEA said in its statement, "Allegations of Government of India involvement in any act of violence in Canada are absurd and motivated." In response to Canada's expulsion of a senior Indian diplomat over New Delhi's alleged participation in Nijjar's murder, India also expelled a top Canadian diplomat.The claims made by Canada regarding India's "potential links" to the execution of Khalistani extremist Hardeep Singh Nijjar were described as "politically driven" by Ministry of External Affairs Spokesperson Arindam Bagchi on Thursday. "Yes, I do believe there is some prejudice present here. They have accused them and initiated legal action. We believe that the Canadian government's accusations are primarily motivated by political motives, Bagchi stated at a press conference. [caption id="attachment_3196" align="alignnone" width="300"] Khalistan supporters protest outside the Indian…
JAMMU: On the outskirts of Jammu, the Special Investigation Agency (SIA) reportedly conducted a search on a former terrorist associate's home on Tuesday. Early in the morning, the Jammu and Kashmir Police's counter-insurgency division conducted a search of Mohd Iqbal's home in the Peer Bagh neighbourhood of Sunjwan and seized a mobile and two SIM cards for analysis, according to police. According to the authorities, Iqbal was formerly a resident of the village of Khor in the Mahore Tehsil in the Reasi district and the operation was carried out under the assumption that he still has ties to terrorists. [caption id="attachment_3193" align="alignnone" width="300"] Raid on suspected terrorist's house in Jammu[/caption]
RAJOURI:The vigilant police in Rajouri confiscated an oil tanker and freed 16 livestock from the hands of smugglers after exposing their method of illegally transporting cattle to the Kashmir valley via Mughal Road. According to official sources, a police team led by SHO Rajouri Inspector Aejaz Ahmed Wani laid a naka on the outskirts of the town on the orders of SSP Rajouri, Amritpal Singh, and during checking they intercepted a Bharat Petroleum Oil Tanker bearing registration No. HR38S - 5582 that was travelling from the Jammu side.The police squad became suspicious while checking. They began a thorough inspection of the oil ship and eventually discovered 16 cattle loaded cruelly and ruthlessly inside the tanker without having received valid DM licence. All 16 animals were saved, and the vehicle was captured. Tanker driver Shoket Ali, a Reasi resident and the son of Shah Mohd, was detained by the police. In this regard, a FIR was filed under the appropriate sections at Police Station Rajouri. The SSP instructed the police teams to increase the district-wide inspection of all sorts of cars. [caption id="attachment_3190" align="alignnone" width="259"] Oil tanker used in bovines smuggling seized with 16 cattle[/caption]
SEP 25, 2023 : Shi Zhengli, regarded as one of China's top virologists, has issued a warning that a new coronavirus is likely to emerge in the near future. Shi Zenghli, known as "batwoman" for her study into viruses that spread from animals, particularly bats, to people, declared in a report that the world needed to be ready for a disease similar to Covid-19. In a study report she co-authored with her colleagues, she stated, "If a coronavirus caused diseases to emerge before, there is a high chance it will cause future outbreaks."Shi's team at the Wuhan Institute of Virology assessed the likelihood of 40 different coronavirus species spreading to humans and classified half of them as "highly risky." The study was based on an examination of a number of viral characteristics, such as population size, genetic diversity, host species, and any prior zoonotic infections (diseases that spread from animals to people). Six of these 40 are known to have already led to human infection with illnesses. Future illness emergence "is almost certain, and it is highly likely that a [coronavirus] disease will emerge again," the report stated.The study was released in the English-language journal Emerging Microbes & Infections in July, but it wasn't until this month that it started trending on Chinese social media. This may be in part due to the study's non-Chinese language, but a researcher from the CDC in the country claimed it also showed a desire to move on from the topic in light of China's abrupt reversal of its zero-Covid regulations. "Sometimes in private conversations, when talking with other public health scholars, we have noticed that Chinese authorities are downplaying Covid-19, intentionally or unintentionally, and some cities have stopped releasing infection data," the scientist, who wished to remain anonymous, said to the South Morning China Post.The Wuhan team has also discovered sensitive and speedy testing methods that might be applied to continuously keep an eye on these dangerous infections. They have also discovered key hosts of the disease, including intermediate species like camels, civets, pigs, and pangolins as well as natural hosts like bats and rodents. Despite the significance of this research, many Chinese virologists have refrained from commenting on Shi's most recent discoveries because of the intense emotions surrounding it. The Wuhan Institute of Virology has come under fire, with some US legislators espousing the idea that Covid-19 was the result of an unintentional lab leak.This explanation, however, is still hotly debated because many experts think the illness actually started in an animal, presumably a bat, and then spread to people via an unnamed host. There is no evidence to support the lab leak idea, according to declassified US intelligence papers disclosed in June, although it cannot be ruled out. [caption id="attachment_3187" align="alignnone" width="300"] China's 'Batwoman' warns that there could be more Covid-like 'outbreaks' in the future[/caption]
SRINAGAR: On Monday, a special court in this city denied the bail requests of ten second-rung separatist leaders who had been detained on suspicion of attempting to resurrect the outlawed Jammu and Kashmir Liberation Front (JKLF). Further Sessions Judge Srinagar Sandeep Gandotra, a special judge appointed under the NIA Act, rejected the separatists' arguments, stating that granting them bail at this point would jeopardise the interests of the general public and the state. The embargo outlined in section 43(D) proviso 5 is invoked in the current case, and the court noted that the accused parties/applicants do not merit the freedom of release at this time. "Furthermore, public interests/interests of the state/UT shall be at risk if the accused persons/applicants be expanded on bail at this point. Accordingly, the applications are denied, and they will be added to the records once the required procedures have been followed, the court stated. The bail application hearing had been grouped by the court. The judge further stated that the denial of the bail requests should not be interpreted as a judgement on the merits of the main case.Firdous Ahmad Shah, Jahangir Ahmad Bhat, Saheel @ Suhail Ahmad Mir, Khursheed Ahmad Bhat, Syed Rehman Shams, Sajad Hussain Gul, Mohammad Rafiq Phaloo, Gh. Hassan Parray @ Firdousi, Mohammed Yaseen Bhat, and Shabir Ahmad Dar were among the separatist leaders who had filed the bail applications. They were detained in July of this year on suspicion of attempting to resurrect the JKLF, which the Centre had banned in March of this year. [caption id="attachment_3184" align="alignnone" width="300"] NIA court rejects bail plea of 10 separatists[/caption]
SRINAGAR: Chief Secretary, Dr. Arun Kumar Mehta presided over a thorough evaluation of the IT Department today with the goal of further easing the lives of regular citizens through the use of e-initiatives for more transparency and door-step delivery of various government services. Alongside the evaluation, he also unveiled a number of IT initiatives, including the Cyber Crisis Management Plan (CCMP), Open Government Data (OGD) platform, Digital Internship 2.0, and five (05) new online services dedicated to the public.Along with other senior officers from the IT Department, the CEO of JKeGA, the State Informatics Officer of NIC, and the Commissioner/Secretary of the IT Department all attended the review meeting and launch event. The Chief Secretary acknowledged Team J&K's efforts at the outset of the evaluation for reaching the milestone of earning the top rank among States and UTs in terms of the number of e-services made available to citizens. At the same time, he made it clear that the success should inspire everyone to find other areas and services that should be offered in an electronic format in order to further improve the ease of the general population. He emphasised that e-services have improved departmental efficiency and are a very effective tool for achieving the "BhrashtacharMukt J&K" administration goal.The general public is also appreciating e-initiatives for their transparent, hassle-free character. He asked the department to keep working to increase the number of e-services available, advocating the addition of new services and setting a goal of achieving 1500 e-services. Dr. Mehta oversaw the production of thorough reports highlighting the backlog of e-files inside various government departments for prompt file destruction during the evaluation of e-office. He emphasised the significance of pinpointing users that display subpar file disposal rates. He also emphasised the use of cutting-edge tools in e-office processes, like voice-to-text converters, and evaluated the advancement of the Digital DPR and Virtual Tour projects.He ordered the inclusion of the PSGA timeline in the SMS delivered to individuals upon submitting an e-service application before the end of this month in order to increase empowerment & transparency and to sensitise the general public about their right to timely public service delivery. Meanwhile, the Chief Secretary described the creation of new horizons in J&K as evidence of increased transparency while announcing the JK instances of the Open Government Data (OGD) Platform, the Cyber Crisis Management Plan (CCMP), and the Digital Internship Programme 2.0. Prerna Puri, the Commissioner Secretary for Information Technology, spoke at the event and told the audience that this year the Department is accepting a batch of 17 interns for training under the "Digital Internship Programme 2.0." She said that the program's goal is to increase participants' ability to comprehend how government services and procedures operate more clearly. [caption id="attachment_3181" align="alignnone" width="300"] CS reviews the progress of IT initiatives[/caption]
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