Indian

40,000 ITRs being filed daily on new portal, CBDT says as it fixes glitches

Jul 12, 2021

It said presently, about 8-10 lakh people are logging into the new portal and on an average 40,000 I-T Returns are being filed every day.

“The portal received more than 62 lakh Aadhaar-PAN linkage requests, about 4.87 lakh e-PANs were issued and 1.32 lakh DSC registration have been completed. Thee-proceeding functionality has been deployed for tax payers for faceless assessment and 24,781 responses have been received from taxpayers with 1.42 Lakh attachments till July 10, 2021,” it said.

CCEA clears LIC disinvestment; panel headed by FM to decide quantum of stake sale

Jul 12, 2021

“The Cabinet Committee for Economic Affairs last week cleared the proposal of initial public offering of LIC. The alternative mechanism on disinvestment will now decide on the quantum of stake to be divested by government,” the official said.

PM Modi says farm sector needs post-harvest revolution; govt impetus on scientific ecosystem

Jul 12, 2021

”With the ever-increasing agricultural production, there is a need for post-harvest revolution and value addition.We are striving relentlessly to intensify our speed and scale to achieve this. We have been taking comprehensive steps to get a complete solution, from irrigation to sowing, harvesting, and earnings that are technology-enabled,” Modi said in a message to commemorate the National Bank for Agriculture and Rural Development’s foundation day.

UP CM terms rising population ‘hurdle in development’, unveils policy to stabilise it

Jul 12, 2021

Besides seeking to achieve population stabilisation and reduce preventable maternal and infant deaths, the UP Population Policy also aims at preventing the death of children under the age of 5 years and improving their nutritional condition.

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International

Financial world’s blockchain euphoria gives way to pragmatism as projects stall

Jul 17, 2019

The euphoria that surrounded the early days of Wall Street’s interest in blockchain is giving way to pragmatism, as companies realize that it will likely take years before it takes off in a substantial way.

EU braces for No-Deal Brexit if Johnson becomes UK Prime Minister

Jul 16, 2019

A no-deal Brexit could tip Britain into recession, undermine sluggish euro zone growth and weaken London’s claim to be the world’s pre-eminent international financial center.

7.3 magnitude earthquake rattles Indonesia’s Malaku Island

Jul 15, 2019

There were no immediate reports of casualties or damage to the property as a result of the quake. No Tsunami warning has been issued.
Indonesia is highly susceptible to earthquakes and tsunamis as it lies in the highly seismic ‘Ring of Fire’, an area in the basin of the Pacific Ocean.

Facebook to pay $5 billion fine for privacy violations

Jul 13, 2019

FTC initiated the investigation after a scandal involving former British consulting firm Cambridge Analytica, which was accused of illegally accessing data of more than 87 million Facebook users without their prior knowledge. FTC investigated whether Facebook’s data sharing with the British firm violated a 2011 consent agreement signed between Facebook and the regulator.

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