Overview

Black Money: Govt raises Rs 35,104 crore tax demand and penalty in 10 years

Black Money: Govt raises Rs 35,104 crore tax demand and penalty in 10 years

The government has raised a tax demand of Rs 21,719 crore as a result of assessments completed under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (during July 1, 2015 to March 31, 2025), the Parliament was informed on Tuesday.

In addition, demand of Rs 13,385 crore has been raised (till March 31, 2025) on account of penalties imposed under various sections of Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, Minister of State for Finance, Pankaj Chaudhary, told the Rajya Sabha in a written reply to a question.

"Notably, from 01.07.2015 to 31.03.2025, recovery of Rs 338 crore has been made against tax, penalty and interest demand raised under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. However, since collections are not mapped to specific countries or types of foreign holdings, separate data for recoveries related to Swiss deposits or foreign accounts is not maintained," he said.

India deserves to know who is behind intelligence failures, says Akhilesh Yadav

India deserves to know who is behind intelligence failures, says Akhilesh Yadav

Samajwadi Party (SP) chief and Lok Sabha MP Akhilesh Yadav on Tuesday demanded answers from the Centre regarding the security lapse during the Pahalgam terror attack and questioned who would be responsible for the intelligence failure.

Speaking during the Operation Sindoor debate in the Lok Sabha, Yadav said that the country deserves to know who is behind the intelligence failure that led to major terror attacks, including Pulwama and Pahalgam.

"It is unfortunate that even after several years of Independence, such matters (terrorism) concern us. This is not about the ruling and the Opposition but about the security of the country. Why don't we make a strategy to secure our borders once and for all? However, the Pahalgam incident has proved that negligence can claim innocent lives," he said.

Rains to continue in south Bengal for next two days

Rains to continue in south Bengal for next two days

Due to a cyclonic circulation over Bangladesh, Kolkata and several districts in south Bengal might receive scattered rains till Thursday, with a heavy spell of showers likely to occur in some places.

According to the Regional Meteorological Centre in Kolkata's Alipore, heavy rains are likely to occur in the districts of South 24 Parganas, North 24 Parganas, Nadia, Purulia, Bankura, East Burdwan, and West Burdwan.

Meanwhile, scattered rains are likely to continue throughout the day in the remaining districts of South Bengal. The city of Kolkata will experience scattered rains for the next two days.

On Wednesday, heavy rain has been forecast over districts of South 24 Parganas, Howrah, Hooghly, East Burdwan, West Burdwan, Nadia, Murshidabad, and western districts like Purulia, Bankura, West Midnapore, and Jhargram.

Cambodia reports 14th human case of H5N1 bird flu in 2025

Cambodia reports 14th human case of H5N1 bird flu in 2025

A 26-year-old man from northwest Cambodia's Siem Reap province has been confirmed positive for H5N1 human avian influenza, raising the number of cases to 14 so far this year, the Ministry of Health said in a statement on Tuesday.

"A laboratory result from the National Institute of Public Health showed on July 26 that the man was positive for the H5N1 virus," the statement said.

"The patient has the symptoms of fever, cough, sore throat, stomach ache, and breathing difficulty, and is currently being treated by a team of doctors," it added.

The victim lives in Kravann village of Siem Reap city.

Why tobacco-style warnings on alcohol bottles can aid fight against cancer

Why tobacco-style warnings on alcohol bottles can aid fight against cancer

Adopting tobacco-style warning labels on alcohol bottles can be a key measure to prevent the rising burden of cancer in India, said experts on Tuesday.

A recent paper, published in the journal Frontiers in Public Health, called for strong, evidence-based warning labels on alcohol products, building on India’s success with tobacco warnings.

Alcohol, like tobacco, is a proven carcinogen linked to several cancers, including liver, breast and colon, yet awareness remains low.

“Cancer warning labels on alcohol bottles are a low-cost, high-impact intervention that can raise awareness, influence consumption habits, and prevent long-term health harm,” lead author Dr Abhishek Shankar, Assistant Professor, Department of Radiation Oncology at All India Institute of Medical Sciences, Delhi, told.

“With India having one of the fastest-growing alcohol markets and the largest adolescent population globally, adopting such preventive measures is not just necessary but urgent to protect our youth and reduce the nation’s growing burden of alcohol-related cancers,” the oncologist added.

Fatima Sana Shaikh calls R. Madhavan her ‘most favourite co-actor’

Fatima Sana Shaikh calls R. Madhavan her ‘most favourite co-actor’

Actress Fatima Sana Shaikh has heaped praise on her “Aap Jaisa Koi” co-star R. Madhavan, whom she tagged as the “most favourite co-actor” and “best guy ever.”

Fatima took to her Instagram, where she shared some of her cherished and fun moments with Madhavan from the sets of their romantic comedy drama film.

For the caption, she wrote: “Maddy & Fatty… My most favourite co-actor!!”

The actress then went on to thank Madhavan for making the entire shoot easy.

“Thank you for being so kind, generous, and for making this entire shoot feel easy and fun.”

She then thanked the star for “perfect filter coffees” and his mother’s “sambar masala recipe.”

Indian national killed in small plane crash in Canada's Newfoundland

Indian national killed in small plane crash in Canada's Newfoundland

One Indian national was killed in an air mishap involving a commercial survey aircraft in Canada's Newfoundland, the Consulate General of India in Toronto said in a statement on Tuesday.

A small plane crashed near an airport in Canada’s Deer Lake in Newfoundland on the evening of July 26, according to local media reports.

In this accident, an Indian national, Gautam Santhosh, was killed, the Indian Consulate General in Toronto said on Tuesday.

GCCs to contribute 2 pc of India’s GDP, likely to generate 2.8 million jobs by 2030

GCCs to contribute 2 pc of India’s GDP, likely to generate 2.8 million jobs by 2030

Global Capability Centres (GCCs) are forecast to contribute 2 per cent of India’s GDP and generate 2.8 million jobs by 2030, a report said on Tuesday.

GCCs in India have evolved from back-office support hubs to global value creators - now leading innovation, technological advancements, and research and development for global corporations, said ACCA (the Association of Chartered Certified Accountants) in its recent report.

These centres are boosting India’s economic growth by driving services exports and creating high-quality finance roles, and they play a key role in managing global operations and work closely with teams across the world.

A skilled workforce (especially tech-related), expansion into tier-II cities, favourable government policies and improving infrastructure are fuelling India’s rise as the world’s front office, the report highlighted.

In FY24, GCCs generated approximately $64.6 billion in export revenue, marking a significant 40 per cent increase from $46 billion in FY23.

Indian firm makes 3rd biggest deal in June as M&A activity slows down in Asia Pacific

Indian firm makes 3rd biggest deal in June as M&A activity slows down in Asia Pacific

Mergers and Acquisition (M&A) activity in Asia Pacific region fluctuated throughout the year, declining in June as dealmakers awaited clarity to emerge on global trade negotiations, a report said on Tuesday.

Meanwhile, the $1.39 billion acquisition of a minority stake in JB Chemicals & Pharmaceuticals by Torrent Pharmaceuticals in India was June's third-largest Asia Pacific deal, according to S&P Global Market Intelligence data. Two of India's deals made it to the list of the top 10 largest deals in June.

The aggregate value of M&A deals in the Asia Pacific region declined 21.3 per cent YoY to $28.87 billion in June.

However, the number of deals increased 13.2 per cent to 834. The decline came after a 57.4 per cent jump in May. On a month-over-month basis, the aggregate deal value fell 32.1 per cent in June, while the number of deals was up 12.2 per cent.

Fourteen crest gates of Nagarjuna Sagar dam lifted

Fourteen crest gates of Nagarjuna Sagar dam lifted

Fourteen crest gates of Nagarjuna Sagar dam across the Krishna River were lifted on Tuesday to release water downstream.

This is the first time in 18 years that the gates of the project have been opened in July.

The water from the dam is usually released in August. However, huge inflows from the Srisailam dam following heavy rain in upstream Maharashtra and Karnataka have almost filled the reservoir early this year.

Irrigation Minister Uttam Kumar Reddy and Minister for Scheduled Caste Development and Tribal Welfare Adluri Laxman Kumar oversaw the opening of 14 out of 26 crest gates to release water.

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