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Italian police seize Maradona’s diamond studs
Rome, Sep 19 (ANI): Beleaguered football legend Diego Maradona had to hand over his diamond studs to police as part payment for the millions he owes the Italian tax authorities.
Italian officials paid the holidaying Argentinean coach a visit at the luxury hotel he was staying in and seized [...]
Himachal Pradesh Govt. moves to produce IT friendly business landscape
New Delhi, Sep.18 (ANI): Recognizing the enormous potential of Information Technology in acting as a catalyst for the Tier – II growth of Suburban India, The Government of Himachal Pradesh (GoHP) is moving to produce an IT friendly business landscape.
To close the technological gap [...]
Income tax officials seize jewellery worth millions in Jaipur
Jaipur, Sep 9(ANI): Income tax officials on late Tuesday seized jewellery worth Rs 93 lakhs during a raid on the office of a private locker agency in Ganpati Plaza complex in Jaipur.
During the raid, IT officials found the jewellery, 1000 dollars in cash and some papers.
“In one [...]
FM to inaugurate annual Conference of Chief Commissioners and Directors General of Customs and Central Excise
New Delhi, Sep.9 (ANI): Finance Minister Pranab Mukherjee will inaugurate the two-day All India Annual Conference of the Chief Commissioners and Directors General of Customs and Central Excise here today.
The Conference is being organized by the Central Board of Excise and Customs, Department of Revenue, Ministry of Finance from September 8 to 9 in [...]
Uncle Sam serves up tax bill to Philippoussis
Melbourne, Sep.6 (ANI): Tennis ace Mark Philippoussis is being chased by the US taxman and has sold his Williamstown family home to avoid having it repossessed.
It has now emerged that the US Internal Revenue Service has pursued the Scud for about 1.4 million dollars during the past decade.
US records show the IRS still wants [...]
Pakistan’s 11.3 billion-dollar IMF loan in danger
Islamabad, Sep. 5 (ANI): The 11.3 billion-dollar-loan that International Monetary Fund (IMF) was going to grant Pakistan, faces the risk of disruption if the country fails to reform its tax collection system.
The 7.6 billion dollar IMF loan, agreed late last year, and raised subsequently to 11.3 billion dollars, helped Pakistan avoid a default on [...]
Kashmir tax on poultry produce from other states helps local farmers
Srinagar, Sep 4 (ANI): With an objective to improve the condition of local poultry farmers, the Jammu and Kashmir Government has imposed tax duties on poultry products being brought in from other [...]
Kerry Katona ‘asks police for help over missing millions’
London, Sept 3 (ANI): Bankrupt Kerry Katona has turned to police to find her missing bucks, it has emerged.
According to reports, Katona had filed a complaint at Wilmslow police station in Cheshire.
The Mirror quoted a source as saying: “Kerry is determined to get to the bottom of where her money has gone. She believes that [...]
Macca says The Beatles became victims of success
Washington, Sep 2 (ANI): Brit singer Sir Paul McCartney has in an exclusive interview spoken out about the final days of ‘The Beatles’, and insisted that the group became victims of their own success when businessman Allen Klein took over their financial affairs.
According to music magazine Mojo, McCartney said that he and his bandmates struggled [...]
Tata Motors suffer Q1 loss, but confident of improvement
Mumbai, Sep 1 (ANI): Tata Motors, India’s largest vehicle maker have posted a consolidated loss for its fiscal first quarter, but remained confident about the prospects of its loss-making Jaguar and Land Rover (JLR) unit.
This was disclosed by the C Ramakrishnan, Chief Financial Officer at a press conference that was also addressed [...]
First round of Indo-Swiss talks on black money to be held in December
New Delhi, Aug. 31 (ANI): The first round of consultations between New Delhi and the Swiss Government on tracing the black money deposited in tax havens in that country will be held in December.
However, there is no guarantee of prosecution of offenders on [...]
Rajasthan Government demands lion’s share in Cairn project
Barmer (Rajasthan), Aug.29 (ANI): The Government of Rajasthan on Saturday demanded a lion’s share of the value added tax (VAT) that would be generated from the extraction of crude oil from the Mangala Processing Terminal ( MPT) here.
According to sources, the issue will be settled later when state government [...]
Anand Sharma unveils foreign trade policy
New Delhi, Aug 27 (ANI): Union Commerce and Industry Minister Anand Sharma on Thursday announced a new foreign policy for the next five years which aims at an export target for 2010-11.
He said that the duty refund scheme will continue till December 2010, while income tax holiday for export-oriented units will be there for one [...]
By 2015, 2 million people would die annually from tobacco-induced cancers
Washington, Aug 26 (ANI): By 2015, at least 2.1 million people will die each year because of tobacco-induced cancers, revealed The Tobacco Atlas, Third Edition.
Published by the American Cancer Society and World Lung Foundation, the Atlas has estimated that tobacco use kills some six million people each year (more than a third of whom will [...]
India will look into the Swiss banks rejection to disclose details: Mukherjee
New Delhi, Aug 24 (ANI): Union Finance Minster Pranab Mukherjee on Monday said the Indian Government will look into the matter of Swiss banks rejection to hand over details of the Indian clients.
Speaking to newsmen before entering his North Block office Mukherjee said, “What can I comment? I will look into the matter and discuss [...]
Kerry Katona ‘used kids’ maintenance cash to fund cocaine habit’
London, Aug 20 (ANI): Kerry Katona uses maintenance funds sent by ex-husband Brian McFadden for their daughters to fund her cocaine habit, it has emerged.
McFadden pays 2,100 pounds per month for daughters, Molly aged seven, and one year younger Lilly Sue.
The ex-Atomic Kitten stooped to dipping into the child maintenance to fund the drugs she [...]
Government to adopt new norms to nail corporate frauds
New Delhi, Aug 19 (ANI): After failing to detect the Satyam Computer scam, the Ministry of Corporate Affairs is reportedly planning to adopt new norms to nail corporate frauds.
The proposed system would include sending out alert signals if discrepancies are found in company books.
Adverse remarks from auditors and changing auditors more than once in [...]
Pak ambassador to Washington on tax defaulters list
Washington, Aug. 9 (ANI): A list released by the local government of Washington, D.C. has placed Pakistan’s Ambassador Husain Haqqani among tax defaulters for failing to pay tax on an apartment he owned in the US capital.
A notice issued by the deputy chief financial officer of the District of Columbia government said that if Haqqani [...]
Modern woodstoves 95 percent more efficient than their predecessors
Washington, July 15 (ANI): In a case study, a scientist has found that modern woodstoves, with the advanced secondary combustion systems, are now 95 percent more efficient than their predecessors.
The case study on the benefits of woodstoves, was done [...]
Why minor neuromuscular damage can affect one’s ability to complete everyday tasks
Washington, July 9 (ANI): In what may help understand why minor damage to the neuromuscular system can at times profoundly affect one’s ability to complete everyday tasks, scientists have found that activities combining movement and force tax the brain to capacity, countering a long-held belief that difficulty with dexterous tasks results from the limits of [...]
