Union Budget 2015 Black Money Law Violation to Attract Rigorous Imprisonment of

first_imgMincing no words on the black money issue, finance minister Arun Jaitley articulated the non-compromising position being held by Prime Minister Narendra Modi’s government.The following measures were tabled on the floor of the Parliament:Discussions with the Swiss authorities continue and the Narendra Modi government is committed to go after concealment of income and foreign asset ownership in violation of stated principles.A new comprehensive law is to be tabled with proposals that extend to rigorous imprisonment of various durations for income concealment and holding of funds in offshore accounts illegally.The law will also introduce non-compoundable imprisonment and non-settlement clauses, in its bid to persuade people to pay the rightful amount of tax.Even in the case of non-filling of returns over foreign ownership of property and funds, a rigorous imprisonment of 7 years would become the punishment mechanism.The Foreign Exchange Management Act (FEMA) will be amended.Benami ownership risks confistication, especially in real estate.The Finance Bill will also be amended to cover land ownership transactions.last_img

Sanitary Commission Hosts Business Meeting

first_imgThe Washington Suburban Sanitary Commission is sponsoring a meeting for small, local, minority, business owners at 14501 Sweitzer Lane from 10 a.m. – 12:30 p.m. on Oct. 22. The meeting will discuss disparities in the local business markets, and information to help business owners benefit from upcoming, business contracts. The event is open and free to the public. For more information contact wsscstudy@wsscwater.com or call 301-206-880.last_img

Happy concert for underprivileged children

first_imgWhile everyone is busy with Diwali preparation, there are many less fortunate children who are deprived of celebrating and sharing the joy of the festival. And even though there are myriad organisations working towards their well-being, food and shelter, only a few go beyond their way for the underprivileged children’s happiness. Music can be a vessel for good as it creates happiness in everyone’s lives. It is like a stress buster and increases the happiness quotient in a person’s life. Keeping this in mind, this Diwali, The Artiste Foundation (TAF) and Musical Dreams have started an initiative to spread the festive cheer and happiness amongst the underprivileged with a “Happy Concert”. Team TAF and young artists of Musical Dreams Shruti Dhasmana (singer) and Ram Nepali (Guitarist) visited a school for underprivileged children, Naya Prayas at Bhatti Mines where the artists performed for children on various Bollywood songs. Also Read – Add new books to your shelfMeeta Nagpal, founder of TAF said, “Entertainment and music is everyone’s need. We perform for people of all walks of life. We realized that the less privileged people have limited options for entertainment due to scarce resources. With Diwali round the corner, we thought it as the best time to spread joy and happiness to these kids. Our motive to do these concerts is solely to spread happiness. Their claps, smiling faces and dancing moves encourage us to spread happiness in whatever way we can. This is our little contribution towards the society.” Also Read – Over 2 hours screen time daily will make your kids impulsiveSinger Shruti Dhasmana who along with Ram Nepali performed at the occasion shared, “I have performed at various national and international concerts in front of different sets of audience. This was my first time when I was performing in front of underprivileged kids and I must say this is amongst my most memorable performances so far. After performing here I have realized that money can’t buy you happiness and the love which I have received”.last_img

State govt to build 83 lakh houses for the rural poor

first_imgKolkata: The state government has decided to construct 8.30 lakh houses for poorpeople living in the rural areas, under the Banglar Bari project. The houses will be constructed in the current financial year. In the 2018-19 financial year, 5.86 lakh houses have been built under the project, while in the current financial year, another 2.50 lakh houses will be set up. The houses will be built by the Panchayat and Rural Development department. The district magistrates have been asked to prepare a list of beneficiaries. The Central government will bear 60% of the cost, while 40% cost will be borne by the state government. The toilets will be constructed under Mission Nirmal Bangla project. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataThe area of the houses will be 25 sq metres. There will be one room, a kitchen, a balcony and a toilet in each. It has been decided that in Jangalmahal, the beneficiaries will get Rs 1.30 lakh while their counterparts in other areas will get Rs 1.20 lakh. It may be mentioned that stress has been given on eight districts in this regard, namely South and North 24-Parganas, East and West Midnapore, Howrah, Hooghly, Murshidabad and East Burdwan. The ministry of Rural Development has increased the financial allotment in the current financial year, on the basis of the good performance of the state government in the last financial year. Chief Minister Mamata Banerjee has instructed that every house will bear the Banglar Bari tag. Under the project, the beneficiaries can decorate the houses on their own. A similar project for the urban poor has also been taken up. Around 8 lakh people living in the city and suburbs will be brought under the scheme. Around Rs 3.75 lakh will be allotted to construct each house under the project.last_img