PM Modi Live Updates: India enters a new faceless tax regime

PM Modi Live Updates: India enters a new faceless tax regime

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Whatever misunderstanding occurred in the party in last one month, we need to forgive & forget in the interest of the country, state, people and democracy

– Ashok Gehlot, Rajasthan Chief Minister & Congress leader

Number of unemployed people in Australia exceeds 1 million for first time

  • The number of unemployed people in Australia has increased by some 16,000 between June and July, and has surpassed 1 million for the first time on record, head of the Labour Statistics at the Australian Bureau of Statistics (ABS) Bjorn Jarvis said on Thursday.
  • The unemployment in Australia is increasing amid the ongoing COVID-19 pandemic.
  • “The number of unemployed people rose by nearly 16,000 between June and July. For the first time, there were more than one million people out of work, available to work and actively looking for work,” Jarvis said, as quoted by the ABS.

Ram temple trust chief Nritya Gopal Das tests positive for coronavirus

Deposit Rs 50L environment damage compensation with DPCC: HC to DDA

  • The Delhi High Court has directed land owning agency, DDA, to deposit with pollution control body, DPCC, the environment damage compensation of Rs 50 lakh imposed on it for alleged water contamination of storm water drains on the Samalkha-Dwarka Road here.
  • Justice Navin Chawla directed the Delhi Development Authority (DDA) to deposit the amount with the Delhi Pollution Control Committee (DPCC) within two weeks from August 10 and added that the deposit would be subject to outcome of the plea moved by the land owning agency against the environment damage compensation imposed on it.
  • The court also issued notice to DPCC, represented by Biraja Mahapatra, and sought its stand on the DDA’s plea within four weeks.

Rhea Chakraborty, Bihar govt file written submissions in SC

  • Bollywood actress Rhea Chakraborty and the Bihar government filed their written submissions in the Supreme Court on Thursday on Chakraborty’s plea seeking to transfer an FIR lodged against her in Patna in connection with actor Sushant Singh Rajput’s death to Mumbai.
  • Seeking the dismissal of Chakraborty’s petition, the Bihar government, in its written submissions filed through advocate Keshav Mohan, said, “No impediment would deserve to be allowed to come in the way of CBI to undertake and complete the investigation expeditiously.”
  • In her written submission, Chakraborty said the transfer of the probe to the Centreal Bureau of Investigation (CBI) at the behest of the Bihar police was without jurisdiction.

Tax regime recap

What’s new?

  • Faceless assessment
  • Faceless appeal
  • Tax payers’ charter

What’s behind these changes?

  • Policy-driven governance
  • Belief in people’s honesty
  • Use of advanced technology
  • Efficiency in bureaucracy

In the past 6 years, India has witnessed the evolution of a new governance model in tax administration. We have decreased – complexity, taxes, litigation, and increased – transparency, tax compliance, and trust on the taxpayer

– PM Modi

Apart from issues related to taxation, appeals will also be faceless. The taxpayer charter is an important step in India’s development.

– PM Modi

Right now, the tax department of the city we live in handles everything. Now this is over. With technology, matters of scrutiny will be assigned to IT department officials randomly. The computer will decide it. This will keep changing constantly.

Says PM Modi

The emphasis is on making every rule-law, policy people-centric and public friendly. This is the use of the new governance model and the country is getting its results

– PM Modi

There was a time when we used to talk about reforms. Decisions were taken in desperation or under pressure, and they were called reforms.

– PM Modi

Earlier, our focus has been on banking the unbanked, securing the unsecured, funding the unfunded. Today, we are launching Honouring the Honest.

– PM Modi

Faceless assessment, Faceless appeal, taxpayer charter apply from today. Faceless appeal will be applicable from Sept 25th

Says PM Modi

The discussion about structural reforms in the country is on a new level now.

– PM Modi

The department is helping taxpayers to be able to understand how to fill pre-filled tax forms. The new platform aims to ease compliance burden, fair objective fair system.

– Finance Minister Nirmala Sitharaman

Today is a landmark day in the history of taxation. Our mission is to empower taxpayers, provide transparent system and honour honest taxpayer. CBDT has given a framework and put in place a system. A transparent, efficient accountable taxation is what the platform brings in. It uses tech, AI, data analytics.

– Finance Minister Nirmala Sitharaman

Zydus Cadila launches COVID-19 drug Remdesivir in India

  • Drug firm Zydus Cadila on Thursday said it has launched Remdesivir under the brand name Remdac, used to treat patients suffering from severe symptoms of COVID-19, in the Indian market.
  • Priced at Rs 2,800 per 100 mg vial, Remdac is the most economical Remdesivir brand in India, Zydus Cadila said in a regulatory filing.
  • The company said the drug will be made available across India through the group’s strong distribution chain reaching out to government and private hospitals treating COVID-19 patients

India reports almost 70,000 new cases

  • The country reported 66,999 cases and 942 deaths in the last 24 hours.
  • The tally rose to 23,96,638 including 6,53,622 active cases, 16,95,982 discharged & 47,033 deaths.

Army Hospital updates on Pranab Mukherjee’s condition

  • The condition of Hon’ble Shri Pranab Mukherjee remains unchanged this morning. He is deeply comatose with stable vital parameters and he continues to be on ventilatory support.

Pranab Mukherjee’s son dismisses rumours

Continuous overnight rains drench Delhi, more likely

  • A spell of continuous rain drenched Delhi on Thursday, inundating parts of the city, and more is in store, the India Meteorological Department (IMD) said.
  • According to the IMD, the Palam observatory recorded 86 mm rainfall till 5:30 am and the Safdarjung weather station gauged 42.4 mm rainfall.
  • Rainfall recorded below 15 mm is considered light, between 15 and 64.5 mm is moderate and above 64.5 mm is heavy, according to the IMD.

Israel launches fresh strikes on Hamas targets in Gaza

  • Israel’s military said Thursday it had carried out fresh overnight strikes on Hamas targets in the Gaza Strip, in response to incendiary balloons launched across the border from the Palestinian enclave.
  • The latest round of hostilities has seen firebombs attached to bunches of balloons floating into Israel, setting scrubland ablaze. Sometimes kites are used in the makeshift attacks.
  • In response, Israel has closed a goods crossing with Gaza and slashed the territory’s permitted coastal fishing zone, as well as launching air strikes on sites owned by the enclave’s Islamist rulers Hamas.

PM Modi to launch platform for ‘Transparent Taxation – Honoring the Honest’ today

  • Prime Minister Narendra Modi will launch the platform for “Transparent Taxation – Honoring the Honest” via video conferencing on Thursday (today) at 11 AM.
  • According to a release of Prime Minister’s Office (PMO), the Central Board of Direct Taxes (CBDT) has carried out several major tax reforms in direct taxes in recent years.
  • Last year, the Corporate Tax rates were reduced from 30 per cent to 22 per cent and for new manufacturing units, the rates were reduced to 15 per cent. Dividend distribution tax was also abolished.

Florida sheriff bans face masks among officers

  • A Florida sheriff ordered his officers to not wear face masks — and banned the safety gear from his office — even as the southern US state has hit record daily coronavirus death tolls.
  • Sheriff Billy Woods, of central Florida’s Marion County, emailed deputies Tuesday to tell them of the new mask prohibition, according to local paper the Ocala Star Banner, citing the message.
  • “My order will stand as is when you are on-duty/working as my employee and representing my Office – masks will not be worn,” the email read.

After Bengaluru violence, Hyderabad CP alerts officials to monitor derogatory social media posts

  • In the wake of the Bengaluru violence, Hyderabad Commissioner of Police (CP) Anjani Kumar alerted officers and the City Police’s social media unit to monitor and update senior officers on any derogatory posts.
  • Kumar held a video conference with all senior police officers following the violence in Bengaluru.
  • “In case of any exigency, the response time should be less than 10 minutes to reach the spot,” he said, adding that all senior officers should arrive at the spot and utilise all available resources to keep the situation under control and peaceful.

23 companies attend Railways’ meet for running private trains

  • A total of 23 companies, including some PSUs shown interest in operating private trains in the country as they participated in the second pre-application conference for Public-Private Partnership (PPP) in passenger trains project organised by the Ministry of Railways on Wednesday.
  • In the meeting, which was held virtually, Railway Board Members along with NITI Ayog officials answered the queries raised by the private players during the pre-bid meeting.

Assam govt has announced a scheme under which a family will get approx Rs 1000 per month for daily needs. But the family has to nominate a woman; male members are not entitled to the benefit. We’re going to cover 17 lakhs families under this scheme: State Minister HB Sarma

Delhi sees waterlogging

Wind and solar power at record high in 2020, coal dips: analysis

  • Wind and solar produced a record 10 percent of global electricity in the first half of 2020 as the world’s coal plant fleet ran at less than half its capacity, analysis published Thursday showed.
  • Despite a near-record drop in power demand due to the pandemic, renewables accounted for 1,129 terawatt-hours in January-June, compared with 992 in the first six months of 2019, according to a report by the Ember energy think tank.
  • Overall, the percentage of power drawn from wind and solar has more than doubled from 4.6 percent in 2015 — the year of the landmark Paris deal on climate change.

Biden raises USD 26M in 24 hours after VP announcement

  • Joe Biden raised USD 26 million for his presidential campaign in the 24 hours that followed his announcement that California Senator Kamala Harris would be his running mate.
  • Biden’s campaign said Wednesday that the sum more than doubled the campaign’s previous record. It also received contributions from more than 150,000 new donors.
  • Harris is expected to play a prominent role in fundraising for the campaign.

No human pyramids in Mumbai’s ‘Lord Krishna’ festival due to coronavirus

  • There were no human pyramids in Mumbai’s Janmashtami festival celebrating Lord Krishna on Wednesday, which normally attracts thousands onto the streets, due to a surge in coronavirus in India, with more than 60,000 cases reported in 24 hours.
  • “This year, the celebration will be symbolic,” said Ram Kadam, a state lawmaker who organises one such celebration in Mumbai.
  • “We will just have posters cheering on doctors and nurses, and will pray to the Lord to help us overcome this pandemic.

Mainland China reports 19 new cases

  • China reported 19 new coronavirus cases on the mainland on Aug. 12, down from 25 on the previous day, the country’s health authority said on Thursday.
  • The National Health Commission said in its daily bulletin that 11 of the new cases were imported, versus 16 a day earlier.
  • It also said 20 new asymptomatic coronavirus cases had been found on Wednesday, the same as the day before.





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