Here’s how new capital gain proposal helps investors save tax

New Delhi, July 24 2024-

The proposal to remove indexation benefit in the long-term capital gain calculation in the Union Budget 2024-25 will ultimately be beneficial to investors, the Centre has said

As Finance Minister Nirmala Sitharaman’s proposal sparks debate, Revenue Secretary Sanjay Malhotra during a media interaction explained how it is beneficial to investors.

Malhotra said, “If a person had purchased a property for Rs 20 lakh in 2005 and that property is sold for Rs 2 crore today and if indexation is included, then the capital gain on it would be around Rs 1.40 crore. If a 20 per cent long-term capital gains tax is imposed on this, the tax would be around Rs 28 lakh. As per the new proposal, the total capital gain on this transaction will be around Rs 1.80 crore. Now long-term capital gains tax is imposed at 12.5 per cent, and a total tax of Rs 22.5 lakh will have to be paid.”

He further said that the government has removed indexation, and long-term capital gain on the property has been reduced from 20 per cent to 12.5 per cent. Most people will benefit from this, he said.

The government has given big relief in personal income tax in the Budget that was presented in Parliament on Tuesday. The tax has been reduced to 10 per cent on income of up to Rs 10 lakh. The standard deduction has been increased to Rs 75,000, which was earlier Rs 50,000. (Agency)

18 killed as plane crashes in Nepal

Kathmandu, July 24 2024-

Eighteen people were killed after a plane crashed during take-off at the Tribhuvan International Airport (TIA) in Kathmandu on Wednesday, local media reported.

The incident occurred around 11 a.m. when the Pokhara-bound plane of Saurya Airlines crashed shortly after taking off from the runway, TIA spokesperson Premnath Thakur said, The Kathmandu Post reported.

Of the 19 on board the plane, 18 bodies have been recovered, Civil Aviation Authority of Nepal (CAAN) said.

Plane’s Captain Manish Shakya was rescued and rushed to hospital, according to the police, The Himalayan Times reported.

Eyewitnesses said shortly after take-off, the plane plunged to the ground and exploded in a ball of fire.

Firefighters, Nepal Police, and Nepali Army are conducting the rescue operation.

Details are awaited. (Agency)

Delhi court issues summons to YouTuber Dhruv Rathee in defamation suit

New Delhi, July 24 2024-

A Delhi court has issued summons to YouTuber Dhruv Rathee in a defamation suit filed by BJP leader Suresh Karamshi Nakhua.

Nakhua, an official spokesperson of BJP Mumbai, sought Rs 20 lakh in damages from Rathee for referring to him as a part of “violent and abusive trolls” in a video posted on YouTube.

Issuing notice to Rathee, social media platform X and Google, District Judge Gunjan Gupta of the Saket Court posted the matter for further hearing on August 6.

In his suit, the BJP leader said that false accusations made by Rathee on cyber space have caused irreparable loss of his personal and professional reputation and led to his defamation.

Rathee, in the alleged defamatory video, claimed that the Prime Minister had hosted violent and abusive trolls like Nakhua and others at his official residence. (Agency)

Mamata likely to meet PM Modi during her Delhi visit

Kolkata, July 24 2024-

West Bengal Chief Minister Mamata Banerjee is seeking a meeting with Prime Minister Narendra Modi during her three-day visit to Delhi from Thursday.

Insiders within the state secretary said that a communique on this count has been forwarded from the office of the Chief Minister to the Prime Minister’s Office (PMO) seeking the time for an appointment.

Sources further said that the main agenda of the proposed meeting with the Prime Minister will be to discuss the pending Central dues to the state government under various centrally-sponsored schemes.

On Tuesday, while giving her reactions on the Union Budget proposals for 2024-25, the Chief Minister said that the West Bengal government is yet to get Rs 1.75 lakh crore from the Centre under different centrally-sponsored schemes.

As per the schedule of the Chief Minister, she is supposed to leave for the national capital on Thursday and during that visit, she might also attend the Niti Aayog Governing Council meeting scheduled on June 27 which will be presided over by the Prime Minister.

The Chief Ministers from all states have been invited to the meeting.

Trinamool Congress insiders said that during the three-day visit to the national capital, the Chief Minister might also hold meetings with the elected party representatives in the Lok Sabha and Rajya Sabha and finalize the party’s strategy in Parliament in the coming days.

However, there is no confirmation as yet on whether Mamata Banerjee, during her visit, will meet leaders of other parties in the opposition INDIA bloc or any chief minister from any non-BJP ruled state who might also be in Delhi to attend the Niti Aayog Governing Council meeting. (Agency)

Suhana Khan, Agastya Nanda dine with Abhishek Bachchan & Navya in Mumbai

Mumbai, July 24 2024-

Actress Suhana Khan, who will next be seen with her father and Bollywood icon Shah Rukh Khan in the upcoming film ‘King’, stepped out for a dinner date with her rumoured boyfriend and her debut film ‘The Archies’ co-star Agastya Nanda in the city.

The two were joined by Agastya’s sister Navya Naveli Nanda, and his uncle Abhishek Bachchan. A video shared by a paparazzi on Instagram shows all of them exiting a building and getting inside a car as it rained.

All of them were dressed for the occasion. While Suhana opted for a floral dress and heels, Agastya wore a black T-shirt, denim pants and sneakers. Navya donned a pink shirt, denim pants and slip-ons. Abhishek was seen in a casual black sweatshirt, trousers and white shoes.

In another clip, Abhishek was seen at the steering wheel as he drove the car with Agastya sitting next to him.

Suhana and Agastya made their foray in films with the musical comedy ‘The Archies’, directed by Zoya Akhtar. The Netflix movie also starred Khushi Kapoor, Vedang Raina, Mihir Ahuja, Dot and Yuvraj Menda. The film is a live-action adaptation of ‘The Archies’, a fictional rock band that appeared in the 1960’s animated cartoon, ‘The Archie Show’. The film was dubbed a disaster with critics unanimously panning the film. (Agency)

Iulia Vantur says she likes to indulge in biryani, homemade sweets on her birthday

Mumbai, July 24 2024-

Actress-singer Iulia Vantur, who is celebrating her birthday on Wednesday, has shared that she likes to indulge in biryani and homemade sweets on her special day.

The actress told IANS that for her, celebrating her birthday with family and friends is a cherished tradition.

She said: “Their love and support mean the world to me, making every moment unforgettable. I love enjoying my favourite Indian cuisine, especially indulging in biryani and homemade sweets, and simply being at home with my loved ones.”

She further mentioned that these intimate gatherings fill her heart with joy and remind her of what truly matters.

“We always end up singing and dancing, making music together, and creating beautiful memories. These moments make my day so special. Here’s to more beautiful moments together,” she added.

Recently, Iulia performed along with international stars Jason Derulo and Shae Gill in Dubai at the Coca-Cola Arena. The actress had earlier shared with IANS that when she went for AP Dhillon’s rehearsals at the Coca-Cola Arena, in Dubai, she wrote in the air, ‘One day I will perform here, signed Iulia Vantur’. Her good friends witnessed this and soon, she received a call telling her “See, it’s happening.”

She performed for Earth Soul Festival at Coca-Cola Arena, the first eco-conscious festival in Dubai, last month. (Agency)

RTI applicant has no locus in penalty proceedings against officer, says Delhi HC

New Delhi, July 24 2024-

An RTI applicant has no locus standi in penalty proceedings initiated against a public information officer (PIO) for denying or furnishing incorrect information, ruled the Delhi High Court.

“The formation of opinion under Section 20(2) of the RTI Act (regarding the imposition of penalties) is in the exercise of supervisory powers of CIC and not in the exercise of the adjudicatory powers. This Court is also of the view that the information seeker has no locus standi in penalty proceedings under Section 20 of the RTI Act,” observed a bench presided over by Acting Chief Justice Manmohan.

The Bench, also comprising Justice Tushar Rao Gedela, was considering an appeal filed against a decision rendered by a single-judge bench, which had dismissed the plea of the appellant seeking imposition of penalty on the concerned officials for furnishing incorrect replies to his application made under the Right to Information (RTI) Act.

The single-judge bench had rejected the appellant’s plea, saying that correct information had already been provided to him and departmental action had been initiated against the erring officials under the applicable service rules.

The appellant, appearing in person, contended that he not only provided a wrong reply but there was also an inordinate delay of three years in providing correct information.

The division bench ruled that the Central Information Commission (CIC) was well entitled in its discretion not to direct imposition of monetary penalty, especially, when the information sought by the appellant had been directed to be provided to him. (Agency)

With a new poster, ‘Phir Aayi Hasseen Dillruba’ trailer set to launch tomorrow

Mumbai, July 24 2024-

Excitement is brewing as the makers of ‘Phir Aayi Hasseen Dillruba’ have dropped a captivating new poster and confirmed the imminent release of its trailer.

Colour Yellow Productions, in collaboration with T-Series, unveiled the poster on their official social media handle, teasing fans with the caption: “Pyaar ka dariya ek, lekin kinaare hain do, Phir Aayi Hasseen Dillruba, trailer out tomorrow! #PhirAayiHasseenDillrubaOnNetflix #ColourYellowProductions @TSeries @jaypraddesai @KanikaDhillon @taapsee @VikrantMassey #SunnyKaushal @jimmysheirgill @aanandlrai #HimanshuSharma #BhushanKumar #KrishanKumar #ShivChanana @NetflixIndia.”

Directed by Jayprad Desai and penned by Kanika Dhillon, ‘Phir Aayi Hasseen Dillruba’ serves as a sequel to the 2021 hit film ‘Haseen Dillruba’. The movie is set to continue the intriguing narrative with its cast featuring Taapsee Pannu, Vikrant Massey, and Sunny Kaushal in pivotal roles.

Scheduled to premiere exclusively on Netflix on August 9, 2024, the film promises to deliver another dose of romance, suspense, and unexpected twists. Fans eagerly await the trailer release on Thursday, anticipating deeper insights into the storyline and the characters’ journeys.

As anticipation mounts, ‘Phir Aayi Hasseen Dillruba’ aims to captivate audiences once again with its blend of engaging storytelling, strong performances, and the creative vision of its team. (Agency)

She’s in really good place: US gymnast technical lead not concerned about Biles’ preparation for Paris

Paris, July 24 2024-

US Olympic gymnastics technical lead Chellsie Memmel is not concerned about the most decorated gymnast Simone Biles’ preparation for the Paris Olympics and believes she has been “doing great” ahead of the Games.

Biles endured a tough time at the Tokyo Olympics in 2021 as she withdrew from a number of events due to mental health struggles. The 27-year-old took a two-year break from the sport after Tokyo Games.

Now, after a hiatus, she returned to action and is ready for her redemption at the 2024 Paris Olympics.

“Simone has been doing great. She’s been solid in training since Katy, Texas and seems to be in a really great place, she’s a great leader for this team, and together they are really looking forward to the competition. It is kind of their redemption tour,” Memmel was quoted by Eurosport.

Memmel made it clear they are trying not to put too much pressure on Biles at this forthcoming competition.

“We don’t say to her that she is keeping us all together, and we’re relying on you and you alone. I’ve had the conversation with (head coach) Cecile (Landi) already about team finals and what the expectation for Simone is,” said Memmel.

“If she doesn’t feel like it’s going to be in her best interest to do all four events that day, is that an option for her? Absolutely. If that’s what she needs to continue to be at her best for her team and for herself, that’s what we’re going to do because there are still four members on our team.

“I want them to get through this and be happy, healthy, and proud of what they accomplish no matter what the outcome is. I want them to be proud and to look back and say I’m so glad I had this experience,” she added.

Biles and the U.S. women’s first competition in Paris is set for 28 July 28. (Agency)

‘Still getting packed crowds & amazing viewership’: Brett Lee on playing in leagues post-retirement

New Delhi, July 24 2024-

Former Australian pacer Brett Lee feels it is exciting for a cricketer to continue playing cricket after retirement, and seeing the stands filled with crowds brings them immense happiness.

Brett Lee, former Indian bowler Irfan Pathan and former South African batter Hashim Amla spoke about their life after retirement from cricket and how they are giving back to the society.

Lee while speaking about the amazing viewership cricket gets, shared his insights in on the podcast series ‘180 Not Out’.

“Even when you hang up the boots and you’re not playing from a professional point of view, the chance to play in these leagues, post the age of 40, and still getting packed crowds, still getting amazing viewership on television, it is exciting for us, that there are still people who watch you,” Lee said.

Irfan Pathan, who also graced the podcast, said he always wanted to give back to cricket post retirement. “When I came to Jammu Kashmir cricket for two years, my contract was about … I don’t talk about money, but my contract was only 20% of the money I was getting with the Carribean Premiere League. I had a contract of Canadian Premiere League, on top of whatever the franchise will pick me, the league had promised me a certain amount. Canada Premiere League, T10 premiere league, in 2018, and one more league,” said Pathan.

“There were four leagues. Compared to that I was getting only 15-20% amount in JKCA, so it was not about money, I wanted to give something back to cricket, Indian cricket that too. So I am glad I took that decision and came to serve JK cricket, which helped not only me as a mentor, but overall Jammu & Kashmir cricket as well, and a lot of guys came up,” he added.

Meanwhile, Amla highlighted the increasing scope for commentary in modern cricket due to the extensive analysis involved. He also mentioned some of his favorite commentators.

“What I would say is that there is a greater scope for commentary now because there is so much analysis now and you need someone to explain the analysis. And if you can speak on TV like a 10 year old is watching, you reach a really huge market. I think that’s why I love some of the commentary that I enjoy,” said Amla.

“When I listen to them, I listen to parts that are very basic and there are technical parts that I as a former cricketer can really enjoy. Different commentators cater to different age groups. Danny Morrison for T20 … I love him, he’s so casual. Test Cricket you have Mark Nicholas, Michael Holding, and Michael Atherton as well, I’ve enjoyed listening to their analysis and they explain the game really well! They are catering to a variety of age groups,” he conculded. (Agency)