Citizens' Issues
About 300 trains come to a halt due to power failure

Due to the power failure, rail services in six zones such as the Northern Railway, North Central Railway, West Central Railway, East Central Railway, Eastern and South Eastern Railway have been badly hit

 

New Delhi: Nearly 300 trains came to a grinding halt at various places this afternoon due to failure of both the Northern and the Eastern grids covering close to 10 states, with movement on the busy Delhi-Howrah route almost paralysed, reports PTI.

 

According to Railways, services in six railway zones such as the Northern Railway, North Central Railway, West Central Railway, East Central Railway, Eastern and South Eastern Railway have been badly hit.

 

As per initial reports, the affected trains include scores of long distance trains, Rajdhani and Shatabdi expresses, as well as suburban trains, causing inconvenience to passengers.

 

Train services also came to a halt in Asansol, Sealdah, and Howrah divisions in West Bengal after failure of the Eastern grid.

 

The disruption comes barely within 24 hours of the collapse of Northern Grid which led to large-scale disruption of long distance trains, forcing railways to reschedule timings.

 

"Services from the earlier power failure had barely been restored when the Railways have once again been hit by another power failure," a Railway spokesperson said.

 

However, he said Railways is arranging power from other available sources to run the stranded trains. He said they have started getting power from Haryana to restore services.

 

Divisional Railway Managers and other technical staff of the various rail divisions have rushed to the control room to aid train operations.

 

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Sahara buys New York hotel for $570 million

The 105-year-old luxury hotel overlooking New York’s Central Park, is jointly owned by Elad Properties of Israel and Saudi-based Kingdom Holdings Company

 
The Sahara Group has reportedly agreed to buy a controlling stake in New York’s prestigious Plaza Hotel for $570 million, a media report quoting Elad Properties, an Israeli-owned real estate company said on Monday.
 
The 105-year-old luxury hotel overlooking New York’s Central Park, is jointly owned by Elad Properties and Saudi-based Kingdom Holdings Company.
 
Elad, controlled by Israeli businessman Yitzhak Tshuva, said it would receive 1.6 billion shekels ($400 million) for its 60% stake, while the Saudi firm will receive the rest.
 
Kingdom, the investment arm belonging to Saudi billionaire Prince Alwaleed bin Talal, will hold a 25% stake once the deal is completed, Elad said in a statement. The Israeli company added that Fairmont Hotels & Resorts Inc, which has managed the hotel since 1999 and which is owned by the Saudi prince, will continue to operate the property.
 
Mr Tshuva is said to have bought the hotel eight years ago for $675 million. According to media reports, Elad had offloaded luxury apartments in the renovated hotel for $1.5 billion. 
The Elad Group made a profit of $500 million on the sale of the apartments.
 
The Sahara Group owns the hotel “Sahara Star” in Mumbai, a 5-star hotel spread over 7.42 acres adjacent to the Chhattrapati Shivaji International Airport. The group also owns the Grosvenor House Hotel in London (UK).
 

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CBDT extends I-T returns filing date to 31st August

Due to power failure across Northern and Eastern states, the CBDT extended the due date for filing I-T returns to 31st August from 31st July

 
The Central Board of Direct Taxes (CBDT) has extended the due date for filing income tax (I-T) returns for assessment year 2012-13 to 31st August from 31st July. This means, you can file your I-T returns for FY2011-12 till 31st August.
 
CBDT, in a notification said, "On consideration of the reports of disturbance of general life caused due to failure of power, the CBDT in exercise of powers conferred under section 119 of the Income Tax Act, 1961, hereby extends the ‘due date’ of filing of returns of income for the Assessment Year 2012-13 to 31 August 2012".
 
Earlier, the CBDT made it e-fling mandatory for an individual or a Hindu Undivided Family (HUF) if his or its total income exceeds Rs10 lakh. E-filing for such assessees was optional till 2010-11.
 
The Income Tax Department had received a record 1.64 crore e-Returns in 2011-12 financial year.
 
Currently, 'Business Houses' with receipts of Rs60 lakh and professionals with income of Rs15 lakh are mandatorily required to e-file their return with digital signature.
 
As on 31 March 2012, there were 1.96 crore tax payers who had registered for e-filing.
 
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COMMENTS

Chetan Chandaliya

4 years ago

great! I have been filing my client's returns, now I can file my returns too within the time frame :)

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