Hyderabad-based young chartered accountant student allegedly hacked into I-T returns account of the R-ADAG chairman and accessed details of his income, tax amount paid, PAN card number and even changed the password twice
Hyderabad-based young chartered accountant student has been booked for alleged hacking income tax (I-T) returns e-filing account of Anil Ambani. According to police, the 21-year-old woman, who has been doing her chartered accountancy articleship at Manoj Daga & Co in Hyderabad, hacked Ambani's account with an intention to know his income and tax amount paid over a period.
After a preliminary investigation, she was booked on 7th September under relevant sections of Information Technology Act and faces arrest in the case.
"The girl hacked Ambani's e-filing of Income-Tax returns account with an intention to check the industrialist's income and tax amount paid by him over the period of time. After hacking the account of the chairman of Anil Dhirubhai Ambani Group (ADAG), she accessed the details of his income, tax amount paid, PAN card number and even changed twice the password of his e-account on the IT website," an official involved in the probe told PTI.
According to police, a chartered accountant firm in Mumbai, which files 54-year-old Ambani's individual tax details, was intimated through an email from IT department on June 26 that as per request, the industrialist's e-return account had been changed. Again on July 12, the firm received another email stating that second time the password had been changed.
As suspicion grew, the ADAG group representative complained to Himanshu Roy, joint police commissioner (crime) at Mumbai, who directed cyber cell inspector Mukund Pawar to probe the case.
"As preliminary probe suggested it as a clear case of cybercrime since it involved hacking into the e-return account, a case was registered on 7th September. Probe revealed that the account was hacked from Manoj Daga & Co's computer following which a team rushed there and upon questioning, the girl confessed to have hacked into Ambani's account," Pawar told to PTI.
The server has been seized, Pawar said adding that, "We have all technical and physical evidence against her. The accused, who is in Hyderabad, will have to face the arrest."
The offence is bailable.
The public prosecutor had demanded death sentence to four convicts, Mukesh, Vinay Sharma, Pawan Gupta and Akshay Thakur, saying that 16th December gang rape-cum-murder case falls in the category of 'rarest of rare' cases
A fast-track Court in Delhi, on Friday, awarded death penalty to four convicts in teh 16th December Delhi gang rape-cum-murder case saying that the gravity of the offence cannot be tolerated.
“Death to all,” Additional Sessions Judge Yogesh Khanna said while delivering the verdict in the case that had evoked nationwide outrage and led the union Government to bring in a stringent anti-rape law.
“Besides discussing others offences, I straightaway come to Section 302 (murder) of the IPC. This falls under the inhuman nature of the convicts and the gravity of offence they committed cannot be tolerated. Death sentence is given to all the four convicts,” he said.
The offence committed by Mukesh (26), Akshay Thakur (28), Pawan Gupta (19) and Vinay Sharma (20) falls under the rarest of rare category warranting capital punishment, the judge said.
The four were convicted by the court on 10th September for the gang rape and murder of a 23-year-old paramedic student.
Court cannot turn a blind eye to such a gruesome act,” the judge said, while handing down the maximum punishment.
He said, "When crime against women is rising on a day-to-day basis, so, at this point in time the court cannot keep its eye shut."
"There should be exemplary punishment in view of the unparalleled brutality with which the victim was gang raped and murdered, as the case falls under the rarest of rare category. All be given death," the court said while reading out a portion of the order.
"This is a time when serious crime against a woman has come to the fore and now its the judiciary’s responsibility to instil confidence among the women," it said.
Besides murder, the four have been also convicted for offences including gangrape, unnatural offences, attempt to murder, dacoity, destruction of evidence, conspiracy, kidnapping or abducting in order to murder, while acquitting them of the charge of murder in dacoity.
Weak demand and cost-push inflation is likely to result in a stagflation-type scenario in India over the coming period. Political uncertainty is also set to rise in the coming months due to the upcoming state and the general elections, points out Nomura in its Asia Insights research note
India’s economic outlook is negative over the next six months due to weak growth, balance of payment pressures, cost-push inflation and rising fiscal and political risks, feels Nomura Financial Advisory and Securities (India) Private Limited in its Asia Insights research note. The economy is not at an inflexion point yet. Risks remain skewed to the downside over the next six months. The growth outlook is very weak, and hence, even as the current account deficit moderates, growth-sensitive capital flows – equity and debt – are also likely to moderate sharply, leading to pressure on the balance of payments, forecast Nomura analysts.
Weak demand and cost-push inflation will likely result in a stagflation-type scenario in India over the coming period. Risks of a fiscal slippage are rising, and the only way we see of sticking to the budgeted fiscal deficit target (of 4.8% of GDP) is to cut spending, which would hurt growth, warns the Nomura research note.
According to Nomura, political uncertainty is also set to rise in the coming months due to the upcoming state and the general elections. Hence, it does not see the current optimism as sustainable and remains negative on the economic outlook for now. On the policy front, it expects the repo rate to remain on hold at the 20 September 2013 policy meeting and it is forecasting 75bps of cumulative repo rate cuts in FY15.
Other highlights of the research note include:
(a) Industrial production (IP) rose 2.6% y-o-y in July, above expectations, led by a surprise jump in two of the most volatile components of capital goods. Excluding capital goods, IP rose a more muted 0.8% y-o-y in July versus -1.2% in June.
(b) Nomura does not see this rise as sustainable as financial conditions have tightened, which should impinge on domestic demand. It expects overall GDP growth to slow to 4.2% y-o-y in FY14 versus 5.0% in FY13, despite better agriculture growth.
(c ) CPI inflation moderated to a still-elevated 9.5% y-o-y in August from 9.6% in July. Food inflation remained high (at 11.1% y-o-y), while core CPI inflation inched higher (to 8.2%) due to a rise in services price inflation.
(d) Nomura expects CPI inflation to become increasingly important in monetary policy decisions, compared with WPI currently, with a greater focus on core CPI as a measure of demand-side inflation.
(e) Weaker demand and lower food inflation should moderate CPI inflation in the coming months, but the persistence of high CPI inflation due to elevated inflation expectations remains a key concern.
The industrial production scenario is shown in the following chart:
On the common man’s woes, the food inflation trend is shown in the following chart: