Citizens' Issues
Opposition flays private airlines for high airfares

An opposition member also said it is high time the government frames a new aviation policy

 

Opposition members in the Lok Sabha on Monday lashed out at private airlines for not passing on benefits of falling fuel prices to passengers while the ruling BJP members blamed the Congress-led UPA government for the financial problems faced by state-run Air India.
 
Bharatiya Janata Party's Jagdambika Pal also demanded that to do away with air traffic congestion over the Delhi airport especially at peak hours, a new airport should be built to cater to the national capital region, while some members called for a new aviation policy.
 
Congress leader K.C. Venugopal said airlines have not passed on the benefits of fall in fuel prices to passengers and they were looting the passengers.
 
Initiating the discussion on Demands for Grants for the ministries of civil aviation and tourism, he said the price of Aviation Turbine Fuel has come down resulting in huge benefits to airlines but at the same time common people and passengers continued to suffer.
 
He claimed even Air India has benefitted from fall in ATF prices and demanded from the government what actions it proposed on high air fares.
 
The Congress member was soon supported by lawmakers from other parties.
 
Trinamool Congress member Saugata Roy urged the the government to rein in the rising airfares.
 
"I feel that the government should have a role in having some regulations," he said.
 
He also said it is high time the government frames a new aviation policy.
 
Among others, P.D. Rai of Sikkim Democratic Front alleged that most airports are managed in PPP project and private sector partners were found wanting in their role.
 
Among others, expelled Rashtriya Janata Dal member Rajesh Ranjan, RJD's Jay Prakash Narayan Yadav and Janata Dal-United's Kaushalendra Kumar also spoke.
 
"I want to know from the minister when will Air India be back on its feet?" Kumar asked.
 
Venugopal criticised the government for reducing budgetary allocation to Air India, a charge denied by BJP and other NDA members.
 
The Congress member requested the central government to expedite Kerala government's proposal to launch Air Kerala to help citizens of the state going to the Gulf countries.
 
BJP member Dushyant Singh said the financial mess in Air India was started by the erstwhile UPA dispensation, and denied that fund allocation to the national carrier has been reduced by the Narendra Modi government.
 
Singh flayed Congress government for the merger of Indian Airlines and Air India.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Biggest tech merger in history to be called Dell Technologies

Michael Dell announced at the casino capital of the world that the biggest merger in tech history will be called Dell Technologies.

 
"It has a nice sound to it," the chairman and CEO of Dell, which last year announced the $70 billion merger with EMC, at the Venetian Convention Center where he was giving the keynote address at the annual EMC World Conference.
 
"The brand equity of Dell PC is irreplaceable," he said adding that he was partial to the family name. Dell Technologies will comprise Dell, EMC -- the leading global computing storage provider, VMware, Pivotal, Secureworks, RSA and Virtustream.
 
The combined enterprise business, though, would go by the name of Dell-EMC, he announced. The merger is awaiting regulatory approval from the US authorities as well as shareholder greenlight.
 
Taking a dig at rival HP, Dell said that his competitor was trying to grow by downsizing. 
 
"You cannot do that. But HP is trying to grow by investing less in R&D and software, all the while losing share to Dell," he said adding that his company was doing just the opposite. 
 
"We are investing in speed, agility and innovation and creating the essential infrastructure for the next industrial revolution," the tech celebrity said, pointing out that they were just one day short of the 32nd birthday of his company.
 
He said when he started out, he believed that IT was going to be force for change. He said it had democratised information, help cut poverty by half globally and a huge global middle class had emerged in different parts of the world because of it. "I am more energised and optimistic today."
 
He said the combined company, Dell and EMC, would stand at the centre of innovation and next big growth in IT. "Today, we stand at the centre of human progress and there is no other place I'd rather be," Dell concluded.
 
Joe Tucci, 69, chairman and CEO of EMC, who tried out his balancing act on a "hover board" because he was dissuaded from doing so "because of my age," also announced that he was stepping down from the position. He got a prolonged standing ovation from the EMC and Dell employees who came to witness announcements of their merger. 
 
Tucci said that "something great and something truly special" would emerge out of the two giants coming together. Saying that everyone had to be prepared for the coming digital revolution, which would "dwarf the industrial revolution" in terms of innovation and change.
 
More than 10,000 visitors, including vendors, employees and media are expected to come for the EMC Word, which started its annual expo and conference in 2001.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Over 55 percent individual assesses paid no tax
New Delhi:  More than 55 percent of the 28.77 million individual assesses in India who filed their returns for 2012-13 paid zero tax, while three at the top-end had to shell out as much as Rs.437 crore collectively, as per latest data from the finance ministry.
 
As per the Central Board of Direct Taxes, which released income tax filing statistics for the first time, 5,430 individual assesses had an income of above Rs.1 crore, and paid a tax of 13,822 crore collectively.
 
Only eight people had an income between Rs.50 crore and Rs.100 crore while three people had an income between Rs.100 crore and Rs.500 crore during 2012-13, according to the report. 
 
No person in the country had an income above Rs.500 crore in 2012-13, the report said.
 
The maximum taxpayers -- 38.7 percent -- were in the income range of less than Rs.1,50,000, who paid a total of Rs.23,446 crore as taxes. It is also the segment from which maximum taxes came from in 2012-13.
 
Individual taxpayers with an income between Rs.1.5 lakh and Rs.5 lakh constituted 3.46 percent of the total taxpayers. They paid a combined tax of Rs.26,797 crore, it said.
 
According to the 2012-13 data, 11,077 people had an income between Rs.50,000 and Rs.1 lakh and paid a combined tax of Rs.7,474 crore.
 
A total of 1.4 lakh individual assessees, with an income between Rs.10 lakh and Rs.50 lakh, paid Rs.26,886 crore in taxes while 2.4 lakh taxpayers with an income between Rs.5 lakh and Rs.10 lakh paid Rs.16,131 crore collectively, the report said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

Amratlal

1 year ago

Reduce Tax rates to encourage people to pay rather than learn to avoid.
Remove corrupted IT officers and offer good salary so they have no option but be Honest and encourage revenue.
Check the expenses to get correct figure of income and penalize those found guilty of tax avoiding's.
Reduce or avoid Sale Tax at point of retail,Tax at source instead.

Suketu Shah

1 year ago

Ideal reason to levy bank transaction tax and shut down IT offices.No ITax,no cheating,no tax avoidance.

D S Ranga Rao

1 year ago

That once again shows India is a "rich country" with "poor" people including Vijay Mallya and of ilk, the politicians those who evade taxes because of their power and influence, the industrialists, business tycoons, the stardom, who can manipulate their figures of profit and loss, etc. Therefore, no wonder, India continues to be poor, backward and underdeveloped for centuries to come. All the so called apparent development is chimerical only, not contributing to the sustainable economic growth of the country and happiness index.

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