Tax refunds of Rs.1 lakh crore issued this fiscal: Official
New Delhi : India's Income Tax department has issued refunds of Rs.1 lakh crore in the current fiscal up to January this year, a senior official said on Monday.
"The Income Tax department has so far issued refunds of Rs.1 lakh crore to 1.75 crore assessees in 10 months of the 2015-16 fiscal," Revenue Secretary Hasmukh Adhia said in a tweet.
The government directed the department in December 2015 to quickly settle the refund claims of amounts less than Rs.50,000.
As of November 1, refunds had to be made to 207,000 Income Tax returnees involving Rs.659 crore for the assessment year 2013-14 and another set of 1.29 million returnees involving Rs.4,837 crore for 2014-15.
"This (refund) has been a major relief to taxpayers. This demonstrates the government's intention to create a tax-friendly environment," Adhia 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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How Mumbai’s local trains and double decker bus shocked a British transport expert
How Mumbai’s local trains and double decker bus shocked a British transport expert
"They run without doors?" was the first reaction of the alarmed Christian Wolmar, British transport expert, rail historian, author, journalist and the 2016 London mayoral candidate when he saw a crowded suburban local train pulling out of Churchgate station in Mumbai on his day-long visit.
Wolmar was in Mumbai as a part of his India tour for his new book on Indian Railways. Fascinated with trains and railways like me, Wolmar, first started as a transport journalist with The Independent and has been writing on transport issues since 1992. The award winning writer and broadcaster is also the author of a series of books on railway history. He was at Churchgate and Mumbai Chhatrapati Shivaji Terminus (CST) and spoke about a host of transport issues.
Earlier on his arrival, one the first photos that he had taken in Mumbai was that of the double-decker bus, calling it a “dishevelled Mumbai double decker with a platform at the back” tagging the Mayor of London, in his tweet. And he was correct as the Mumbai double deckers have been a British legacy and the last 120 buses that remain are diluted versions of the original Routemasters.
As I caught up with him at the Taj, Mumbai, he had bought for me a personally signed copy of the Iron Road, a fascinating account of hidden stories of railway history from the early steam train days to the high-speed bullet trains of today, a book authored by him that I had always wanted. It was quite an honour to get a copy from the person himself and that too a signed one. As the conversation moved to trains and railways, I suggested he should take a look at the city's two biggest rail terminals in Mumbai-- Churchgate and Mumbai CST and he readily agreed. 
We hopped into cab (after refusals from a few) and reached Churchgate station. It was a Saturday evening and crowds were thin, but still good enough as there had been a few train delays. After examining the automatic ticket vending machines with the suburban maps on them, we got a platform ticket and entered the platform, walking to the other end as he wanted to take a good look at the trains entering and leaving the station. Technically, a variety of EMU trains were standing next to each other -- a Bombardier class and a Siemens one. 
As we walked back after a brief photo session and as the train moved, Christian was alarmed that the train had started moving with open doors. As I explained to him later that the trains here were non-air-conditioned and there were ventilation issues if the doors got shut, he seemed convinced, but said it was a highly risky affair. “You die one way or the other, either by suffocation or via open doors,” said he and was quite stunned to know that about 10 people die on the suburban lines of Mumbai every day. After examining and admiring the functional 1936 British Ransomes and Rapiers heritage buffers on Churchgate platform, we took the pedestrian subway to crossover to the Western Railway headquarters building.
“There is chaos, crowd and people everywhere, but things in India are always at their functional best. This is the best part of the country,” he said as we walked the subway, half of it occupied by hawkers, half of it under repairs.
The next stop was the Churchgate heritage building. Since the offices and the heritage gallery are shut on the weekend, we were not allowed to enter the building premise but Christian was quite impressed by the Bilimora-Waghai (Gujarat) railway’s steam engine on display in the building premise. He took a lot of its pics of it saying, “it’s built in Stafford,” and tweeted one immediately, calling it one for the “grocers”, an informal term for trainspotters or rail fans. 
Quite fit for his age, he decided to walk it up from Churchgate to Mumbai CST so that we could discuss more of two cities –London and Mumbai. Walking up from the by-lanes of Fort and reaching Mumbai CST discussing about traffic and problems, he said Mumbai needs to encourage public transport more and that more Metro lines will be of help. “The Monorail is quite an out-dated mode of transit and I don’t know why Mumbai got one,” he wondered. 
At Mumbai CST, he took a few photographs of the DC and AC suburban trains in one premise, the Star Chamber and the jumble of train indicators. Wolmar had a train to catch the next day early morning to the south and after the photos sessions, we soon decided to end the adventure. On his way back to the Taj, Christian Wolmar had one thing to say about Mumbai railway- just fascinating!
(Rajendra B Aklekar has been a journalist for 20 years and author of Halt Station India, best-selling book on history of India's 1st railway line, short-listed for the non-fiction award at the Bangalore Literary Festival 2015)



Meenal Mamdani

8 months ago

Interesting article that captures the awe and disbelief of this veteran British transport enthusiast on seeing the busy Indian transport scene in Mumbai.
Looking forward to more from Mr. Aklekar and Mr. Wolmar.

Shirish Sadanand Shanbhag

9 months ago

Any foreigner will be surprised to see over crowded local trains in Mumbai, with passengers precariously hanging at the doors of the local trains.



In Reply to Shirish Sadanand Shanbhag 8 months ago

The first train was paid for and run by Shankershett and Tata. As long as people continue to breed beyond any reason or requirement, overcrowding, scarcity and the related corruption will remain problems. Birth control must be seen as an essential national requirement for some years. No one should breed unless they are willing and able to care for a child for about 20 years.

Indian telecom regulator declines discriminatory data pricing
New Delhi : The Indian telecom regulator on Monday said no service provider should offer or charge discriminatory tariffs for data on the basis of content.
"No service provider shall enter into any arrangement, agreement or contract, by whatever name called, with any person, natural or legal, that has the effect of discriminatory tariffs for data services being offered or charged to the consumer on the basis of content," the sector regulator said in the notification.
Telecom Regulatory Authority of India chairman R.S. Sharma said: "No service provider shall charge differential charges based on source, destination, application and content."
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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