INDIA'S NEWS CHAnnel for digital media
Hardeep Puri – Union Minister:
Jai Jagannath!
This is how the redeveloped Puri railway station will look like!
With all modern amenities to provide a world-class experience to rail passengers.
Amitabh Kant – Former CEO, NITI Aayog:
India needs to become a manufacturing nation for tablets laptops, PCs and iPads.
Delighted that the 17000 Cr Production Linked Incentive (PLI) scheme will provide a huge impetus to India becoming an integral part of global value chains and giving a push to manufacturing.
Dr P Thiaga Rajan – Minister, TN Govt. :
I welcome the judgement of the five-judge Constitutional Bench of the Supreme Court upholding the validity of Tamil Nadu’s law allowing our ancient sport of Jallikattu (Eruthazhuvuthal).
Our CM MK Stalin’s efforts have ensured that this historical and cultural practice can continue without any bar.
The sport is of particular significance in Madurai, where earlier this year I had the pleasure of witnessing the Avaniapuram Jallikattu with my family, and the Alanganallur & Palamedu Jallikattu with my ministerial colleagues Udhay Stalin, P Moorthy, Anbil Mahesh
Amit Malviya – BJP leader:
The confusion around TCS/LRS issue is unwarranted.
It doesn’t change anything except bring parity between usage of Debit and Credit cards abroad.
Here are some details on the matter:
• Objective is to help track high-value overseas transactions, money laundering. It aims at curbing the circumvention of LRS (Liberalized Remittance Scheme) limits via the use of credit cards. Tax Collected at Source (TCS) already there on Debit Card.
• While on a visit abroad, a person could use international Debit cards or other methods or international Credit cards for undertaking current account transactions. Payments by Debit cards etc have been treated as LRS, even earlier. By bringing TCS on Credit Card, it plugs the loophole.
• Due to the exemption under erstwhile Rule 7, expenditures through Credit cards were not accounted for under the specified LRS limit, which has led to some individuals exceeding the LRS limits.
• Data collected from top money remitters under LRS reveals that international Credit cards are being issued with limits in excess of the present LRS limit of USD 2,50,000. The differential treatment between Debit cards and Ctedit cards needed to be removed in the interest of uniformity and equity in the treatment of modes of drawal of foreign exchange and for capturing total expenditures under LRS for prudent foreign exchange management and to prevent by-passing of LRS limits.
• RBI had written to the government on more than one occasion, pointing to the need to remove this differential treatment.
• Under the LRS, in the financial year 2021-22, a total of USD 19.61 Bn was remitted, rising from USD 12.68 Bn in 2020-21. In 2022-23, it rose to more than USD 24.0 Bn, of which overseas travel accounted for more than half.
• Instances have come to notice where the LRS payments are disproportionately high when compared to the disclosed incomes.
• TCS is like TDS, it is NOT a final burden of TAX.. One can claim it as Refund while filing ITR.
TCS will not be deducted:
• Will NOT apply on the payments for purchase of foreign goods/services from India such as newspapers or online streaming services.
• Will NOT apply on Company/Business trips. (IT sector employees unaffected)
• Will NOT apply on the payments for ‘Education’ and ‘Medical purposes’.
Applicability
• Will basically APPLY to the rich for buying property, shares and foreign travel.
• Primary impact only on investment in assets such as real estate, bonds, stocks outside India by HNI and tour travel packages or gifts to non-residents. Does not effect any changes in the use of international Credit cards by residents while in India.
• Does not affect any changes in the use of international Credit cards by residents while in India. Overseas tour package booked in Indian credit card (rupees) is NOT affected. (Eg: Booked from MakeMyTrip and others)
Kiren Rijiju – Union Minister:
It has been been a privilege and an honour to serve as Union Minister of Law & Justice under the guidance of PM Shri Narendra Modi ji.
I thank Chief Justice of India DY Chandrachud, all Judges of Supreme Court, Chief Justices and Judges of High Courts, Lower Judiciary & entire Law officers for the huge support in ensuring delivering ease of Justice and providing legal services for our citizens.
I look forward to fulfilling the vision of PM Sh Narendra Modi ji in the Earth Sciences Ministry with the same zeal and vigour I have imbibed as a humble karyakarta of BJP
RS Surjewala – Gen Sec. Congress:
My heartfelt congratulations & wishes to Sh. Siddaramaiah for his new role as next Chief Minister of Karnataka & equally warm wishes to Sh. DK Shivakumar , the new Deputy Chief Minister of Karnataka.
It was an enriching experience to struggle alongside you for the rights & welfare of 6.5 Crore Kannadigas .
The insurmountable love of people bestowed upon you and all Congress leaders is indeed an onerous yet rightful responsibility to fulfil the millions of hopes & aspirations of people.
OUR TASKS
To look behind and affix responsibility for the 40 Percent Corruption & Scams.
To look at the present to ensure restoration of Kannada pride & rebuilding of Brand Karnataka.
To look at the future to make Karnataka a vehicle of progress, prosperity & growth that is an example to emulate for rest of India.
To heal every lacerated soul,
To hold every hand that reaches out,
To serve those who feel left out, To reach out to last man in the line,
To put a smile on every face,
To instil a new hope in every stride,
To make every Kannadiga proud!
WE SHALL DELIVER – TOGETHER !
WE ARE THE CONGRESS !
KC Venugopal – Gen Sec., Congress:
The Congress President Shri Mallikarjun Kharge has authorised me to convey his decision:
Shri Siddaramaiah will be the new Chief Minister of Karnataka, and Shri DK Shivakumar will be the only one Deputy CM of the state.
DK Shivakumar ji will continue as the KPCC President until the parliamentary election is over.
Pic Credit : Sri Sri
