Demonetisation fails to affect tax collection in Pune

After Centre’s claims of significant rise in the tax collection after demonetisation, the tax collection data for the Pune region shows that there has been no significant change in the tax buoyancy in Pune area. Jurisdiction of Pune region includes the whole of Maharashtra, excluding Mumbai and 11 districts of Nagpur.

It is recorded that between April 1 and September 1 2017, the tax collection increase to 20.34%, which is 4 % less than last year for the corresponding period in 2016.

However, on the other side, before comparing it to individual taxpayers, there has been a rise in corporate tax collected. According to the Times of India, a senior tax official said, “

“This could be possibly because some corporates were underpaying taxes. Also, it could be attributed to the government’s push to net advance taxes this year”.

Tax collection from individuals till September 12 this year is 17%, lesser compared to the same period in last year. Tax data from April 1 to September 12, 2016 was about 28% of the tax collection for the entire fiscal.
Nonetheless, the data is yet needed some minor corrections, as tax officials said. They also added, tax collection is still going on and people have claimed returns in the deposited amount.

News Sources- Times of India

Mumbai-bound Duronto Express derailed

Mumbai-bound Duronto Express coming from Nagpur, on Tuesday early morning derailed in Maharashtra’s Tiwala district. Nine bogies and the engine came off the tracks as heavy rains had washed away a part of the tracks. According to officials there were no casualties recorded. This has also resulted in delays of other trains arriving from Nagpur and Nashik. Travel by suburban trains for those staying beyond Kalyan station has also been badly hit.

 

While the exact cause of the mishap is not clear yet, but according to sources it is understood that the landslides were the main reason which were caused due to heavy rains in the Kasara Ghats section since the past three days. Officials, however, said the actual cause will be ascertained after an inquiry.
A senior CR official as quoted by TOI said, “The cause of the derailment is a sudden landslide which occurred due to heavy rains. The engine driver did excellent job of applying emergency breaks. As far as preliminary inquiry is concerned, we have not come across any major injuries. The stranded passengers are being shifted to destination by buses and taxis.”
This is the third major train incident in the past two weeks. On 23rd August Delhi-bound Kaifiyat express derailed in Auraiya district, Uttar Pradesh injuring close to 81 people. On August 19, Kalinga Utkal express ran off the tracks in Muzaffarnagar killing 22 people.
India’s railway network is the fourth largest in the world by distance and is also the main form of travel for most of the people of the country, with 22 million passengers commuting daily.

 

Sources: Hindustan Times, NDTV

Pune is ready with Metro plans

With the permission of the central and state government, Pune city is now set to get its first metro rail. After Nagpur, Pune is going to see the most desired metro rail project turning into reality. The metro rail project has begun with utmost seriousness hoping that it will solve the traffic issues.

Managing Director (MD) of Maha metro, Brijesh Dixit stated that both the metro projects of Nagpur and Pune will come under the umbrella institution of Maharashtra Metro.

He also said that 44 acres of land will be used in different sectors of the city. Further, he added that they will create beautiful landscapes at all the vital points through which metro will travel. Metros’ will cross 31 stations and each station will reflect the beauty and glory of Pune’s great history. They have taken the challenge to preserve the old charm of the city leaving it completely untouched.

Covering an area of 31 km, the project is believed to be completed by 2021. The total expenditure is Rs 11,400 crore. External agencies, like World Bank and European banks, are going to fund 60% of the total cost.

Dixit also assured in his statement, “The USP of the project will be state-of-the-art carriages and stations that will compete with the best metro stations across the world”. He also said that during the journey people will fall in love with the stretch, along and across the rivers, Mula and Multa.

Source: Times of India 

 

Schoolgirl gang raped by 5 persons

NAGPUR: On Monday, a schoolgirl had been allegedly gang-raped by a group of five persons in the Wathoda region of the city. As per police reports, four among the five people who had attacked her, were minors.
Yesterday, the victim had been forcibly taken to an isolated area, where she was raped. The police said that the accused then had threatened her from spilling details about the incident to anyone. The victim, however managed to rush home, whereby she told about the incident to her parents.
And, a complaint had been lodged by the victim at the Nandanvan police station. The complaint had been registered against four minors alon with a 19 year-old Rahul Namdeo Wadhave. While further investigation in underway, the four minor offenders had been arrested by the police. They were later sent to a correction home. Under relevant sections of the Indian Penal Code (IPC), and the Protection of Children from Sexual Offences (POSCO), the police has, for now booked the accused.

England on top at Nagpur

India faltered yet again as Jimmy Anderson picked up three wickets to leave the hosts tottering at 87/4 at stumps on day 2 of the fourth test match at Nagpur. Earlier in the day, England were bundled out for 330 with debutante Joe Root scoring 73.

Read this for more.