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BusinessEconomic Times ·

Election Commission Orders Special Drive To Register New Voters

The Election Commission of India has instructed all states and union territories to conduct a special voter enrollment drive. The initiative aims to include newly eligible citizens and those previously left out of the electoral roll. This drive will be conducted from July 1 to August 31, 2024. The Commission stated the effort is to ensure no eligible voter is excluded from the democratic process.

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BusinessEconomic Times ·

Employees Can Report Missed Provident Fund Payments to EPFO Authorities

Employees whose employers have not deposited their required contributions to the Employees' Pension Scheme can file a formal complaint. They should report the issue to the regional office of the Employees' Provident Fund Organisation that holds their account. The complaint can be submitted online through the EPFO portal or in person at the office. This process ensures employees receive their rightful pension and social security benefits.

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BusinessEconomic Times ·

Dubai-based NRI wins tax case despite Rs 2.31 crore purchase without filing ITR

A non-resident Indian based in Dubai has won a legal case against the Indian income tax department. The department had sought to tax him on a Rs 2.31 crore property purchase in India, alleging he had not filed tax returns. The Income Tax Appellate Tribunal ruled in his favor, accepting his status as an NRI whose foreign income is not taxable in India. The tribunal found the purchase was funded through legitimate foreign remittances and gifts, not undisclosed Indian income.

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BusinessEconomic Times ·

Flydubai pilot charged in US for supporting ISIS, plotting attack

A pilot for the airline Flydubai, a citizen of Oman, has been charged in the United States with attempting to provide material support to ISIS. Federal prosecutors allege he planned to hijack and crash his commercial aircraft. The Justice Department announced the charges on Tuesday, following an investigation by the FBI. The pilot was reportedly radicalized and intended to carry out an attack in the name of the terrorist organization.

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BusinessEconomic Times ·

Putin Proposes Strengthening India-Russia Economic and Security Ties

Russian President Vladimir Putin has advocated for expanded cooperation with India in economic and security spheres. His proposal, reported by The Economic Times, suggests moving the bilateral relationship beyond current logistical arrangements. The call aims to deepen strategic ties between the two long-standing partners. Specific areas for potential collaboration were not detailed in the initial report.

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BusinessEconomic Times ·

CJP Launches Jail Bharo Protest in Mumbai Today

The Citizens for Justice and Peace (CJP) group will initiate a 'Jail Bharo Aandolan' protest in Mumbai on Thursday. The demonstration is a form of civil disobedience where participants court arrest to fill jails. It aims to protest against alleged government inaction on issues of social justice and communal harmony. The campaign is scheduled to begin in the city today.

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BusinessEconomic Times ·

US Urges European Allies to Redirect Diesel Exports to Ease Global Prices

The United States is reportedly urging European nations to divert more diesel exports to countries in Latin America and Africa. This diplomatic push aims to relieve high global diesel prices by increasing supply in these regions. The request comes as global energy markets remain strained due to geopolitical factors. Such a move could help stabilize prices by redirecting existing European supplies rather than relying on new production.

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BusinessEconomic Times ·

8th Pay Commission report expected soon, may raise pension for Level 9 staff

The Economic Times reports that the 8th Central Pay Commission (CPC) report is anticipated soon. The article examines a potential scenario where government employees at Level 9 could see their pension rise to around Rs 68,000. This calculation is based on extrapolations from the expected recommendations. The report's official release will determine the final figures for all pay grades.

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BusinessEconomic Times ·

IT sector sees recovery in fresher hiring, Agrani raises Rs 800 crore

The Indian IT sector is experiencing a rebound in recruitment of entry-level professionals, signaling a potential market recovery. Concurrently, Agrani, a fintech startup, secured Rs 800 crore in a recent funding round. This capital raise will support the company's expansion and product development initiatives. The developments indicate renewed investor and corporate confidence in the technology sector.

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BusinessEconomic Times ·

IT firms resume hiring of fresh graduates after two-year slowdown

Major Indian IT firms are restarting their recruitment of new engineering graduates following a two-year period of reduced hiring. Companies including TCS, Infosys, and HCLTech have begun campus hiring processes for the 2025 fiscal year. This shift comes as the industry sees a gradual stabilization in demand and a need to replenish its talent pipeline. The hiring is focused on freshers with specific skills in areas like generative AI and cloud computing.

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