service tax on foreign remittances: Goa NRI
Panaji, June 30 (IBNS)
Commissioner for Goa NRI Affairs Dr Wilfred
Menezes Mesquita has requested Prime Minister
Manmohan Singh to cancel the Centre’s plan to
charge 12.36 percent on all foreign remittances
The letter addressed to the Prime Minister on
Friday is in the wake of strong resentment among
the local community demanding to roll back the
tax. Mesquita said the “reported decision to
impose the service tax” will dampen spirits of
Goans to work abroad.
“The decision has generated tremendous
resentment among the Goan public in general and
the overseas Goan community in particular,” he
said in the letter.
Mesquita explained that tax on the money of the
hardworking people has raised apprehensions that
NRIs might resort to illegal routes such as
“Hawala” instead of repatriating their money
through the normal banking channels.
“Goans have been emigrating since pre liberation
times as hardly any employment opportunities
were available furing the erstwhile Portuguese
regime…The horizons of migrations in the present
time has been extended to several countries,”
the letter reads.
(Reporting by John
India Story: Has the Maharaja Become a Pauper?
Special Correspondent | Daijiworld Media Network
27: Is 50 days too small a period to
kill the ‘Maharaja’? This question is
necessitated considering that the pilot’s strike
of Air India is nearing 50 days.
There are enough indications that the
mischievous Maharaja, known worldwide for his
grace, dignity, naughtiness and symbol of high
living in India, is on the death bed gasping for
last minute oxygen, which is not forthcoming. So
who is responsible for the sorry state of
affairs of this ‘Maharaja’ whose name is
synonymous with Air India, the country’s
national carrier? Apart from ministers and
bureaucrats who have contributed for the present
mess in the airlines it is a pity that the
striking pilots themselves are hitting the last
nail in the coffin of the airlines and hastening
its death, hurting their own cause in the
Click here to read more
gain strength in next 48 hours: IMD
Last Updated: Monday, July 02, 2012 |
Delhi: The Indian Metrological
Department (IMD) on Monday sought to assure all
sweltering in heat in North India, saying
Monsoon would gain strength in the next 48
Addressing a press conference, IMD director SC
Bhan said Monsoon rains are expected to travel
northwards in the next two days. “There is
an upper air circulation in Bay of Bengal, which
is expected to move towards North in three to
four days. This will bring along Monsoon rains,”
Monsoon is currently held up in Chhattisgarh,
Gujarat, and eastern Uttar Pradesh. It had
reached eastern UP on June 21. Describing
the present Monsoon conditions as neutral, the
official said rains are likely in Delhi by
Pre-monsoon showers could lash Delhi and nearby
areas as early as in the next two to three days.
According to him, the June rain deficit is
likely to be compensated this month.
The month of June recorded 31% deficit in
Monsoon rains in northwest India, he added.
Consultancy Services says hello to New
Successor, Cyrus Mistry
PTI | Jun 30, 2012, 02.22PM IST
the US and European markets battling slowdown,
India's largest software company Tata
Consultancy Services (TCS) on Friday said it is
looking at opportunities in Australia and Middle
East for growth.
"Western markets continue to be a matter of
concern... Australia, Middle East markets
expected to be areas for growth for TCS," TCS
CEO and MD N Chandrasekaran said at the Annual
General Meeting (AGM) here.
Future opportunities for TCS are extremely good
and banking, financial services and insurance (BFSI)
segment continues to be the thrust area for the
company, he added. The company has opened
multiple development centres in Latin America,
China and Philippines, Chandrasekaran informed
A slowing US market, which accounts for more
than 60 per cent of the Indian IT industry's
exports, along with euro-zone debt crisis is
forcing Indian IT firms to look at other markets
like the Middle East and Asia.
The company is also focussing on non-linear
growth model and is betting big on three
strategic initiatives to drive this growth.
These include software products (TCS financial
solutions), platform-based BPO, and iON
(IT-as-a-service solution for small and medium
businesses). TCS, in FY2011-12, registered 15
per cent increase in net profit to Rs 13,517
crore, while its revenue increased 31 per cent
to Rs 48,894 crore. "All geographies, markets
and verticals grew in double digits this year,"
TCS Chairman Ratan Tata said.
Tata introduced Cyrus Mistry, the anointed
successor at the Tata Group, to the shareholders
and investors and said he is confident of
Mistry's capability of leading the company to
new heights of success. "Mistry embraces all
ethical values ingrained in the Tata Group,"
Besides TCS, Mistry is also on the boards of
Tata Power Company, Tata Industries, and Tata
Teleservices. He was chosen as the successor to
Tata in November, 2011 and will take over later
Voice designed and compiled by
Demerg Systems India,
Alfran Plaza, "C" Block, 2nd Floor, S-43/44,
(Near Don Bosco School), Panjim, Goa-403001
011 91 832 2420797 Email: