www.thehansindia.com WARANGAL SATURDAY 31 MARCH 2018 PAGES 20 `5.00 Forecast: Sunny Temp: Max.39°C. Min.26°C. Humidity: 14% Sunrise: 06:07 Sunset: 06:24 H Simultaneously published from Hyderabad | Warangal | Tirupati | Amaravati | Visakhapatnam | Khammam | Kurnool | Delhi H WINDOWS PR polls a dry run for Life of a tennis 2019 ballot battle star I P3 Basketball robot CUE shoots a basket at Tachihi arena in Tachikawa on the western suburbs of Tokyo. The engineers from Toyota Motor Corp, created the robot that rivals professional players for free-throw accuracy. The six-foot-two-inch tall robot is gaining a reputation in Japan and beyond for shooting hoops with pinpoint accuracy Class 12 re-exam on Apr 25; decision on Class 10 later New Delhi: The re-examination of CBSE's Class 12 economics paper will be held on April 25, while the Class 10 mathematics re-test, if required, would be conducted only for Delhi-NCR and Haryana in July, the government said on Friday amid widespread outrage over the paper leak issue. Ruling out a nationwide re-tests for Class 10 mathematics, the HRD Ministry said that a final decision on the re-examination for Delhi-NCR and Haryana would be taken in the next 15 days following a detailed inquiry. S P7 n what could be termed as prefinals for the 2019 general elections, the elections to rural local bodies (RLBs) would be held in May as the new Panchayat Raj Act has been passed. H yderabad-based Kyra Shroff, a 25-year- old tennis player, is former India number one in singles and number two behind Sania Mirza in doubles in 2013 at a relatively young age of 21. Triumphs, failures, injuries; Kyra shares all on what it takes to be a tennis player. CM FLIES OFF THE HANDLE KCR vents ire at FM over serious lapses in management of state finances as pointed out in CAG report Eatala gets an earful from KCR OUR BUREAU Hyderabad: Telangana Finance Minister Eatala Rajender has taken the rap from Chief Minister K Chandrasekhar Rao after the CAG found that the state’s finances were managed poorly and that the accounting practices used were irregular in 2016-17. The revelation threw a wet blanket on the state as it had been under the impression that it was the best managed state with surplus finances. Taking a serious note of the CAG findings, the Chief Minister apart from taking Rajender to task for his failure in following official procedures in financial management, ordered an internal audit to ascertain if the discrepancies and errors unearthed by the CAG were as serious as pointed out and check such mistakes in the coming year. The CAG audited Telangana finances and disclosed that the revenue surplus was overstated by Rs 6,778 crore due to irregular accounting. Top sources told The Hans India that KCR rapped Rajender on his knuckles for his failure in setting the management of finances in the right direction. Sources said that the CM went off his deep end at the finance minister for not maintaining financial discipline in the release of money borrowed through Uday bonds to the Discoms. Under the Uday scheme, government borrowed Rs 8,931 cr and released only Rs 7,500 cr. The entire amount transferred to the Discoms has been show as eq- uity under capital expenditure. The authority observed booking of Rs 3,750 cr (50 per cent of Rs 7,500 cr released to Discoms) as equity instead of grant resulted in overstatement of revenue surplus to that extent. Sources said that the CAG findings will mar the prospects of getting more loans under FRBM Act (Fiscal responsibility Budget Management) and financial institutions. Taking serious note of it, KCR called a meeting with state Finance Secretary K Ramakrishna Rao and other top officials. The CM instructed the officials to prepare a detailed note on CAG findings on state’s finances. Since 2018-19 financial year is crucial for his government as the elections are slated to be held next year, KCR is working overtime to fulfill all the assurances made in the budget proposals mainly the implementation of crop investment scheme which requires Rs 12,000 cr. Without out healthy financial management, it will be difficult for Telangana to achieve the desired goals in the new financial year, the officials said. CAG pricked bubble of KCR’s tall claims: Oppn OUR BUREAU Hyderabad: The Opposition Congress and BJP have slammed the TRS government for the irregularities in keeping of accounts of the state ﬁnances for the year 2016-17 as pointed by Comptroller and Auditor General (CAG) who submitted his report to the Assembly on Thursday. Telangana Congress spokesperson Dasoju Sravan demanded resignation of Chief Minister K Chandrasekhara Rao for the irregularities in the keeping of accounts. Speaking to the media persons, he said that the Chief Minister and his cabinet colleagues should be arrested for false accounts and government should convene a meeting of the Assembly to discuss the report of the Comptroller and Auditor General. Referring to the report of the CAG, he said that the government has shown inflated figures of the revenue and said that the findings of the CAG were a slap in the face of the government. The report has exposed the lies of the government on revenue surplus as it was shown as Rs 5,392 crore though the actual deficit was Rs 1,386 crore for the financial year 2016-17. The government was also cheating the banks by borrowing more than the Fiscal Responsibility and Budget Management limits. This episode reminds the case of erstwhile Satyam Computers owner Ramalinga Raju’s case. Meanwhile, BJP state president Dr. K Laxman said that the latest CAG report laid before the recently concluded budget session of the State Assembly vindicates the stand of the party that the four-year TRS rule in Telangana has been riddled with financial irregularities, misleading claims, and false promises. Addressing media-persons here, he said that the CAG had put it in black and white TRS government had no rules and was steeped in corruption. Continued on P4 Multiple H1B apps JP junks Pawan panel, new one soon attract rejection OUR BUREAU S H-1B ﬁling process begins from April 2 for the ﬁscal year 2019 starting October 1 S Multiple H1-B applications on behalf of same beneﬁciary undermine integrity of lottery process After notice, we will deny or revoke the approval of all H-1B cap-subject petitions filed for one beneficiary by 'related entities' unless there is a legitimate business need Hyderabad: The Joint FactFinding Committee (JFC) constituted by Jana Sena founder president Pawan Kalyan has fallen apart. Lok Satta president and former IAS officer Jayaprakash Narayan, who was part of the JFC, said on Friday that they were disbanding the one constituted by the Jana Sena chief and in its place another committee with experts from various ﬁelds is being put together. The new committee will have among others retired IAS officer To look into woes of AP K Padmanabhaiah, senior journalist C Raghavachari, anti-child labour activist Shanta Sinha and retired IPS officer HA Dora. The new committee will study the problems that the state is facing and what should be done to it to put it back on rails. The committee would also discuss the pressing need for Special Category Status for the state and other beneﬁts that should accrue to it from the Centre after bifurcation of erstwhile Andhra Pradesh. JP said the decision was taken since Pawan Kalyan had stopped showing interest in deciding what the committee should do next. The committee in which politicians, former bureaucrats and experts were members, came out with a report but he had suddenly lost interest in it, JP said, adding: “The JFC idea was Pawan Kalyan's and it had worked out details of what the state is entitled to and what it has got in actual terms and how the Telugu Desam Party had utilised the funds. The JFC’s purpose was also to discuss a roadmap to exert pressure on the Centre for SCS. He said that the initial enthusiasm of Pawana Kaylan on formation of JFC has tapered off. “We have done a lot of number crunching and came out with a report but Pawan Kalan is not interested in it anymore.” he said. Continued on P4 US Citizenship and Immigration Services Washington: Multiple H-1B applications will lead to rejection of the petitions, a federal American agency has warned foreign workers, days ahead of the initiation of ﬁling process for the non-immigrant visa, popular among Indian IT professionals. The US Citizenship and Immigration Services (USCIS) has indicated that it would intensify scrutiny of such applications. The H-1B ﬁling process begins from April 2 for the ﬁscal year 2019 starting October 1. "After notice, we will deny or revoke the approval of all H-1B cap-subject petitions ﬁled for one beneﬁciary by 'related entities' unless there is a legitimate business need," USCIS said. Continued on P4 US wants visa applicants to submit social media details BEATS OF VICTORY… Washington: The Trump administration wants all US visa applicants to submit details of their previous phone numbers, email addresses and social media histories as part of its "vetting" practice and to prevent entry of individuals who might pose a threat to the country. In a document posted on the Federal Register on Thursday, anyone who wants to come to the US on a non-immigrant visa will have to answer a list of questions under new rules. Chief Minister K Chandrashekar Rao trying his hands at drumbeating during tribal leaders’ visit to congratulate him on getting the PR Bill passed, at Pragathi Bhavan on Friday P3 Private bus operators eating into RTC proﬁts K CHANDRASEKHAR Hyderabad: Telangana State Road Transport Corporation (TSRTC) is bleeding. It is suffering huge losses on account of illegal operation of buses by private operators. The annual loss is estimated at Rs 1,000 crore. The RTC unions point out that the private buses which were limited to Andhra areas like Vijayawada, Visakhapatnam, Rajahmundry before the formation of Telangana have now spread even to districts, including Warangal, Karimnagar, Mancherial, Godavarikhani and other places, cutting into the business of the RTC. The union leaders alleged that today more number of private buses were plying in Telan- gana compared to the number of buses which used to be operated in un-divided Andhra Pradesh. Some buses are running with the Arunachal Pradesh registra- tion causing huge losses to the TSRTC. When Arunachal Pradesh registration issue came out, the transport department seized the buses and as a result the TSRTC generated revenue of Rs 1 crore per day. However, with the buses again running on the roads, the RTC is incurring losses, said the leaders. According to union leaders, registration fee in Arunachal Pradesh is just Rs 18,000 only but in TS and AP, it is Rs 7.2 lakh. But the condition is that the originating or ending point of the journey of a bus should be in the state where it is registered. If the operator ﬂouts this norm, the operation of the bus becomes illegal, the sources said. Union leaders alleged that illegal operations are thriving with the support of the authorities. “As per the rules, the contract carriages are not supposed to operate the buses as stage carriages but these buses board the passengers stage wise. The online ticket booking itself is the biggest evidence that the private operators were ﬂouting rules,” said Employees Union general secretary K Raji Reddy. The union leaders said that they have data to support their version that the private buses were eating into the revenues of RTC. Raji Reddy said that they had taken up a survey at toll booths at Chautuppal and Shadnagar on May 28 in 2017 and found out that 1,600 private passed through these routes on a single day. “If the officials do not act against the illegal transportation, how they expect the corporation to come into profit,” questioned Raji Reddy. The number of buses operated by Orange travels has increased three-fold in the state, he alleged. Continued on P4 LTCG TAX ON INVESTORS FROM APR 1 Mumbai: Prompting investors to rejig their portfolios, long-term capital gains (LTCG) tax and corporate tax, as proposed in Union Budget 2018-19, will come into force from April 1 onwards. After a gap of 14 years, the Centre has reintroduced 10 per cent tax on LTCG exceeding Rs1 lakh from sale of shares. Currently, 15 per cent tax is levied on capital gains made on share sale within a year of purchase. However, no tax for shares sold after a year of purchase. However, the new LTCG tax of 10 per cent will be applicable to transfers made on or after 1 April 2018. Transfers between 1 February 2018 and 31 March 2018 will be eligible for exemption, as they are now under clause (38) of section 10 of the Income-Tax Act, 1961. So, if investors sell shares or mutual fund (MF) units before 31 March 2018, the date 31 January 2018 does not matter to you as any gains in such cases will be taxed according to the current tax regime. Reduced corporate tax of 25 per cent from 30 per cent on businesses up to Rs250-cr turnover and a standard deduction of Rs40,000 in lieu of transport allowance and medical reimbursement will also come into effect. S P9
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