Economy - The Purbottar

17 Feb

High Court Order for Job Aspirants

editor0 CommentsEconomy, India

The Punjab and Haryana High Court had put on hold Haryana’s 75 per cent quota on February 3. The Supreme Court on Thursday set aside the Punjab & Haryana High Court’s order staying on providing 75 per cent reservation in private sector jobs to local candidates. India Inc had called for a re-examination of the legislation, claiming that it will lead to multinational firms leaving the state. Industry groups argued that reservation reduces competitiveness and suggested that the state government provide a 25% subsidy to the industry as an incentive for each local hired. The court asked the high court…

Rahul Bajaj, Former Chairman of Bajaj Auto, Dies at 83

editor0 CommentsEconomy

Rahul Bajaj, veteran industrialist, Padma Bhushan awardee and former chairman of Bajaj Auto passed away at the age of 83 in Pune on Saturday, 12 February. After taking over the Bajaj Group in 1965, he stepped down as the non-executive director and chairman of the company in April 2021. The company said that he had retired due to age. Besides heading Bajaj Auto, he also spearheaded the CSR activities of the Bajaj Group of companies and charitable trusts, including the Jamnalal Bajaj Foundation. The industry veteran was not keeping well for some time and died at 14:30 hours this afternoon,…

6.17 cr ITRs, 19 lakh major TARs filed on new e-filing portal

editor0 CommentsEconomyITRS, TARS

Around 6.17 crore ITRs and about 19 lakh major TARs have been filed on the new e-filing portal of the Income Tax Department as of 6 February. Out of 6.17 crore ITRs filed for AY 2021-22, 48% of these are ITR-1 (2.97 crore), 9% is ITR-2 (56 lakh), 13% is ITR-3 (81.6 lakh), 27% are ITR-4 (1.65 crore), ITR-5 (10.9 lakh), ITR-6 (4.84 lakh) and ITR-7 (1.32 lakh). Over 1.73 lakh Form 3CA-3CD and 15.62 lakh Form 3CB-3CD have been filed in FY 21-22. More than 1.61 lakh other Tax Audit Reports (Form 10B, 29B, 29C, 3CEB, 10CCB, 10 BB)…