IT Department’s New Smart Database to Help Check Tax Evasion

A new “smart and intelligent” database is being set up in the Income Tax department to help check tax evasion, a “menace” that is “spoiling” compliance culture, a top CBDT official said on Tuesday.The database will immensely improve “mining” of data as it will include all financial transactions of individuals and entities. “We just don’t want to get penalty and ... Read More »

iPhone Photography Awards announced, showcasing images taken on mobile cameras

The winners of the iPhone Photography Awards have been announced — won by stunning images all taken from the phone’s tiny camera. The photographer of the year award went to Michael Korelewski of Poland. Second place was taken by British David Cralik and Yvonne Lu from the US won third place. Two of the top three winners were professional photographers, ... Read More »

OPPO Neo 5 (2015) launched in India for Rs 9,990

“The 2015 edition of the Neo 5 offers a 4.5-inch display, a quad-core CPU, and an 8MP rear snapper” Earlier this month, OPPO launched this year’s version of its Neo 5 smartphone in its home market of China. Now the brand has launched the Neo 5 (2015) budget Android phone in India. The device offers a premium dual-layer metallic design with ... Read More »

Microsoft Faces Russian Hurdles as Local Software Thrives

  Russian companies are increasingly buying homegrown software to avoid international sanctions, posing a challenge to the likes of Microsoft Corp. and Oracle Corp. in the country’s $3 billion local market. OAO Sberbank’s life insurer in February started an online service running local operating system Rosa-Linux using an open-source PostgreSQL database, skipping alternatives from Microsoft, Oracle and International Business Machines ... Read More »

The Manchester City man helped Gerardo Martino’s men to a crucial win in their second Group B encounter

The Manchester City man helped Gerardo Martino’s men to a crucial win in their second Group B encounter Argentina have recorded a 1-0 win over Uruguay in Tuesday’s Copa America Group B encounter in La Serena courtesy of a Sergio Aguero header. After his team surrendered a two-goal lead against Paraguay on Saturday, Martino would have been pleased with how ... Read More »

Current heatwave in India is fifth deadliest ever in the world

  New Delhi: The current heatwave gripping India is the fifth deadliest ever in the world, as per a report in a leading Daily. Also, it is the second deadliest in India, the Daily said, quoting an international database of disasters. Before this, the worst was in 1998 when 2,541 people had died due to the heatwave. As far as ... Read More »

Petr Cech interested in Arsenal move ahead of Chelsea talks

  Goalkeeper Petr Cech met with Chelsea officials on Monday to discuss his desire to leave the club.   Cech would like to join Arsenal, but the Premier League champions are reluctant to let him move there unless they receive a home-grown player as part of the deal.    PSG are also interested and Chelsea would prefer to sell to ... Read More »

Amnesty: Current Approach to Refugees Failing

  Rights group Amnesty International says the current approaches to dealing with the world’s refugee problems are failing and is calling for a shift in how refugee crises are addressed. In a report issued before World Refugee Day, Amnesty say the global refugee crisis is worsening. It is calling for a system that protects refugees and shares the burden among ... Read More »

Wrong-Again Turkish Current-Account Data Add to Investor Risks

As if Turkey’s inconclusive election result and decelerating economic growth weren’t bad enough, investors must now grapple with misleading official data. Almost every time the central bank has reported the current-account deficit in the past two years, it’s increased the figure in the following months. The corrections mean the shortfall that sent bonds rallying earlier this year was probably understated ... Read More »

Latest Economic Figures Show Worrying Trend In Exports, Current Account Deficit Stays Within Range

  Latest economic figures bring mixed news, but show that exporters are facing a tough time. First, the good news. India’s trade deficit narrowed to a three-month low in May, helped by lower oil prices. The trade deficit is now $10.4 billion, its lowest since February. And now the bad news: India’s exports are down for a sixth straight month, ... Read More »