Bhabanipur braces for high-stakes Banerjee-Adhikari showdown

Bhabanipur braces for high-stakes Banerjee-Adhikari showdown


The constituency has turned into a theatre of intense campaigning, with both the ruling All India Trinamool Congress and the opposition Bharatiya Janata Party stepping up door-to-door outreach and street-level mobilisation
| Photo Credit:
ANI

A towering banner proclaiming ‘She was in power, she is in power, she will remain in power’ greets passers-by in South Kolkata’s Harish Mukherjee Road, a stone’s throw from the residence of West Bengal Chief Minister Mamata Banerjee, signalling the high-stakes battle unfolding in her political backyard.

Banerjee is set to face her arch-rival Suvendu Adhikari, the Leader of Opposition, who has chosen to contest from Bhabanipur, the Chief Minister’s home turf, setting the stage for one of the most closely watched contests in next month’s Assembly elections. The constituency has turned into a theatre of intense campaigning, with both the ruling All India Trinamool Congress and the opposition Bharatiya Janata Party stepping up door-to-door outreach and street-level mobilisation.

At a Trinamool Congress party office, septuagenarian local leader Asish Ghosh dismissed the BJP challenge, predicting a decisive victory for Banerjee. “Didi knows her constituency like the back of her hand. She has always been available for the people here. People are getting support from her government through welfare schemes like Lakshmir Bhandar, Kanyashree and Yuva Sathi,” Ghosh said.

He also alleged voter disenchantment over the ongoing Special Intensive Revision (SIR) of electoral rolls. “People are very angry with the Election Commission and the BJP due to the harassment voters are facing. In Bhabanipur, many genuine voters’ names got deleted. The Narendra Modi government has also failed to deal with the LPG shortage issue,” he added.

Special Intensive Revision

During the revision exercise, over 47,000 names were deleted from electoral rolls in the constituency, while about 14,000 electors remained under adjudication pending judicial verification as on February 28. Adhikari had months earlier declared his intent to contest from Bhabanipur and repeat his earlier electoral success against Banerjee.

In the 2021 Assembly elections, Adhikari defeated Banerjee in Nandigram in Purba Medinipur district by a slender margin of 1,956 votes. However, Banerjee led the Trinamool Congress to a sweeping victory statewide and later re-entered the Assembly through a by-election in Bhabanipur, winning by a margin of 58,000 votes, reaffirming the seat as one of her strongest bastions.

The BJP, however, draws confidence from the 2024 Lok Sabha elections, when the Trinamool Congress secured a relatively modest lead of 8,291 votes from the Bhabanipur Assembly segment amid allegations of corruption and signs of anti-incumbency. “We will win this time from Bhabanipur seat, not an iota of doubt,” said local BJP leader Rabindra Chowdhury.

“When we are meeting voters, we are witnessing anger towards Mamata Banerjee and her government over corruption, from the School Service Commission recruitment scam to money laundering linked to the coal scam. Several Trinamool leaders are involved in big scams,” he said.

He also referred to the RG Kar Hospital rape-murder case, saying concerns over women’s safety remain a key campaign issue.

“People have not forgotten the RG Kar hospital rape-murder case. Women are not safe in Kolkata and Bengal,” Chowdhury said, adding that the removal of alleged “ghost voters” during the SIR exercise would weaken Trinamool’s electoral machinery.

Bhabanipur, carved largely from wards of the Kolkata Municipal Corporation, reflects the city’s social diversity, with a sizeable Hindi-speaking trading and business community alongside Muslim-majority pockets.

The constituency is scheduled to vote on April 29 in the second phase of the Assembly elections, in what is widely expected to be one of the fiercest political contests in the State.

Published on March 24, 2026



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J&K Bank gets ₹200 cr demand order for GST liability

J&K Bank gets ₹200 cr demand order for GST liability


“All the TPM entries are purely notional in nature and when entity level financial statements are prepared, the expenditures and incomes accruing from within the Bank on account of TPM interest distribution are nullified,” per the filing.
| Photo Credit:
NISSAR AHMAD

The Jammu and Kashmir Bank on Tuesday said it has received a demand order for GST liability of of ₹200.20 crore from the Additional Commissioner, Central GST Commissionerate, Jammu.

The demand order pertains to the period beginning from February 23, 2020 till March 2024 for transactions under the Banks Transfer Price Mechanism (TPM), according to the private sector bank’s regulatory filing.

“Since the Bank is, in law, a single legal entity comprising its Corporate Headquarter as also all the branches, it is legally obliged to reflect its financial statements prepared under the provisions of regulatory laws applicable to it for its whole entity.

“All the TPM entries are purely notional in nature and when entity level financial statements are prepared, the expenditures and incomes accruing from within the Bank on account of TPM interest distribution are nullified,” per the filing.

The Bank emphasised that the said mechanism has been adopted by all Banks in India pursuant to Reserve Bank of India;s 1999 guidelines, with the subject “Risk Management Systems in Banks” wherein the RBI provided for evolution of Fund Transfer Mechanism to supplement the Assets Liability Management in Banks.

The Bank said it has strong case on merits and has reasonable belief on the basis of expert opinion on subject that the demand is without legal justification and will be set aside by Court of appropriate jurisdiction.

Further, the Bank said it believes the demand order will have no material impact on its financials, operations or other activities.

The Bank mentioned that already a “Stay Order” has been granted by the High Court of Jammu and Kashmir & Ladakh at Srinagar against a similar GST demand on TPM transactions for the Bank on another GST registration of UT of Jammu and Kashmir.

Published on March 24, 2026



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Year-end liquidity management: RBI to provide liquidity aggregating ₹1.25 lakh cr to Banks via VRR auctions

Year-end liquidity management: RBI to provide liquidity aggregating ₹1.25 lakh cr to Banks via VRR auctions


RBI will conduct a 6-day VRR for ₹75,000 crore on March 27 (Friday) and a ₹50,000 crore 3-day VRR on March 30 (Monday).
| Photo Credit:
FRANCIS MASCARENHAS

The Reserve Bank of India (RBI) will conduct two Variable Rate Repo (VRR) auctions under the Liquidity Adjustment Facility (LAF) aggregating ₹1.25 lakh crore for the end of the financial year to provide flexibility to the banking system in year-end liquidity management.

The central bank provides liquidity to banks to overcome short-term liquidity mismatches via VRR.

RBI will conduct a 6-day VRR for ₹75,000 crore on March 27 (Friday) and a ₹50,000 crore 3-day VRR on March 30 (Monday).

Published on March 24, 2026



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India awaits delivery of 2.30 lakh tonnes of LPG

India awaits delivery of 2.30 lakh tonnes of LPG


Five tankers filled with roughly 2.30 lakh tonnes of liquefied petroleum gas (LPG) are idling in the Persian Gulf west of the Strait of Hormuz (SoH) awaiting a go-ahead from Iran to transit the world’s most critical energy choke point.

Speaking during the daily briefing on West Asia on Tuesday, Rakesh Kumar Sinha, Special Secretary at the Shipping Ministry, said that two Indian LPG vessels—Pine Gas and Jag Vasant—crossed the Strait of Hormuz last night and are heading towards India carrying LPG cargo.

Pine Gas (about 45,000 tonnes LPG) is bound for New Mangalore with ETA on March 27th morning, while Jag Vasant (about 47,612.59 tonnes LPG) is bound for Kandla with ETA on March 26th morning.

Of the remaining 20 vessels in the west of the SoH, there are five LPG laden tankers with around 3.20 lakh tonnes, which await safe passage through the SoH. One another LPG vessel is empty and which will also be loaded in 3-4 days, Sinha added.

Ministry of Petroleum and Natural Gas (MoPNG) Joint Secretary Sujata Sharma said that LPG supply continues to be monitored in view of the prevailing geopolitical situation.

“No dry-outs have been reported at distributorships. Panic bookings showed a marginal increase yesterday (Monday), while delivery of domestic LPG cylinders continues as normal,” she added.

Twenty-four States and UTs have issued orders to allocate the Non-domestic LPG in line with the guidelines issued by the Government of India. For the rest of the States/UTs, PSU Oil Marketing companies are releasing Commercial LPG cylinders.

A total of around 18,784 tonnes of LPG has been uplifted since March 14, 2026 by commercial entities in the States/UTs.

Enforcement actions continue across States to curb hoarding and black marketing, with about 3,400 raids conducted and around 1,000 cylinders seized in the past 24 hours. Major actions were reported in Andhra Pradesh, Haryana, Madhya Pradesh, Rajasthan and Telangana.

The PSU Oil Marketing Companies (OMCs) conducted more than 1,500 surprise inspections at retail outlets and LPG distributorships yesterday. So far, about 642 FIRs have been registered and around 155 people arrested.

Sharma assured that the country does not have any shortage of petrol and diesel and all retail outlets are operating normally across the country.

On supply of natural gas, Sharma said that priority sectors continue to receive protected supplies, including 100 per cent supply to domestic PNG and CNG transport, while supplies to industrial and commercial consumers connected to the grid are being maintained at around 80 per cent of their average consumption.

Published on March 24, 2026



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India’s summer crops coverage drops 2% as paddy, maize acreage trails

India’s summer crops coverage drops 2% as paddy, maize acreage trails


The government has fixed a target of 19.67 million tonnes (mt) of foodgrains production from summer crops
| Photo Credit:
Vengadesh R

With a coverage of over 16 lakh hectares (lh) in the past month, sowing of summer (Zaid season) crops, which will end by May, has reached 42.68 lh as of March 20. This is 2 per cent less than 43.69 lh reported in the year-ago period. Zaid crop is grown before kharif sowing and after rabi harvest.

Though the area under pulses and bajra is up, they are not able to make up for the overall drop in summer acreage as both paddy and maize crops’ acreage is lower this time. Farmers seemed to be opting for pulses as per the government plan as all the thrusts are on the crop diversification.

The government has fixed a target of 19.67 million tonnes (mt) of foodgrains production from summer crops which include 12.15 mt of rice, 4 mt of maize, 1.14 mt of nutri cereals and 2.39 mt of pulses in 2025-26 crop year (July-June). The target for bajra (millet) is set at 1.10 mt, urad (black gram) at 0.32 mt, moong at 2.07 mt and oilseeds at 1.37 mt.

Collating data separately

Last year, the summer season’s production was 19.11 mt of foodgrains – 11.28 mt of rice, 3.85 mt of maize, 1.26 mt of nutri cereals and 2.72 mt of pulses. Besides, the output of bajra was 1.23 mt, urad was 0.35 mt, moong was 2.37 mt and oilseeds at 1.33 mt.

Summer crop areas, were earlier included under kharif or rabi season, but the government a few years ago decided to start collating the data separately. The last five year’s average coverage under summer crops is 75.37 lakh hectares whereas the area reached an all time high of 83.92 lh in 2024-25. The share of summer crops was 5.3 per cent in the total foodgrains production of 357.73 mt in 2024-25.

According to the weekly update released by the Agriculture Ministry, paddy sowing was down 3 per cent at 27.86 lh from 28.65 lh, while nutri/coarse cereals area was 12 per cent down at 6.04 lh against 6.84 lh year-ago. Among the nutri/coarse cereals, maize area is 15 per cent lower at 4.24 lh from 5 lh, while bajra has reached at 1.38 lh against 1.35 lh, both ragi and jowar at 0.20 lh, each as on March 20.

MP urad bonus

Area under summer pulses reached 4.09 lh from 3.47 lh, in which coverage of moong reached 2.57 lh, and urad 1.28 lh. The key growers of summer pulses are Madhya Pradesh, Bihar, Odisha, Tamil Nadu, Uttar Pradesh and Gujarat. Summer pulses are key to offset when there is a fall in kharif crops. In 2025-26 kharif pulses production has been estimated at 7.63 mt from 7.73 mt in 2024-25 and Rabi-grown pulses at 16.24 mt against 15.23 mt.

Madhya Pradesh, the main producer of summer moong, recently announced a bonus on the urad crop grown in summer. Announcing the bonus of ₹600 per quintal over and above the Minimum Support Price (MSP) of Rs 7,800/quintal for urad, the state government said that the step is aimed at encouraging farmers to shift from moong during the summer (zaid) season.

Oilseeds area in this summer season is lower at 4.69 lh from 4.73 lh and it includes groundnut at 2.97 lh and sesamum at 1.42 lh.

Published on March 24, 2026



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अभी तक नहीं मिला ITR रिफंड का पैसा? लाखों टैक्सपेयर्स का अटका भुगतान, जानें इसकी वजह…

अभी तक नहीं मिला ITR रिफंड का पैसा? लाखों टैक्सपेयर्स का अटका भुगतान, जानें इसकी वजह…


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Key points generated by AI, verified by newsroom

ITR Refund Delay: टैक्स रिटर्न फाइल करने वालों के मन में सवाल होता है कि उन्हें रिटर्न कब मिलेगा. लेकिन कई लोगों को लंबा इंतजार करना पड़ जाता है. इस बीच वित्त वर्ष 2025-26 में रिफंड में हो रही देरी फिर चर्चा में है.

क्योंकि बड़ी संख्या में टैक्सपेयर्स महीनों बाद भी अपने पैसे का इंतजार कर रहे हैं. आइए जानते हैं, आखिर इस देरी के पीछे की वजह क्या है?

आंकड़ों में समझिए देरी की वजह

सरकारी डेटा के मुताबिक 24 मार्च 2026 तक कुल 8,89,20,822 रिटर्न फाइल किए गए है. जिनमें से 8,77,86,233 वेरिफाई हो चुके हैं. इसके बाद 8,50,59,270 प्रोसेस किए जा चुके हैं. 

यानी अभी भी करीब 27 लाख रिटर्न प्रोसेस होना बाकी है. जिसके कारण कई लोगों का रिफंड अटका हुआ है और उन्हें भुगतान मिलने में देरी हो रही है. अगर आपको भी रिटर्न मिलने में समय लग रहा है तो इसके पीछे कुछ कारण हो सकते हैं. 

रिफंड में देरी की वजहें

. अगर आपके ITR, AIS और Form 26AS की जानकारी आपस में मैच नहीं करती, तो सिस्टम इसे जांच के लिए रोक देता है. रिफंड में देरी की यह भी एक वजह होती है. 

. जिन लोगों ने रिटर्न फाइल करने के बाद ई-वेरिफिकेशन पूरा नहीं किया है, उनके केस आगे नहीं बढ़ाए जाते हैं. इसलिए रिफंड अटक जाता है.

. आखिरी तारीख के आसपास बड़ी संख्या में लोग एक साथ ITR भरते हैं. जिससे सिस्टम पर दबाव बढ़ता है और प्रोसेसिंग धीमी हो जाती है.

. जिन रिटर्न में कई तरह की इनकम, कैपिटल गेन या ज्यादा रकम का रिफंड होता है. उन विषयों में  ज्यादा जांच होती है, इसलिए समय ज्यादा लगता है.

. अगर बैंक अकाउंट की जानकारी गलत है या PAN से लिंक नहीं है, तो भी रिफंड जारी होने में दिक्कत आ सकती है. 

यह भी पढ़ें: 8th Pay Commission: केंद्रीय कर्मचारियों और पेंशनर्स को मिल सकती हैं बड़ी राहत, सैलरी में होगा जबरदस्त इजाफा…



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