Fresh Traffic Challan: In Bihar, the transportation agency has been more stringent about adhering to traffic rules. The department has established a time limit for paying the challan sum. If the challan penalty is not paid within 90 days, the vehicle will be blacklisted. Following this, the car owner will be unable to obtain vehicle fitness, pollution, ownership transfer, and other services. This means that the vehicle will be entirely worthless.
In fact, a departmental assessment discovered that even after the challan is issued, many do not pay the fine for a year. In light of this laziness, the department has urged all districts to adopt strong measures. After the new system is implemented, when people disobey traffic regulations and receive a message on their mobile device, the vehicle owner is notified that their challan was issued. The fine will have to be paid within 90 days of receiving the message .
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Fresh Traffic Challan : Violators are caught using cameras
A control and command center at Gandhi Maidan has been established to supervise the e-challan issuance system. The traffic system can be completely observed here, thanks to cameras set across the capital. E-challans are issued via these cameras for failing to wear helmets or seat belts, breaching traffic signals or stop lights, exceeding speed limits, triple riding, and so on.
Fresh Traffic Challan : 350 ANPR cameras are scheduled to be placed soon.
The goal is to have 350 ANPR cameras installed throughout the state by April of next year. ANPR cameras are also being put in Bihar Sharif, Muzaffarpur, and Bhagalpur, specifically as part of the Smart City project. The Transport Department has requested a list of chosen districts’ ANPR camera locations. There are plans to put such cameras in the Patna area as well.
According to the departmental evaluation, even after a challan is issued, people do not pay the fine for one year. As a result of this laziness, the department has urged all districts to take harsh action.
Youtube New Service: The popular video streaming network YouTube has unveiled a new retail service known as Youtube retail. Youtube has introduced this program in collaboration with Flipkart and Myntra. With this feature, artists can list products in their long videos, and product links can also be included in short movies. Users will earn a commission on the sale of these products.
Only YouTubers with at least 10,000 subscribers on their channel will profit from the new functionality. Creators must first join the YouTube Partner Program before they can sign up for the new function. Users will be able to earn commission on purchases made through links from the retailer’s website if they list products with the Youtube Shopping feature. Let us explain how you can enroll.
You have to follow these simple steps:
Launch YouTube on your smartphone, then navigate to Youtube Studio.
On the left side, you’ll notice the Earn option; click it.
After that, you’ll see the ‘Programs’ option; click on it and select the Join Now option.
After agreeing to the terms and conditions, you will be given the choice to use the new feature.
Only the following YouTube creators are eligible:
In terms of YouTube Shopping Program eligibility, videos and channels created for children will not be eligible to participate. Apart from that, music channels, official artist channels, and publisher channels will be unable to sign up for this program. Many items can be tagged in each video, but there is a limited of 30 items per movie.
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Creators will also have the option to pin items during livestreams. Aside from that, users can make money through Super Thanks to Brand Connect, channel membership, and income.
YouTube affiliate shopping is now available in India. The video streaming behemoth has collaborated with Flipkart and Myntra on the service. Creators can now include products from these two e-commerce platforms in their movies and earn commissions. Here are the specifics.
YouTube New Service Affiliate Shopping is now live in India, including indirect ads even for premium users.
The new YouTube Shopping tool enables producers to endorse products in their videos and provide direct purchasing links to their audience. It is only available to creators who meet the monetization criteria of having 10,000 or more members. The service was previously offered in the United States and some European nations, and has recently been expanded to India.
YouTube users will see a new buying icon on both the official YouTube app and website for long-form and vertical videos. They will be able to peruse a catalogue of products, which may be merchandise or any other item recommended by the developer. The purchasing links will only come from Flipkart and Myntra.
When a visitor makes a purchase through YouTube Shopping, the creator earns a small commission. This feature will not be available on YouTube Kids. If a creator breaches the platform’s Community Guidelines, they will be removed from the service.
YouTube says it will stop embedding products that violate its policies. However, there is no clarification regarding the platform’s filters.
The YouTube Shopping service will be available to all users, including YouTube Premium members. While it is a useful option for artists to display their items and engage with their audience, it may be perceived as obtrusive by certain users. YouTube does not presently give viewers the choice to disable YouTube Shopping.
MS Dhoni : CSK franchise is trying to expand its player retention strategy after former captain MS Dhoni revealed his aspirations for the IPL in the future. Dhoni recently stated that he intends to enjoy the last few years of his cricket career.
“I simply want to enjoy every moment of cricket that I can play,” Dhoni told . “When you play cricket as a professional sport, it’s difficult to enjoy it as a game.” That is what I would like to do. It’s difficult.
“The emotions continue to flow, and the commitments remain. I hope to continue enjoying the game for the next few years. I have to stay in shape for nine months in order to play in the IPL for two and a half months. You should plan ahead of time, but also relax,” he added.
Kasi Viswanathan, CEO of the franchise, has now spoken out about the development. “What else do we want (when he’s ready). “We are pleased,” Viswanathan told Cricbuzz.
According to the report, Dhoni would call the team owner, N Srinivasan, to finalise the list of retentions. The final deadline to confirm retentions is October 31, and franchises can keep up to six players, with a maximum of five capped.
Dhoni would remain uncapped after the IPL Governing Council reinstated the regulation that had been suspended in 2021. The five-time champions plan to pay Dhoni INR 4 crore for the forthcoming season. “A certified Indian player shall become uncapped if, in the five calendar years preceding the year in which the relevant Season is played, the player has not appeared in the starting XI in International Cricket (Test match, ODI, Twenty20 International) or does not hold a Central Contract with the BCCI.” The rule states that this will only be applicable to Indian players.
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Notably, according to Cricbuzz, CSK will retain Ravindra Jadeja as their first pick for INR 18 crore, followed by skipper Ruturaj Gaikwad for INR 14 crore. Matheesha Pathirana has accepted to be the third retainer for INR 11 crore.
In addition to the four players listed above, the five-time champions can keep two extra players. Shivam Dube, Devon Conway, Rachin Ravindra, and uncapped Sameer Rizvi are all potential choices.
Will MS Dhoni remain uncapped?
CSK may keep the five-time IPL winning skipper as an uncapped player for ₹4 crore, given he has not played for the BCCI or national team in five years.
Dhoni resigned as CSK captain earlier this year, and Ruturaj Gaikwad will lead the squad in the 2024 IPL season.
Dhoni had given Ravindra Jadeja the captaincy of CSK in 2022, but the World Cup-winning skipper returned midway through the season. In 2023, Dhoni led CSK to their fifth IPL championship.
Dhoni is an important component of CSK, and the team owners are allegedly eager to keep him on board. According to multiple sources, CSK management plans to meet with Dhoni next week to decide on his future with the organization.
CSK did not qualify for the playoffs in the IPL 2024 after losing a key league stage game against RCB.
MS Dhoni proved his six-hitting prowess in the IPL 2024, hitting 13 sixes. It is worth noting that he only faced 73 balls in the entire competition. Aside with 13 sixes, Dhoni also managed to reach 14 hours.
Special trains operated by Indian Railways : Good news for rail users. The Railways has chosen to conduct over a dozen special trains in honor of the Diwali, Dhanteras, Bhai Dooj, and Chhath festivals. These trains will go through Madhya Pradesh, Bihar, Delhi, and Uttar Pradesh.
The routes and schedules for all of these trains are provided here. Passengers can also obtain extensive information on the stops of these special trains from the railway station, rail help number 139, or online.
Special trains operated by Indian Railways will run in November.
From October 14 to November 4, 2024, train number 07363 SSS Hubli Rishikesh Special will depart SSS Hubli station at 8.30 p.m. on Mondays. On Wednesday at 11.30 p.m., this train will arrive in Yoga Nagari Rishikesh. From October 17 to November 7, 2024, train number 07364 Rishikesh SSS Hubli Special will depart Yoga Nagari Rishikesh at 6.15 a.m. every Thursday and arrive at SSS Hubli at 6.30 a.m. on Saturday.
Train No. 04608 Jammu Tawi-Howrah Diwali Special will depart from Jammu Tawi at 20.20 hrs on 30.10.2024 and 04.11.2024 and arrive in Howrah at 13.20 hrs the following day, stopping in multiple stations. Train No. 04607 Howrah-Jammutvi Puja Special will depart Howrah at 23.45 hrs on 01.11.2024 & 06.11.2024 and arrive in Jammu Tawi at 15.20 hrs the following day, stopping at multiple stations.
Shri Mata Vaishno Devi Katra-Kamakhya Train No. 04680 Diwali Special will depart Shri Mata Vaishno Devi Katra at 18.40 hrs on 28.10.2024 and 02.11.2024 and arrive in Kamakhya at 21.00 hrs the next day, making stops at numerous stations. Train 04679 Kamakhya-Shri Mata Vaishno Devi Katra Puja Special will depart Kamakhya at 06.00 hrs on 31.10.2024 and 05.11.2024 and arrive at Shri Mata Vaishno Devi Katra at 06.20 hrs the next day, stopping at various stations. This train will go from New Jalpaiguri to Barauni Junction, then to Hajpur (via Shahpur Patori) and finally to Chhapra.
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Train number 04662 Amritsar-Saharsa Puja Special will depart from Amritsar at 20.10 hrs on 29.10.2024 and 03.11.2024 and arrive in Saharsa at 05.00 hrs the following day, stopping at various stations. In return, train number 04661 Saharsa-Amritsar Puja Special will depart Saharsa at 10.00 hrs on 31.10.2024 and 05.11.2024 and arrive in Amritsar at 06.20 hrs the following day, stopping at various stations. This train will travel from Hajipur to Muzaffarpur and then to Chhapra.
Train number 04520 Ambala-Darbhanga Diwali Special will leave Ambala at 19.00 hrs on October 25, 2024 and arrive in Darbhanga at 19.00 hrs the following day, stopping at several stations. In return, train number 04519 Darbhanga-Amritsar Puja Special would depart Darbhanga at 21.30 hrs on October 26, 2024 and arrive in Amritsar at 06.30 hrs the following day, stopping at numerous stations.
Train No. 09461 Ahmedabad-Danapur Special will depart Ahmedabad at 08.25 hrs on Saturdays from October 26 to November 16, 2024, and arrive in Danapur at 16.50 hrs on Sundays. In return, from October 27 to November 17, 2024, 09462 Danapur-Ahmedabad Special will depart every Sunday at 21.55 hrs and arrive in Ahmedabad at 07.10 hrs on Tuesday.
Train No. 06055 Coimbatore-Barauni Special will depart Coimbatore at 11.50 a.m. on Saturdays from October 26 to November 16, 2024, and arrive in Barauni at 14.30 a.m. on Monday. In exchange, 06056 Barauni-Coimbatore Special would depart every Tuesday between October 29 and November 19, 2024 at 23.45 hrs and arrive in Coimbatore on Friday at 03.45 hrs.
Train No. 07315 Ambala-Muzaffarpur Diwali Special would depart Ambala at 17.20 hrs on November 4, 2024 and arrive Muzaffarpur at 16.00 hrs the next day, stopping at various stations. In return, Train No. 07316 Muzaffarpur-Ambala Puja Special would leave Muzaffarpur at 13.15 hours on 09.11.2024 and arrive in Amritsar at 06.30 hrs the next day, stopping at several stations.
Train No. 07649 Maula Ali (Secunderabad)-Muzaffarpur Diwali Limited will depart from Maula Ali every Monday from October 28 to November 11, 2024 at 16.45 hrs and arrive in Muzaffarpur on Wednesday at 02.30 hrs, making stops at various stations. In return, train number 07650 Muzaffarpur-Maula Ali Puja Special will depart Muzaffarpur every Wednesday from 30.10.2024 to 13.11.2024 at 04.50 hrs and arrive in Amritsar the following day at 06.30 hrs, stopping at a variety of stations.
Yeshwantpur-Kottayam Express Festival Special (Train No. 06215) will depart Yeshwantpur on Tuesday, October 29, 2024 (at 6.30 p.m.). The following day, at 8.10 a.m., they will arrive in Kottayam. On the return journey, this train will be renamed Kottayam-Yeshwantpur Express Festival Special 06216 and will depart from Kottayam at 11.10 a.m. on Wednesday, October 30, 2024. This train will arrive the following day at 1.15 p.m.
Train number 03507 Asansol-Nautanwa Particular will depart Asansol at 16:05 on November 2, 2024 and arrive in Nautanwa at 07:35 the next day. The 03508 Nautanwa-Asansol Special will leave Nautanwa at 08:40 and arrive in Asansol at 01:25 the next day, November 3, 2024. In both directions, this train will make stops at Chittaranjan, Madhupur, Jasidih, Jhajha, Kiul, Barauni, Samastipur, Muzaffarpur, Hajipur, Chhapra, Siwan, Bhatni, Deoria Sadar, Gorakhpur, and Anand Nagar stations.
Train No. 03501 Asansol-Katihar Special will depart Asansol at 14:30 hrs on November 3, 2024 and arrive at Katihar at 01:30 hrs the following day. Train 03502 Katihar-Asansol Special will depart Katihar at 04:15 hrs on November 4, 2024 and arrive in Asansol at 14:45 hrs comparable day. In both directions, the train will make stops in Chittaranjan, Madhupur, Jasidih, Jhajha, Kiul, Barhiya, Hathidah Junction Upper, New Barauni, Begusarai, Sahibpur Kamal, Khagaria, Thana Bihpur, Naugachhia, and Kursela.
Train No. 09115 Vadodara-Gaya Special departs at 00.45 hrs on October 29 and arrives at Gaya Junction at 07.00 hrs the following day. Train No. 09116 Gaya-Baroda Special will depart at 10 a.m. on October 30 and arrive in Vadodara at 14 a.m. the following day.
5 Days of Banking: The government has the authority to accept a proposal for bank staff in India to work five days per week. The Finance Ministry can approve a request to close bank branches for two days in December 2024. If this system is followed, banks will be closed every Saturday and Sunday. Banks are currently closed exclusively on Sundays, as well as the second and fourth Saturdays. This has the potential to be a significant milestone in the banking system. This is a key step towards improving the work-life balance of banking personnel. The Indian Banks Association (IBA) and staff unions have reached an agreement on this problem. For a long time, bank staff demanded 5-day work weeks.
If the government adopts this plan, bank staff will have Saturday and Sunday off. This will extend the working hours by 40 minutes per day. Banks are typically open from 9:30 a.m. to 5:30 p.m., but this may soon alter to 9 a.m. to 5:40 p. However, some branches continue to open from 10 a.m. to 4 p.m.
5 Days of Banking: Monday through Friday, banks will be open for an extra 40 minutes.
The Indian Banks Association (IBA) and the staff unions have achieved an agreement. Bank staff unions have stated that this will not result in reduced customer service hours. In addition, a suggestion has been made to expand working hours by 40 minutes. A Memorandum of Understanding was signed in December 2023 between the IBA and bank unions representing public and private sector banks. Following this, on March 8, 2024, the IBA and the All India Bank Officers Confederation issued a joint statement providing information regarding working five days a week and weekend holidays.
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When will the government let banks take two days off?
In a September 2024 post on X, the All India Bank Officers Confederation (AIBOC) requested that the Ministry of Finance and the Prime Minister’s Office approve this proposal as soon as possible. AIBOC stated that this is vital for the well-being of bank personnel and to improve the banking sector’s productivity. According to sources, bank staff unions expect the government to deliver the notice before the end of the year or early in 2025.
The government last gave a holiday on two Saturdays in 2015.
Once authorized, Saturdays will be recognized as official holidays under Section 25 of the Indian Unions Act. Banks are currently closed on just the second and fourth Saturdays. Since 2015, bank unions have been demanding all-day Saturday and Sunday holidays. The RBI and the government agreed with the IBA to announce holidays on the second and fourth Saturdays as part of the tenth bilateral agreement in 2015.
5 Days of Banking: Bank staff will profit
Customers will need to confirm the hours of operation of local branches once the revised list is available. The ultimate decision of the national government can help to maintain the work-life balance of bank employees across India. A senior bank official stated that a 5-day work week would be extremely advantageous for bank staff, allowing them to recharge and enhance production. Banking professionals have been eagerly awaiting government permission for quite some time. The administration is scheduled to reach a resolution by December 2024.
The Indian government may approve a proposal to require bank staff to work five days a week. The Finance Ministry may approve a proposal to close bank branches for two days by December 2024. If this plan is adopted, banks will be closed every Saturday and Sunday.
UP Expressway : According to reports, a big project will be added to Uttar Pradesh’s developing expressway network. According to reports, the Ghaziabad-Kanpur Expressway, a 380-kilometer greenfield expressway from Ghaziabad to Kanpur, is now under development. This expressway will be an important link, reducing the distance between Ghaziabad and Kanpur significantly.
UP Expressway Will connect 9 districts
According to sources, it will also link nine districts in Uttar Pradesh. These districts are Ghaziabad, Hapur, Bulandshahr, Aligarh, Kasganj, Farrukhabad, Kannauj, Unnao, and Kanpur.According to reports, it now takes 7-8 hours to go from Delhi-Ghaziabad to Kanpur. According to sources, the travel will take only 5 hours and 30 minutes after construction is completed.
This expressway will provide numerous benefits in addition to lowering travel time. This will improve traffic flow and lead to the creation of industrial parks in the aforementioned nine areas. Special regions for industrial development are defined in the highway plan.
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This highway is expected to connect with the Kanpur-Lucknow highway in the south and the NH-9 (Ghaziabad-Hapur Highway) in the north. Originally, the aim was to build this project from Hapur to Kanpur. A 60-kilometer-long connector road will be built to connect Hapur to the Meerut Expressway. This would lead to improved connectivity for both Hapur and Meerut.
According to sources, the 380-kilometer greenfield expressway’s initial construction will be limited to four lanes. This can be enlarged to six lanes in the future. This expressway is important for its eventual connectivity to Noida’s Jewar Airport, also known as Noida International Airport. This functionality will make it easy for Kanpur to link with Delhi or Ghaziabad.
According to sources, the Ghaziabad-Kanpur Expressway is anticipated to be finished by 2026. The completion of the expressway will also make it easy to travel from Delhi-NCR to Kanpur and other cities in Uttar Pradesh, resulting in an enormous shift in the state’s traffic and industrial landscape.
UP Expressway will consist of four lanes
According to the report, it will start as a four-lane highway and can be enlarged to six lanes later.
Time will be reduced
There would be relief from traffic bottlenecks on the way to Kanpur from New Delhi and the nearby districts. On the other side, time will be saved.
Distances will be minimized
After the expressway is completed, the journey from Ghaziabad to Kanpur will take approximately 5.30 hours. This expressway is intended to eventually connect Kanpur to Jewar Airport in Noida.
Where will it be linked?
The northern part will be linked to NH-9 (Ghaziabad-Hapur Highway), while the southern end would link to the 62.7-kilometer Kanpur-Lucknow Expressway.
It will connect to the Meerut Expressway
Originally, it was planned to go from Hapur to Kanpur, but that was modified. A 60-kilometre connector road will be built to connect Hapur to the expressway. This expressway will also link up with the Meerut Expressway in Hapur.
Many cities will benefit from UP Expressway
After the highway connecting Ghaziabad and Kanpur is completed, connectivity to numerous cities in Uttar Pradesh from Delhi-NCR will be improved. This freeway is under construction. According to media reports, it will be completed by 2026.
So far, Uttar Pradesh has benefited from numerous expressways. The state’s expressway network is steadily increasing. Another expressway will be added to this list shortly. A 380-kilometer-long expressway is being built between Noida and Kanpur, which borders Delhi.
McDonald’s officials revealed that fresh onions linked to a fatal E. Coli food poisoning crisis at the restaurant chain were sourced from a California-based agricultural supplier. Other fast-food restaurants, including Burger King, Pizza Hut, KFC, and Taco Bell, have eliminated onions from their menus in the interim.
According to McDonald’s officials, the fast-food chain banned Quarter Pounder hamburgers from many states after Taylor Farms in Salinas, California, provided onions to one distribution plant. McDonald’s did not provide a specific location. A burger-related outbreak has infected at least 49 people in ten states, including one who died, according to federal health officials. Investigators claimed slivered onions were a potential source of the infections.
US Foods, a major supplier to restaurants across the country, reported on Thursday that Taylor Farms had recalled whole and chopped yellow onions that had been peeled this week due to potential E. Coli contamination. According to a US Foods spokesman, the recalled onions came from a Taylor Farms factory in Colorado. The wholesaler did, however, explain that it was not a McDonald’s supplier and that no items sold in the fast-food chain’s restaurants were affected by the recall.
What concerning the other businesses?
Other national restaurant chains temporarily stopped using fresh onions in the interim. Yum Brands released the following statement: “We have aggressively removed fresh onions from selected Taco Bell, Pizza Hut, and KFC restaurants, as we continuing to monitor the recently reported E Coli outbreak, and out of an abundance of caution.”
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Based in Louisville, Kentucky. Yum Brands did not say whether it employs the same supplier as McDonald’s or where the onions were taken out. Yum Brands indicated that it will continue to follow the guidance offered by regulators and suppliers.
The symptoms of E. Coli
E. Coli poisoning symptoms may occur a day or two after consuming contaminated food. Fever, vomiting, diarrhea, or bloody diarrhea, and signs of dehydration, such as increased thirst, dizziness, and little to no urination, are common. Children under the age of five, the elderly, pregnant women, and people with weakened immune systems are particularly vulnerable to the virus.
McDonald’s incident
In the McDonald’s incident, at least ten people have been hospitalized, including a toddler who developed a severe kidney illness complication as a result of his infection. The illnesses were diagnosed between September 27 and October 11, according to the US Centers for Disease Control and Prevention.
The victims were infected with E. coli 0157:H7, a bacterium that produces a deadly toxin. It causes over 74,000 infections in the United States each year, resulting in over 2,000 hospitalizations and 61 fatalities, according to the CDC.
A guy from Greeley, Colorado, is suing McDonald’s after developing an E. coli illness. Eric Stelly claimed in a lawsuit filed this week that he became ill two days after eating at a local McDonald’s on October 4. After he sought emergency treatment, health officials confirmed that his infection was part of the outbreak.
Symptoms of E. coli poisoning can develop fast, within a day or two of ingesting infected food. They often include fever, vomiting, diarrhea or bloody diarrhea, as well as indicators of dehydration such as decreased urinating, increased thirst, and dizziness. The illness is particularly deadly for children under the age of five, the elderly, pregnant women, and those with compromised immune systems.
DA increase : Uttar Pradesh Chief Minister Yogi Adityanath has presented a generous gift to state government employees and retirees in honor of Diwali. The state administration has announced a 3% rise in the dearness allowance (DA) for employees and pensioners. With this growth, DA has now reached 53%. This will assist around 17 lakh UP state employees and teachers. Let us tell you that the Uttar Pradesh government recently announced a Diwali bonus.
The UP government has stated that the dearness allowance will go into effect on July 1. Similarly, it will be added to the salary received on October 30, 2024. Previously, the central government boosted the employees’ dearness allowance by 3%.
Diwali bonus for Uttar Pradesh employees.
Employees will receive Rs 6908 in addition to their salaries as part of the Diwali bonus. However, only 25% of the bonus sum (Rs 1727) will be paid in cash, with the remaining 75% placed in their General Provident Fund (GPF) accounts. The enhanced salary and bonus payment for this month will place an additional financial burden of Rs 1022 crore on the state government.
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Employees and officials receive a one-time pay increase and a twice-yearly DA increase. DA is often increased between January and July, while pay increases in July or January.
DA increase in Arunachal Pradesh
The Arunachal Pradesh government has given approval to a 3% increase in the salary allowance (DA) and Cost Relief (DR) for current and retired employees. It takes effect on July 1, 2024. This increase will take the existing DA and DR rates from 50% to 53%, impacting about 68,818 state employees. Deputy Chief Minister Chowna Mein announced the statement on October 23.
DA increase on Diwali
In terms of Diwali bonus, employees in Uttar Pradesh would receive Rs 6908 in addition to their income. However, only 25% of the bonus sum, Rs 1727, will be provided in cash, with the remaining 75% placed in their General Provident Fund (GPF) accounts.
Gift Tax : Diwali, or the Hindu festival of Lights, is a time of happiness, celebration, and gift exchange. Giving and receiving gifts, whether in the form of cash, jewelry, or other costly objects, is an important element of Indian culture, especially around Diwali. However, from a tax viewpoint, many people are still unsure about the tax implications of gifts. Do Diwali presents trigger taxes, and if so, what are the rules?
Understanding the Fundamentals of Gift Tax in India
In India, presents were taxed by the Gift Tax Act of 1958, but the Act was repealed in 1998. However, certain laws relating to gift taxation were reintroduced in 2004 under the Income Tax Act of 1961. According to these laws, gifts received by an individual or Hindu Undivided Family (HUF) that surpass a certain amount are deemed income and are taxed.
Section 56(2)(x) of the tax code specifies how gifts are taxed. The provisions apply to all types of presents, including those received during holidays such as Diwali. Gifts might include cash, moveable or immovable property, and even financial instruments. However, every taxpayer should be aware of specific exemptions and restrictions in order to avoid any tax liabilities.
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What types of gifts are taxable?
According to Section 56(2)(x), the following forms of gifts are taxed if their total value exceeds Rs 50,000 in a financial year:
Monetary gifts include cash, checks, or bank transfers.
Movable Property: Jewelry, stocks and securities, bullion, artwork, etc.
Immovable Property: Land, buildings, and other real estate.
If the total value of gifts in these categories exceeds Rs 50,000 in a given fiscal year, the full amount is treated as “Income from Other Sources” and added to the recipient’s taxable earnings.
Exemptions for Gift Tax
While the law requires that donations above Rs 50,000 be taxed, many exclusions exist to allow recipients avoid taxation. The important exemptions are as follows:
1.Gifts from Relatives: Any gift from a “relative” is tax deductible, regardless of its value. In accordance with the Income Tax Act, relatives include:
The individual’s spouse
sibling (brother or sister)
Parents and grandparent
Children (son or daughter)
Siblings and parents of spouse
In-laws (son’s wife or daughter’s spouse).
For example, if your parents give you Rs 1 lakh in gold jewelry for Diwali, it is not taxable because it falls under the exemption for gifts from relatives.
Gifts Received on Special Occasions: Wedding gifts, regardless of who the donor is, are exempt from taxation. This exemption, however, is only applicable to weddings and does not extend to other special occasions such as birthdays, anniversaries, or festivals such as Diwali.
Gifts from Friends or Non-Relatives: If the total value of gifts from friends or non-relatives exceeds Rs 50,000 in a fiscal year, they are taxable. If the value of such presents does not exceed Rs 50,000, they are not taxed.
Inheritances: Any property or money inherited or acquired through a will is not considered taxable income. This includes inherited properties from previous generations.
Gifts to Charitable Institutions: If you make a contribution to a charitable institution or trust, it is not taxed, and you may be eligible for Section 80G tax breaks, depending on the type of nonprofit organization.
Taxation of Employer Gifts during Diwali
Employers frequently give their employees presents during Diwali, such as coupons, electronics, or bonuses. These gifts are taxed based on their value and form.
Cash Gifts: If the employer gives the employee cash, it is completely taxable as part of their compensation.
Non-Cash presents: Non-cash presents (such as vouchers, electronics, or appliances) worth up to Rs 5,000 are tax-free. If the value of non-cash presents exceeds Rs 5,000, the excess amount is added to the employee’s taxable salary and taxed at the applicable income tax rate.
Bonus Payments are made Any Diwali bonus provided by the company is considered part of the employee’s salary and is fully taxed.
Recording and Reporting of Gifts
It is critical to keep track of presents received, especially if they are large in value. If the total value of gifts exceeds Rs 50,000, the taxpayer must record this under “Income from Other Sources” while completing their income tax return (ITR).
Furthermore, for high-value gifts such as property or luxury items, it is recommended that the transactions be thoroughly documented, including the donor’s information, to avoid tax audits.
Conclusion
While Diwali is a time of joy and generosity, it is critical to keep knowledgeable about the tax implications of presents. Gifts in India are taxable if they exceed Rs 50,000 in a fiscal year, unless they originate from an exempt source, such as relatives or weddings. As a responsible taxpayer, you should be aware of the applicable exemptions and thresholds to avoid unexpected tax liabilities. Celebrate Diwali with love and pleasure, but make sure you understand your tax requirements.
Ascorbic Acid, also known as Vitamin C, is an extremely important nutrient. It improves digestion and overall health, although it is best known as an immune booster. If there is a lack of it, the risk of cold, cough, flu, and viral fever increases. If you wish to avoid these difficulties, eat foods high in ascorbic acid.
Here are some of the ones mentioned below: One of its primary duties is to defend the body from infections, such as the common cold and flu. A lack of ascorbic acid can weaken the immune system, increasing vulnerability to disease. As a result, sustaining an adequate Vitamin C consumption is critical to lowering the risk of viral infections and preserving good health, particularly during flu season. The good news is that many foods contain ascorbic acid, and include them in your diet can help increase your immunity naturally.
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Ascorbic Acid : Here are five foods to consider incorporating into your diet.
Citrus fruits : Citrus fruits are among the best-known sources of vitamin C. Oranges, lemons, grapefruits, and limes are high in ascorbic acid and easy to incorporate into your everyday diet. One orange has roughly 70 mg of Vitamin C, which is approximately 78% of the daily required amount. Citrus fruits are high in Vitamin C, but they also include flavonoids, which have antioxidant characteristics that assist to strengthen the immune system and fight against cold and flu viruses.
Bell peppers :Surprisingly, bell peppers—particularly the red variety—have more Vitamin C than most citrus fruits. A single cup of chopped red bell pepper contains roughly three times the amount of Vitamin C found in an orange, totaling 190 mg. This makes bell peppers a good choice for increasing ascorbic acid intake. They also include beta-carotene, which the body transforms into Vitamin A, another essential ingredient for sustaining a healthy immunological response.
Broccoli : Broccoli is another potent food that is high in Vitamin C, antioxidants, and fiber. One cup of broccoli contains 81 mg of vitamin C, as well as a variety of other essential components such as vitamins A, E, and K. Consuming broccoli on a regular basis may assist boost immune function while also benefiting general health. Furthermore, its antioxidant qualities can reduce inflammation and oxidative stress, which are frequently exacerbated by illnesses such as colds and flu.
Strawberries :Strawberries are a tasty and healthful source of Vitamin C. A cup of strawberries contains around 89 mg of vitamin C, as well as other essential elements including manganese and flavonoids. Strawberries not only increase immunity but also improve skin health, as Vitamin C is essential for collagen formation. Including strawberries in your diet, whether as a snack or in smoothies, can help your body fight infections and support general health.
Kiwi :This little, fuzzy fruit is high in Vitamin C, comprising approximately 71 mg per medium-sized fruit. Kiwi has other immune-boosting components such as vitamin E, potassium, and fiber. Its nutrient profile contributes to the body’s natural defenses, inflammation reduction, and resistance to respiratory infections. Eating kiwis on a daily basis can deliver a high dosage of ascorbic acid, which can support your immune system and help you avoid cold and flu symptoms.
Conclusion : Consuming Vitamin C-rich foods like citrus fruits, bell peppers, broccoli, strawberries, and kiwi help increase immunity and reduce the risk of colds and flu. Ascorbic acid is required for the immune system to operate properly, and a deficit might make your body more susceptible to illnesses. Consuming a variety of these fruits and vegetables will guarantee that you receive enough Vitamin C to keep your immune system strong and your body safe during flu season.
