European Commission rebukes Cyprus over money laundering
Fact: The EU Commission sent a reasoned opinion to Cyprus for failing to correctly incorporate EU legislation covering money laundering and financial interests.
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Direct tax collections jump by 18 per cent to Rs 19.58 lakh crore, exceeds estimates in FY24
The gross corporate tax collection (provisional) in FY 2023-24 was up 13.06 per cent to Rs 11.32 lakh crore.
Veterinary services must investigate dog importation, says ombudswoman
Ombudswoman Maria Stylianou-Lottides criticized the veterinary services for failing to address complaints about uncontrolled dog importation into Cyprus.
Union head claims police chief , ‘silenced him’
Fact: Head of the police branch of Isotita trade union Nikos Loizides received a threatening letter from police chief Stelios Papatheodorou for disclosing internal police matters and using offensive language in televised interviews.
‘Turkey is under no obligation to respond to us’
Fact: Turkey is “under no obligation to respond” to the north’s authorities over the matter of Cypriots being refused entry into Turkey.
Call to suspend legal costs in Astrasol case
Residents involved in the Astrasol case have been vindicated for the link between cancer incidents and pollution from a factory. However, due to procedural errors, they lost the case and are now facing payment of legal costs. They have appealed to the European Court of Human Rights, highlighting the high toll of cancer in the area with 47 deaths and 67 illnesses.
Israeli military intelligence head resigns over Oct. 7 failures
The head of Israeli military intelligence, Major General Aharon Haliva, has resigned after accepting responsibility for the failures that allowed the devastating Hamas-led attack on Israel on Oct. 7.
India’s direct tax collection surges 18% to Rs 19.58 lakh crore, exceeds targets
India’s net direct tax collections for the fiscal year ended March 2024 surged by 17.7 per cent to Rs 19.58 crore, exceeding both Budget and revised estimates.
Direct tax collection increases by 17.7% to Rs 19.58 crore in FY24
India’s net direct tax collections increased by 17.7% year over year to Rs 19.58 crore in the fiscal year that ended in March 2024, surpassing revised projections and budget estimates.
Larnaca port and marina financial guarantee still not received
– Transport Minister Alexis Vafeadis stated that the contractor company’s guarantee for the unified development of the Larnaca Port and Marina has not been received yet.
– A two-day deadline will be granted for the guarantee to be provided, after which instructions will be sought from the Legal Service.
– The financial guarantee under the contract amounts to €10 million, with the consortium having placed €4.2 million so far.
– The consortium filed a case against the government for causing delays and breaching the contract.
– The guarantee is an essential term of the contract and needs to be submitted for the project to move forward.
– Competent committees require time to review the contractor’s requests, which may take longer than a week.
– Larnaca’s Mayor emphasized the need for timely action to ensure the commencement of construction work on the project.