Direct tax collection jumps 17.7% in FY24
Fact: India’s net direct tax collections surged by 17.7% year-on-year to Rs 19.58 crore in the fiscal year ended March 2024, exceeding Budget Estimates by 7.40%.
Fact: India’s net direct tax collections surged by 17.7% year-on-year to Rs 19.58 crore in the fiscal year ended March 2024, exceeding Budget Estimates by 7.40%.
The government may reduce the corporate tax rate in fiscal 2024-25 to encourage compliance and boost collection, with the National Board of Revenue likely proposing a 2.5 percentage point reduction for both listed and non-listed companies.
Migrants protested against racism and police violence following the death of Bangladeshi national Anisur Rahman during a migrant raid in Nicosia, Cyprus on April 20, 2024.
The US State Department’s annual report on human rights in Cyprus highlights concerns in both the Republic of Cyprus and the occupied areas. In the Republic of Cyprus, issues include interference with NGOs, refoulement of asylum seekers, and violence against minorities. While the government has taken steps to address abuses, instances of impunity remain. The occupied areas face harsh prison conditions, restrictions on media and assembly, and widespread corruption and impunity. The report also notes that elections in the Republic of Cyprus are considered free and fair, and freedom of expression for the media is generally respected.
Fact: Ten people were found working illegally and arrested in Larnaca, with three more discovered in the Famagusta district as part of coordinated police efforts tackling undeclared work.
Renovations work began on Monday at the abandoned mosque in the village of Alektora in the Limassol district. Alektora was almost exclusively inhabited by Turkish Cypriots until the outbreak of intercommunal violence in the 1960s.
Fact: Adelle Waldman’s novel “Help Wanted” focuses on the working-class employees of a big-box department store called Town Square in Potterstown, NY, who struggle to make ends meet by working multiple jobs.
Fact: One in five pupils in Cyprus is a victim of school bullying, according to a study conducted by the Paedagogical Institute in collaboration with the University of Cyprus.