Business
‘Made strong entry’: Amit shah hails semiconductor sector’s growth despite being ‘bit late’; confident of ‘exports soon’ – The Times of India
NEW DELHI: India would soon establish itself in the semiconductor industry by starting exports, even though it’s entry was late, said Union home minister Amit Shah.“We have made a strong entry into the semiconductor industry, although a bit late. In no time, we will not only become self-reliant in the semiconductor sector, but will also start exporting it,” he said, addressing the ‘Abhyudaya Madhya Pradesh Growth Summit’.Speaking at the summit, Shah highlighted Madhya Pradesh’s attractive geographical location and fertile land.He also inaugurated industrial projects worth Rs 2 lakh crore, on the occasion of former Prime Minister Atal Bihari Vajpayee‘s 101st birth anniversary. He remembered Vajpayee as “a great orator, a sensitive poet, a leader dedicated to public welfare and remained ‘ajatashatru’ (person without enemies) in politics.”He noted that even small investments in the state could yield substantial returns. He praised Madhya Pradesh’s transformation from a power-deficient state to one with surplus electricity. He also commended the state’s achievements in cleanliness, saying it has surpassed other states in this aspect.During the event, Shah also paid tributes to Pandit Madan Mohan Malviya on his birth anniversary and C Rajagopalachari on his death anniversary. The Growth Summit attracted 25,000 beneficiaries and thousands of entrepreneurs and investors. Officials confirmed that the industrial projects launched during the event will create 193,000 new jobs.Shah’s visit also included inaugurating the Gwalior Fair and dedicating the renovated Atal Museum to the public, further marking the celebrations of Vajpayee’s birth anniversary.
Caitlin Klein,in Jersey, St Helierand
Julia Gregory,in Jersey
Chris Craddock/BBCA charity which supports vulnerable people in Jersey says it has “the Christmas spirit right through the year”.
The Grace Trust which helps between 700 to 750 people a year struggling with poverty, loneliness or addiction issues said it was seeing “a much wider range” of people from all layers of society, including more older people needing community support.
General manager Vinni Jones said the charity aimed to put a smile on people’s faces from its drop-in base at Lewis Street in St Helier.
It helped 500 people at the food bank every year and also ran singing, art and Saturday lunches.
‘Just come down’
He said there were extra festive goodies at the food bank and 92 people recently sat down to an “absolutely brilliant” Christmas meal at St Paul’s Centre with 20 volunteers on hand to help out.
Entertainment was provided by Fiddler’s Green and the trust’s Parklife choir.
Mr Jones said they saw more people at Christmas because it can be a challenging time.
“Just come down, knock on the window and we’ll give you what we’ve got.”
‘Offer understanding’
He explained that “we can offer a lot more than simply the food and Christmas goodies” and said people are often surprised at all the activities on offer and encouraged them to have a go.
He said the charity also had a fund to help younger mums and links with other agencies so it can offer toy vouchers at Christmas.
Support was also available year round for struggling islanders.
“It’s just a matter of being able to offer that understanding and to talk about January, talk about February for them. We’ll still be here for you,” Mr Jones said.
The government has also reminded islanders about mental health support over Christmas.
There is 24 hour support available from the Adult Mental Health crisis team, on 445 290 and online support from Together All.
Income doesn’t come regularly
Freelancers earn from different clients at different times, making it hard to know the final income figure early
Multiple clients mean scattered TDS
Tax is deducted by many payers under different sections, and details don’t always update together in AIS or Form 26AS.
Income details settle very late
Many payments and TDS entries appear only near the year-end, delaying tax calculations.
First-time taxpayers lack clarity
Young gig workers often don’t know ITR deadlines, advance tax rules, or penalties for late filing.
Paperwork isn’t ready on time
Forms like 16A, invoices, bank statements, and expense bills are often unorganised or missing.
TDS deducted ≠ filing done
A common myth is that if tax is already deducted, filing the return is optional. It’s not.
Refund expected, filing delayed
Many assume that if no tax is payable or refund is due, filing late won’t matter — but penalties still apply.
E-verification gets ignored
Returns filed but not verified within 30 days are treated as invalid, almost like not filing at all.
Portal issues at the last moment
Heavy traffic, OTP failures, and technical errors near deadlines push filings beyond the due date.
No regular income tracking system
Not maintaining client-wise records of invoices, payments, and TDS creates confusion at filing time.
Deductions are gathered too late
Proofs for insurance, mutual funds, PPF, health cover, or tuition fees are often collected at the last minute.
MUMBAI: Serious Fraud Investigation Office (SFIO) has opened a formal probe into IndusInd Bank after a Dec 23, 2025 letter triggered an investigation under the Companies Act, 2013, over accounting lapses tied to internal derivative trades.In a filing, the bank said SFIO, under the MCA, seeks information after the lender flagged on June 2 issues spanning internal derivatives, unsubstantiated “other assets/liabilities”, and microfinance interest/fee income. It disclosed the update on Dec 18, pledged full cooperation, and posted details on its website.Derivatives irregularities have hit P&L by about Rs 1,960 crore as of March 31, 2025, eroding reported net worth by roughly 2.3% as of Dec 2024. Earlier profits were overstated as notional gains flowed into P&L while losses sat parked as assets, inflating NII and earnings quality. The derivatives irregularities saw several members of the senior management stepping down with the board bringing in Rajiv Anand from Axis Bank to head the private lender.The bank recognised the losses, absorbed pain in its FY25 earnings which tipped the bank into a Q4 FY25 net loss after one-off write-offs/provisions. Capital/net worth took a 2–2.5% post-tax hit, trimming buffers and nudging growth appetite and capital pricing.The derivatives loss resulted in the shares of the bank sliding as investors reassessed earnings credibility and governance. The scrutiny also sharpened on the board/management/audit committees, intensifying regulatory pressure and SFIO oversight.
How to Set Up a Smartphone for Loved Ones Who Don’t Get Tech
Christmas spirit offered ‘right through the year’
‘Made strong entry’: Amit shah hails semiconductor sector’s growth despite being ‘bit late’; confident of ‘exports soon’ – The Times of India
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