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Direct tax mop up rises 14.1 per cent to Rs 8.74 lakh crore in April-December 2018

Direct tax mop up rises 14.1 per cent to Rs 8.74 lakh crore in April-December 2018

Finance
Direct tax mop up grew 14.1 per cent to Rs 8.74 lakh crore during April-December 2018, Finance Ministry said Monday. Refunds amounting to Rs 1.30 lakh crore have been issued during April to December, 2018, which is 17 per cent higher than refunds issued during the same period in the preceding year. As much as Rs 3.64 lakh crore has been collected as advance tax, which is 14.5 per cent higher than the advance tax collections during the same period last year. "The provisional figures of direct tax collections up to December, 2018 show that gross collections are at Rs 8.74 lakh crore which is 14.1 per cent higher than the gross collections for the corresponding period of last year," a finance ministry statement said. Net collections (after adjusting for refunds) have increased by 13.6 per ...
Xanax: Treatment for addiction rises sharply in children

Xanax: Treatment for addiction rises sharply in children

Health
The number of children being treated for addiction to tranquilisers has doubled in a year, to more than 300, according to Public Health England.The drug Xanax, and copies of it, accounted for the sharpest rise - from eight children receiving treatment in 2016-17 to 53 in 2017-18.Ambulance services around the country have also reported a growing problem. In 2017-18, more than 15,500 children had help for substance misuse, 88% for cannabis.The total number receiving treatment was 5% down on the previous year, What is Xanax?Xanax is the brand name for the drug alprazolam, a benzodiazepine prescribed for anxiety or panic attacks. But many of the pills taken by children are copies bought online, with no indication of their strength or...
Pound rises on Brexit 'progress' report

Pound rises on Brexit 'progress' report

Business
The pound has gained strongly against both the dollar and the euro following reports that the UK and Germany have made progress towards a Brexit deal.Sterling rose nearly 1% against the US currency and 0.5% against the euro after the reports on Bloomberg News.However, the pound later gave up some of its gains after London and Berlin both denied there had been any change.The agency said the German government was ready to accept a less detailed agreement on future UK-EU trade ties.The UK and Germany both denied any movement, while analysts warned the EU's stance was not decided by Berlin."Germany does not - despite its clear dominance of the bloc economically - actually speak for the EU position," said Neil Wilson, chief market analyst at Markets.com, "[Chi...
Pound rises as EU hints at 'ambitious' Brexit deal

Pound rises as EU hints at 'ambitious' Brexit deal

Business
The pound has risen to its highest level for weeks after the EU's chief Brexit negotiator said the UK could expect a partnership with Brussels "such as there never has been with any other third country". The deal may include an "ambitious free trade agreement" along with cooperation in aviation, security and foreign policy, Michel Barnier added.Nevertheless, the EU will not permit anything that damages its single market, he said."We respect Britain's red lines scrupulously," Mr Barnier said during a news conference in Berlin."In return, they must respect what we are. Single market means single market. There is no single market a la carte."Following his comments, the pound rose to more than $ 1.30 for the first time in over three weeks.Sterling jumped by a cent against the ...
Quake victims 'buried alive' as death toll rises

Quake victims 'buried alive' as death toll rises

World
The number of people killed in the aftermath of a powerful earthquake in Indonesia has risen to 131. Nearly 1,500 people have been injured, with 156,000 displaced after the tremors caused extensive damage to their homes. Image: 1,500 were injured by the quake, which happened on Sunday The 6.7-magnitude quake struck Lombok, an island neighbouring the popular tourist destination of Bali, on Sunday.Six days earlier, a 6.4-magnitude quake killed 16 people and weakened many structures. 0:48 ...