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BusinessPhoto: Economic TimesThe CBDT clarified that ex-gratia compensation under BSNL and MTNL VRS-2019 is not retrenchment compensation but falls under Section 10(10C) of the Income-tax Act, allowing certain tax exemptions. Employees should review their tax claims to comply with this. Compensation above five lakh rupees will be taxable as salary income.
Economic Times·
TechnologyPhoto: ET TechMicrosoft has pulled out of a multibillion-dollar deal to support Nscale's flagship data centre project in Loughton, Essex. The decision followed delays in power connections, which pushed the project's expected supply date into the 2030s, causing Microsoft to reject the partnership.
ET Tech··Loughton
PoliticsPhoto: Deccan HeraldMumbai Police Crime Branch arrested 30-year-old IT engineer Vaibhav Mishra from Bengaluru for sending extortion threats to Bollywood actors Ayushmann Khurrana and Tusshar Kapoor. Mishra posed as a member of the Lawrence Bishnoi gang, demanding crores of rupees. The arrest followed cyber and forensic investigations tracing his digital and voice evidence. Authorities believe he exploited panic over recent gang threats targeting celebrities.
Deccan Herald··Bengaluru
PoliticsPhoto: The News MinuteOn November 4, the Karnataka High Court dismissed a criminal defamation case filed by the BJP against former CM Siddaramaiah, Deputy CM DK Shivakumar, and KPCC. The case, filed in May 2023, concerned Congress advertisements accusing the previous BJP government led by Basavaraj Bommai of corruption, including collecting 40% commissions and looting Rs 1,500 crore through corrupt practices.
The News Minute··Bengaluru
PoliticsPhoto: Aaj TakIn the US midterm elections, Democrats won control of both the House of Representatives and the Senate, delivering a significant setback to President Donald Trump. This outcome is expected to intensify conflicts over investigations, budget, Iran war policies, appointments, and veto powers during Trump's remaining two years in office.
Aaj Tak·
TechnologyPhoto: Firstpost TechGoogle's decision to make AI features optional for schools, linking the removal of other AI tools to Search availability, has faced criticism from educators and privacy advocates. In response, DuckDuckGo is providing schools with an alternative search option, emphasizing that schools should have more control over how children access information online.
Firstpost Tech·
Economic Times·
Photo: Economic TimesThe CBDT clarified that ex-gratia compensation under BSNL and MTNL VRS-2019 is not retrenchment compensation but falls under Section 10(10C) of the Income-tax Act, allowing certain tax exemptions. Employees should review their tax claims to comply with this. Compensation above five lakh rupees will be taxable as salary income.
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