News Wrap: VK Singh bribed, Team Anna under fire
Listen to today's top stories in our audio news bulletin.
- Army Chief, General VK Singh, dropped a bombshell in an interview with the Hindu this morning when he said he was offered a bribe of 14 crore to clear a sub-standard consignment of heavy vehicles. Singh also said wrongdoings had been going on in the force for quite some time. The General said that he didn't realize he was being offered a bribe immediately, and said in retrospect that he should have done more than just inform the defence minister.
We have excerpts from an interview in our bulletin.
- The cash strapped Mumbai government is planning to increase stamp duty on the registration of commercial and residential properties by a whopping 160 percent. The government hopes to mobilise around Rs 1,000 crore annually from this move. In a city like Mumbai where residential rentals are among the highest in the country, the proposal is unlikely to be met with much approval.
- Team Anna came under sharp attack in the Lok Sabha with members from all sides slamming civil society members for using derogatory language against parliamentarians.
You can listen to a detailed report from Rupashree Nanda in the bulletin.
- Kingfisher Airlines has been eyeing many ways to save costs for some time. A report claims that half of the company’s employees may be asked to leave. The airline has close to 6,000 people on its rolls.
- President Barack Obama has sounded out North Korea and Iran over their nuclear ambitions, saying that their options are few and their friends fewer.
- In sport, Firstpost has a piece where you read all about what Sachin Tendulkar had to say after scoring his 100th century. He covers his feelings before the 100, the patience behind reaching the milestone and his ambitions for the future.
- In football, Manchester United can overhaul Manchester City’s lead at the top of the table if they beat Fulham at Old Trafford tonight.
- Finally, The government will float a tender for the upgraded version of the tablet, Aakash 2. There aren't enough details out yet, but the price is being quoted at around 4000 Rupees.
This is because a person who has already bought a house or a plot does not have to pay more or the difference in value for the already purchased property. The only extra expense incurred by the purchaser will be the cost of stamp duty.
The stamp duty payable under Section 5 would be the aggregate of the stamp duty payable for the two transactions.