1. Morning New Bulletin: Track the latest stories

Morning New Bulletin: Track the latest stories

After a year-long winning spree in local bodies elections, the BJP on Thursday suffered a setback in the civic polls in Nanded, home turf of Congress leader Ashok Chavan, whose party bagged 69 of the 77 seats.

By: | Published: October 13, 2017 7:11 AM
After a year-long winning spree in local bodies elections, the BJP on Thursday suffered a setback in the civic polls in Nanded, home turf of Congress leader Ashok Chavan, whose party bagged 69 of the 77 seats.

Congress drubs BJP in Nanded civic body, stops BJP’s victory spree

After a year-long winning spree in local bodies elections, the BJP on Thursday suffered a setback in the civic polls in Nanded, home turf of Congress leader Ashok Chavan, whose party bagged 69 of the 77 seats. The results for 77 seats out of the total 81, have been declared so far. The BJP managed to win just six seats in the Nanded-Waghala Municipal Corporation (NWMC) so far. Chavan, who is the state Congress chief, attributed the party’s win to non-tampering of EVMs and claimed that the BJP’s “return journey” has started. According to the figures released by the State Election Commission of Maharashtra (SECM), of the 77 seats, the Congress won 69, followed by the BJP that bagged six seats. The Shiv Sena just about managed to open its account with one seat. An independent candidate also won a seat.

Arvind  Kejriwal’s ‘aam aadmi’ car stolen; AAP leader announces reward

A creaky Wagon R, used by Delhi Chief Minister Arvind Kejriwal till the 2015 assembly election and which helped cement his position as the “aam aadmi”, was on Thursday stolen from outside the Delhi Secretariat, police said.
A senior police officer said the incident happened just before noon and was reported to the police around 1 pm. The car was parked on the roadside outside the Delhi Secretariat.  The incident has outraged AAP workers, many of whom posted videos of Kejriwal using the car, especially during the 2014 Republic Day, after he became the chief minister of Delhi for the first time.  AAP’s Haryana convenor Naveen Jaihind has announced an undisclosed amount as reward for whoever finds the vehicle.

Bengaluru property sale amazes! Condo at Four Seasons sold for Rs 50 cr

Bengaluru-based real estate company Embassy group has sold a residential property for Rs 50 crore. The 30th floor condo is a sprawling 16,000 sq ft ultra-luxurious abode at the Four Seasons Private Residences at Embassy ONE.The property is understood to have been purchased by an HNI, whose identity the company has not divulged. Bengaluru is among the top three cities to have witnessed an unprecedented growth in demand for ultra-luxury homes in the last two years. The year-on-year growth of ultra-luxury homes in the city is at a high and the estimated total value of ultra-luxury housing projects in various stages of construction in Bengaluru is Rs 6,000 crore, according to property consulting firm JLL, India.

Delhiites set to get their dream homes soon? See what Narendra Modi government has on agenda

Land pooling in Delhi, which is expected to meet the residential needs of about 95 lakh people besides stimulating economic growth, has now been further simplified for speedy execution. The Delhi Development Authority (DDA) will now act as a facilitator and planner as against the role initially envisaged for it as part of simplification of execution of the land pooling policy, a government release said.

How to ensure employees take maximum salary home, cut tax outgo

For any company, the real assets are its employees. While companies reward their hard working employees every year, they must pay attention to the compensation structure being offered. A higher package does not always mean that employee take-home salary will increase. To make a tax efficient salary structure, there is always a trade-off between higher take home pay and maximum tax benefits. Though a higher CTC is an important aspect of salary negotiation, it is equally important to structure it well to maximise take home pay and minimise tax outgo. Even employees must consider long-term and short-term financial goals. Modifying the tax structure can impact an employee’s net take home and the retirement corpus as some components of the package may not come to him immediately and others may be either taxable or tax-free.

Buying a vehicle? See what India is doing; you will benefit too

The strengthening digital environment in India is impacting consumer behaviour throughout the new-vehicle purchase journey, according to the JD Power 2017 India Sales Satisfaction Index (Mass Market) Study released on Thursday. The study found that 49% new-vehicle buyers researched vehicles online, an increase of 15 percentage points from last year. The primary information searches relate to vehicle pricing and product specifications, resulting in an increasing number of customers visiting showrooms with a clearer idea of pricing and the variants available.

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