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Hindustan Times
25-05-2025
- Entertainment
- Hindustan Times
Inspired by films of '70s and '80s for ‘Raid' franchise, says director Raj Kumar Gupta
Mumbai, Filmmaker Raj Kumar Gupta says he weaved in elements of the many Hindi cinema classics from the 1970s and 1980s to the "Raid" franchise, headlined by Ajay Devgn. The franchise follows the story of an honest officer Amay Patnaik , who goes after powerful people and conducts income-tax raids to track white-collar crimes. The director, known for films like 'Aamir', 'No One Killed Jessica', has huge posters of iconic films 'Deewar' and 'Sholay' in his office in suburban Mumbai but the inspirations behind the "Raid" movies were far more varied. "There were a lot of films in the '70s and '80s, where upright characters were fighting people who were corrupt or who were going against the law. There are a lot of films that inspired us. I will not want to name any particular film. "So, this upright officer was intended to be like that of the '70s and '80s movies," Gupta told PTI in an interview. The inspiration for the characters and story also comes from real life, he added. "You see a lot of upright officers working in government departments and what they have to go through when they are doing their job," he said. The first "Raid" movie, which was released in 2018, became a blockbuster upon its release. Set in 1981 Lucknow, the film was based on a real-life case and followed Patnaik as he led a high-stakes raid on corrupt politician Rameshwar Singh . Gupta recently came out with the second part, titled "Raid 2". The movie, which released in theatres on May 1, has minted over ₹160 crore at the box office. In the movie, Devgn's character returns for his 75th raid, this time targeting Dada Manohar Bhai , a revered politician in Bhoj, Rajasthan. Despite facing suspension during the operation, Patnaik, with support from his wife Malini and his team, uncovers hidden black money. The director said he is 'elated' with the response to the sequel. 'I'm happy that the film is doing so really well. For us, as storytellers, it has been a challenge post pandemic where people have not been coming to theatres. If a film comes along, and people come and watch it in those numbers, then it's really heartening, not only for me as a filmmaker but as an industry as well,' Gupta said. 'I'm happy that people are watching the film in totality for its story, cast and everything, besides it has a 'Raid' legacy to it as well,' he said. He is also grateful to veteran screenwriter Salim Khan, who liked the first movie and suggested him a scene involving Devgn's character throwing money on a mob to distract them from attacking him and his team. The filmmaker said he was able to incorporate the sequence in the sequel. 'Salim sahab is a legend. I met him in 2021 and he said he liked the film. He made an observation about the ending of 'Raid' one, and I had kept that in my mind. I never thought that I'd be able to use it, but as luck would have it, there was a scene where we could incorporate it in 'Raid' . "During the research of 'Raid 2', we came across a thing that in the 80s, 90s, the threat that the income tax people had while they were going on a raid was mob fury of strongmen, of politicians or powerful people whom they used to raid. Mostly, they used to get attacked by these people during the 80s or 90s,' Gupta said. "Raid 2" ends with a hint at a third installment as Rameshwar Singh proposes an alliance with Dada Bhai inside the jail. Asked about the plans for a third part, Gupta said he won't make it until he has a compelling story. 'When it happens, one would know about it. Nothing can be pre-planned right now. I want to live in the moment and let 'Raid 2' get out of my system. This world is so interesting... Part one and part two has a natural progression into part three. But the right story has to come along for that to happen.' 'Raid 2' is backed by Bhushan Kumar, Krishan Kumar, and Kumar Mangat Pathak and Abhishek Pathak under their banners T-Series and Panorama Studios, respectively.
New Indian Express
24-05-2025
- New Indian Express
Man wanted for job fraud of Rs one crore held on return from Cambodia
CUTTACK: The Crime Branch of Odisha Police has arrested a person for duping two engineers of Rs 1 crore and Rs 5 lakh on the promise of providing jobs, from Bhubaneswar. Crime Branch DG Vinaytosh Mishra said in 2018, the accused Bishnu Prasad Patnaik alias Biranchi Patnaik of Begunia in Khurda district had fled to Cambodia in 2022 and had been staying there since. 'He came to India this month and following a tip-off, was arrested,' the DG said. Mishra said Patnaik had taken Rs 90 lakh from an aeronautical engineer on the promise of providing a job in British Airways and then Lufthansa Airways. He even created fake offer letters and appointment letters. In the second case, the accused had duped an electronics engineer to the tune of Rs 15 lakh for providing a lucrative job abroad. Initially, the two cases were registered at Gunupur police station and later the Crime Branch took over the investigation. During investigation, it is found that Patnaik introduced himself as a medical doctor, professor, engineer, and other false professions to the victims. The accused had created forged letters of offer and appointment under the names of international consultancy companies like HR Maxons and Lufthansa Technik, a reputed German aviation company. He also forged documents like address proof and driving licence to conceal his identity and whereabouts. While the investigation was in progress, the accused fled to Cambodia and purportedly created a fake passport to conceal his identity. A Look Out Circular was issued against him in 2019. To evade arrest, he had been staying in Cambodia since 2022 and claimed to have started an IT company there. Further investigation is on to identify more victims and possible accomplices of Patnaik, Mishra said.
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Business Standard
21-05-2025
- Business
- Business Standard
Do NRIs have to file tax returns in India: What's the rule and process
It is the time to file Income Tax returns (ITR) and many non-resident Indians (NRIs) are likely asking: Do they need to do so in India? While the process is simple, experts say NRIs need to carefully give details about their earnings. Do NRIs need to pay income tax in India? 'An NRI is liable to pay tax in India only on the income earned or received in India. This includes rent from Indian property, interest on Non-Resident Ordinary (NRO) accounts, which is savings or current account in Indian Rupees for NRIs in India, or capital gains from Indian assets,' said S R Patnaik, partner and head of taxation at law firm Cyril Amarchand Mangaldas. Who is considered as NRI? According to the Income-Tax Department, an individual's residential status is the first factor in determining tax liability. If you've spent less than 182 days in India in a financial year, you're typically considered a non-resident — and taxed accordingly. How is filing taxes different for NRIs? 'Resident individuals are taxed on global income and can use ITR-1 (Sahaj) for simple income sources. NRIs, however, must use ITR-2 if they don't have business income, or ITR-3 if they do,' Patnaik explained. Common mistakes by NRIs in ITR filing 'NRIs often misclassify their residential status or forget to update banks and mutual funds about the change,' said Amit Bansal, partner at Singhania & Co, a global legal consultancy firm. Also Read 'They also tend to use the wrong ITR form or miss reporting Indian income such as interest earned in NRO accounts.' Bansal advised NRIs to maintain travel records, inform Income Tax Department promptly, and consult a professional to ensure correct classification and filing. Foreign income and reporting: What's mandatory? 'If you're an NRI for tax purposes, your foreign income is not taxable in India,' Patnaik said. 'Also, unlike residents, NRIs are not mandated to disclose foreign bank accounts or assets under Schedule FA. However, they may do so voluntarily.' According to the Central Board of Direct Taxes, mandatory foreign asset disclosure applies only to individuals classified as residents under the Income Tax Act, especially those falling under the Resident but Not Ordinarily Resident (RNOR) category. ALSO READ | No major policy shifts for NRI tax filing for AY 2025–26 The CBDT has released the ITR forms applicable for Assessment Year 2025-26. Form ITR-2 has been updated for clarity and no NRI-specific policy changes or exemptions have been introduced, according to the two experts.
New Indian Express
20-05-2025
- New Indian Express
Shopping mart fined Rs 1 lakh for selling expired food in Rayagada
BERHAMPUR: Food safety officials on Monday imposed a fine of Rs 1 lakh on Vishal Mega Mart in Rayagada town for reportedly selling expired food items. The penalty was imposed on the mart by a three-member team led by food safety officer of Rayagada Jyoti Prakash Soren. Sources said one Sangram Patnaik purchased goods including food items worth Rs 1,463 from the mall on May 14. On reaching home, he found that a packet of bhujia had an expiry date of May 12. Patnaik immediately reached the mall with the expired food packet and receipt. However, the store manager dismissed his complaint, claiming that the packet was not from their stock. Subsequently, Patnaik complained with the Food Safety department. Acting on the allegation, the Food Safety team raided the mart and during inspection, found several expired items including namkeen and pickles. Besides, some food products were found to be improperly packed. Samples of the expired food items were seized and sent for testing.
Time of India
15-05-2025
- Business
- Time of India
Government appoints two new managing directors to lic ahead of top level vacancies
Mumbai:The Centre appointed Dinesh Pant and Ratnakar Patnaik as managing directors of Life Insurance Corporation of India, effective from 1 June 2025, according to stock exchange filings made by the insurer on 14 May. The appointments come ahead of two scheduled retirements at the MD level and signal continuity at the helm of the state-owned life insurer. Pant, who is LIC's appointed actuary and executive director (actuarial), will serve as managing director until his superannuation on 31 May 2027, or until further orders, whichever is earlier. Patnaik, the corporation's chief investment officer and executive director (investment–front office), will hold the MD role until 31 March 2028, the date of his superannuation. The appointments come amid an expected reshuffle in LIC's senior leadership. Two of the four existing MDs—M Jagannath and Tablesh Pandey—are due to retire on 31 May 2025. Siddhartha Mohanty, the current CEO and MD, is also set to complete his term on 7 June. LIC, which was listed on Indian stock exchanges in 2022, continues to operate under close oversight from the govt, which remains its majority shareholder. Leadership changes in LIC are processed through a formal selection mechanism led by the Financial Services Department and approved through official notification. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your Finger Shape Says a Lot About Your Personality, Read Now Tips and Tricks Undo Both Pant and Patnaik have held key roles within LIC. Pant served in actuarial functions critical to product pricing and risk assessment, while Patnaik oversaw LIC's investment strategy, a crucial portfolio given the insurer's significant exposure to equity and debt markets. Their elevation to the top tier of LIC's leadership indicates an emphasis on internal continuity and domain expertise during a period of transition. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
