Latest news with #Chadha
Time of India
3 days ago
- Entertainment
- Time of India
Cannes Lions 2025: The unskippable power of cinema
Filmmaker Gurinder Chadha , OBE, offered a compelling look into cinema's profound ability to spark cultural change and influence societal perspectives. With three decades in the industry, Chadha, known for crafting globally resonant narratives, emphasised the critical role of representation and strategic storytelling . Chadha candidly shared her journey into filmmaking, a path she "sort of fell into" after starting in journalism. Her core motivation, she revealed, was clear: "For me, cinema allows you to change the world. That's the purpose for me." Growing up in Britain, she yearned to see people who looked like her and her family "on the screen center stage, as opposed to on the margins." This deeply personal ambition has clearly translated into impactful work. She highlighted her globally acclaimed film, " Bend It Like Beckham ," which remarkably was distributed in "every single country in the world, including North Korea." Chadha believes the film's release shortly after 9/11 played a crucial role in its resonance. "This very sweet... movie came out and invited you to come into the home of a Sikh family in London and experience the idea of dreams and hopes and desires from their perspective," she recounted. Despite initial industry skepticism about its commercial viability, the film became a "global phenomena." Chadha asserted her mission: "I still hold on to the fact that my job is here to reach out to your heart... help you feel heard. Alive, and then make you rethink what's around you, your surroundings, and then put you back together with a feel good ending." The film's influence extended far beyond the box office, significantly impacting women's football. Chadha proudly stated, "I know the England European champions and the American World Champion, they've all gone on record to say they only got into playing football after watching my film." This unexpected legacy demonstrates cinema's power to inspire real-world change. She acknowledged the initial resistance she faced, with many questioning the appeal of "girls playing football," but underscored her intent to make a film about "female empowerment" during a time of changing cultural dynamics in Britain. Chadha's unique approach, honed by her journalistic background, involves a deliberate focus on the audience's perspective. "I always start with the perspective of the audience... What is the audience thinking? How am I going to shift their opinions?" She revealed a key technique: subversion. "I know what you're expecting, and then I change it, and I shift it." She explained how "Bend It Like Beckham," at its core, addresses racism and generational differences, but through unexpected narrative choices. Instead of the typical immigrant story of rebellion, her film shows the daughter taking her parents on her journey, ultimately leading to the father's moving acceptance. "That's terribly moving, because it's subverting your expectations of what you think the immigrant experiences," she noted. Chadha emphasised the growing challenge for creatives in a world where audiences are increasingly savvy about visual language and storytelling. "Our job as creatives is even harder, I think, to surprise the audience," she stated. She extended this philosophy beyond cinema to commercials and social media, stressing the need for "a twist in there to stop people's [skipping] and go, Oh, I love this." The goal, she believes, is to create content that makes people "feel good" and experience a sense of FOMO (fear of missing out) if they don't engage. In a collective viewing experience, cinema fosters a unique connection. "Seeing a film in a collective space, in a cinema is again that reminder of the universality of emotions and who we are," Chadha concluded, championing the enduring power of the big screen to unite and move audiences.
Time of India
3 days ago
- Business
- Time of India
ITR filing FY 2024-25: Do you need to file your income tax return if TDS has been deducted? Explained
Tax Deducted at Source or TDS is the tax that is deducted before making a payment to the recipient. (AI image) ITR filing FY 2024-25: It's that time of the year when every taxpayer gets together documents to file their income tax return. This year the last date of file the income tax return has been extended from July 31 to September 15, 2025. One common query in the minds of taxpayers is - if TDS or Tax Deducted At Source has been cut, is there a need to file the income tax return? The clear answer to that is - yes, it is necessary for you to file your ITR. Tax Deducted at Source or TDS is the tax that is deducted before making a payment to the recipient. The government collects a specified percentage of tax directly from various income sources such as salary, interest earnings or rental payments. The tax amount is withheld before the recipient receives the payment, and the deducted sum is subsequently transferred to the government. Also Read | ITR filing FY 2024-25: Several changes in Form 16! Top things salaried taxpayers shouldn't miss Amarpal Chadha, Tax Partner, EY India elaborates, 'Many taxpayers believe that if TDS has already been deducted from their income, or if their employer has issued a Form 16, their compliance obligations are complete and filing an Income Tax Return is not required. However, this is a common misconception.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Pelajari Undo 'TDS, Form 16, or Form 26AS do not confirm that the overall tax liability has been correctly computed and discharged. TDS is often deducted at a prescribed rate, which may not match the actual tax liability. Moreover, it does not exempt an individual from the obligation to file an ITR,' Amarpal Chadha tells TOI. Also Read | ITR Filing FY 2024-25: Have you got an Income Tax notice? Don't ignore it! Top types of tax notices & actions required The most important thing to understand here is that filing an ITR is mandatory if one's total income, before claiming certain deductions or exemptions, exceeds the basic exemption limit, or if specific conditions under the Income Tax Act are met, like having foreign income or assets, or have undertaken high-value transactions (like expense towards foreign travel, deposits into savings account exceeding a specified amount, etc). 'Additionally, the law also mandates filing of income tax return if the aggregate of TDS and tax collected at source exceeds the specified limit,' he says. 'It is also essential to file an ITR in cases where one is seeking a refund of excess TDS, intends to carry forward losses, etc,' Chadha concludes. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
United News of India
4 days ago
- Business
- United News of India
India's engineering goods export sector continues to show resilience: EEPC India
Kolkata, June 17 (UNI) India's engineering goods export sector continues to show resilience despite persistent global challenges, though it recorded a marginal dip in shipments during May 2025, the cumulative number stays positive, according to EEPC India. As per the official data, engineering goods exports declined 0.8 per cent year-on-year in May-25 to $9.89 billion as compared to $9.97 billion in the same month last year. Cumulatively, engineering goods exports during April-May period of FY26 stand at $19.40 billion as against $18.52 billion in the same period last year thus registering a growth of 4.7 pc, EEPC India chairman Pankaj Chadha said on Tuesday. Overall global situation, however, remains volatile. Uncertainty has only been mounting due to geopolitical tensions in the key parts of the world. The latest Israel-Iran conflict threatened to multiply the challenges for the exporting community. Apart from rise in input costs as a result of a jump in crude prices, there was heightened concern around blocking of Straits of Hormuz by Iran in case tensions further intensify. In that case, logistics costs could surge significantly, Chadha said. The doubling of tariff by the US on steel, steel products, and aluminum to 50 pc is already threatening to impact engineering shipments during the current fiscal. It is expected that once India and the US reach an agreement, the tariffs will be reduced, he added. UNI PC PRS
Daily Mirror
7 days ago
- Business
- Daily Mirror
Flash Tory donor cashed in on disposable vape boom before ban on sales
The Mirror can reveal shareholders at Sandy Chadha's Supreme firm enjoyed a multi-million pound dividend bonanza just months before the sale of single-use e-cigs was outlawed Grinning as he clutches two bottles, this is the flash Tory donor who cashed in on disposable vapes before a ban. We can reveal how shareholders at Sandy Chadha's firm enjoyed a multi-million pound dividend bonanza just months ago. Supreme, distributor of popular Lost Mary and Elfbar e-cigs, paid out £3.7million in January. It comes as we have unearthed pictures showing the vaping kingpin has flaunted his luxury lifestyle on social media. Another snap pictures Mr Chadha topless, clad in shades, holding his arms outstretched as he revels in the sunshine next to a pool. The Brit, 58 — who once even gave away a £130,000 Bentley in a bet — has helped bankroll the Conservatives. Last week, our probe uncovered how disposable vapes were illegally flogged despite their sale being outlawed this month. The crackdown on the single-use devices was brought in to safeguard kids and the environment. Supreme, which also has its own 88Vape brand, has capitalised on the popularity of e-cigs. Supreme's vaping division revenues jumped 9% to £82.8million in 2023-4. Disposable vapes revenue was 70.7million. Supreme turned a pre-tax profit of £30.1million in 2023-4, up from £14.4million. The firm paid out £1.3million in remuneration to directors in 2023-4. Mr Chadha's total pay packet was £653,056 – including a £325,000 bonus. Pictures posted on Mr Chadha's Facebook page demonstrate he had a taste for luxury years before the vaping market took off. One image showed the businessman on the red carpet, with another picturing him by the sea holding his hair in a model-like pose. Meanwhile, in a further snap he climbed out of the water with his arm outstretched and another showed him lying down on a yacht. Mr Chadha owns in a mansion, with an indoor swimming pool, spa, steam and sauna rooms. He purchased the home in Hale, near Altrincham, Greater Manchester, for £6.8million in October 2017. Mr Chadha's home is in a sought-after area, with the property featuring a roof terrace, study, his and hers ensuites, as well as dressing rooms. In 2022, permission was given by the local council for a side extension to the property for a new dining room, records show. Mr Chadha's Supreme 8 Ltd donated £350,000 to the Tories in 2023, with the company also giving £50,000 in 2022. And in late 2023, Mr Chadha personally donated £50,000 to the Conservatives. According to Action on Smoking and Health (ASH): 'In 2024, 18% of youth aged 11-17 had tried vaping, amounting to 980,000 children…' It added: 'In 2024, 7.2% (390,000 children aged 11-17) currently vaped compared to 5.1% (280,000 children) who currently smoked.' ASH also explained: 'As with adults, the most popular flavours are fruit (adults 47%, children 59%), but children are more likely than adults to choose sweet flavours (16%)...' It concludes: '...although our survey suggests the rapid rise in youth (aged 11-17) vaping since the pandemic has stabilised in 2024, it is not yet clearly declining. And although the vast majority (81%) of children aged 11-17 have never tried vaping, over a third of those who have tried vaping have never smoked. Furthermore, children's awareness of promotion continues to rise. The big increase in the use of disposable products has happened concurrently with higher levels of youth use from 2021 to 2023.' Supreme said: 'Supreme has been at the forefront of seeking to eradicate underage vaping, having proactively introduced plain packaging, reduced hardware colour, age-appropriate product names, and recommendations to retailers that vapes are positioned away from confectionary. Supreme's overriding goal remains to support the widespread use of compliant vape products as a smoking cessation device in line with the UK Government's conclusion that vaping remains the most effective tool to transition smokers away from cigarettes.' And Mr Chadha said: 'Supreme PLC operates a diversified portfolio of fast-moving consumer goods, supplying thousands of UK retailers with essential everyday products ranging from lighting and batteries to personal care, household goods, vitamins, and vaping. All of our products, including those in the vaping category, have been distributed in full compliance with UK regulations. The sale of disposable vapes before the ban was entirely legal and fulfilled strong market demand. Vaping continues to serve as a credible, regulated alternative to traditional smoking…' He added: 'As a listed company, Supreme's dividend policy has been clearly communicated and remains aligned with standard practices in public markets. Our directors' remuneration, shareholder distributions, and business activities are fully disclosed, publicly audited, and operate under the governance of the UK's regulatory frameworks. "Personal images cited in your story were posted... many years before Supreme's involvement in disposable vapes and before the development of the UK vaping market. The same goes for the house, which was bought in 2017. Any attempt to link them retrospectively to more recent regulatory debates, or to dividends or earnings linked to vaping, would be misleading.'
Mint
13-06-2025
- Business
- Mint
After US' 50% tariff blow, India now faces EU heat on steel quotas
New Delhi: The European Union (EU) has put India's individual quota on hold and placed it under a 'pooled quota" for exporting certain kinds of steel products to the 27-nation bloc, dealing a double whammy to a sector already reeling from America's 50% tariff. The latest move is meant to correct imbalances in the current quota system by restoring separate duty-free country-specific quotas for major exporters like Ukraine, UK, Türkiye and Korea. However, countries like India, which fall under an 'other countries" category, must share a pooled quota of around 12,500 tonnes with others, including China and Vietnam among others. The EU's notification was submitted to the Committee on Safeguards at World Trade Organization (WTO) on Wednesday. The proposed changes will come into effect from 1 July and remain in effect till 30 June 2026. This shared quota, known as the 'residual quota," applies to 'product category 17', which covers 'angles, shapes and sections of iron or non-alloy steel." Also read US rejects India again at WTO: Response to auto tariffs plea mirrors rejection over steel, aluminium dispute Under the pooled quota mechanism, any country in the pool can export any quantity. The amount a country exports is deducted from the overall quota of the pool. This means a single, large producer can quickly exhaust the full quota, analysts said. However, any country in the pool that exports the product once the 12,500-tonne limit has been exhausted attracts a 25% tariff on that additional amount. The figure for Indian exports of these particular products to the EU was not immediately available. However, In FY25, Indian shipments of articles made from iron or steel, which include 'category 17' products, stood at $1.83 billion. This is of major significance for India because it is in the final leg of discussions for a free trade agreement with the 27-nation bloc. The EU had previously removed country-wise quotas for these products in 2022 after Ukraine—then the top supplier—was unable to export due to the war with Russia. That led to a globalized system where all countries could export under a common quota, as per the EU notification. Read this India likely to seek removal of US steel tariffs in trade talks rather than immediate retaliation Presenting New Delhi's stand, a senior official said that India will discuss the issue with the EU, as the notification has provided a window for consultations from 12 to 19 June. The decision may have mixed consequences for Indian exporters. 'Being placed in the third-country quota alongside China puts us at risk of losing our share, as China (alone) could exhaust the allocation early," said Pankaj Chadha, Chairman of the Engineering Export Promotion Council (EEPC), a body under the commerce ministry. Chadha is also managing director of Jyoti Steel Industries. These changes notified by the EU include removal of a 15% cap on any single country's share of the pooled quota. While the pooled quota ensures some continued market access, it poses a significant disadvantage when compared with countries that now enjoy exclusive duty-free quotas, experts said. 'The continued access to residual quotas offers a limited but important channel for Indian steel exports. The latest adjustments also provide an opening for India to press for full access without quotas under the ongoing India–EU free trade agreement negotiations," said Arun Kumar Garodia, director, Corona Steel. Also read Govt may harness public sector undertakings to drive green steel consumption 'The EU's latest revision of its steel import safeguards may appear targeted at restoring trade balance, but in practice, it entrenches discrimination against countries like India that lack dedicated quotas," said Ajay Srivartava, co-founder, Global Trade Research Initiative (GTRI). 'By reintroducing exclusive duty-free quotas for the UK, Türkiye, and South Korea while limiting others—including India—to a small, shared residual quota, the EU has effectively locked India into a second-tier access regime," he said. Under the EU's revised safeguard system for steel, Ukraine has been allocated over 31,600 tonnes per quarter for these steel products, the UK 27,500 tonnes, Türkiye 22,900 tonnes, and South Korea 5,300 tonnes each quarter. The negotiations for an FTA with the EU are at an advanced stage and are likely to be signed in the next couple of months. Queries emailed to the commerce ministry remained unanswered till press time. And read Goyal begins France, Italy visit to deepen trade ties; India looks to fast-track EU FTA, global alliances
