SAT said, if the amount of Rs 2 crore is deposited, then the remaining amount of penalty will not be recovered during the hearing of the petition Chitra Ramkrishna: Former MD and CEO of National Stock Exchange (NSE) Chitra Ramakrishna has got interim relief from the Securities Appellate Tribunal (SAT). SAT has accepted Ramakrishna’s plea …
During an event in the US on Monday, Finance Minister Nirmala Sitharaman once expressed the concern of the Indian government regarding cryptocurrencies. He said that amidst the expansion of fintech, there is a big danger that cryptocurrencies can be used for money laundering and terrorism funding. In a seminar at the International Monetary Fund (IMF) …
The Jharkhand High Court bench has recently cancelled a Form GST DRC-07 summary notice issued by the GST department for not being issued in compliance with the law. The petition was filed in response to a CBIC notice dated 10.02.2020, which says that interest paid on late payment of taxes is recoverable under Section 79 and …
Jharkhand HC Cancels GST Summary Order Due to Violation of Justice Read More »
On Monday, 501 cases of corona have been found in Delhi in 24 hours. With this, the positivity rate in Delhi has reached 7.72%. Only 6492 tests were conducted in Delhi in the last 24 hours. Whereas on Sunday 517 people were found to be Corona positive. Once again, there has been a spurt in …
The Government of India (GoI) has announced the Sale (re-issue) of (i) “5.74% Government Security, 2026” for a notified amount of Rs 9,000 crore (nominal) through price based auction using uniform price method; (ii) ‘‘GoI Floating Rate Bonds, 2034” for a notified amount of Rs 4,000 crore (nominal) through price based auction using uniform price method; (iii) “6.67% Government Security 2035” for a notified amount of Rs 10,000 crore (nominal) through price …
The outstanding balance of ‘8.35% GS 2022’ is repayable at par on May 13, 2022. No interest will accrue thereon from the said date. In the event of a holiday being declared on repayment day by any State Government under the Negotiable Instruments Act, 1881, the Loan/s will be repaid by the paying offices in that State on …
The Competition Commission of India (CCI) approves acquisition of minority stake of BDR Pharmaceuticals International Private Limited (BDR/Target) by Multiples Private Equity Fund III, SRF Transnational Holdings Limited (SRF Transnational), Balkrishna Industries Limited (BIL), Dharmayug Investments Limited (DIL), QRG Investments and Holdings Limited (QRG), Mr. Nishant K. Agarwal and Ms. Mallika Srinivasan (Acquirers). SRF Transnational, …
During the Financial Year 2021-22, Ministry of Corporate Affairs (MCA) registered more than 1.67 Lakh company incorporations as compared to 1.55 Lakh companies during FY 2020-21. The increase is significant considering that number of companies incorporated during Financial Year 2020-21 were the highest in any of the previous years. The incorporations during FY 2021-22 are …
MCA registers highest ever 1.67 lakh companies in FY 2021-22 Read More »
Bank Opening Time: From today, banks will open from 9 am. In such a situation, customers will get one hour extra time to avail banking facilities in the bank. Bank Opening Time: A big news has come out for crores of bank customers across the country including Mumbai. There has been a big change in …
Share Market Dip: The domestic stock market also saw a fall on Monday morning due to weak signals from Asian markets. The Sensex, which started trading with a red mark, went down by more than 1000 points in a few minutes. On the other hand, Nifty went below the level of 17200. During this period, …
Share Market: Huge fall in the stock of Infosys, Rs 48 thousand crore worth of investors Read More »
Latest GST News: At present there are four slabs in GST. These include tax slabs of 5, 12, 18 and 28 per cent. At present, gold and other jewelery attracts a GST of 3 per cent. In the important meeting of the GST Council to be held in May, a decision can be taken on …
…and will inflation increase? 5% rate will end in GST, this new slab will be made Read More »
Share Market After Long Break: The major stock markets of the country will open on Monday after a long break of four days. For the first time in the year 2022, the stock market was closed for four consecutive days due to Ambedkar Jayanti, Good Friday and Saturday-Sunday holiday. In such a situation, the big …
India reported about 6,610 fresh cases of corona infection in the week ended Sunday (11-17 April), up from 4,900 in the previous week. Adding to the figures of Kerala, about 7,010 new cases of corona infection were registered in the last week. Kerala has stopped releasing Kovid data from the current week. Last week (April …
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman will be traveling to the USA on an official visit beginning April 18, 2022. During her visit, Smt. Sitharaman will be attending the Spring Meetings of the International Monetary Fund (IMF) & World Bank, the G20 Finance Ministers and Central Bank Governor Meeting (FMCBG) meetings. …
As part of the ongoing ‘Azadi Ka Amrit Mahotsav’ celebrations, the Insolvency and Bankruptcy Board of India (IBBI) in collaboration with MyGov.in and BSE Investors’ Protection Fund is conducting the ‘3rd National Online Quiz on Insolvency and Bankruptcy Code, 2016’, to promote awareness and understanding of the Code among various stakeholders, across the country. The Quiz is open from 16th April, …
IBBIto launch 3rd National Online Quiz on Insolvency and Bankruptcy Code, 2016 Read More »
Union Minister for Commerce and Industry Shri Piyush Goyal today exhorted the Indian Plastic Industry to take the sector from the current level of around Rs. 3 lakh crores of economic activity to Rs. 10 lakh crores in around 4-5 years. The Minister said that this would be a national service from the plastics industry; …
The Prime Minister, Shri Narendra Modi met with senior BAPS Sadhus, Ishwarcharan Swami and Brahmavihari Swami and appreciated the BAPS relief work in the time of COVID-19 and during the Ukraine crisis. Shri Modi has also discussed the upcoming birth centenary celebrations of HH Pramukh Swami Maharaj Ji. The Prime Minister tweeted; “Met senior BAPS …
PM appreciates BAPS relief work in the time of COVID-19 and during the Ukraine crisis Read More »
Union Minister for Information & Broadcasting and Youth Affairs & Sports, Shri Anurag Thakur inaugurated the 40th edition of the ‘Hunar Haat’ in the presence of Union Minority Affairs Minister Mukhtar Abbas Naqvi, in Mumbai today. The 40th edition of Hunar Haat, a credible platform to promote ‘Swadeshi’ products, is being held at MMRDA Ground, …
Union Minister Shri Anurag Thakur inaugurates 40th ‘Hunar Haat’ in Mumbai Read More »
Indian Railways is committed to provide world class facilities to its passengers at Railway stations said Shri Ashwini Vaishnaw, Hon’ble Minister of Railways, Communications, Electronics and Information Technology during his visit to Khajuraho Jhansi National Highway / Expressway. During his visit, Hon’ble Minister of Railways reviewed the works done in the Pradhan Mantri Gram Yojana …
Ashwini Vaishnaw reviews developmental projects in Khajuraho Read More »
Cyber fraud with clone of thumb in Azamgarh: Azamgarh Police has busted the gang involved in cheating and arrested one accused. The accused was committing the fraud through the Customer Service Center (Grahak Sewa Kendra) by cloning the thumb impressions of the people Threat on security of ‘Aadhaar’ The vicious thug who has been arrested by …
The Central Government today released the Tenth and Eleventh Edition of the Status Paper on the Government Debt, which provides a detailed analysis of the overall debt position of the Government of India. The Central Government has been bringing-out an Annual Status Paper on Government Debt since 2010-11. This paper enhances transparency by providing a …
10th and 11th Edition of the Status Paper on Government Debt Read More »
International Finance Services Centres Authority (IFSCA) constituted Expert Committee on Longevity Finance, co-chaired by Ms. Kaku Nakhate, Country Head (India), Bank of America and Mr. Gopalan Srinivasan, Ex-CMD, New India Assurance Co. Ltd. submitted its final report to Chairperson, IFSCA on 12th April 2022. The committee examined emerging trends in Longevity Economy globally and observed that …
CGST Delhi officials bust a syndicate of 7 firms in GST evasion of more than Rs 85 crore Through extensive analysis of E-way bills, CGST Delhi East Commissionerate had busted a syndicate of five firms who were engaged in availing and utilising fake Input Tax Credit (ITC) of Goods and Services Tax (GST). During further …
Bust a syndicate of 7 firms in GST evasion of more than Rs 85 crore Read More »
The Government of India and the Asian Development Bank today signed a $2 million Project Readiness Financing (PRF) Loan for designing climate resilient urban infrastructure, strengthening institutional capacity and improving municipal resource mobilization in 16 district headquarter towns (DHTs) in Nagaland. The signatories to the PRF for the proposed Nagaland Urban Infrastructure Development Project were …
ADB Financing to Support Urban Development in Nagaland Read More »
One arrested by DGGI Gurugram officials for fraudulently availing Input Tax Credit of more than Rs 16 crore The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GU), Gurugram, has unearthed a case wherein a series of entities controlled by a person as Proprietor / Director of M/s Umang Overseas, M/s Ulagarsan Impex Put …
One arrested for fraudulently availing Input Tax Credit of more than Rs 16 crore Read More »
Shri Vivek Johri, Chairman, Central Board of Indirect Taxes and Customs (CBIC), presented a set of Time Release Studies (TRS) conducted by the department. TRS are essentially a performance measurement tool for assessing the cargo clearance process of the international trade, as recommended by the World Trade Organization (WTO) under the Trade Facilitation Agreement (TFA) …
CBIC Chairman releases National Time Release Study, 2022 Read More »
Major relief given for Hospitality, Civil Aviation and related enterprises under Government’s Emergency Credit Line Guarantee Scheme Increase in additional credit support from existing 40% of fund-based credit outstanding to 50% of fund and non-fund based credit outstanding under ECLGS 3.0 Eligible borrowers in the civil aviation sector now permitted to avail of non-fund based …
The Income Tax Department carried out a search and seizure operation on 14.03.2022 on a popular chain of educational institutes, running several schools and colleges at multiple locations in India and abroad. The search operation covered more than 25 premises spread over locations in Maharashtra, Karnataka and Tamil Nadu. During the search, several incriminating evidences …
Income Tax Department conducts searches in Maharashtra Read More »
The tax revenue in the Union Budget for 2021-22 was estimated at ₹22.17 lakh crore against the revised estimates of ₹19 lakh crore, with a growth of 17%. The Union Budget was presented on 1st February, 2021 when the 1st COVID wave had tapered off in India but the world was facing successive waves. Against the Union …
Tax Revenues in 2021-22 exceed the Union Budget estimates by ₹5 lakh crore Read More »