Haryana Chief Minister Nayab Singh Saini announced a CBI investigation into the Rs 590-crore IDFC First Bank fraud case, emphasising the government's zero-tolerance approach to wrongdoing. The State Vigilance and Anti-Corruption Bureau had previously investigated the case, arresting several individuals, including ex-IDFC First Bank employees. The alleged fraud involved the diversion of Haryana government funds intended for fixed deposits.
An accidental encounter between Maharashtra deputy CM Devendra Fadnavis and Shiv Sena-Uddhav Balasaheb Thackeray chief Uddhav Thackeray in a lift in Vidhan Bhawan on Thursday caused ripples in state political circles.
Senior tax officials were told to focus on cash collection from the arrears so that the target for FY23 was achieved and the overall revenue position improved.
'There are unscrupulous traders who create fake invoices by showing bogus e-way bills, movement of goods.' 'Since the entities registered across different states, and kept on changing their numbers, tracing them was difficult.'
Regional States will be worried that the US's nascent engagement with the Taliban behind the fig leaf of humanitarian aid enables the return of US intelligence personnel to Afghanistan, observes Ambassador M K Bhadrakumar.
India is on the brink of overhauling its tax system, implementing the BEPS project and seeing a further evolution of the GST at the same time as a general election. This makes 2019 an exciting and challenging year, note Maulik Doshi and Jigar Doshi.
Businesses coming to terms with Ind-AS (Indian Accounting Standards) implementation, GST can do without further uncertainty and costs, say N Sundaresha Subramanian & Sudipto Dey.
