News for 'Department of Revenue'

CBIC Goes Soft On GST Investigations

CBIC Goes Soft On GST Investigations

Rediff.com23 Apr 2024

The principal commissioner has been made responsible for developing and approving any intelligence, conducting search, and completing investigations and relevant subsequent actions, including at the lower field formations, points out T N C Rajagopalan.

Kerala looks at early rehabilitation of Wayanad's disaster-hit

Kerala looks at early rehabilitation of Wayanad's disaster-hit

Rediff.com5 Aug 2024

Land, houses and other infrastructure facilities required for the rehabilitation procedure would be constructed at the earliest, the authorities said.

When it comes to litigation, DoT is among the top govt departments

When it comes to litigation, DoT is among the top govt departments

Rediff.com8 Aug 2018

Lawyers representing govt point out that telcos, because of the large money they can save if they get a favourable judgement, prefer to fight till all legal options are exhausted

Stop filers a worry for revenue dept

Stop filers a worry for revenue dept

Rediff.com15 Apr 2006

Rs 900 Crores Cyber Scams Prevented!

Rs 900 Crores Cyber Scams Prevented!

Rediff.com6 Dec 2023

...benefiting 350,000 persons. Also, Trai detected and blocked seven million mobile phone connections involved in cyber fraud and suspicious activities.

Wayanad landslides: Toll at 221, mass grave for unidentified remains

Wayanad landslides: Toll at 221, mass grave for unidentified remains

Rediff.com5 Aug 2024

Several people are still feared trapped in the debris after a series of landslides that occurred in Chooralmala and Mundakkai of Wayanad.

Tesla begins formal talks with govt

Tesla begins formal talks with govt

Rediff.com19 Apr 2024

In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.

In FY25, NHAI to monetise 2,741 km roads

In FY25, NHAI to monetise 2,741 km roads

Rediff.com18 Apr 2024

The National Highways Authority of India (NHAI) is looking to monetise 33 stretches of national highways during the current financial year (FY25) through its toll operate transfer (TOT) and infrastructure investment trust (Invit). These stretches include Lucknow-Aligarh, Kanpur-Ayodhya-Gorakhpur, and Bareilly-Sitapur in Uttar Pradesh, Gurugram-Kotputli-Jaipur bypass and Jaipur-Kishangarh in Rajasthan, Panikoili-Rimuli in Odisha, Chennai Bypass in Tamil Nadu, and Muzaffarpur-Darbhanga-Purnia highway in Bihar. Cumulatively, the 33 stretches, spanning 2,741 kilometres (km) earned approximately Rs 5,000 crore revenue in FY24.

GST collections rise to Rs 1.65 lakh cr in July

GST collections rise to Rs 1.65 lakh cr in July

Rediff.com1 Aug 2023

GST collection rose 11 per cent to over Rs 1.65 lakh crore in July as a result of anti-evasion measures and higher consumer spending. This is the fifth time since the rollout of the Goods and Services Tax (GST) regime that monthly collections have crossed the Rs 1.60 lakh crore mark -- making it the new normal. "Gross GST revenue collected in July is Rs 1,65,105 crore of which CGST is Rs 29,773 crore, SGST is Rs 37,623 crore, IGST is Rs 85,930 crore (including Rs 41,239 crore collected on import of goods) and cess is Rs 11,779 crore (including Rs 840 crore collected on import of goods)," the finance ministry said in a statement.

Think Before You Make A Complaint!

Think Before You Make A Complaint!

Rediff.com7 Jun 2024

National Commission concluded that false and baseless allegations had been made in the complaint to claim a highly exaggerated and atrocious amount of compensation.

FM may eye non-tax revenue in Budget to fund capital expenditure

FM may eye non-tax revenue in Budget to fund capital expenditure

Rediff.com5 Jun 2014

The finance minister could review customs duty on crude oil, other exemptions.

Telcos cut tariffs, licence fee revenue shrinks

Telcos cut tariffs, licence fee revenue shrinks

Rediff.com12 Apr 2010

A senior department of telecommunication official said the estimated figure for 2009-10 is Rs 10,000 crore and the actual figures could be a little higher.

RCom reported less revenue: Govt action soon

RCom reported less revenue: Govt action soon

Rediff.com7 Dec 2009

There was an under reporting of Rs 1000 crore (Rs 10 billion) to Rs 1500 crore (Rs 15 billion) by the telecom firms, to avoid payment of licence fee, and the government may have lost about Rs 250 crore (Rs 2.5 billion) because of this, telecom minister A Raja said during Question Hour.

M&M's growth engines roar to life, launches to drive gains

M&M's growth engines roar to life, launches to drive gains

Rediff.com13 May 2024

The stock of Mahindra & Mahindra (M&M) has been touching successive all-time highs on the bourses and, over the past year, gained 81 per cent. While the S&P BSE Auto Index has not performed poorly, registering gains of 73 per cent, it still trails the company by 800 basis points (bps) during this period. There are multiple reasons why investors are beating a path to M&M's counter.

'Ratan Tata Always Displayed His Kindness'

'Ratan Tata Always Displayed His Kindness'

Rediff.com12 Nov 2024

'When the bombing happened in the Taj Mahal hotel in 2008, that was a very sad moment, but he really took care of the people, took care of everybody and that was when you saw some of his best moments.' 'There are some things which we will never forget. That is when the best of a person comes out.'

Retro amendment, GAAR keep revenue dept busy in 2012

Retro amendment, GAAR keep revenue dept busy in 2012

Rediff.com27 Dec 2012

After taking charge, P Chidambaram promised fine-tuning of policies and place a stable tax regime.

Flood-like situation in Bengal, Bihar rivers in spate

Flood-like situation in Bengal, Bihar rivers in spate

Rediff.com7 Jul 2024

Many low-lying areas in West Bengal's sub-Himalayan region were reeling from a flood-like situation while major rivers in Bihar were flowing above the danger level at several places as unabated heavy rain lashed the country's eastern parts on Sunday.

Tax Collections May Exceed Budget Estimates

Tax Collections May Exceed Budget Estimates

Rediff.com15 Nov 2023

Taking both direct and indirect taxes, the gross collection is expected to grow 10.45 per cent to Rs 33.61 trillion in 2023-2024.

BSNL revenue may fall by Rs 6500 cr

BSNL revenue may fall by Rs 6500 cr

Rediff.com5 Jul 2005

In a sharp contrast to the boom in the telecom sector, the revenue of public sector BSNL may take a hit of Rs 6,500 crore (Rs 65 billion) in the current financial year adversely affecting the telecom monolith's profitability.

Telecom cos under lens for under-reporting revenues of Rs 10K cr

Telecom cos under lens for under-reporting revenues of Rs 10K cr

Rediff.com12 Dec 2014

The government has served showcause notices to various telecom firms for alleged under-reporting of revenues of over Rs 10,800 crore till November 2012, Lok Sabha was informed on Friday.

India takes first steps to meet 2070 net-zero goal, Niti Aayog forms panels

India takes first steps to meet 2070 net-zero goal, Niti Aayog forms panels

Rediff.com1 Jul 2024

Three years after India declared its goal to become a net-zero economy by 2070, the policy design for achieving the target has begun, with the NITI Aayog forming dedicated multi-sectoral committees to prepare a transition plan. In 2021, India joined a select group of nations that set a target year for becoming net-zero carbon economy. At COP26 in Glasgow, Prime Minister Narendra Modi outlined a five-pronged 'Panchamitra' climate action target for India and committed to a net-zero target by 2070, joining nations like the US, the UK, and China.

31 dead, lakhs homeless in AP, Telangana floods

31 dead, lakhs homeless in AP, Telangana floods

Rediff.com2 Sep 2024

At least 16 people lost their lives in various rain-related incidents in Telangana while the unprecedented rainfall and floods in Andhra Pradesh over the past three days affected about 4.5 lakh people leading to the evacuation of more than 30,000 to relief camps.

HC restrains misuse of actor Jackie Shroff's name, voice without consent

HC restrains misuse of actor Jackie Shroff's name, voice without consent

Rediff.com18 May 2024

The court said Shroff is a celebrity and this status inherently grants him certain rights over his personality and associated attributes.

Why This 2-Time MP Won't Contest Polls

Why This 2-Time MP Won't Contest Polls

Rediff.com2 Feb 2024

'If businessmen should be included in the political process -- which is essential in my opinion -- they need to have the freedom to express themselves and to take stands against the government of the day, without fear of reprisals and attacks on their business.'

Why Government Jobs Are In Short Supply

Why Government Jobs Are In Short Supply

Rediff.com13 Jul 2023

Almost 25 per cent central government posts were vacant as of March 2022, compared to 9.4 per cent in March 2002.

ED uses fridge, smart TV invoices as evidence against Soren

ED uses fridge, smart TV invoices as evidence against Soren

Rediff.com7 Apr 2024

The federal probe agency obtained these receipts from two Ranchi-based dealers and attached those to its charge sheet filed against the 48-year-old Jharkhand Mukti Morcha (JMM) leader and four others last month.

Rajasthan CM Confronts Dire Financial Crunch

Rajasthan CM Confronts Dire Financial Crunch

Rediff.com28 Dec 2023

Rajasthan is reeling under a huge financial burden with the state's debt having gone beyond Rs 5.59 lakh crores. Rajasthan has increased expenditure on education by 203.4 percent, by 105.4 percent on health, by 227.14 percent on housing. Its expenditure on social welfare schemes has increased by almost 2,475 per cent.

Are others incompetent? SC asked govt for seeking extension for Mishra

Are others incompetent? SC asked govt for seeking extension for Mishra

Rediff.com27 Jul 2023

"Are we not giving a picture that there is no other person and the entire department is full of incompetent people?" a bench headed by Justice B R Gavai told Solicitor General Tushar Mehta.

ED raids Hero MotoCorp chairman Pawan Munjal

ED raids Hero MotoCorp chairman Pawan Munjal

Rediff.com1 Aug 2023

The Enforcement Directorate on Tuesday conducted raids against Hero Motocorp executive chairperson Pawan Munjal and others as part of a money laundering investigation, official sources said. The searches were carried out at premises located in Delhi and neighbouring Gurugram in accordance with provisions of the Prevention of Money Laundering Act (PMLA).

I-T notices to high net individuals boosted govt revenues

I-T notices to high net individuals boosted govt revenues

Rediff.com25 Feb 2014

The government managed to raise revenues by sending notices to high net individuals to did not file I-T returns last year.

Apple Sales In India Up to 67,000 Cr

Apple Sales In India Up to 67,000 Cr

Rediff.com16 Jul 2024

Despite the robust growth in this country, Apple's India share in its overall global sales remained modest -- constituting 1.5 per cent of its overall turnover of $389 billion in FY23.

Reliance General Insurance gets Rs 922 crore GST notices from DGGI

Reliance General Insurance gets Rs 922 crore GST notices from DGGI

Rediff.com9 Oct 2023

Reliance General Insurance Company (RGIC), a subsidiary of Reliance Capital, finds itself in a bind as the Directorate General of GST Intelligence (DGGI) has issued multiple Show Cause Notices (SCNs) amounting to Rs 922.6 crore. This development comes at a time when Reliance Capital is currently undergoing a debt resolution under the National Company Law Tribunal (NCLT) process in which the Hinduja group has emerged the winner. The Hinduja acquisition is currently awaiting the Supreme Court's approval after the Torrent group, the winner of the first round, challenged the second auction conducted by the lenders of Reliance Capital.

Taxtortion Is Here To Stay!

Taxtortion Is Here To Stay!

Rediff.com31 Jan 2024

If you think that revenue officials are going berserk, acting on their own, while the government chants the mantra of 'ease of doing business', you would be wrong. These moves appear to have full official backing, points out Debashis Basu.

No Major Cash Outflows In Winter Session

No Major Cash Outflows In Winter Session

Rediff.com23 Nov 2023

The government has exhausted only 39 per cent of its fiscal deficit target in the first half of FY24.

Divestment department gets a fancy name 'Dipam' but wings clipped

Divestment department gets a fancy name 'Dipam' but wings clipped

Rediff.com2 Mar 2016

The guidelines for strategic disinvestment were issued on Monday itself when Finance Minister Arun Jaitley presented the Union Budget for 2016-17.

How Sisodia's arrest will affect Kejriwal govt, AAP

How Sisodia's arrest will affect Kejriwal govt, AAP

Rediff.com26 Feb 2023

Deputy Chief Minister Manish Sisodia holds as many as 18 of the total 33 departments, including education, finance and home.

US Treasuries drive RBI's bumper surplus to Centre

US Treasuries drive RBI's bumper surplus to Centre

Rediff.com31 May 2024

A combination of factors, including heavy investments in US Treasury bonds and dollar sales at a healthy profit, facilitated the Indian central bank in transferring a record surplus of Rs 2.11 trillion to the government for 2023-24 (FY24). The RBI's dollar purchases increased in FY24, supported by robust capital inflows endorsing the economy's health.

Madras HC upholds conviction of over 200 in mass rape, atrocities case

Madras HC upholds conviction of over 200 in mass rape, atrocities case

Rediff.com29 Sep 2023

The Madras high court on Friday upheld a trial court order convicting over 200 men, including forest and police officials and sentencing them to various prison terms for atrocities committed against tribals including rape, where the victims included a minor girl and a pregnant woman.

Heavy rains lash Kerala, cloudburst in Kochi; flood-hit shifted to camps

Heavy rains lash Kerala, cloudburst in Kochi; flood-hit shifted to camps

Rediff.com28 May 2024

Tourist centres have been closed in many districts, including Kottayam and Thiruvananthapuram, and a night travel ban has been imposed in the hilly areas of Idukki district.