A whopping Rs 62,476 crore has been "illegally" transferred by smartphone maker Vivo to China in order to avoid payment of taxes in India, the Enforcement Directorate said Thursday, as it claimed to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies. This money is almost half of Vivo's turnover of Rs 1,25,185 crore, it said without stating the time period of the transaction. The crackdown on the leading Chinese company came after the federal probe agency found that three Chinese nationals, all of whom "left" India during 2018-21, and one other person from that country incorporated as many as 23 companies in India in which they were also helped by a Chartered Accountant, Nitin Garg.
The transgression took place on August 30, and the Chinese troops returned from the area after spending few hours, they said.
Sri Lankan Prime Minister Mahinda Rajapaksa resigned on Monday, hours after his supporters attacked anti-government protesters outside embattled President Gotabaya Rajapaksa's office, leaving at least 78 people injured and prompting authorities to impose a nationwide curfew and deploy army troops in the capital.
Support from the committee gives Xi an indefinite extension on the reins of power, which will surely result in hawkish and insular policies. It does not bode well for relations with the USA, or with anyone else who does not bow the knee to Beijing, for that matter.
Israel on Wednesday stepped up its offensive in Gaza, asking 100,000 Palestinians to flee their homes and threatening ground operations, as the death toll in the airstrikes climbed to 208 with tensions escalating following failed Egyptian cease-fire efforts.
Pakistani-American terrorist David Coleman Headley on Tuesday continued his deposition for the second consecutive day before a court in Mumbai.
At least 15,000 pilgrims, who were stranded near the Amarnath holy cave in Jammu and Kashmir due to a flash flood triggered by a cloudburst, have been shifted to the lower base camp of Panjtarni, an Indo-Tibetan Border Police (ITBP) spokesperson said on Saturday.
The High Commission said it was striving to return to its normal functioning soon.
"No intimidation will budge us from our willingness to help that country rise up again and rebuild itself with self-government, security and freedom," Italian Prime Minister Silvio Berlusconi said .
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