Of the 11,000 kg imported between July 1 and August 9, around 90 per cent was brought in by two business groups which took advantage of the favourable reduction in tax incidence under GST, routing their imports through Korea.
Lasalgaon, Pimpalgaon mandis halt auctions to arrest the decline.
It was an individual complainant, seeking action against Rs 34 crore (Rs 340 million) he was allegedly duped, and "sham transactions" involving three 'housewives' that has led to regulator Sebi coming hard on the country's biggest real estate developer DLF and its top executives.
Steps such as safeguard duty in the works to plug the route
'A fierce crusader against communalism, George joined hands with majoritarian forces, never to revisit or re-assess his saffron association.' 'He was a Union minister in 1998-2004, a time when people like Graham Staines were lynched in Orissa.' 'On the Gujarat pogrom of 2002, George went on to kind of justify the slashing of pregnant women, by saying in the Lok Sabha that this was nothing new for India.' 'Thus, he was in sharp contrast to what he had himself stood for in the heyday of his political career in the 1970s and 1980s, says Mohammad Sajjad.
'India should today tell China to provide proper facilities in Minsar for Indian yatris visiting Mt Kailash,' says Claude Arpi.
Zahid Rasool Bhat, 19, a truck assistant had received 74 per cent burn injuries with another person on October 9 when a Kashmir-bound truck was attacked by a mob protesting against the beef party hosted by an independent MLA in the summer capital of Srinagar.
In the concluding article of a six-part series, Business Standard visits Ludhiana, one of the largest industrial towns in Punjab, to assess the effect of demonetisation.
Once called India's garden city, this upper middle-class residential area in Bangalore has India's most toxic air, says Devanik Saha, IndiaSpend.com.
As the bull-run in Dalal Street gathers pace, people keen on riding it are looking to arm themselves with new tools and techniques.
John Lang represented Rani Laxmibai in her legal battle against the East India Company to prevent the British from annexing her kingdom of Jhansi. Rediff.com's Archana Masih on a maverick Aussie who spent 22 years in India and became a friend in its dark days of bondage.
Just as the mighty Bhim sacrificed his son Ghatotkach and Arjun sacrificed his son Abhimanyu in the battle against Kauravas, Yashwant Sinha must ask his son Jayant to sacrifice his ministerial office, says Sudhir Bisht.
'The prime ministership needs a statesman, not a politician, and 18 months into the job Modi is yet to learn the difference between the two,' says Saisuresh Sivaswamy.
Shopkeepers are losing buyers in droves to e-tailers for everything from fashion to smartphones, and are struggling to find solutions.
Contract finally given for Rs 2,400-cr project, with GIFT City-like features
Protests demanding Jallikattu swelled on the streets of Tamil Nadu after agitators rejected statements by Prime Minister Narendra Modi and Chief Minister O Panneerselvam and the state braced for a shutdown on Friday.
There was a sharp fall in power output on Thursday from a plant in Gujarat that left India more than 9,000 megawatts short of peak demand, according to two officials at the state grid operator.
What makes Ashdeen Lilaowala's work with the Parsi gara so important? Read on.
Here's a look at some of the other darbars in the hard-to-please city of Amritsar, known for its appetite for food and drink and its insolent humour:
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
This is the first time the fight is between mother and son. Both sides don't look in the mood to relent: Advisors and spin doctors have been hired, lawyers have been consulted.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Appearing on Rediff Chat, G Srikanth, partner in GSV Associates, Chartered Accountants, Chennai, and member of the Institute of Cost and Management Accountants, answered readers' queries on the Goods and Services Act.
Brijmohan Lall Munjal, 92, who recently became chairman emeritus of Hero MotoCorp, single-handedly rewrote the rules of the motorcycle business
Narendra Modi is no reformist, but here's how he could yet change the path India's economy.
'Gau rakshaks portray themselves to be bigger than the chief minister and Prime Minister Modi.' 'We have lost business of Rs 4,000 crore in UP alone since the BJP manifesto was released.'
Govt rules out controls on FII capital as Sensex tanks 3.97%, rupee breaches 62 intra-day & gold surges the most in two years
Modi is optimistic that the reforms will be passed soon.
On Sunday, Prime Minister Narendra Modi expanded his Cabinet and inducted 21 new ministers. Of these, 4 - Manohar Parrikar, JP Nadda, Suresh Prabhu and Birender Singh were appointed as Cabinet ministers. Other than this, Modi has inducted 17 other ministers of state. Here's a quick look at them:
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
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