News for 'Revenue Department'

HC judge chides OPS for seeking change of judge in AIADMK gen council case

HC judge chides OPS for seeking change of judge in AIADMK gen council case

Rediff.com5 Aug 2022

When the matter came up today, Justice Ramaswamy strongly condemned the action of the lawyers and remarked it was a very cheap practice, scandalising the judiciary.

UP govt orders probe in Ayodhya land-grabbing case by BJP leader's kin

UP govt orders probe in Ayodhya land-grabbing case by BJP leader's kin

Rediff.com23 Dec 2021

Hindu follows the path of truth. Hindutva robs under the guise of religion, Rahul Gandhi said.

India test-fires medium range surface-to air missile

India test-fires medium range surface-to air missile

Rediff.com24 Dec 2020

The missile was fired from a ground mobile launcher at launch pad number-1 of the Integrated Test Range (ITR) near here at 3.55 pm, and it hit the target with accuracy, the sources said.

Deadline for tax settlement scheme may be extended

Deadline for tax settlement scheme may be extended

Rediff.com1 May 2020

The revenue department has not seen a single deposit, owing to the outbreak of the COVID-19 pandemic.

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.

Fadnavis gets home, finance; BJP bags key portfolios in Maha cabinet

Fadnavis gets home, finance; BJP bags key portfolios in Maha cabinet

Rediff.com14 Aug 2022

Five days after the induction of 18 ministers into his cabinet, Maharashtra Chief Minister Eknath Shinde on Sunday allocated portfolios, keeping Urban Development and 11 other ministries with himself, while giving the crucial Home Department to Deputy CM Devendra Fadnavis.

DoT asked to prepare reserve price, govt revenue

DoT asked to prepare reserve price, govt revenue

Rediff.com18 Jul 2012

According to sources, DoT has been asked to prepare a matrix of various levels of reserve price and spectrum usage charge at every Rs 1,000 crore (Rs 10 billion) difference in descending order and the impact that would have on tariffs for end-consumer and the revenue accrued to the government.

Taxman may net 45% of Daewoo sale

Taxman may net 45% of Daewoo sale

Rediff.com25 Apr 2005

Daewoo dues  = around Rs 1,000 cr

Daewoo dues = around Rs 1,000 cr

Rediff.com6 Apr 2005

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.

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.

Postal revenue rises to Rs 4432 cr

Postal revenue rises to Rs 4432 cr

Rediff.com24 Aug 2006

Revenue of Indian postal services has increased to Rs 4431.85 crore in 2004-05 from Rs 3297 crore in 2000-01, the Rajya Sabha was informed on Thursday.

India imposes 20% export duty on non-Basmati rice

India imposes 20% export duty on non-Basmati rice

Rediff.com8 Sep 2022

The government on Thursday imposed a 20 per cent export duty on non-Basmati rice except for parboiled rice to boost domestic supplies amid a fall in area under the paddy crop in the current Kharif season. According to a notification by the revenue department, an export duty of 20 per cent has been imposed on 'rice in husk (paddy or rough)' and 'husked (brown) rice'. The Central Board of Indirect Taxes & Customs further said the export of 'semi-milled or wholly-milled rice, whether or not polished or glazed(other than Parboiled rice and Basmati rice)' will also attract a customs duty of 20 per cent.

Demolition drive in Delhi's Mehrauli ahead of G20 meet sparks protests

Demolition drive in Delhi's Mehrauli ahead of G20 meet sparks protests

Rediff.com11 Feb 2023

The action was taken under a demolition drive, which will be carried out till March 9, officials said. It comes a month ahead of a G20 meeting planned to be hosted at the archaeological park in south Delhi.

India Inc faces excise red-tape

India Inc faces excise red-tape

Rediff.com23 Apr 2005

Tax dept targets Harshad's arrears

Tax dept targets Harshad's arrears

Rediff.com19 Oct 2004

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.'

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.

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

Trai wants revenue share cut to 6%

Trai wants revenue share cut to 6%

Rediff.com14 Jan 2005

Rationalisation in long-term capital gains tax structure on the anvil

Rationalisation in long-term capital gains tax structure on the anvil

Rediff.com25 Nov 2022

The finance ministry is looking at rationalising long-term capital gains tax structure by bringing parity between similar asset classes and revising the base year for computing indexation benefit to make it more relevant, an official said on Friday. Currently, shares held for more than one year attract a 10 per cent tax on long-term capital gains. Gains arising from sale of immovable property and unlisted shares held for more than 2 years and debt instruments and jewellery held for over 3 years attract 20 per cent long term capital gains tax.

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.

11 killed after temple chariot grazes power line in TN

11 killed after temple chariot grazes power line in TN

Rediff.com27 Apr 2022

The tragic incident occurred on Wednesday when the Appar temple's chariot procession was passing through the Thanjavur-Boodalur Road.

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.

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.

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.

'Can We In Our Businesses Set An Example?'

'Can We In Our Businesses Set An Example?'

Rediff.com10 Oct 2024

'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'

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).

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.

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.

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.

60-65 small- to mid-sized cos on I-T radar for TDS mismatch

60-65 small- to mid-sized cos on I-T radar for TDS mismatch

Rediff.com7 Sep 2021

Ahead of the second instalment of advance tax, the revenue department is scrutinising entities that have registered negative growth in their tax deducted at source (TDS) payments, even when they reported healthy advance tax payments. According to sources, taxmen have observed a mismatch in TDS payments from at least 60-65 small to mid-sized companies. Officials said it is unusual for TDS to not increase, given the improved turnover and profits - if higher advance tax payments are any indication.

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.

Coalition Won't Block Modi's Reforms

Coalition Won't Block Modi's Reforms

Rediff.com29 Jun 2024

'The BJP's numbers in this government are almost the same as those enjoyed by the Congress under P V Narasimha Rao when the reform process was kicked off in 1991.' 'As before, the only constraints on the prime minister's actions are internal, not external.' 'They come from his own assessment of the political consequences of any action,' points out Mihir S Sharma.

MHA orders probe into ex-CJI Balakrishnan's assets

MHA orders probe into ex-CJI Balakrishnan's assets

Rediff.com22 Jun 2011

The home ministry has asked the revenue department to conduct a probe into the allegations of disproportionate assets against former Chief Justice of India K G Balakrishnan.

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.