The four officials were asked questions related to the UPA government's '20:80' gold import scheme, which was cleared by Chidambaram on May 13, 2014, barely three days before the counting of votes of the general election
After Reliance Industries Ltd and its partner bp plc of the UK, Nayara Energy - the nation's largest private fuel retailer - has started selling petrol and diesel at Re 1 less than the fuel sold by state-owned retailers, officials said. While state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) continue to hold prices despite a drop in international rates, private fuel retailers have started passing on the benefit to consumers. "To further stimulate domestic consumption and cater to local customers better, we have introduced a Re 1 discount in our retail outlets until the end of June 2023," a spokesperson for Nayara Energy said.
Uniform Civil Code is aimed at replacing personal laws based on religions, customs, and traditions with one common law for everyone irrespective of religion, caste, creed, sexual orientation, and gender. Personal laws and laws related to inheritance, adoption and succession are likely to be covered by a common code.
He, however, made it clear that a sudden change cannot be expected as it was a "sensitive matter" related to an age-old custom and tradition.
Vinod Garg, executive director, commercial, Ispat Industries, and his wife were at a business dinner with the company's foreign customers when terrorists attacked the hotel on Wednesday night.
A few years ago, when top officials of Indian state-run refiners went to Dubai to negotiate a crude oil supply contract, a senior official from state-owned Saudi Aramco told them, "We can negotiate on anything, but I am the last man standing for you. "Nobody can offer the range of crudes we do with certainty," an official who was part of the negotiating team recalls. Perhaps that explains why Saudi Arabia is less concerned about losing its place as India's premier oil supplier to an upstart like Russia, which emerged from nowhere to become India's biggest crude oil supplier in September and October.
He told officials he was taking the diamonds to Bangkok to selling on Valentine's day.
Anil Ambani Group company has offered a bank guarantee and indemnity bond for the aircraft, but the Customs officials have that said that it is not possible without the seizure notice.
The Centre on Tuesday directed Suresh Kalmadi, convener of the Commonwealth Games, to relieve immediately T S Darbari and Dr Sanjay Mahindroo, senior officials holding high positions in the CWG Organising Committee, on alleged corruption charges.
Bodies of eight persons were found on Friday in a marsh on the riverbank near Akwesasne, a community which straddles Quebec, Ontario and New York state.
Officials from State-run refiners contend that savings from purchase of Russian oil are used to offset a part of the losses in revenues from selling transport fuels and LPG at State-set rates.
'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.'
A three-member team each from the Central Drugs Standard Control Organisation (CDSCO) and the State Drug Controller visited the plant in Tamil Nadu's Kancheepuram, 40 km from Chennai, on Friday after the company recalled the eye drop.
The police also rescued two women, who were scheduled to go to Goa with dummy customers, after the racket was busted on Monday evening, a senior official said.
It is now becoming increasingly clear that rising imports have played a significant role in sustaining the buoyancy in revenues from GST, notes A K Bhattacharya.
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.
Patel was denied entry into the country as he did not possess the necessary immigration documents.
'Each state and central government body may be asked to update its system to ensure PAN is used as a common identification to access its services.'
The Department of Revenue Intelligence, Customs and Central Excise have intercepted a container at Cochin, which had arrived from Dubai, suspecting that it is carrying counterfeit currency notes. The owner of the consignment had told the Customs officials that the container had children's diapers and it was brought from China after conducting all clearances, informed sources.
In a first of its kind move, the Indian Railways Catering and Tourism Corporation (IRCTC), the ticket booking arm of the Indian Railways, is looking to monetise its bank of passenger data while conducting business with private and government companies. IRCTC has a large bank of data related to every online railway ticket ever generated as it is the country's only railway ticketing platform, an IRCTC official told Business Standard. The public sector undertaking, which has sought the services of a consultant to assist with the monetisation process, plans to raise Rs 1,000 crore through this exercise.
Lead indicators suggest that domestic current account deficit (CAD) is likely to reduce in 2023, while macro-economic stability has received a boost from inflation being brought back to the official tolerance band, according to the Reserve Bank of India's (RBI's) January 2023 Bulletin. "With the merchandise trade deficit reaching an all-time high of $83.5 billion in a quarter, and a rise in net outgo from the income account, the current account deficit increased to 4.4 per cent of GDP in Q2FY23," the State of the Economy article in the bulletin said. "It is noteworthy, however, that the CAD for Q1 was revised down from 2.8 per cent to 2.2 per cent on account of downward adjustment in Customs data.
Artworks and traditional items representing the rich heritage of Gujarat and Himachal Pradesh were Prime Minister Narendra Modi's choice of presents to world leaders during the G-20 summit in Bali.
With an eye on the coming festive season, leading public sector bank State Bank of India will provide home loans to its customers at concessional interest rates. SBI chief general manager (CGM) Umesh Kumar Pandey informed that this drive to provide home loans at concessional interest rates will be completed in two phases, an official release said on Thursday. The first phase will be operated from September 1 to October 31, while the second phase will be operational from November 1 to December 31, it said.
House of Commons Speaker John Bercow told MPs that the bill had received Royal Assent, which involves Queen Elizabeth II's final approval required to make it an Act of Parliament.
Eleven convicts of the 1993 Mumbai serial blasts case, who were out on bail, on Wednesday surrendered before the designated Terrorist and Disruptive Activities court here following the dismissal of their appeals by the Supreme Court.
The Bengaluru-based firm competes with US rival Uber whose lukewarm IPO last year has contributed to the lag in valuation trend among the unicorns across the Indian start-up ecosystem.
Having issued over 21 lakh cards since lifting of curbs last year, the country's largest private sector lender HDFC Bank is planning to launch a slew of digital initiatives over the next few quarters, a top official said. The Reserve Bank had barred HDFC Bank from issuing new credit cards following incidents of outages in the lender's internet banking /mobile banking/ payment utilities over the previous two years. The curbs were partially lifted after eight months in August last year. Finally, in March 2022, the RBI lifted all restrictions placed on the bank, including digital launches.
The woman gave birth to the child in September, but was not in a position to take care of him because of her family's poor financial condition, an official from Manpada police station said.
"There is no allegation in the charging documents that any Nike employee was aware of or knowingly participated in any bribery or kickback scheme," the company said.
Stalin is preparing the DMK to go the whole hog in making 'federalism', 'Tamil self-respect' and 'communal cohesiveness' the party's poll plank next year, and package the BJP and its possible allies, as 'divisive' and 'reactionary', predicts N Sathiya Moorthy.
Kiran Rao, company's executive vice-president for sales, marketing and customer affairs, also said that government-owned Air India and private carriers Jet Airways and Kingfisher Airlines will create a niche in the global market due to their quality service in the next few years despite stiff international competition.
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to a 14-year-high of 3.83 billion Swiss francs (over Rs 30,500 crore) in 2021 on a sharp surge in holdings via securities and similar instruments while customer deposits rose as well, annual data from Switzerland's central bank showed on Thursday.
Chinese phone maker Xiaomi's India unit has been slapped with a Rs 653 crore notice for alleged evasion of import duty, as per an official statement. A show-cause notice has been slapped on Xiaomi India following recovery of documents during searches on its premises that indicated remittance of royalty and licence fee to US and Chinese firms under contractual obligations, the union finance ministry said on Wednesday. Replying to an email query, a Xiaomi spokesperson said, "At Xiaomi India, we give utmost importance to ensuring we comply with all Indian laws.
'The Manipur government is a government now ruled by the mob.'
For the first time in seven months, trucks carrying supplies for NATO troops crossed from Pakistan to Afghanistan on Thursday after authorities in Islamabad lifted a blockade of the vital routes ending a bitter standoff with the United States.
Noting that the India-specific fighter on offer and its programme's size, scope and success will enable Indian industry to take advantage of unprecedented manufacturing, upgrade and sustainment opportunities well into the future, Lall said the platform will give Indian industry a unique opportunity to become a part of the world's largest fighter aircraft ecosystem.
According to customs officials, the cross-border movement of trucks will drop further.
Between 1987 and 2012, 756 guns that have been given to MPs and VIPs across India. Vicky Nanjappa reports
The Terrorist and Disrutive Activities Act (Prevention) Court on Tuesday sentenced seven persons for their role in 1993 Mumbai serial blasts, including four former customs officers, to prison terms ranging from five yrs rigorous imprisonment to life.