Essar Oil, which was building a 9-million tonne per annum crude oil refinery at Vadinar in Gujarat, was supposed to complete it by April 2003, so that it would be qualified to get the benefits of the sales tax incentives.
Customs officials are busy at ports and airports, scanning passengers to ensure that COVID-19 virus-affected people are traced. So, officials are not able to focus much on baggage checking. This could lead to more gold getting smuggled into the country as luggage check at airports is now random unlike earlier where every bag was checked thoroughly.
The auditors also said that the company is in the process of monetising its assets and has submitted a draft resolution plan to the consortium of bankers for restructuring its borrowings and also there have been discussions for stake sale by the promoters to a strategic partner with further equity infusion.
Putrajeevak Beej, the medicine from Baba Ramdev's pharmacy, promises the delivery of a male child.
'Indian grocery stores earned more profits in the last three weeks than they do during Diwali.'
Football's governing body is working with police globally to crack down on internet sales of fake tickets for next year's World Cup in South Africa, FIFA said on Friday.
PharmEasy, 1mg and Netmeds believe that their disruptive capabilities will power their brands despite the recent court ruling. The Drug Controller General of India recently directed all state FDAs to stop the online sale of medicines as per a Delhi high court order of last year.
The group of five 'gau rakshaks' also allegedly forced one of the victims to beat up a woman accompanying them with chappals, a police officer said.
Terming as "illegal" marketing margins charged by RIL on gas supplied to it, Anil Ambani group firm Reliance Infra has asked the Mukesh Ambani-led company to withdraw these charges and refund the payments it had made till now.
While the American Club Cool Fresh Taste saw the minimum hike of 10 per cent, from Rs 200 to Rs 220 for a pack of 20 cigarettes, the price of Navy Cut Filter rose by about 16 per cent, at Rs 80 for a pack of 10 sticks. Flake Filter has become costlier by 14 per cent at Rs 80, while prices of Flake Special Filter, Flake Blue Special Filter and Wave Cool Mint rose by 20 per cent.
Welcoming the Allahabad high court ruling declaring that conversion for the sole purpose of marriage is not valid, the chief minister also said posters would be put up of those involved in 'love jihad', a derogatory coinage referring to the alleged campaign of Muslims forcing Hindu girls to convert in the guise of love.
With Hillary Clinton's email saga getting murkier, Donald Trump has alleged that the former secretary of state set up an illegal server for the purpose of shielding her "criminal conduct" from public and asserted that the action was "willful, deliberate and purposeful".
Five years after Chief Minister Nitish Kumar imposed total prohibition in Bihar, the liquor mafia continues to thrive, reports MI Khan.
'At least three top bureaucrats have been declared guilty in recent years in connection with scams where they had no pecuniary benefit.' 'But in the telecom case, a money trail is declared irrelevant because no scam has been proved in the first place.' 'Fair enough; so we must punish illegality without criminality, but ignore possible criminality as suggestive of illegality,' points out T N Ninan.
The town produces 85 per cent of the country's fireworks.
Samridhi Bhardwaj analyses the dynamics of duty-free liquor allowance in India.
Beware of spot offers and discounts aimed to lure you into binge buying.
The Indian Army has let off 73 officers -- who were illegally selling weapons in Rajasthan -- with a mere reprimand or a token fine of Rs 500, despite the state government informing the Supreme Court on Monday that the gun racket extends to other parts of the country as well.
The country's leading music companies are grappling with a new problem: how to sell their music. Sale of cassettes and CDs are on the decline, while online sales have been severely undercut by free downloads.
Sahara India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be released.
The supply of buffalo meat has dried up due to ban on illegal slaughterhouses.
Rattled by the public outcry over illegal liquor sale that claimed 173 lives in South 24-Parganas district a week ago, the hooch-sellers have demanded a financial package as a pre-condition to discarding their trade on the lines of the one announced for the Maoists. The bootleggers have formed a committee for this purpose and pasted posters on the walls of the Joynagar railway station, close to Sangrampur, from where most of the victims hailed, requesting a financial package.
Issuing debentures is one way by which companies raise loans.
The outburst came after both were locked in an argument over liquor smuggling in Fatehabad district.
US market regulator SEC has slapped penalties of over $16 million on spirits giant Diageo Plc for indulging in corrupt practices in India, Thailand and South Korea to push up sales of its leading brands like Johnnie Walker.
The National Anti-Profiteering Authority has ordered FMCG major Nestle to deposit Rs 73.15 crore with Consumer Welfare Fund for not passing GST rate reduction benefit to consumers. Refuting the charges, Nestle said the benefits largely have been passed on by way of reduction of MRP or by way of increase in grammage.
The Ministry of Finance's Directorate of Enforcement should also be made a part of the state-level coordination panels,
The Bihar government has challenged the high court verdict of September 30 which had quashed the notification banning consumption and sale of liquor in the state.
Dealers anticipated a sharp rise in jewellery demand this wedding season, but then came demonetisation.
'The norm will be even less public accountability, even less transparency, tweets instead of press conferences, TV lectures rather than parliamentary debate, and greater political authoritarianism,' predicts Sunanda K Datta-Ray.
The SEC's complaint charges Khan, Chaganlal, Mendonsa, and Akbari with violating the antifraud provisions of the federal securities laws.
Justice Shivraj Patil will take over as the Lokayukta in Karnataka once Justice Santosh Hegde retires in August.Justice Patil, who belongs to the Lingayat community of Karnataka, was recently in the news when he was the appointed to probe the lapses in the sale of 2G spectrum by the telecom ministry. Justice Patil will take over as the top anti-corruption official of Karnataka at a crucial time, when the state government is trying to play down the report on illegal mining.
Maharashtra's Food and Drugs Administration on Wednesday argued in the Bombay High Court that Nestle India.
In recent weeks, reports have come out from Uttar Pradesh of members of the Hindu Yuva Vahini thrashing couples, shutting down meat shops. Many say that the group formed in 2002 by Yogi Adityanath has been emboldened ever since his elevation to chief minister. Here's a look at the 2-million strong and growing group.
Union Environment Minister Jairam Ramesh on Monday announced a proposal to ban trade of peacock feathers to protect the national bird from illegal poaching and killing.
Banks asked to maintain record of cash being ferried in these vehicles all the time
The introduction of e-pharmacy, to protect the interest of a handful of players, would hamper the interest of 800,000 chemists and 80 lakh workers and their families
"There have been regular complaints of illegal encroachment and sale of Wakf properties the country wide. Hence, we tried to amend some provisions of the existing Wakf Act 1995. Now questions are being raised as why Wakf properties is being registered. This is an age in which even births and deaths are being registered. I fail to understand why should there be any objection to registration of Wakf properties," Khurshid said in New Delhi.
Cigarette companies have substantial wriggle room thanks to India's complex tax structure, which categorises them by length and filter
In a strongly worded legal notice to FabIndia Chief Executive Officer Viney Singh, KVIC's director (legal affairs), noted that the organisation was continuing to sell its garments in the name and style of Khadi despite earlier warnings by KVIC and assurances by FabIndia that it will not continue do so.
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