Seventy two years ago, a newly independent India ventured to hold the the first Asian Games in Delhi with meager resources.
Six years after the rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer. To apprehend black sheep, who operate as syndicates and create fake entities on the basis of forged documents to claim input tax credit (ITC), tax officers have started using data analytics, artifical intelligence and machine learning aiming to curb evasion, which was over Rs 3 lakh crore since inception of GST. It was over Rs 1 lakh crore in 2022-23. Thinktank Global Trade Research Initiative (GTRI) said the most critical pending GST reform is upgradation of GST Network to prevent fake supplies and fraudulent claims of Input Tax Credit (ITC).
Maharashtra Speaker Rahul Narvekar will likely disqualify the 16 Shiv Sena MLAs, including Eknath Shinde, who will then be asked to resign as chief minister. 'Once this is done, Ajit dada will be sworn in chief minister.'
A bench comprising Justices M R Shah and Sanjiv Khanna ordered that the Chief Judicial Magistrate at Alipore will apply his "judicial mind" and may direct the state police to conduct an enquiry on the complaint before lodging an FIR.
The actor tells us what attracted him to his latest film Cloud Atlas.
Unlike any other business, banking is a turf where the captain's role is the most critical. Often a bank is defined by the personality of the CEO who runs it. Both HDFC Bank and Kotak Mahindra Bank are the creation of their CEOs, notes Tamal Bandyopadhyay.
Bravo is the highest ever wicket taker in the IPL, with 183 wickets from 161 matches.
Education finance is a complex and dynamic sector. There are too many variables -- the course, the calibre of students, the universities, and the job prospects once the course is over, notes Tamal Bandyopadhyay.
"Tough day as a team, not a good batting display in the finals and I'm really upset today. Next, we have the T20 World Cup and we learned a lot of things in this tournament and as a batting unit, we have to stick with our plans," expressed the captain.
Udayanidhi has handed over to the BJP one real issue to draw the line between it and the INDIA alliance, predicts N Sathiya Moorthy.
According to insiders, "talks are on" between the Shiv Sena-Uddhav Balasaheb Thackeray and the Maharashtra Navnirman Sena at "an exploratory level".
Before you catch a brawny Prabhas as the Prince of Ayodhya in its VFX-heavy edition, Sukanya Verma looks at the many, many on screen portrayals of Ram over the years.
Kareena's freezing in the forest... Hina's sunny inspiration... Bhumi and her ice cream...
Sunrisers Hyderabad's batting will have to guard against the wily leg-spinner Chahal,
Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."
Sculptors Manohar Bagwe and Sadanand Bagwe, who also create the famous Lalbaug Cha Raja Ganesha, have created a 21 feet high Ganesha for this year's Ganesh Utsav in Adelaide.
'The semiconductor supply is constantly improving, with visible green-shoots in the situation as compared to earlier part of last year'
GST collections in June witnessed a 56 per cent year-on-year increase to over Rs 1.44 lakh crore on economic recovery and better anti-evasion measures, the finance ministry said on Friday. Goods and Services Tax (GST) collections in June, 2021 stood at Rs 92,800 crore. Speaking at the GST Day celebrations, Finance Minister Nirmala Sitharaman said Rs 1.4 lakh crore is the "rough bottom line" for monthly GST revenue collections.
By changing the nation's name from India to Bharat, would this landmass overnight lose the emotional and cultural linkage that had been built over generations, centuries and millennia, asks N Sathiya Moorthy.
The Uddhav Thackeray-led Shiv Sena on Tuesday said it will hold the party's annual Dussehra rally at the Shivaji Park ground here whether or not the Brihanmumbai Municipal Corporation (BMC) gives its nod.
'RRRockstar Mrning! #Yellove #WhistlePodu @imjadeja' CSK tweeted.
Wadia group-owned Go First will temporarily suspend flights on May 3 and 4 amid severe fund crunch, the airline's chief Kaushik Khona said on Tuesday.
At the World Bank Banga will be replacing David Malpass, a former Trump treasury official, reports axios.com. Malpass had already announced that he will resign by July, months ahead of his term expired. "Ajay is uniquely equipped to lead the World Bank at this critical moment in history," President Biden said in a statement. Banga, 63, currently serves as vice chairman at General Atlantic.
'I believe they (India) can definitely finish on the podium in Odisha this time'
'...The more the Pakistan army becomes weaker, then there is every possibility that terrorist groups may create more anarchy in Pakistan.'
"The biggest thing that stands out for me is the people that I met. I think of Glenn McGrath and the time I spent with him. He was this hard guy and all of a sudden I am sitting with him in the changeroom and having a beer with him."
Bayliss replaces India great Anil Kumble, whose contract was not renewed after the team failed to make the play-offs in his three-year term.
If this happens, it will be an "unprecedented development" in the civic body's journey as budget is traditionally passed by a House, they said.
'The BJP's defining character is Hindutva. The party's political strategy is based on a combination of Hindutva+Development.'
Shakib Al Hasan hailed India as favourites and mentioned that his team would try to create an upset
Packed frozen 'paratha' is not 'roti or chapatti' as it requires further cooking before consumption and despite wheat flour being the 'common thread' there are other ingredients used in making parathas, said an order by the Gujarat Appellate Authority for Advance Ruling. Such parathas, whether named Malabar, Mixed vegetable, Onion, Methi, Alu, Laccha, Mooli or Plain, have ingredients like margarine, salt, emulsifying agent, oil, potato, peas, cauliflower, coriander powder, bread improver and water, apart from wheat flour, which make 'quite different' from plain roti or chapatti and hence are not eligible for 5 per cent Goods and Services Tax (GST) rate, the ruling said. The percentage of wheat flour used by Vadilal Industries, which had approached the AAAR, in the eight varieties of paratha manufactured and supplied by it ranges from 36-62 per cent, whereas the ingredient for plain roti or chapatti is wheat flour apart from water.
The grievances of as many as 2,500-3,000 taxpayers could be addressed and resolved between October 2 and October 31. The Central Board of Direct Taxes (CBDT) has asked tax officials to dispose of at least 20 per cent of the pending matters during the period. The move comes after Union Finance Minister Nirmala Sitharaman recently nudged the income-tax (I-T) department to redress the grievances promptly.
'I might be the captain, but there is no hierarchy'
'I was in our wardrobe room when I heard Naatu Naatu being called for winning Best Original Song.' 'Me and the other dancers screamed!'
Tata Group-owned AirAsia India, which is in the process of being merged with Air India Express, has taken short-term loans worth Rs 630 crore during the last six months to deal with cash crunch. AirAsia India has been making losses since its first commercial flight on June 12, 2014. Its net loss increased by 42 per cent to Rs 2,178 crore in FY22.
The Supreme Court is all set to live-stream its Constitution bench proceedings from Tuesday, and the hearing of pleas challenging reservations for the economically weaker sections and the row over control of services between the Centre and the Delhi government will be the first regular webcast.
The No. 51 Squadron is to be retired by the end of September, "as per the plan", the defence sources said.
The Uddhav Thackeray-led Shiv Sena on Monday said it will be easier for them to get permission for their annual Dussehra rally at the Shivaji Park in Mumbai, after the faction led by Maharashtra Chief Minister Eknath Shinde got nod to hold a rally in the Bandra Kurla Complex.
The ruling Eknath Shinde camp in Maharashtra told the Supreme Court on Tuesday that the rival side led by Uddhav Thackeray wanted the speaker of the state assembly to "usurp" the powers of the Election Commission when the ultimate test of majority in a democracy -- the floor test -- was ordered by the governor during the 2022 political crisis.
GST revenue for May stood at nearly Rs 1.41 lakh crore, a 44 per cent increase over the same month last year, the finance ministry said on Wednesday. Bucking the month-on-month increasing trend of the last two months, the Goods and Services Tax (GST) revenues came in lower than the record high collection in April at Rs 1.68 lakh crore. In March GST revenues were at Rs 1.42 lakh crore, while in February it was Rs 1.33 lakh crore.
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