News for 'revenue official'

AAP stares at leadership crisis post Kejriwal's arrest

AAP stares at leadership crisis post Kejriwal's arrest

Rediff.com22 Mar 2024

The prospect of the Delhi chief minister's wife, Sunita Kejriwal, who has so far maintained a distance from politics, assuming a new role is also being discussed by people.

Anti-encroachment drive against J-K ex-minister, hotelier close to Abdullahs

Anti-encroachment drive against J-K ex-minister, hotelier close to Abdullahs

Rediff.com31 Jan 2023

The revenue department retrieved about 40 kanals of land allegedly occupied by the owners of Hotel Nedou's at MA Road in Srinagar, officials said.

Soren reaches Ranchi by road from Delhi; ED to quiz him on Wednesday

Soren reaches Ranchi by road from Delhi; ED to quiz him on Wednesday

Rediff.com30 Jan 2024

Amidst suspense about his whereabouts, Jharkhand Chief Minister Hemant Soren has reached his official residence in Ranchi, a source in the Chief Minister's Office (CMO) said on Tuesday.

Rs 900 Crores Cyber Scams Prevented!

Rs 900 Crores Cyber Scams Prevented!

Rediff.com6 Dec 2023

...benefiting 350,000 persons. Also, Trai detected and blocked seven million mobile phone connections involved in cyber fraud and suspicious activities.

First recipient returns Kunbi certificate: 'Can't feed me and starve my brothers'

First recipient returns Kunbi certificate: 'Can't feed me and starve my brothers'

Rediff.com2 Nov 2023

A Maratha community member from Dharashiv in Maharashtra, who was the first one to be given the Kunbi caste certificate in the district as part of the ongoing survey exercise, has decided to return the document to the authorities, saying he wants all Marathas in the state to be given this benefit.

Tributes paid to martyrs on 26/11 attacks

Tributes paid to martyrs on 26/11 attacks

Rediff.com26 Nov 2023

Maharashtra Governor Ramesh Bais and Chief Minister Eknath Shinde on Sunday paid floral tributes to the martyrs who laid down their lives while fighting terrorists who attacked the metropolis on this day 15 years ago.

Govt takes Rs 12,489 cr hit as telcos understate revenue: CAG

Govt takes Rs 12,489 cr hit as telcos understate revenue: CAG

Rediff.com11 Mar 2016

The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.

Nirma to tap into own funds, debt to buy Glenmark Life Sciences

Nirma to tap into own funds, debt to buy Glenmark Life Sciences

Rediff.com25 Sep 2023

Nirma has roped in BCG and KPMG to advise it on the fundraising options for the acquisition. The company had earlier informed banks that it would raise Rs 5,000 crore to Rs 7,000 crore in the current financial year for the acquisition. Bankers said the company will rely on its funds and future GLS dividend to repay its debt for acquisition.

First-ever revenue survey in Naxal-hit Abujhmad begins

First-ever revenue survey in Naxal-hit Abujhmad begins

Rediff.com30 Apr 2017

The survey will benefit a population of at least 35,000, mainly tribals, to get patta (title deed) for the land they were possessing.

Why top Pakistan cricketers are contemplating terminating central contracts

Why top Pakistan cricketers are contemplating terminating central contracts

Rediff.com23 Jan 2024

Some of the top cricketers are contemplating terminating their central contracts with the Pakistan Cricket Board after some were refused NOCs to go and play in foreign T20 leagues.

Maha's Yavatmal sees 5 farmer suicides in 3 days over suspected crop loss

Maha's Yavatmal sees 5 farmer suicides in 3 days over suspected crop loss

Rediff.com19 Aug 2023

A local official confirmed the incidents but said the causes of these suicides were yet to be ascertained.

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.

Paytm Crisis: StartUp Founders Take Note

Paytm Crisis: StartUp Founders Take Note

Rediff.com22 Feb 2024

Startup founders need to sit up and think about how not to take stardom for granted and how not to disappoint their fans who have stood in long queues for those precious selfies with popular entrepreneurs, notes Nivedita Mookerji.

Soren refused to receive arrest order; has 'illegal land possession': ED

Soren refused to receive arrest order; has 'illegal land possession': ED

Rediff.com1 Feb 2024

A dozen land parcels in Ranchi measuring about 8.5 acres in total are in 'illegal possession, occupation and use' of arrested former Jharkhand chief minister Hemant Soren and are proceeds of crime under the anti-money laundering law, the Enforcement Directorate has claimed.

Mizo Voters Signal Change On Horizon

Mizo Voters Signal Change On Horizon

Rediff.com31 Oct 2023

For the Mizo people, tribal and family identity are important. But so are jobs, farmers' access to markets, roads, and health facilities for a young population where drugs are a big affliction.

Blast caused by IED, says Kerala DGP

Blast caused by IED, says Kerala DGP

Rediff.com29 Oct 2023

However, there were conflicting reports about the number of blasts as state ministers VN Vasavan and Antony Raju said there were two blasts, while Congress MP from Ernakulam, Hibi Eden, said there were multiple blasts according to one of his friends who attended the convention.

Over 100,000 small and mid-sized firms flout GST e-invoicing rules

Over 100,000 small and mid-sized firms flout GST e-invoicing rules

Rediff.com17 Nov 2023

Over 100,000 small and medium-sized businesses are non-compliant with e-invoicing norms under the goods and services tax (GST) regime, a mandatory requirement for businesses with an annual turnover of over Rs 5 crore. E-invoicing provides real-time access to invoices that are prepared by the supplier on the purchase of goods, allowing faster accessibility to input tax credit, thereby limiting the manipulation of fake credit as it has to be generated before the transaction. "The default has been reported mainly in businesses with a turnover between Rs 5 crore and Rs 20 crore," a senior official informed

Adani Group net profit up 107% in first half of FY24 but sales slow down

Adani Group net profit up 107% in first half of FY24 but sales slow down

Rediff.com1 Dec 2023

The net profit of the listed Adani group companies more than doubled year-on-year (Y-o-Y) in the first half of 2023-24 (H1FY24), even as their revenue declined in this period. The nine firms posted a 107.7 per cent jump in net profit at Rs 23,929 crore in April-September compared to the year-ago period. Net sales, on the other hand, were down 14 per cent to Rs 1.49 trillion in H1FY24, data collated by Business Standard showed.

Tax officials get posting choice

Tax officials get posting choice

Rediff.com16 Jun 2003

Customs, excise mop-up may see Rs 1-trillion shortfall in FY23

Customs, excise mop-up may see Rs 1-trillion shortfall in FY23

Rediff.com8 Nov 2022

The Centre is staring at a combined shortfall of up to Rs 1 trillion in excise and Customs revenues in the current financial year (FY23) compared to the Budget estimates (BE), mainly because of duty cuts on edible oil and petroleum products. The government set a target of Rs 3.35 trillion for excise and Rs 2.13 trillion for Customs mop-up for FY23 while presenting the Budget in February. "As excise duty collection is mainly driven by diesel volumes, we might see a clear gap in the level budgeted for FY23, following the reduction in cesses on petrol and diesel in May. We are expecting somewhere between Rs 80,000 crore and Rs 1 trillion dip in excise and customs duty collections," a senior government official told Business Standard.

Budget likely to set nominal GDP growth at 10.5%

Budget likely to set nominal GDP growth at 10.5%

Rediff.com8 Jan 2024

The Interim Budget for 2024-25 (FY25) to be presented on February 1 is likely to assume 10-10.5 per cent nominal gross domestic product (GDP) growth against 8.9 per cent estimated for FY24 by the National Statistical Office (NSO). "We were waiting for the First Advance Estimates GDP numbers for FY24. "We will finalise the nominal GDP growth assumption for FY25 Interim Budget in a couple of days.

Remove fear of harassment among taxpayers, PM tells officials

Remove fear of harassment among taxpayers, PM tells officials

Rediff.com16 Jun 2016

Prime Minister also underlined the need for increasing the number of tax payers to 10 crore.

GST may hit Centre's revenue by Rs 1.5 lakh crore

GST may hit Centre's revenue by Rs 1.5 lakh crore

Rediff.com6 Jul 2016

If the new regime is introduced in 2017, the govt may lose out on cess, surcharge

Delhi Cong chief Arvinder Singh Lovely steps down over alliance with AAP

Delhi Cong chief Arvinder Singh Lovely steps down over alliance with AAP

Rediff.com28 Apr 2024

In his letter to the Congress National President, Mallikarjun Kharge, Lovely said that all unanimous decisions taken by the senior Delhi Congress leaders have been unilaterally vetoed by the AICC general secretary (Delhi in-charge).

I-T Goes After Rs 7.7 Trillion Tax Arrears

I-T Goes After Rs 7.7 Trillion Tax Arrears

Rediff.com5 Jan 2023

Senior tax officials were told to focus on cash collection from the arrears so that the target for FY23 was achieved and the overall revenue position improved.

Rescue of 40 workers in Uttarakhand tunnel crash may take 2 more days

Rescue of 40 workers in Uttarakhand tunnel crash may take 2 more days

Rediff.com13 Nov 2023

Uttarakhand Chief Minister Pushkar Singh Dhami on Monday visited the Silkyara-Barkot tunnel site for a review of the rescue operations being carried out there to evacuate 40 labourers trapped inside since Sunday morning following its partial collapse.

Vadakara: The Most Important Contest In Kerala

Vadakara: The Most Important Contest In Kerala

Rediff.com16 Apr 2024

Shailaja Teacher, arguably the most famous Covid warrior in India, versus former student leader Shafi Parambil who defeated 'Metro Man' E Sreedharan in the last assembly election. Shyam G Menon reports from the Vadakara Lok Sabha constituency, which some feel is the most politically important contest in Kerala this election.

One of the biggest land deals in Mumbai: Rs 5,200 cr for Bombay Dyeing's Worli asset

One of the biggest land deals in Mumbai: Rs 5,200 cr for Bombay Dyeing's Worli asset

Rediff.com13 Sep 2023

Japan's Sumitomo Realty & Development Company will buy a 22-acre land parcel in central Mumbai from Bombay Dyeing for Rs 5,200 crore, the Wadias-run company said on Wednesday. The sale of the land parcel in Worli is one of the biggest land sale transactions in the history of the financial capital.

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.

Duty cuts on oil imports hits customs revenue

Duty cuts on oil imports hits customs revenue

Rediff.com25 Oct 2004

Surging global crude oil prices failed to shore up customs revenue substantially as India Inc resorted to advance licence scheme, which allows duty-free imports for value-added exports.

Kejriwal 'kingpin' of excise scam, 'kickback' used in polls: ED

Kejriwal 'kingpin' of excise scam, 'kickback' used in polls: ED

Rediff.com22 Mar 2024

The law officer said the money trail showed that Rs 45 crore "kickback" used in the Goa assembly elections came from four hawala routes.

J-K admin sacks three employees for terror links

J-K admin sacks three employees for terror links

Rediff.com17 Jul 2023

The Jammu and Kashmir administration has sacked three employees, including the Kashmir University public relations officer, for allegedly working with Pakistan-based militant outfits, raising finances for them and propagating their ideology, officials said on Monday.

DD slashes CWG ad revenue target by half

DD slashes CWG ad revenue target by half

Rediff.com23 Aug 2010

The official broadcaster for the upcoming Commonwealth Games, Doordarshan, is understood to have cut its advertising revenue target by half to Rs 100 crore from the 12-day long event due to poor response from advertisers.

Jaitley to bank on states to push GST

Jaitley to bank on states to push GST

Rediff.com28 May 2014

The United Progressive Alliance government in 2011 introduced a Constitution Amendment Bill in the Lok Sabha to pave the way for the GST regime which aims at subsuming most of the indirect taxes at the central as well as the state levels.

Budget likely to assume peak crude oil price at $85 per barrel

Budget likely to assume peak crude oil price at $85 per barrel

Rediff.com19 Jan 2024

The ministry of finance is likely to assume crude oil price to remain within $85 per barrel while estimating subsidies for the Interim Budget 2024-25 (FY25), to be presented on February 1. Brent crude prices moved up on Thursday, ending at $78.9 per barrel. Crude oil and cooking gas prices, which move in tandem, impact fertiliser and cooking gas subsidies, constituting 53 per cent of the government's total subsidies.

Karnataka CM draws flak as video in luxury jet goes viral

Karnataka CM draws flak as video in luxury jet goes viral

Rediff.com22 Dec 2023

The opposition Bharatiya Janata Party on Friday came down heavily on the Congress government in Karnataka for flaunting their 'rich fortunes and luxury lifestyles' following a viral video on social media showing Chief Minister Siddaramaiah and his cabinet colleague B Z Zameer Ahmed Khan in a private jet.

70 lakh mobile numbers involved in financial frauds disconnected

70 lakh mobile numbers involved in financial frauds disconnected

Rediff.com28 Nov 2023

To check digital frauds, the government has disconnected 70 lakh mobile numbers so far involved in cybercrime or financial frauds, Financial Services Secretary Vivek Joshi said on Tuesday. Emerging from a meeting to discuss issues related to financial cyber security and increasing digital payment fraud, Joshi, who chaired the meeting, said banks have been asked to strengthen the system and processes in this regard. More such meetings would take place, he said, adding the next meeting is scheduled in January.

Airfares to rise as IndiGo brings back fuel charge

Airfares to rise as IndiGo brings back fuel charge

Rediff.com6 Oct 2023

Airfares in the country are set to rise, with IndiGo on Thursday introducing a fuel charge of up to Rs 1,000 based on a flight's distance, in response to the significant rise in aviation turbine fuel (ATF) prices in the last three months. The Indian aviation sector experiences its peak travel season between October and December. The inclusion of a fuel charge component in airfares is anticipated to have a sizable impact on IndiGo's passengers, according to experts.

Krishna Janmabhoomi row: Mathura court orders survey of Shahi Idgah mosque

Krishna Janmabhoomi row: Mathura court orders survey of Shahi Idgah mosque

Rediff.com24 Dec 2022

The "compromise" between Sri Krishna Janmasthan Seva Sansthan and Shahi Masjid Idgah made in 1968 was also challenged in the suit, according to lawyers.

GST evasion of Rs 55,575 cr detected in last 2 years

GST evasion of Rs 55,575 cr detected in last 2 years

Rediff.com10 Nov 2022

GST authorities have detected GST fraud of Rs 55,575 crore over the last two years and arrested over 700 persons for causing loss to the exchequer, an official said on Thursday. Over 22,300 fake GST identification numbers (GSTIN) were detected by the officers of the Directorate General of GST Intelligence (DGGI). The government on November 9, 2020, launched a nationwide special drive against unscrupulous entities for availing and passing on Input Tax Credit (ITC) fraudulently by issuing fake/bogus invoices, thereby evading Goods and Services Tax (GST).