The first high-level meeting of the Special Investigation Team on the issue of black money and special probe into cases of unaccounted funds stashed away abroad by Indians will be held in New Delhi on Monday.
Shivakumar will be produced before a court in New Delhi on Wednesday by the ED for seeking his custody.
The Enforcement Directorate, which continued its searches against Modi, Choksi and their companies for the fourth day on Sunday , is also moving to attach at least two dozen immovable properties under the Prevention of Money Laundering Act.
The Centre is looking to convene a meeting of the all-powerful Goods and Service Tax Council in early January. The meeting is likely to focus on rectifying the inverted duty structure for a few more items and will also serve as a platform for pre-Budget discussions between Union Finance Minister Nirmala Sitharaman and state finance ministers, Business Standard has learnt. "The current Winter Session of Parliament ends on December 23, followed by the Christmas-New Year period. "After that we would like to have a meeting of the GST Council, depending on whether there can be a quorum," a top government official said.
The finance minister also hinted that not all of the Rs 15.44 lakh crore worth of currency junked will be remonetised through issuance of new notes as he said digital currency will fill the gap.
The income tax probe against the Congress leaders has arisen from the investigation into the private criminal complaint filed by Bharatiya Janata Party leader Subramanian Swamy before a trial court in connection with the National Herald case, in which the trio are out on bail.
Nokia may now not sell its Chennai unit.
Protests marked by stray incidents of stone pelting erupted during a bandh in Kolar district of Karnataka over the death of an IAS officer who allegedly committed suicide, even as police said they were probing his death from "every angle".
Slammed the Centre for trying to shield black money holders, the Apex court has said that the list must be revealed by Wednesday.
This marked an increase from 2,63,000 at the end of 2013
A fundraising boom in the domestic market and tightening of the regulatory framework for overseas issues are responsible for this trend.
The SIT was created by Supreme Court and notified by the government last year to curb black money.
Swiss police in February searched HSBC offices in Geneva as part of its probe.
As Deveshwar announces his decision to step down, he has a rich legacy to leave behind.
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
Reacting to the development, Naidu said such crises were not new to the party.
In 2019-20 Budget, the government had increased surcharge from 15 per cent to 25 per cent on those with taxable income between Rs 2-5 crore and from 15 per cent to 37 per cent for income above Rs 5 crore. Following the increase, the effective income tax rate for individuals with a taxable income of Rs 2-5 crore will go up from 35.88 per cent to 39 per cent and for those above Rs 5 crore it would go up to 42.7 per cent.
No mention of cab aggregators in GST bills
If the fear of ED could drive the powerful people of today to be honest or at least be minimally corrupt, will it not be a great thing for our nation?, asks Sudhir Bisht.
'Gloom is nowhere in sight, with healthy foreign exchange reserves, a strong rupee, healthy tax collections, corruption and crony capitalism under check,' argues Gopal Krishna Agrawal.
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
Companies were consulting law firms and consultants to understand the Bill.
GST rate for petrol and diesel cars and hybrid vehicles is already at the highest bracket of 28 per cent plus cess.
While people have paid the price for the disruption it caused, now is the time to reap its benefits, says T N Ninan.
GST revenue remained above Rs 1 lakh crore for the second straight month in August at over Rs 1.12 lakh crore, 30 per cent higher than the collection in the year-ago period, the finance ministry said on Wednesday. "The gross GST revenue collected in the month of August 2021 is Rs 1,12,020 crore of which Central GST is Rs 20,522 crore, State GST is Rs 26,605 crore, Integrated GST is Rs 56,247 crore (including Rs 26,884 crore collected on import of goods) and Cess is Rs 8,646 crore (including Rs 646 crore collected on import of goods)," the finance ministry said in a statement. The mop up in August is, however, lower than Rs 1.16 lakh crore collected in July 2021.
Harry Redknapp resigned as manager of struggling Queens Park Rangers.
A proposal for creation of seven Customs Overseas Intelligence Network units is pending with the Ministry of External Affairs.
Its officers would wear black bands on Monday, which is also Martyrs day, the IRS Association (Customs and Central Excise) has said.
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
GST rates would depend upon whether the commodity is used by a rich person or a common man
IMF Chief Economist Gita Gopinath also said the pickup in global growth for 2020 remains highly uncertain as it relies on improved growth outcomes for stressed economies like Argentina, Iran, and Turkey and for under-performing emerging and developing economies such as Brazil, India, and Mexico.
Terming Prime Minister Narendra Modi's decision to demonetise high value currency notes as "startling and bold", Chinese official media has said it is "far from enough" and India may "look at ideas" from China's crackdown against corruption which has shown "efficiency".
Formula One chief executive Bernie Ecclestone goes on trial for bribery in Germany this week in a case that threatens to end the Briton's long reign as the commercial boss of the motor sport.
