Directorate of Revenue Intelligence report shows how an Adani subsidiary allegedly used a Dubai-based front company to over-invoice imports and then move Rs 1,500 crore to a Mauritius-based firm controlled by Gautam Adani’s brother.
Despite government press releases, demonetisation doesn’t appear to have spurred a substantial increase in number of new tax payers or direct tax collection.
Regardless of the Supreme Court’s final verdict, the false dichotomy between privacy and welfare must be expunged.
Nearly half of India’s weapons, including tanks and artillery guns, have stocks for less than ten days of combat.
Inflation was 1.46% in June – the slowest pace since India started releasing retail inflation data in January 2012 based on combined data for rural and urban consumers.
The consumer price index, the main policy target of the RBI, likely rose 1.87% in July from a year earlier, compared with an increase of 1.54% in June.
The Swiss People’s Party has said that India and ten other countries are “too corrupt” and that it will get enough support in the country’s parliament to halt the tax information exchange process.
India’s Lacklustre Approach Towards International Trade is Hurting its Foreign and Economic Interests
From alarming agricultural imports to losing Africa, India needs to aggressively protect its trade interests and explicitly link it to our foreign and domestic goals.
Latest news updates from the world of work.
An RBI research paper revealed ‘unusual’ cash deposits totalling Rs 1.6-1.7 lakh crore during demonetisation.
Sectors such as mining, power generation, infrastructure/construction goods and consumer durables also recorded poor performance.
The story of Sangita Mhatre of Mande is an inspiring tale of how women in rural India can take charge of their destiny given the slightest of opportunities.
In its mid-year economic survey, chief economic adviser Arvind Subramanian said there were downside risks to the official growth forecast of 6.75-7.5% for the fiscal year to March 2018.
The results are the first since SBI merged with five of its subsidiary banks and also took over a niche lender for women from April 1.
Difficulties in curbing fraud, a flawed incentive structure and a focus on infrastructure over placements are deeply hurting the Modi government’s flagship skilling scheme and subverting its larger goals.
An excerpt from Y.V. Reddy’s ‘Advice and Dissent: My Life in Public Service’ on his time as RBI governor.
South India’s first ‘Seeds for Needs’ project will help farmers grow lost varieties of seeds and distribute them to other farmers.
High courts across India have repeatedly used blocking injunctions as a blunt tool to fight piracy. But as a result, the people’s right to access the internet is being severely curtailed.
In 2013, Rajiv Kumar had advocated that a troubled Indian economy should approach the IMF for help. Today he believes that India is better off without foreign academic and institutional help.
Food and beverages account for nearly half of the consumer price index basket and are largely dependent on the monsoons, nearly 70% of precipitation.
Millions of companies are still not ready to file their first GST returns before the August 20 deadline, a top official said.
The partnership defies 20th-century notions of a public private partnership and offers a glimpse of the private sector tipping its hat to the sovereign function and prerogative in identifying and authenticating the beneficiaries of a digital service.
The success of Rajiv Kumar’s tenure, who has moved from the left of the ideological spectrum to the right, will depend whether he succeeds in moving the Aayog away from being a government mouthpiece and creating a shared narrative around job creation.
While the HTTPS version of the website remains unblocked, it is currently not known why the blocking order was passed.
The announcement by the Securities Exchange Board of India (SEBI) late on Monday did not say what illegal activities the companies may have been engaged in.
The other parties in the fray include Amazon and Netflix, but talks are in very early stages, said an anonymous source familiar with the matter.
Most parts and processes of the industry were largely tax exempt under previous regimes. Stakeholders believe that the transition to GST, which comes with high rates, will severely impact an already struggling sector.
If deregulation of hiring and firing is desirable, then greater regulation of working conditions is also necessary.
The Life of Labour: Software Firms Might Cut Jobs Drastically, Noida’s Domestic Workers’ Take on The ‘Madams’
Latest news updates from the world of work.
Kumar, a senior fellow at the Centre for Policy Research, will take up the reins from economist Arvind Panagariya, who put in his papers four days ago.
Female labour participation in India is plummeting in spite of rising girls’ education: why and how do we fix it?
The Registrar General has directed all states and Union Territories to ensure compliance by the registration authorities concerned and send a confirmation on or before September 1.
A more important issue for the Indian growth story is that FDI cannot entirely meet the country’s capital needs and that it needs to rustle up its own capital.
The Gorkhaland stir has costed the industry Rs 250 crores so far and there are rising fears that Darjeeling tea will lose its brand.
Surging prices caused by the tax dented demand for services and pushed the sub-index on new business to 45.2 in July, its lowest in nearly four years.
If Switzerland’s Federal Supreme Court rules in his favour in a case brought against him by Swiss prosecutors, Rudolf Elmer will release account data from Julius Baer bank that he still holds.
Mining companies on the hook include Tata Steel, Essel Mining & Industries Ltd, Indrani Patnaik, Rungta Mines, Serajuddin & Company.
The change marks the first rate cut since October 2016 and the interest rate is now at a six-year low.
Parrikar said in the House that the ban on sale of liquor along the highways was likely to cause a revenue loss of Rs 7 crore to the Goa government.
Under the Indus Waters Treaty, India is permitted to construct hydroelectric power facilities on tributaries of the Jhelum and Chenab rivers with certain restrictions, the World Bank said.