Miscellaneous News

FM lauds concerted efforts resulting in higher procurement and payment of over Rs 21000 crore to MSMEs upto November

12 December 2020 at 10:02

Government’s aggressiveness for the economic betterment of MSMEs shows a result. Procurement from and payment to MSMEs on the rise. MSME sector on the upswing

Posted in Miscellaneous | 1545 Views

Income Tax Department conducts searches in Chennai

10 December 2020 at 10:14

IT Department is conducting search operation on prominent business group of Chennai having varied business activities. About 60 premises being covered across TN, Karnataka, AP & Maharashtra.

Posted in Miscellaneous | 1629 Views

India and UN-Based Better Than Cash Alliance organized a joint Peer learning exchange on Fintech solutions for responsible digital payments at the last mile

10 December 2020 at 10:14

This Peer Exchange is a result of the tremendous success and opportunities highlighted during COVID-19 and is co-organized with the UN-based Better Than Cash Alliance.

Posted in Miscellaneous | 1179 Views

CCI approves acquisition of certain assets of the Prestige Group by affiliates of Blackstone Group Inc.

09 December 2020 at 10:11

The Competition Commission of India (CCI) approves the acquisition of certain assets of the Prestige Group by affiliates of Blackstone Group Inc.

Posted in Miscellaneous | 1446 Views

CCI approves acquisition of shares of Odisha Power Generation Corporation Ltd (OPGC) by Odisha Hydro Power Corporation Limited (OHPC)

09 December 2020 at 10:11

The proposed combination involves the acquisition by OHPC of 49% equity shares in OPGC from AES OPGC Holding and AES India, pursuant to the Share Sale and Purchase Agreement.

Posted in Miscellaneous | 1755 Views

Fictitious ITC transactions racket of Rs. 290.70 Crores busted by DGGI, Nagpur

08 December 2020 at 10:24

Arrest of Director of M/s M & M Advisors & Consultants Private Limited at Mumbai. Recovery of Input Tax Credit of Rs. 25.22 Crore in Cash.

Posted in Miscellaneous | 2082 Views

Income Tax Department conducts searches in Assam

08 December 2020 at 09:58

The IT Department started a search and survey action on 04/12/2020 in the cases of leading Coal Traders of Assam. The search and survey actions are being carried out at 21 locations in Guwahati, Digboi, Margherita, and Delhi.

Posted in Miscellaneous | 1845 Views

AYUSH Export Promotion Councils to be set up in a price-competitive manner

07 December 2020 at 10:36

Ministry of Commerce and Industry and Ministry of AYUSH have decided to set up an AYUSH Export Promotion Council in a price-competitive manner.

Posted in Miscellaneous | 1254 Views

Indian and Belgium Customs Department meet to discuss ways to have deeper engagements over various issues

03 December 2020 at 18:15

Both sides discussed ways to have deeper engagements in areas of drug law enforcement, capacity building, automation, and use of Artificial Intelligence.

Posted in Miscellaneous | 1350 Views

Reserve Bank of India imposes monetary penalty

03 December 2020 at 10:08

In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has imposed monetary penalty on six entities for non-compliance with regulatory guidelines.

Posted in Miscellaneous | 1734 Views