NEW DELHI: The government has refuted exporters' claim that Rs. 20,000 crore of goods and services tax (GST) refund is pending, and said there has been no dip in refunds as it announced a special refund fortnight beginning May 31.“Refund claims to the tune of Rs. 7,000 crore- Rs. 14,000 ...
NEW DELHI: Income tax authorities have started examining in detail US retailer Walmart's takeover of Indian e-commerce major Flipkart. Flipkart has responded to the details of the acquisition sought by the income tax department.“They have responded to the queries sent out…The department is examining,” a senior income tax official told ...
By Ravi Visvesvaraya Sharada PrasadMonday's bypolls were marred by accusations of large-scale malfunctioning of electronic voting machines (EVMs) with voter verifiable paper audit trails (VVPATs). The Election Commission (EC) said 96 balloting units and 84 control units of EVMs and 1,202 VVPATs had to be replaced. EC blamed the malfunctions ...
NEW DELHI: The government is considering making it mandatory for all power projects funded by state-run banks to procure local equipment. A public procurement mechanism with purchase preference to domestic equipment manufacturers for future electricity generation, transmission and distribution projects is in the works, a senior government official said.The mechanism ...
NEW DELHI: AirAsia India, which is being probed by the CBI, today said it would be "incongruous" to allege that the control of the airline is not in accordance with foreign exchange investment laws.The probe agency has named the airline, its officials as well as AirAsia Berhad in a FIR ...