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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 |   1134 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 |   1386 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 |   1650 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 |   1998 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 |   1788 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 |   1200 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 |   1299 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 |   1659 Views


ADB, India sign $50 million loan to boost West Bengal’s digital platforms for public finance reforms

   03 December 2020 at 10:08

ADB and GoI today signed a $50 million policy-based loan to improve financial management procedures and operational efficiencies in the state of West Bengal.

Posted in Miscellaneous |   1359 Views


DGGI Gurugram arrests one for illegally manufacturing and supplying cigarettes and tax evasion

   30 November 2020 at 17:08

The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has arrested a resident of Haryana on charges of manufacturing and supplying illegally manufactured cigarettes.

Posted in Miscellaneous |   1335 Views



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