Friday, September 25
The Central Board of Direct Taxes (CBDT) recovered ₹20,000 crore in outstanding dues in the first quarter of this financial year, almost double of what it had recovered in the year-ago period.The sum included ₹17,244 crore as corporate tax, ₹2,714 crore as personal income-tax and ₹180 crore as short payment or non-payment of tax deducted at source, said officials.The recovery was against the demand notices sent by the income-tax department till March 31.122326754The recovery drive is set to intensify in the coming months, as the department is targeting to recover ₹1.96 lakh crore this fiscal, according to officials."In the last few years, recovery has been good and this year our target is to touch at least Rs 2 lakh crore, and we will comfortably achieve it," a senior official to
Roman Starovoit, Russia’s former transport minister, was found dead with a gunshot wound inside a parked car in Odintsovo, a wealthy suburb near Moscow, just hours after his dismissal from office. Russian authorities, including the Investigative Committee, claimed suicide as the likely cause and noted that a gun—allegedly a ceremonial gift—was found beside him. However, reports suggest he may have died before the Kremlin publicly announced his removal, adding to growing speculation. Starovoit, 53, had last appeared in an official video on Sunday. By Monday morning, President Vladimir Putin issued a decree dismissing him from office without explanation. Russian media have linked his ouster to a corruption probe involving state funds allocated for fortifications in the Kursk region—w
From Ottawa to Beijing, US President Donald Trump’s trade war has made many enemies. But it has also won America some allies. Asia's richest tycoon is preparing to welcome US cargo originally meant for China but rerouted to India. The ship Mukesh Ambani is waiting for is laden with ethane. This colorless, odorless component of natural gas is shipped in liquefied form in special carriers such as STL Qianjiang, which is currently on its way from the US Gulf Coast to billionaire Ambani’s terminal in Dahej, Gujarat, on India’s western seaboard. There, his flagship Reliance Industries Ltd. has an ethane cracker to produce ethylene, a key building block of plastic products.The unit, completed in 2017, made Reliance “the first company to globally conceptualize large-scale imports of ethan
