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Business
Govt Identifies 1,474 ‘Risky’ Exporters Who Made Fraudulent Claims Of Rs 2020 Crore
New Delhi: The Union government has promised stern action against 1474 exporters, who have fraudulently claimed Integrated Goods and Services Tax (IGST) refund worth Rs 2,020 crore.
The finance ministry has identified these ‘risky’…
RBI Report Praises Govt Interventions And Measures By Financial Regulators
Mumbai: The Reserve Bank of India (RBI) has exalted the government interventions and actions taken by financial regulators in maintaining market integrity and resilience during the ongoing COVID-19 pandemic.
RBI's Financial Stability…
Flipkart Acquires Walmart India; Will Launch ‘Flipkart Wholesale’ In August
New Delhi: A week after Flipkart said that it had raised $1.2 billion from a group of investors led by Walmart, it has acquired Walmart India for an undisclosed amount and will launch ''Flipkart Wholesale'' next month, said a company…
Enter OTP For Withdrawals From SBI ATMs
Mumbai: In a bid to protect customers from unauthorised transactions at ATMs, the State Bank of India (SBI) has added a One Time Password (OTP) security layer for withdrawals from ATMs.
The service is enabled for cash withdrawals of over…
IT Department Issues Over Rs 71 Cr Tax Refund Amid COVID-19 Crisis
New Delhi: The Central Board of Direct Taxes (CBDT), the top policy-making body of the Income Tax Department has issued refunds worth Rs 71,229 crore in over 21.24 lakh cases till July 11, the Finance Ministry said on Friday.
The IT…
India’s Online Grocery Market May See 76% Jump In Sales In 2020: Goenka
New Delhi: The Indian online grocery market could see a whopping 76% jump in sales in 2020, compared to last year, feels Spencer's Retail Chairman Sanjiv Goenka.
In monetary terms, that would amount to sales exceeding Rs 22,500 crore…
‘Fake’ SBI Branch Unearthed In Tamil Nadu, Three Arrested; Probe Under Way
Chennai: Frauds and fraudsters have become a real threat in today’s society. But have you heard of a fake bank?
In an absolutely startling development, three persons were arrested for running a ‘duplicate’ State Bank of India (SBI) branch…
PM Modi Inaugurates Asia’s Largest 750-MW Rewa Solar Power Project In Madhya Pradesh
New Delhi: Prime Minister Narendra Modi inaugurated Asia's largest 750-MW solar power project at Rewa in Madhya Pradesh, via video conferencing on Friday.
According to a Financial Express report, the Rewa Solar Power project has received…
Raghuram Rajan Advises Govt To Sell PSUs While Stock Market Is Buoyant
Mumbai: Former Reserve Bank of India (RBI) governor Dr Raghuram Rajan has advised the government to fast-track the process of selling PSUs by taking advantage of the sudden increase in customers in the market.
After a slump caused by…
COVID-19 Impact: Bollywood Set To Lose Rs 1000 Crore In H1 Of 2020
In a sector where every weekend matters, it doesn't require rocket science to realize that the COVID-19 pandemic has hit the entertainment industry hard.
With nationwide lockdown being enforced from the last week of March, and cinema halls…