Massive 84 of initial GST returns filed for July-Dec dont match with final returns

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New Delhi: The revenue department has started to analyse major gaps with a view to check any possible tax evasion, with only 16 percent of the summary sales returns under Goods and Services Tax (GST) matching with the final returns, reported Press Trust of India.

According to the GST returns data, 34 percent of businesses paid Rs 34,400 crore less tax between July-Dece

Sensex tanks nearly 300 points Nifty slips below 10300

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New Delhi: Indian equity markets traded in the negative territory during the mid-afternoon session on Friday — with the BSE Sensex shedding over 300 points intra-day — on the back of broadly negative Asian markets, along with heavy selling pressure in oil and gas, metals, auto, and banking stocks.

Around 12.30 pm, the wider Nifty50 of the National Stock Exc

Not just Nirav Modi at least 31 businessmen have fled India after scams

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NEW DELHI: Some 31 suspected economic offenders have fled the country to avoid prosecution, the government has told the Lok Sabha. Asked if many businessmen had absconded after "doing scams" and settled in various other countries, Minister of State for External Affairs MJ Akbar in a written reply gave a list of 31 persons, including Nirav Modi and his uncle Mehul C

PNB scam fallout RBI bars banks from issuing LoUs LoCs

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Mumbai: RBI has barred banks from issuing guarantees in the form of letters of undertaking (LoU) as it clamped down on the import financing route used by fugitive jeweller Nirav Modi and his uncle Mehul Choksi for allegedly committing India's biggest bank fraud.

The Reserve Bank of India also banned with immediate effect issuance of letters of comfort which, like L

French President arrives in India on four-day visit PM Narendra Modi receives Emmanuel Macron at air

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New Delhi: French President Emmanuel Macron on Friday arrived in the national capital on a four-day India visit. He was received at the airport by Prime Minister Narendra Modi, in a special gesture.

Macron was accompanied by his wife Brigitte Marie-Claude Macron, besides senior ministers from his Cabinet.

He will hold delegation-level talks with PM Modi on Saturd

Donald Trump threatens to impose reciprocal tax on India China

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Washington: US President Donald Trump on Friday threatened to impose "reciprocal tax" on countries like China and India if they do not match America's tariff.

Trump has, in recent days, spoken a number of times about the 50 percent duty that India levies on high-end motorbikes that Harley-Davidson, an American company, sells in India. He has repeatedly in

Coca Cola to launch its first ever alcoholic beverage in Japan

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Global beverages giant Coca Cola is set to take a big step. It is about to ditch the 'soft drink' tag. Coke will soon come out with its first ever alcoholic beverage in Japan, in a category called Chu-Hi. The company's first ever departure from its non-alcoholic identity is a result of its goal of staying relevant in the Japanese market, which has seen an explosi

Good news AirAsia announces up to 90 discount on flight tickets check details

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New Delhi: Budget carrier AirAsia has announced up to 90 percent discount on flight tickets along with other benefits under its 'Big sale' scheme, the low-cost airline mentioned on its official website ( 

AirAsia's new promotional sale is available only for 'Big members'. The 'Big Sale' offer is exclusively available on

Kamala Mills tragedy Fire departments report pins blame on hookah charcoal at Mojos Bistro

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Mumbai: Negating initial reports that the tragic fire at two restro-bars in Kamala Mills on December 29 may have started from 1 Above, Mumbai's fire department in its report said that it was in fact a lit charcoal used in a hookah that resulted in the blaze. In its investigation report, the department has said that based on observations and statements from witnesses, the pro

Mumbai To Get AC Locals On Christmas This Is How They Will Look

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  1. The development is termed as "historical" for Mumbai's lifeline
  2. The first suburban local was hauled by a steam engine in 1867
  3. Fare will be 1.3 times the cost of a first class one-way regular ticket

 After years of debates, speculation and planning, the Railways will unveil the first air-

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