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India


IT raids unearth assets worth Rs 100 cr

IT raids unearth assets worth Rs 100 cr

New Delhi, Nov 29 (UNI) The Income Tax Department conducted multiple searches on November 27 in the case of an IT SEZ developer and a prominent stainless-steel supplier in Chennai and unearthed evidences of asset of worth about Rs 100 crore accumulated by the ex-Director and his family members in the past three years.
The search operation was carried out at 16 premises located in Chennai, Mumbai, Hyderabad and Cuddalore.
According to Income Tax Department, the searches revealed that the IT SEZ developer claimed bogus work-in-progress expenses of about Rs 160 crore in an under-construction project. The entity had also claimed capital expenses of around Rs 30 crore on account of bogus consultancy fees in an operational project and inadmissible interest expenses to the extent of Rs 20 crore was also claimed by the entity.

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UNI NEWS DIGEST AT 2000 HRS FOR JANUARY 16, 2021

16 Jan 2021 | 8:13 PM

New Delhi:PM launches COVID vaccination drive, calls it 'proud day for India' (DI14)
:India offers Nepal HADR training, capacity building (DI16)
:SC Bar Association Election Committee resigns after panel decides to hold polls in hybrid manner (DI15)
Mumbai:Activist Saket Gokhale moves Bombay HC over lack of Covaxin data (BY11)
Lucknow:BJP announces 6 more candidates for UP legislative council polls (DR28)
Madurai:52 persons injured in “Alanganallur bull fight carnival” (MS37)
Washington:Trump unblocked on Facebook, Instagram (DF4)
Washington:Moscow:Iran fired long-range missiles in drills hitting targets over 1,000 miles away: Reports (FN12)
Galle:1st Test, Day 3: Sri Lanka 156/2 at stumps, trail England by 130 runs (SPD8)
UNI GNK PS2012.

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RBI can consider idea of bad bank: Governor

RBI can consider idea of bad bank: Governor

16 Jan 2021 | 6:46 PM

New Delhi, Jan 16 (UNI) The Reserve Bank of India would consider the idea of a bad bank if there is any such proposal, Governor Shaktikanta Das said on Saturday.

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20 ITBP personnel get first shot of Covid-19 vaccine

20 ITBP personnel get first shot of Covid-19 vaccine

16 Jan 2021 | 6:23 PM

New Delhi, Jan 16 (UNI) Twenty Indo Tibetan Border Police(ITBP) personnel on Saturday received first shot of covid-19 vaccine at Leh hospital.

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Bhutan PM congratulates Modi for COVID-vaccine launch

Bhutan PM congratulates Modi for COVID-vaccine launch

16 Jan 2021 | 6:15 PM

New Delhi, Jan 16 (UNI) Bhutanese Prime Minister Dr Lotay Tshering on Saturday congratulated
Mr Narendra Modi and the people of India for the 'landmark launch' of the COVID-19 vaccination
saying he (Mr Modi) had displayed profound and compassionate leadership.

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Toycathon 2021 to boost toy manufacturing

16 Jan 2021 | 6:12 PM

New Delhi, Jan 16 (UNI) To promote toy manufacturing among domestic players, particularly among rural entrepreneurs, the Common Service Centre (CSC), an SPV under the Ministry of Electronics and IT Ministry, has joined hands with the All India Council for Technical Education (AICTE) to organise 'Toycathon-2021'.

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