#indiancurrentnews

Directorate of Revenue Intelligence searches premises of Oppo India, a Chinese subsidiary, finds tax evasion amounting to the tune of Rs 4,389 crore

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The Directorate of Revenue Intelligence (DRI), according to a statement made public on Wednesday, conducted searches at the premises of mobile company Oppo India and found evidence of the firm evading customs taxes to the tune of Rs 4,389 crore. Oppo India is owned by Guangdong Oppo Mobile Telecommunications Corporation Ltd, a Chinese company. During the course of … Read more

False and malicious: FSSAI refutes reports of allowing 10 times more pesticide residue in spices, says India’s standards strictest in the world

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The Food Safety and Standards Authority of India (FSSAI) has refuted media reports claiming that it allowed 10 times more pesticide residues in herbs and spices. The food safety regulator issued a press note Terming the reports “false and malicious”, and asserted that India has one of the most stringent standards of Maximum Residue Limits (MRLs) in … Read more

75 delegates from election management bodies of 23 countries: Largest ever global delegation to witness India’s general elections

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75 international delegates from election management bodies (EMBs) of 23 countries have arrived in India to witness the 2024 Lok Sabha elections. Election Commission of India invited them to India to foster a culture of transparency and reiterate its commitment to high standards of electoral practices amidst the democratic nations, CEC Rajiv Kumar said. Additionally, media representatives … Read more

State-run banks recover Rs 6.4 lakh crore bad loans, and written-off loans since FY15 even as opposition creates confusion between ‘loan waiver’ and ‘loan writeoff’

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The Modi government recently completed 8 years of rule in the country. Reports released by the government state that the Public Sector Banks (PSBs) have recovered bad loans worth Rs 6.42 lakh crore since the financial year 2015. Along with this, 98.5% of willful defaulters have also been sued. According to the reports, from the financial … Read more

CAG report flags critical concerns in the gems and jewellery sector, pearl imports are ‘3 to 10 times higher’ than global production

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On August 8, the Comptroller and Auditor General of India (CAG) tabled a report [PDF] in the Lok Sabha in which it flagged critical concerns in the gems and jewellery sector. The report suggests that the import of pearls in India from financial years 2013-14 to the financial year 2018-19 was 3 to 10 times higher compared … Read more

‘It is known as a biased organization with political agenda’: India firmly rejects USCIRF report on religious freedom in India

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India on Thursday rejected the report of the US Commission on International Religious Freedom that accused the ruling Bharatiya Janata Party (BJP) of “reinforcing discriminatory nationalist policies” and said the organisation is completely ‘biased’ and it doesn’t even expect from the organization to understand country’s diverse, pluralistic and democratic ethos. “The US Commission on International … Read more

CBI is an independent body, not under the control of Union of India: Central govt tells SC opposing WB govt’s plea against CBI probes

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The Central government on Thursday told the Supreme Court that the Central Bureau of Investigation (CBI) is an independent body and is not under the control of the Union of India and opposed West Bengal’s suit against the Centre over the CBI probes in the State. Solicitor General Tushar Mehta, appearing for Centre, raised preliminary … Read more

India’s GDP grows by 13.5% in the first quarter of the financial year 2022-23, fiscal deficit under control

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Continuing with the trend of recovery of the economy following the devasting effects of the Covid-19 pandemic, the Indian economy grew by 13.5% during the first quarter of the current financial year. It was revealed in the estimates of Gross Domestic Product for the April – June quarter of the FY 2022-23 published by the Ministry of … Read more

“Goods should move quickly like a cheetah”: PM Modi launches National Logistics Policy, says it will give speed to India’s development journey

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Prime Minister Narendra Modi launched the National Logistics Policy at Vigyan Bhawan in New Delhi today. The policy is aimed at promoting a seamless movement of goods in the country and enhancing the competitiveness of the industry. It is expected to focus on areas such as process re-engineering, digitisation, and multi-modal transport. The policy will streamline rules … Read more

From 81 to 40: Decoding the 41-position jump of India in the Global Innovation Index since 2015

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India has made extraordinary progress in the global innovation index rating, ranking in the top 40 for the first time, according to the World Intellectual Property Organization’s (WIPO) annual report released on September 29. India is now ranked 40th in the Global Innovation Index (GII) 2022 rankings, up six spots. India has moved up 41 … Read more