#latestnews

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

by

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

by

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

Make in India: Luggage maker Samsonite to expand its Nashik plant to make India its largest manufacturing base

by

Samsonite, the well-known global luggage manufacturer and retailer intends to expand its production capacity in India by establishing the largest manufacturing operation in Maharashtra’s Nashik district. The corporation has two operating units in Belgium and Hungary in Europe. According to Jai Krishnan who is the CEO of Samsonite South Asia Pvt. Ltd in India, the … Read more

India’s GST collections soar to record high of ₹2.10 lakh crore, Uttar Pradesh overtakes Tamil Nadu in state-wise GST Revenues for April 2024

by

In another sign of the surging Indian economy, the country has registered the highest-ever GST revenue collection in the just concluded month of April as it breached the coveted milestone of ₹2 lakh crore. As per the latest official data released by the ministry of Finance, the GST revenue collection for April 2024 stands at ₹2.10 lakh … Read more

Uttarakhand govt files criminal complaint against Baba Ramdev and Balkrishna, halts production of 14 ‘medicines’: Know what are the restricted products

by

On Monday (29th April), the Uttarakhand government informed the Supreme Court that it has revoked licences for 14 products offered by Baba Ramdev’s Patanjali Ayurved and Divya Pharmacy. The declaration included an apology from the State Licencing Authority (SLA) and a commitment that it would not perform any deliberate or willful act that would violate any Supreme Court orders. … Read more

India becomes atmanirbhar in the toy industry, imports from China reduces by over 70% in recent years

by

As part of the Local for Vocal initiative, India is making a strong course correction in the toy manufacturing ecosystem. The country’s massive toy demand was till recent years met mainly through imports, largely from neighbouring China. India’s toy imports from China have reduced by an estimated 70 per cent over the recent years. Policy … Read more

World Bank raises India’s GDP growth prediction for 2024-25 to 6.9%, up from 6.5% predicted earlier

by

The World Bank increased its estimate of India’s GDP growth to 6.9 percent for 2022-23, up from the 6.5 percent predicted previously. The World Bank has raised India’s GDP growth prediction for the current financial year due to the country’s strong economic performance. According to the World Bank’s latest India Development Update, retail inflation is expected to … Read more

US House passes bill that could lead to ban on Chinese app TikTok

by

The US House of Representatives on Saturday approved a bill that could ban social media app TikTok, CNN reported. The bill passed 360-58 marks the latest defeat for TikTok in the US, as the social media company with 170 million users in the US fights for survival under its current ownership by ByteDance, its Chinese … Read more

Air India to hire over 4200 cabin crew and 900 pilots in the year 2024, to hire more pilots and maintenance engineers later

by

Days after announcing mega deals to purchase 470 aircraft from Boeing and Airbus, Air India on Friday announced that over 4,200 cabin crew trainees and 900 pilots will be hired in the year 2023 to meet its growing manpower needs. Earlier this month, Air India announced two mega order to purchase 220 aircraft from Boeing and 250 … Read more

How Modi Hacks EVMs, Part 8: Seminal 10 years with epochal events and decisions – from Ram Mandir to G20, Women’s Reservation Bill, NEP and more

by

As hard as it is to believe, we were able to write 9 articles in a series titled How Prime Minister Modi hacks EVMs (all listed at the end of this article) without even touching upon the huge and epochal events that have unfolded in his 10 years as PM. The scale of his trail-blazing decisions is … Read more