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Govt cracks down on fraudulent exporters who claimed GST refunds using fake details

by pallanus | Jul 17, 2020 | Business News

Sources also said 7,516 exporters are in risky exporter list. Meanwhile, IGST refunds amounting to Rs 1,363 crore has been suspended for 2,830 exporters categorised as risky. (Photo: Reuters/Representational image) The government on Friday started cracking down on...

Govt may need RBI’s help to fund budget as deficit spikes sharply: Report

by pallanus | Jul 8, 2020 | Business News

With the fiscal deficit already touching as high as 7 per cent of the GDP, the government has little room increase spending during the economic crisis. It is already running out of options to fund its budget and the Reserve Bank of India (RBI) may need to intervene...

Make in India filter debuts on govt e-commerce site as demand to ban Chinese goods grows

by pallanus | Jun 23, 2020 | Business News

Make in India is not just a slogan anymore, it has become an e-commerce site filter. In a significant move, the government has introduced special filters on government procurement portal Government e-Marketplace (GeM) that would inform the buyer what’s made in India,...

India can take on China in API sector but not without govt easing regulation, say pharma giants

by pallanus | Jun 20, 2020 | Business News

Since the violent face-off in the Galwan Valley that resulted in the deaths of 20 Indian soldiers, calls to clamp down on business with China and Chinese imports are growing. That may be easier said than done. The manufacture of drugs in India, many life-saving, is...

Loan moratorium case: SC asks govt to interfere, says no merit in charging additional interest

by pallanus | Jun 17, 2020 | Business News

The Supreme Court (SC) on Wednesday said there is no merit in burdening customers, who have opted for the RBI-approved loan moratorium, with additional interest. The SC bench, while hearing the plea challenging the levy of interest on loan repayments during the...
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