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Nearly 32 early and growth-stage startups raised more than $384 million last week
Startups

27 Indian startups raise $308 million in funding this week: Entrackr...

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More than 1.14 lakh startups in India have created over 12 lakh jobs so far At least 27 startups in India raised about $307.8 million...
Central govt subsidy on loans to farmers jumps over 5-fold to Rs 1.3 lakh crore in 2014-2023
Banking

Central govt subsidy on loans to farmers jumps over 5-fold to...

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The Short-Term Crop Loans/Kisan Credit Cards are being given under the Modified Interest Subvention Scheme There has been a more than 5-fold jump in the...
A host of online gaming, like Dream11, and casino operator, like Delta Corp, have received GST show cause notices last month for alleged short payment of taxes
Finance

GST authorities issue Rs.1 lakh crore show cause notice to online...

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Online gaming firms face GST hurdle over tax evasion The Goods and Services Tax (GST) authorities issued show cause notices demanding as much as Rs.1...
As many as 91 fraudsters have been apprehended in connection with these cases
Finance

DGGI detects fake input tax claims worth Rs.14,000 crore in FY23-24

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In 2023-24, Rs.1.36 lakh crore has been detected as overall GST evasion The Directorate General of GST Intelligence (DGGI) has detected a total of 1,040...
The decision was taken after it was found that Chinese exporters were exporting steel products to other countries at a highly reduced price
Laws

Centre imposes anti-dumping duty on select Chinese steel for 5 years

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India clamps down on Chinese steel The Centre has imposed an anti-dumping duty on some Chinese steel for five years after it was found that...
The decision to remove these duties on American products was taken through a Finance Ministry notification dated September 5
Commerce

India removes additional duties on several US products ahead of Biden’s...

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India drops tariff hikes on US almonds, chickpeas, apples, walnuts and lentils As US President Joe Biden is set to arrive on a three-day visit...
In a separate reply, Karad said 66,069 frauds were reported in 2022-23 causing a loss of Rs.85.25 crore
Finance

Top 50 wilful defaulters owe Rs.87,295 crore to banks. Mehul Choksi’s...

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With unpaid dues of Rs.8,738 cr, Mehul Choksi tops the list of wilful defaulters The Finance Ministry on Tuesday said the top 50 wilful defaulters...
In 2020-21, as many as 12,596 cases of GST evasion were detected, while in 2022-23, the cases rose by 23.5 percent to 15,562
Finance

GST evasion cases surge 23.5% in 2 years; 166% rise in...

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In 2022-23, Rs.33,226 cr were recovered in terms of GST evaded from 15,562 cases detected As per Finance Ministry data, there has been a rise...
The ANTF unearthed Afghanistan-based International Drug Syndicate run by one Haji Naimat Ullah (an Afghan National), who fled from India in 2021
Law and Order

Finance Ministry ratifies freezing order issued by Delhi Police under NDPS...

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House of drug trafficker with ties to Afghanistan syndicate confiscated On Sunday, the Delhi Police said that the Union Finance Ministry has ratified the first...
Taxpayers have to file the returns for 2022-23 with the assessment year being 2023-24
Finance

Deadline to file IT returns won’t be extended; Govt urges taxpayers...

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ITR: Govt not contemplating extension of July 31 deadline The government has urged taxpayers to file their income tax returns before July 31, 2023, to avoid...
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